The nay-sayers who want America to fail

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You'd be surprised who they are.

According to Newsweek's excellent business columnist Dan Gross, it's the Republicans.

He writes:

"The conventional wisdom on the right holds that President Obama and his Democratic allies in Congress are setting themselves up for a big fall through their overreaching. But I'd argue that it's the Republican Party, which was always on the side of greater growth, higher stock prices, and more wealth, that has painted itself into a corner. Many Republicans opposed the initial bailouts because they were conducted by an unpopular Republican president in conjunction with a Democratic Congress. (In Todd Purdum's Vanity Fair article, former Treasury Secretary Henry Paulson conspicuously praises congressional Democrats and conspicuously says little about congressional Republicans.) Then they doubled down with virtually uniform opposition to the Obama stimulus bill, which had been watered down to attract Republican votes. In order for Republicans to be vindicated politically, the bailouts and the stimulus--and the economy at large--must fail. Thus considered, every positive data point, every sign of stabilization in the housing market, every rise in the S&P 500, every TARP repayment, is something of a rebuke. As the clouds part, the historic party of economic sunshine is in the strange position of praying for rain."

Those who put political expedience and their political fortunes before the good of the country are among the lowest forms of life. And they are what's wrong with our political culture. Instead of trying to seek solutions, they merely hope the other sides fails so they can grasp power.

I hope they fail.

Read Gross' column here.

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This page contains a single entry by Mike Argento published on September 2, 2009 8:11 AM.

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