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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (48348)	3/19/2006 3:54:46 PM
From: CalculatedRisk	Read Replies (3) \| Respond to of 116555

Clear and Present Dangers nytimes.com This is a book review of "American Theocracy" by Kevin Phillips. Phillips is a Republican: 'Four decades ago, Kevin Phillips, a young political strategist for the Republican Party, began work on what became a remarkable book. In writing "The Emerging Republican Majority" (published in 1969), he asked a very big question about American politics: How would the demographic and economic changes of postwar America shape the long-term future of the two major parties? His answer, startling at the time but now largely unquestioned, is that the movement of people and resources from the old Northern industrial states into the South and the West (an area he enduringly labeled the "Sun Belt") would produce a new and more conservative Republican majority that would dominate American politics for decades. Phillips viewed the changes he predicted with optimism. A stronger Republican Party, he believed, would restore stability and order to a society experiencing disorienting and at times violent change. Shortly before publishing his book, he joined the Nixon administration to help advance the changes he had foreseen.' Now Phillips argues the GOP has gone off the deep end. 'No longer does he see Republican government as a source of stability and order. Instead, he presents a nightmarish vision of ideological extremism, catastrophic fiscal irresponsibility, rampant greed and dangerous shortsightedness.' The BIG three problems: oil distorting American policy, the religious right, and the huge increase in debt ... 'he identifies three broad and related trends — none of them new to the Bush years but all of them, he believes, exacerbated by this administration's policies — that together threaten the future of the United States and the world. One is the role of oil in defining and, as Phillips sees it, distorting American foreign and domestic policy. The second is the ominous intrusion of radical Christianity into politics and government. And the third is the astonishing levels of debt — current and prospective — that both the government and the American people have been heedlessly accumulating.'