It will be interesting to see how the party re-builds. If they don't GET IT, they will be a minority opposition party for the next 30 years. Some ECONOMIC things the Democrats desperately need to GET SOON:
1) 20th century European socialism is as dead as Julius Caesar. The "Social Security as Hostage" cult crowd has almost ALL died off. The younger pre-boomers-people between 58 and 75-dominate the senior vote totally now. A majority of these people are an integral part of Investor Nation and-while they are still overweight for protecting the Great Fraud-they are under no illusions about it's BEING a fraud, and why. The boomers, despite also being trapped to some extent in the Fraud, are unwilling to hold their leaders hostage to prevent privatization, which they see as inevitable in the long run. Add to that the post-boomer voters, who are now moving from "first-time" voters to "concerned" voters, and the time to begin incremental privatization of the Great Fraud has arrived. The Democrats plunge themselves into the meat grinder if they try to stonewall against it-but they open political opportunities if they are perceived as positively affecting it.
2) The hysteria over the "deficit" and the "national debt" never fit the socialist Democrats, and they never had any credibility on it, as Tuesday again showed. America has been told that "the locusts are coming to take the children away" ever since Hamilton and Jefferson fought over the national bank. It's time to tell the Goldman Sachs bond whores to dummy up, and to build the new 21st century economy on a foundation of free capital formation. Democrats do not have to exclude themselves from this, and will hurt themselves more and more if they do.
3) Free capital formation means we STOP the archaic Marxist cat-burning of taxing away the seed corn of new jobs. The fraudulent "corporate income tax" (a hidden tax on all of US) and the insane taxes on dividends, interest, capital gains and estates need to be abolished, so America can COMPETE in an aggressive growing world. Democrats need not exclude themselves from this, when they can affect the debate by just crawling out of their socialist cave and conceding that the sun is shining.
In other words, the next Democrat who tells a network camera "We are against tax cuts for the rich" needs to be STONED by the rest of his party... |
