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Politics : View from the Center and Left
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To: Lane3 who wrote (94401)11/6/2008 3:13:44 PM
From: JohnM  Read Replies (1) of 541638
 
The Democrats right now are divided into deficit hawks, who think that the nearly $1 trillion deficit headed down the pike means they can't afford any big programs, and the big spenders, who say to hell with the deficit, let's spend as much as we can to make it look like we're really doing something.

Now there's a clear pov in that statement. Nobody cares about getting things done; just will they do McCardle's things or be little children.

But once the electorate finds out that the Democrats will not be handing out free money, not because the Republicans stopped them, but because they stopped themselves, they're going to find themselves mired in a very difficult discussion. Interest rates, sovereign debt problems, and the debt substitution effect do not make good sound bytes.

While there are no doubt some members of the electorate that think free money will be forthcoming (at any one moment in time you can probably find anecdotal accounts to support almost any view of what the "electorate" wants), I doubt that would rank very high in a serious polling. I suspect the "electorate" wants to get "stuff done." And are reasonably patient as to what that means and how fast delivered.

Which is not to say there will be some rough moments ahead. Just now what McCardle thinks.
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