Mining The Gold Of Their Own Disaster

In this disaster, the Republicans see gold and they are right. No matter what we do, the next 24 to 36 months are going to be bad, tough, horrible times.
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

A word of caution to anyone celebrating the House Republicans who voted against the Stimulus Bill. Actually, a few words.

First, what President Obama is signing today will, at best, cushion the fall for some Americans. What we are entering is a combination of return to a post-bubble reality, recession and the time to come face to face with harsh realities: like the fact that in the last ten years, real wages have not increased, meaning, as Paul Krugman notes in today's New York Times, we are living in a Madoff moment of epic proportions.

The core financial disaster created by the Republicans, the fallacy of going to war and cutting taxes, was ably enabled by Democratic leaders over the past eight years, and what a disaster it is.

Our states are failing.

Our retirees are being forced back to work.

Our states are bankrupt.

But in this disaster, the Republicans see gold and they are right. No matter what we do, the next 24 to 36 months are going to be bad, tough, horrible times. A year ago, the Bush administration started sending out over 150 billion in checks, a massive amount of money that disappeared into the vortex of the disaster we are living through.

This current stimulus plan, written by a Democratic House, approved by a Democratic Senate and signed by a Democratic President, won't solve the core economic troubles we face and the Republicans know this.

By rushing a flawed plan through the Congress, this administration has opened up our country for years of Republican rule, moving forward from 2010, 2012 and beyond. Every time the Dow drops, every time the job losses increase, every time we see the inevitable economic weakness, Republicans will cry: we told you so.

Today Mitt Romney put two of his houses on the market. He is preparing to run as a businessman who can fix the problems the Democrats couldn't.

They made the mess and they're staking their political futures on the fact that they created a disaster of such epic proportions that it can't be fixed in four years.

Tragically, they're right.

Popular in the Community

Close

What's Hot