The Election is over. The Dems were thumped. They lost the House, even if they still have the Senate by a hair. Barney Frank will be back but not Alan Grayson or Russ Feingold. WSWS offered the key reason: “intractable and deepening economic crisis and the evident inability of the Obama administration to develop any policies to overcome it.”
Is that crisis likely to go away after an emboldened army of the righteous (and well-financed claque of self-styled “economically responsible” free market boosters) won more nominal power?
Will the deficits disappear?
Will the government shrink to what to what was in the era of the “founders?”
Will the economy breathe a sign of relief and bounce back?
Unlikely on all counts!
What that means is that the dire problems we face will likely get worse, as the Republicans try to stop any and all government intervention, focused as they are, for political purposes and ideological convictions, on being deficit busters.… Read the rest