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Tuesday, July 06, 2010

The Boston Globe takes notice of the political situation here in New Hampshire as the Democrats, who have enjoyed holding both U.S. House seats, a U.S. Senate seat, the Governor's office, and majorities in both houses of the state legislature, now face an angry electorate that could throw them back into their historic minority status.

Ambrose Evans-Pritchard believes the U.S. economy is starting to resemble the situation in 1932. I happen to think it more closely corresponds with 1930, but either way it is very bad news for us and for the rest of the world. If we are in another Great Depression, then we can expect not only severe economic dislocation, but also political instability, the rise of new fanatical ideologies and the strengthening of old ones and, eventually, war.

Another economic analyst believes the Dow Jones is repeating a Great Depression pattern.

Mort Zuckerman says President Obama is treading water, barely.

Eugene Robinson, like so many liberal journalists, is having a hard time restraining his frustration at the President and the Democrats as they miss the big political fact facing the country, which is the large number of people (like me) who are unemployed, and have been for a long time, and are wondering if they will ever work again. These people are angry, will vote their anger and, for the moment, have only the GOP to choose as an alternative to Obama and the Democrats (which, no doubt, is also known by Robinson and drives him to distraction). Republicans would be wise to consider that if we remain mired in this Great Recession during their tenure, someone else will come along and drive them from office just as completely as the Democrats will be in November.

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