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Groundhog Day in America

johnm h Wrote: Nov 08, 2012 7:59 AM
The last thing the left wants is a robust recovery, moderate growth of big corporations that can be managed with subsidies, carve outs and waivers suit a corporate state. Regulations issued by the Administration will continue to crush small business. The attack on the Church will continue and energy development will proceed as long as the Administration can control it. People waiting for a financial collapse to save us will be disappointed. The Fed can continue to finance our debt by holding it on its balance sheets as long as there is not a serious expansion of private credit. We don't know how long death will take, but probably a long time and will be with a whimper not a bang.
Barack Obama won a moderately close victory over Mitt Romney on Tuesday. But oddly, nothing much has changed. The country is still split nearly 50/50. There is still a Democratic president, and an almost identically Democratic Senate at war with an identically Republican House, in a Groundhog Day America.

Obama's win did not really reflect affirmation of his first term, given that the president made only halfhearted efforts to defend Obamacare, the stimulus, huge Keynesian deficits and his attempts to implement cap-and-trade. So if there is a second-term agenda, even Obama supporters don't quite know what it will be.

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