David Brooks in the NYTimes today writes:
"Tax increases on that scale would decimate the economy. Benefit cuts would cause pain. Doing nothing would lead to enormous deficits, an immobilized government and stratospheric interest rates. It would mean the end of the United States as a great economic power."
SOUNDS SCARY...BUT,
That's not how things happen in the real world.
First, the political dynamic WILL CHANGE. Once the Republicans are out of power you will be amazed at how quickly the looting will stop and solutions are found.
And the "rich" will accept higher taxes, but not without attempting to turn ordinary folks into "tinhorn fascists" using people like Dubya & Co.
True, we must stop the massive export of American jobs and wealth to China by the international financial class.....but that's what tariffs are for!
AT SOME POINT, THE AMERICAN PEOPLE WILL START TO PROTECT THEIR DOMESTIC ECONOMY.....
Free Trade will soon be discredited and a NEO-LIBERALISM will sweep across the land.
Indeed, the Republican "victory" this time was mainly based on "wedge issues" that were not even real....mainly guns, gays and fear of black people in the south. But at some point, the white working class in the suburbs will have to drop their "vote rich live poor" philosophy of life. And vote with the blacks, the intelligencia, and college town Deaniac liberals.
Protest if you will: No. No. I'll Never vote with Gays, Blacks and Smart People....but it will happen!
Indeed, the need to protect the American economy is obvious to anyone who has been to the gas pump with their new Repubican "cheap dollar!"
NEO-LIBERALISM WILL STOP THE DOOMSDAY SCENARIOS FROM HAPPENING.....
Stay tuned......
