Like I said about Palin before, demographics, demographics….
Although there is much talk of “green shoots”, most observers seem to concur that high unemployment is here to stay for quite a long time. That the number of white, working poor is growing exponentially and that this group, very large although unhyphenated, with all of its former left wing populist fervor long since extirpated, is bereft of any ideology except charismatic Christianity; with its critical faculties dulled to disappearance by a brutish corporate entertainment culture and drugged with sentimental, xenophobic patriotism and with nowhere to go except toward racism and paranoia.
These people have no defense against globalization and the new technologies except fear and resentment. And having an African-American in the White House has destroyed the last citadel of their precarious, tattered and battered self-esteem: the thought that, no matter how far down they were, there was someone they could look down on… black people.
BO has zero chance of looking good with the economic deterioration coming. The only defense will be Bush started it. In his defense nothing could have stopped it. However, it would have been nice to see somebody stop the looting. I suspect at some point he will have to turn on his wall street backers to save face. If you wanna see how that turns out google “business plot” to see what was plotted against FDR.
Somebody, is going to have to pay, politically, for the monumental failure and projections for the stimulus.
He way, way oversold himself. Rush limbaugh is school-girl giddy with excitement..
