For the past year we were ruled by a single party, the Democratic one. We have a Democratic president with a veto proof Democratic Congress. The result? Massive economic harm. Blaming Republicans is absurd but clearly Tom Friedman believes in the BIG LIE and so did many pundits this past Sunday. He writes:
It is a shame because here we are as a country scrounging around for a few billion more dollars of stimulus to help our unemployed and small businesses — when the biggest stimulus of all is hiding in plain sight. And that is ending our political paralysis and the pall of uncertainty it is casting over everything from the cost of my health care to the cost of my energy to the way our biggest banks can do business.If the two parties could get together and remove the clouds of uncertainty over those issues, remove the growing sense that our country is politically paralyzed, you would not need another dime of stimulus money. Investment and lending would take off on their own. If, however, the two parties continue with their duel-to-the-death paralysis, no amount of stimulus will give us the sustained growth and employment we need.
Let’s hope that the election of the 41 Republican means that Washington’s ability to do harm has been significantly reduced. Who know? With real gridlock, our economy may just have a chance to recover.