You say you want a revolution
The long term fallout to the disaster known as the global financial crisis is playing out on the right sided spectrum of the political scene. Economic anxiety translates into a turbulent, unpredictable, heated voiced, violence prone mob rule. Let’s go first to a little nugget from Andrew Sullivan. (for those not in the know, he is a gay conservative, if that is even possible.)
“In other words, this is not just a cold civil war. It is also a religious war – between fundamentalism and faith, between totalism and tradition, between certainty and reasoned doubt. It may need to burn itself out – with all the social and economic and human damage that entails. Or it can be defeated, as Lincoln reluctantly did to his fanatical enemies, or absorbed and coopted, as Elizabeth I did hers over decades. But it will take time. The question is what will be left of America once it subsides, and how great a cost it will have imposed.”
In other words not only do we have to worry about our ice caps melting and climate change sparking an extinction event, but wait for it, now we get to worry about the primitives and tribalists who are so sure that they don’t like what they see that they are willing to do whatever is necessary to insure that nobody likes what they see.
Where to get your food while the tribes quarrel
But, all is not lost. Politics is one thing, but a skilled economist is another, and for this we turn to John McCain’s economic advisor during his run against Obama, punching way above his actual weight, let’s listen now to Mark Zandi, a man working for Moody Economics
The stalemate in Washington also may have long-term economic consequences for the U.S. as international investors grow wary of investing there, Mr. Zandi said.
“You will hear increasing calls and actual efforts to diversify away from the U.S.,” he predicted. “It could in fact impair this very strong economy that we have.”
The solution? Washington should “do nothing. Literally nothing,” Mr. Zandi said. “No change at all for the next three-four years. Let the private economy do its thing.”
Once the economy starts growing at a faster cliff, policymakers should consider making changes to rein in government spending and cut the U.S. debt, he said.
Nothing trumps something when if you try to do something what crawls out of its hole looks like Sarah Palin, spits nonsense like Grover Norquist, and has the face of Joe McCarthy (hi Teddy Cruz). The vast sea of ordinary citizens trying to enjoy the ride of one lifespan here on earth have literally been drawn into a grand coitus interuptus.
I can explain in shorthand what needs to happen, anybody can. Raise taxes on corporations and the wealthy, get control of health care spending, and do something about climate change.
There, see, it isn’t that difficult now is it?
But, as it sits at this moment the mob would become so flipped out by anything other than getting their way or the highway that we can go back to Zandi’s prescriptive and of course even that milk toast proposal, the do nothing proposal will not be easily sustainable against the right wing heavyweight championship of the post-confederate-cause that will be playing out across the country.
Nothing really here that a few decades on holiday in Costa Rica might not cure…