MR. DRISCOLL:  Well, last question.  Can America repair the damage that Obama’s policies have inflicted on the nation?

MS. CROWLEY:  Well, I think it’s going to take a lot.  I think it’s going to take a lot of sacrifice.  I think it’s going to take a lot of pain.  And nobody actually — nobody, I think, in the history of the world, actually votes themselves pain.  So like I said, the laws of economics will kick in, and everything will come to a screeching halt.

Inflation, interest rates going up, higher taxes, no jobs.  You’re seeing it happening across Western Europe.  The debt crisis will kick in and it will be brutal, and it will affect every single person.

You can’t — Ed, you can’t spend the last four or five years — actually longer than that, with the easy money policy from the Fed — you can’t spend all this time pumping trillions of dollars down into the system and not expect inflation to kick in big time.  That is actually — massive inflation is actually a tax that affects the middle and lower classes more than anybody else.  That is coming.

So eventually this will — you know, the Pied Piper will come and we will have to pay him.  So I think the damage ultimately can be repaired, but I fear that we’re going to have to hit rock bottom in order for that process to even begin.

Because whether it’s Pearl Harbor, or whether it’s September 11th, or whether it’s a major economic crisis, what we see in great republics and great democracies is that the people tend to put the blinders on until the crisis hits.  And then you have no choice but to strike back.  Unfortunately, that’s the case.

We have had brave Republicans like Paul Ryan put out budget after budget and plan after plan saying, guys, this is foreseen.  We can see this coming.  And here’s how we fix it before the crisis hits.  But people don’t want to hear it.  People vote them out.  People — people take the courageous folks and throw them out on their ears.  And they don’t listen until they have to.  And by that point, the pain so intense that it is going to be an absolute nightmare.

Can it be repaired?  Yeah.  But I fear, Ed, and I really worry, that we’re going to have to hit rock bottom before we even get to that point.  I hope that’s not the case.  But I fear that it may be.

     MR. DRISCOLL:  This is Ed Driscoll for PJ Media.com, and we’ve been speaking with Monica Crowley of Fox News, and the author of What the (Bleep) Just Happened..Again? It’s published by Broadside Books, a division of HarperCollins, and available from Amazon.com and your local bookstore. And Monica, continued success with the new edition of the book, and thank you once again for stopping by.

MS. CROWLEY:  My great pleasure, Ed.  Thank you so much for having me.  Continue to keep up the great work, all the investigative reporting and all of the great things you are doing, because the other part of the argument is that, yes, things look pretty grim right now in America, but we have to stay happy warriors, and America’s worth fighting for and worth saving.  So let’s do it.  Thank you, Ed.

MR. DRISCOLL: Monica once again, thank you.

(End of recording.)

Transcribed by eScribers.net, with minor revisions (including hyperlinks) by Ed Driscoll.