Nothing I’ve seen so far that is persuasive of a GOP recovery. The deluded on both sides will continue to fool themselves until things get tough. And they will.
The bailouts will not solve our financial problems and every Keynesian act which Bush and Obama do will merely add to price inflation a year from now. We are in for some very hard financial times ahead reminiscent of Jimmy Carter’s Stagflation.
Bush will take the blame for the meltdown, but the double digit price inflation ahead will all be Obama’s baby. It’s not yet clear how bad things will get, because Obama is not yet in office. If Obama does half of what he has promised, then look out.
The Republicans need to position themselves against Obama’s Keynesian and interventionist economics. The GOP needs retire the old guard and field some new clean candidates. It needs to talk up small government, cleaning up Washington and getting the government off the people’s back.
This is Sarah Palin’s agenda. She will be back, stronger than ever. She will give the Left a real reason to hate her. And fear her.
