Right now things flat-out aren’t going well for the Republicans (and libertarians, of which I’d probably classify myself) right now. Not only do the Democrats have the presidency, and both houses of congress, but they also have the media (mostly) cheer leading them on and a big financial mess on their hands which they can (rightly or wrongly) blame on the Republican administration.
While many / most of the liberal politicians ran on a “middle of the road” and “financial responsibility” message, once in power they are rapidly socializing everything in sight, raising our debt to monstrous levels, and still planning more socialization when it comes to health care and a carbon tax to further cripple our manufacturing economy. And don’t forget about new corporate taxes which will punish those few US businesses managing to eke out profits, to boot.
We have seen this in Illinois for years. Remember, Rod Blago, our impeached and disgraced governor, RAN AS A REFORMER, as did mini-Stroger, who raised our sales taxes to over 10% and packed his department with the most blatant cronies imaginable. The Democrats used their power to gerrymander seats so that they control all institutions of power, and are pretty much running the entire state into the ground, for all to see.
The difficulty with the left, however, is that they have little long-term credibility in the financial markets. The last state of Illinois bond issue was bought completely by JP Morgan Chase, who happens to be a big beneficiary of Federal bailout $ and who also has Mayor Daley’s brother as a major officer. Else the state of Illinois might have started to see the wheels come off then and there.
Watch the US debt market as they try to push these billions or frankly trillions of dollars of debt down into a weak market. The markets know that the left is lying when they say that they have fiscal discipline – they are looking at the actions, not just the talking. While the current administration gets some points for trying to clean up messes in the market that they inherited (from the prior administration and congress) they are going far beyond that by continuing to push an agenda that is fiscally irresponsible (health care nationalization, for one).
In a parallel manner, other pillars of the left are continuing their totally hypocritical ways. Look at the Edge, the guitarist for U2, who wants to build houses “on spec” (for profit for unnamed buyers) in an environmentally sensitive habitat in Malibu – and even the left is all over him for that. And Ted Kennedy sees no confusion behind his push for nationalization of health care (which logically and always results in rationing and queues) with the fact that he is 77 years old and undergoing very expensive treatment for cancer – which would likely be “denied” under the national health care system he dreams of if he weren’t able to push for preferential treatment because he wouldn’t meet the characteristics for being worth the investment.
Even though it looks bleak now, with huge debts, vast new government programs, nationalization of GM and the banks, and impending “cap and trade”, “card check” and “health care nationalization” coming soon, our big hope is that 1) the debt markets refuse to keep funding this crap and push back 2) that people notice the hypocrisy and that promises aren’t being kept, just more noise and giant, fat, inefficient government reigns.
Our best hope is that when the bills come due that the Republicans have some strong, principled and viable candidates to fight back. As a libertarian (mostly), the Democrats are just killing us.