Wednesday, February 19, 2014

Delusional Democrats and Market Fundamentalism

Delusional Democrats and Market Fundamentalism

After LBJ's landslide in 1964, the Democratic consensus, according to Hunter S. Thompson in Songs of the Doomed, was that "The GOP was doomed, like the Whigs, to a cheap and meaningless fate." 

Today we hear many of the same predictions concerning the Republicans demographic problems in the Washington Post, New Republic, NY Times and all over the political blogs.
The consensus is that all the Democrats have to do is wait, and the electoral victories will roll in. Even Paul Krugman is on board with this thinking. 

And yet no one is predicting the Democrats will take back the House this fall, or even gain seats in the Senate. Something is wrong with the consensus again.
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