I see this as a sign that this country's politics will be moving sharply to the left soon. Abandoning Wall Street, as the Republicans seem to be doing now, could significantly alter the financial landscape of American politics, and the GOP could find itself as cash-starved as an earlier generation of Republicans used to be, and one wonders about the implications if liberals and Wall Streeters were to become closer--would capitalism water down progressivism? Or vice versa? One thing is for sure, abandoning the bailout means that politics are going to be changing, quickly.
BTW, it's interesting that the GOP is still offering pro-Wall Street economic policies while basically saying they could give a damn if Wall Street crumbles. They need a new economic policy. I think a working-class agenda by two knowledgeable young conservatives is just the thing. Somebody send these dudes a copy of Grand New Party!
The Man, The Myth, The Bio
- East Bay, California, United States
- Problem: I have lots of opinions on politics and culture that I need to vent. If I do not do this I will wind up muttering to myself, and that's only like one or two steps away from being a hobo. Solution: I write two blogs. A political blog that has some evident sympathies (pro-Obama, mostly liberal though I dissent on some issues, like guns and trade) and a culture blog that does, well, cultural essays in a more long-form manner. My particular thing is taking overrated things (movies, mostly, but other things too) down a peg and putting underrated things up a peg. I'm sort of the court of last resort, and I tend to focus on more obscure cultural phenomena.