This is a classic, if gov bails out one, they are forced to bail out all. This is a lesson learned if we ever survive the recession. Working Americans do ask a good question if jobless bailouts are not approved, “Why does the gov react instantly to bailout banks to the tune of 700 billion, but hesitate when working man ask for a bailout to the tune of 60 billion? Working man is starting to figure it out, gov is for the rich and it spits on the rest”.
This recession is unlike any we faced post WW2, because the past behavior of gov is fueling class warfare. So does the behavior of the CEO’s. Dems do not need to egg the people, they merely are leveraging a bad situation to their political advantage. Old adage, when the middle class is sliding into poverty and become part of the poor, the Dems will gain politically. Look at the last Great Depression where FDR was able to be POTUS four terms despite bad economy. He was even very popular after his death into the 1970’s by the aging Great Depression generation. The GOP needs to understand this dynamics before screaming that everyone learn to be on their own, but have their reps in Congress react to the desires and whims of the corporations and Wall Street. The Tea Party wing gets it, but the establishment GOP does not. The other great GOP of the past also got it, he was Teddy Roosevelt.
My late father’s family claims that Mrs. Roosevelt personally intervened when they were starving to death and the local government would do nothing for them. That builds enduring loyalty, no matter what you think of the policies of that administration.
Sounds like the GOP loses either way. Truth of the matter is that FDR exacerbated the depression by making all of the wrong moves. Looks like Obama is headed in the same direction.
With the media covering for him I sure the GOP will get the blame either way. However, I don't believe that pretending to be an innocent bystander is the answer.
Let's just throw the brakes on this whole fiasco. The reason the economy is a mess is because Obama has strangled it with left wing idiocy. If we continue to let him cannibalize one industry after another we'll never recover.
No to unemployment, all or nothing on the Bush taxes, no increase in national debt. Yes to Simpson-Bowles and congress keeps a firm hand on the national purse and we start hard nosed negotiations on job creation.