‘Goons of August’ usher in new era

Nobody’s shooting yet, but I’ll bet Barbara Tuchman would appreciate Robert Kuttner’s headline. Kuttner does a good job summarizing Democratic stupidity regarding the debt deal, and of explaining why our government, in its current form, is in worse shape than those of most democracies in Europe:

…Economically, the budget deal will further weaken a fragile economy. Politically, the deal is a time bomb. It locks in a path to deeper cuts in programs that Democrats should be defending. Under the deal, the same scenario of default versus massive budget cutting that worked so well for the Republicans this time will be repeated next year…

In much of Europe today, far-right populist parties now typically get 20 or 25 percent of the vote. With Europe’s parliamentary and multiparty system, however, they don’t get to govern, but in several countries they are now the second of third most popular party. These parties represent about the same share of public opinion as the Tea Party in the US. But in America, with our two-party system and our constitutional machinery of blockage, if a determined minority gains control of one party it can bring responsible government to a halt…

This entry was posted in Congress, economic collapse, Great Recession, Obama, Politics, taxes, The New Depression, unemployment, Wall Street, world-wide economy and tagged , , , , , . Bookmark the permalink.

1 Response to ‘Goons of August’ usher in new era

  1. Pingback: Suburban Guerrilla » Blog Archive » ‘Goons of August’ usher in new era

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.