As we watch our nation’s leaders fail to lead, it’s also interesting to note that the cost of financing the big, bad debt is lower than it has been in Gorilla’s lifetime.
Apparently the bond vigilantes are willing to finance a perpetual search for the confidence fairy.
At this point, the President’s pretending to care about jobs, but it’s too late. The time to do something serious about that was 2009, and he and the Congress simply didn’t do enough.
Bold initiatives were required for the worst economic downturn in 70 years, and, with the exception of healthcare reform (itself not very bold, but a start in the right direction), bold initiatives did not occur.
Now, one House of Congress is controlled by an insane, racist, extremist, misogynistic party who will not agree to anything proposed by this President for the foreseeable future.
It will be round after round of hostage style negotiations, economic growth stalling, and the likely end of the Obama Administration in the 2012 elections.
Democrats aren’t going to come out unless the Know Nothing nominee is a complete crazy (and that’s the only hope they have of winning in 2012, because the economy will be in recession by then).
They’re fed up with this Administration’s endless bipartisanship fetish and the inability of Congressional Democrats to agree on much of anything since the 2010 elections.
Gorilla channels Cronkite: “Didn’t have to be this way, but that’s the way it is!”