Coming to power in November 2008, as the Democrats did, was like being elected mayor to a community recently leveled by a natural disaster. For some time, the daily responsibilities will be to rebuild and neither to maintain nor improve. The fact that this country has endured a recession comparable only to the Great Depression with only a 10-12% unemployment rate is amazing, a testimony to responsible intervention and sound economic science. And less than 4 years after the beginnings of the recession are signs of improvement, albeit slow improvement.
As the Democrats lose their power of an unappreciative public who showed little enthusiasm for the unprecedented efforts to stabilize banking, the economy, health care and energy policy, all of which were in very poor shape, they may silently chuckle to themselves knowing that the Republicans have no plan for mending this country’s ailments and after they gain power and pull the lifelines that currently hold the frailty together, all will be revealed as the “dip” returns to double itself.
How many more generations will watch those responsible for ruining the economy and profiting from its ruin campaign to direct blame onto honest, intelligent, hard-work members of the middle- and lower-middle classes without shame as they do today? When does the middle-class majority learn to care for itself and stop demonizing efforts to promote its interest, regardless of media-blitzing propaganda? Metaphorically speaking, a dog and its tail are interminably attached and the tail should never wag the dog. The financial elite and the middle class are the same, and the minority, no matter how powerful, should be politically beholden to the majority if balance is to be achieved.
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