Monday, November 8, 2010

Regarding the Midterms...

“As for ‘the American people’ themselves, it seems clear enough that their rejection of the Democrats was, above all, an expression of angry anxiety about the ongoing economic firestorm. Though ignited and fanned by an out-of-control financial industry and its (mostly) conservative political and intellectual enablers, the fire has burned hottest since the 2008 Democratic sweep. By the time the flames reached their height, the arsonists had slunk off, and only the firemen were left for people to take out their ire on. The result is a kind of political cognitive dissonance. Frightened by joblessness, “the American people” rewarded the party that not only opposed the stimulus but also blocked the extension of unemployment benefits. Alarmed by a ballooning national debt, they rewarded the party that not only transformed budget surpluses into budget deficits but also proposes to inflate the debt by hundreds of billions with a permanent tax cut for the least needy two per cent. Frustrated by what they see as inaction, they rewarded the party that not only fought every effort to mitigate the crisis but also forced the watering down of whatever it couldn’t block.” - Hendrik Hertzberg on the midterms.



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