Lorr47 -> RE: Why the GOP is unraveling. (5/9/2009 12:15:23 AM)
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Its not a matter of "purity for purity's sake". Left unchecked Obama's policies will do serious and long term harm to the economy. "Loyal opposition" can only serve to enable that damage. I agree that they like Obama for similar reasons to Reagan's INITIAL popularity. The difference is Reagan's policies worked, both domestic and foreign policy. Obama's cannot work long term, and any semblence of support will taint any future GOP leader's chances. The Dems were "guaranteed to be a minority party" a very short time ago. How did they overcome that? By becoming far more radical, not more moderate, and presenting a contrast to policies that were portrayed as failures every chance they and the MSM had. Buchanan is dead wrong. When this economic mess started most economists were of the opinion that this event was so gigantic and so without precedence that there was no right answer. Lately, when I watch a news show the economists are no longer saying that there is no correct answer. The vast majority say Obama is doing the correct thing but not enough of it. In other words, the stimulus packages should be much larger with less tax cuts (Because the bang for the buck of a tax cut is substantially less than spending and represents adherence to the discredited trickle down theory.) Bush had the right idea but the wrong man, Paulson. I expect mammoth payoffs will be uncovered. Additionally,Paulson engineered a $13 billion payment from AIG to Goldman and another $100 billion plus payment to European banks. Hopefully Obama can avoid such pitfalls with the help of people like Summers. I would submit that some republicans are seeking purity for purity's sake. Republicans are virtually the only ones lobbying against what the rest of the nation wants. Republicans are virtually the only ones lobbying against what the vast majority of economists deem necessary. Ignoring what the American people wanted got the republicans in this fix in the first place. Compounding the initial mistake denotes a fanatic's loyalty to discreted theory. As to your Reagan assertion: I think it was several years ago there was a rather long program devoted to Reagan's legacy. I am trying to remember where I saw it because the contents surprised me. The program revealed that the only reason Reagan had a good legacy was the super human efforts taking by Bush in his term as president to stop the economy from tanking because of Reagan's economic theory. My estimation of Bush (the elder) went up substantially by virtue of the program. After the program I felt that Bush was seriously underestimated. If Bush had not taken the action he did there would have been a Reagan legacy, that of a senile old man whose conservative economic theories lead the U.S. into a deep recession. From the reports I have seen, I am hopeful that a clear change will be indicated by the late fall of 2009. Don't go harping on the unemployment statistics. Unemployment statistics are virtually the last to give an indication of an upturn. The bottom line is that I am not going to change your mind, and unless a lot of people change their opinions, you will not change my opinion.
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