Saturday, October 04, 2008

I Wish Hugh Hewitt Were Right, Financial Meltdown

Townhall.com::Blog

This is a great little job of writing, and I wish fervently it could be true, even though I believe it is not. The main place I take exception is this paragraph:

The hard left's seven year rage against George Bush has disfigured the politics of the country, but it hasn't infected the large center or demoralized the principled right. Three quarters of the country know the sort of enemy we face around the globe and sense as well the seriousness of the economic risk that faces us and which must be met and managed from maturity and a belief in growth and capitalism's essential genius. The country has never embraced class warfare, and knows that a lurch to the left now would cripple the vast engine of productivity that is the key to a steady recovery of confidence.

I think the seven years of rage HAS disfigured not only the politics, but the emotions of a large majority of Americans. The political parties and the MSM now operate with a horrid scorched earth view in which the destruction of anything is acceptable in the quest for raw political party. The fever pitch of buying votes with earmarks, entitlements, unsustainable mortgages, environmental policies that kill the economy--the list is always growing and we rush headlong to the abyss with both parties promising it all without even a hint of mechanism to deliver.

Somewhere in the 7 year rage -- maybe when everyone's prediction that Iraq had WMD became "Bush lied", maybe when a non-story about Valerie Plame became a "special prosecutor probe", maybe Katrina, or maybe just over the course of the years when less than 2 consecutive quarters of GDP slide became "recessions", an economy growing at 2+% became "bad" and a successful Surge in Iraq dropped from the news like it had never happened.

We lost our national grip on reality. To look at the sub-prime meltdown that started under Carter, accelerated under Clinton as the government pushed their Freddies and Fannies to make riskier and riskier loans, and was fanned by Democrats as late as 2005 as they voted down legislation pushed by McCain.

They now call it a "market failure",  simply deciding to make up a story that suits what the MSM wants, but that is the story that is winning! The market is being blamed for what government created over nearly 40 years!

People are "mad as hell".  It isn't clear that they have any idea what to do to fix their anger, and it appears that we will turn 100% the wrong way causing all sorts of unpredictable harm before more of the population is forced to return to reality based thinking.

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