Monday, November 22, 2010

Of cojones and ponies

As usual, Paul Krugman says it like no one else can:
The fact is that one of our two great political parties has made it clear that it has no interest in making America governable, unless it’s doing the governing. And that party now controls one house of Congress, which means that the country will not, in fact, be governable without that party’s cooperation — cooperation that won’t be forthcoming.
Elite opinion has been slow to recognize this reality. Thus on the same day that Mr. Simpson rejoiced in the prospect of chaos, Ben Bernanke, the Federal Reserve chairman, appealed for help in confronting mass unemployment. He asked for “a fiscal program that combines near-term measures to enhance growth with strong, confidence-inducing steps to reduce longer-term structural deficits.”
My immediate thought was, why not ask for a pony, too? After all, the G.O.P. isn’t interested in helping the economy as long as a Democrat is in the White House. Indeed, far from being willing to help Mr. Bernanke’s efforts, Republicans are trying to bully the Fed itself into giving up completely on trying to reduce unemployment.
He quotes Alan Simpson gleefully imagining a debt-ceiling lift in exchange for harsh spending cuts. "And boy, the blood bath will be extraordinary," said the "moderate" former senator, blood dripping from his lips like Edward Cullen feasting on a mountain lion.  Yes, this is the "center" David Gergen and his ilk want Obama to move towards.   What they don't say is who lives in this mythical center -- Far-right Republicans passing as centrists; Fox Democrats charading as progressives; Rubinesque figures fattening the administration; and Gergen himself, hoping for a tax cut on helium, for media gasbags everywhere.

1 comment:

  1. "Confidence inducing steps" sounds like code for tax cuts to me. I doubt the Republicans will be shy about promoting their "compromise" and "willingness to help" in that area. Then when the economy crashes further, they'll still blame it on health care and the few democrats who stood up for Social Security.

    ReplyDelete