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

To: benwood who wrote (89907)	11/7/2008 11:15:02 AM
From: Oblomov	2 Recommendations Read Replies (1) \| Respond to of 116555

There was angst with Bush right from the start, too. Perhaps there was a sounder basis for it (the 2000 election), but the drumbeat of sniping criticism was always there. Most of the current frustration of the right stems not from Obama per se, but from the perception that McCain pulled his punches with him. He and his campaign leadership had a list of 10-12 items that were off-limits in any debate or campaign appearance. Obama's associations with Reverend Wright and Bill Ayers are examples. The only reason that these issues were raised in the closing days of the campaign is that Sarah Palin went rogue, so to speak. Second, the rumors that have circulated after the election about Palin came entirely from McCain staffers. There is a conviction among many on the right that the GOP, especially Bush and McCain, has betrayed them- that they gave these politicians the benefit of the doubt as well, and were betrayed. In 1992, the pieces were already in place for a GOP takeover of Congress in 1994. A majority of Americans had not voted for Clinton and there was deep public distrust of government itself. Apparently now people want to believe that the government is going to butter their bread. I do not see a GOP takeover of Congress happening in 2010 or anytime soon, since I think the Dems will be more careful than they were in 1992. Many conservatives see this and feel disaffected and orphaned by their own formerly-capitalist party. The disaffection will translate into action. I can see a countercultural attitude and approach beginning to emerge on the right that will rival the left-counterculture of the late 60s. The personal, lifestyle actions taken by the right will do a lot more damage to the economy and the stability of public institutions than the Dems might expect.