At present the elite consensus in the U.S. seems to be that America is on the road to recovery and the only question is which Republican will oppose Hillary Clinton in 2016. But this ignores the possibility that the destabilizing political forces we see in Europe may find equivalents in America. Having earlier avoided the mistake made by the Europeans with their self-destructive austerity policies, thanks to the sequester the U.S. is now foolishly adopting the kind of contractionary economic policies it earlier spurned. Do not be surprised if several years more of high unemployment and the creation of low-paying jobs produces anti-system movements in American politics with more staying power than the flash-in-the-pan Tea Party and Occupy Wall Street movements. It can happen here.
This was an interesting but incredibly long article. The article did make reference to Perot and his party’s platform re: federal deficits. That notion had traction — all of the opposing political parties were grovelling for the Perot vote, ultimately. And ultimately fiscal balance was achieved. Perot also cited trade balance but, as we know, that’s not gonna’ happen. It is interesting and those that aren’t calcing alternative outcomes will always be caught with their pants down…
I love the Good Will Hunting quote: 50 years from now; when you finally start thinking for yourself — you’re going to realize — you dropped $150K on an education that your could have gotten for $1.50 in late charges from the local library. Ted Cruz?
What?
All of them!!??