Monday, April 4, 2011

Financial Times Asks: What Kind of Politicians Has the US Elected

link here to article

The farce, that is the GOP, has not escaped the attention The Financial Times. Clive Crook analyzes the fragile US economy and wonders why the GOP is doing its best to delay the recovery. He looks at monetary policy and he worries that the Fed may be under pressure to eliminate its expansionary QE policy. He looks at fiscal policy and he doesn't understand why Congress is pushing for contractionary cuts in federal spending when state and local spending is contracting. He doesn't understand how Americans could have elected politicians who want to tank the economy. What he may not understand is that the GOP is more concerned about the 2012 presidential election than it is about putting people back to work. After all, this is the party that is telling its base that eliminating jobs in government will lower unemployment. Our problem is that much of its political base believe that. Democracy is live and well in the US. Conservatives have figured out how to organize and incite large numbers of Americans to vote for politicians who tell them that they share their cultural values.

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