Well, the more things change, the more they stay the same. According to one poll, a large majority wanted to replace all of Congress. But, as of this writing, there will be something a little north or south of 60 seats in the House and 6 or 7 in the Senate. Barney Frank, Harry Reid, Barbara Boxer amongst many others will return. With a lot of newcomers, the old gang is still around, and in charge. Down, but not out for the count. Pretty much of a stalemate.
There will be a lot of chest thumping, but in the end, its the same old story. This sounds pretty negative, and perhaps it is. I think something has to give, but not enough people want that, so it isn't going to be possible to make some real changes that can make a difference. America must be just spinning its wheels after all.
Update: I thought I might add a little something to this post with respect to gridlock or stalemate. Those who think that this is a good thing, take a look at the history of the Clinton years which brought the repeal of
Glass Steagal. If repealing Glass Steagal was a bad idea, then take note that this happened in a Democrat administration and a Republican Congress. Not only that, instead of bringing about some compromises that would make it a better bill, the very opposite occurred. The bill that was passed back then made it easier for sub prime mortgages to take place as well as the repeal itself. This was a one two punch that decked the financial system and brought on our current mess. This is a result of a corrupt system conspiring amongst themselves which produced an outcome that was disastrous for us all. All this thanks to "divided" government.
Not all compromises are good. In fact, some may be really, really bad. Take the Kansas Nebraska Act. This act was a compromise between factions that resulted in a very bad bill that brought on the Civil War.
There may be other examples, but I think the Kansas Nebraska Act should dispel the notion that very sharply divided factions can work together to bring about a good outcome.
Another example: Hitler and Stalin signed a Non Aggression Treaty which guaranteed WWII.
1 comment:
It's amazing to me that there are so few people that know about Glass Steagal. Phil Gramm, that old Aggie and Robert Rubin, the insider tradeking combined to screw America more than Stalin or Hitler did. For the time being Stalemate is the word alright.
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