Today's front page New York Times "Budget Deficit Shrinks Faster Than Expected" is an indicator of a gentle economic wind on the back of the Obama administration that could put them in a position to promote "it's morning again" for the congressional 2014 campaign, as did the Reagan campaign of 1984.
The Clinton versus W. Bush years put a lie to a positive Republican stewardship of the economy where neocon interventionist threw us into a depressed decade similar to the seventies Viet Nam debacle. The favorable current economic wind on Obama's back comes partly from the Iraq pull out in a manner very similar to the military wind down that Clinton enjoyed after the first Iraq war. Other good news for the economy is popping up all over so that it's enough to make an Obama hating Republican cry. The housing bubble is showing signs of of supply realigning with demand with real economic basis to current transactions. The average age of autos has reached a level where there is real and profitable demand for replacement cars and trucks. In spite of an Energy Department trying to kill hydrocarbons clean natural gas is gushing out in the U. S. where we will become energy independent shortly putting us and the world less at risk with middle eastern oil tyrants.
This economic trend puts the Republican party at risk of being stripped bare to its authoritarian bones. It's ugly when you decry the nanny state when you are a nanny saying no to immigration, same sex marriage and drugs. On the other hand, I suspect the GOP truly can't abide free market capitalism in spite of all their protestations that they do. Crony capitalism is more their flavor.
No comments:
Post a Comment