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The vultures gather [A blast from the past - Economist predicted Dem Victory 2006!]
The Economist Magazine ^ | Nov 2nd 2006 | Economist Magazine Staff

Posted on 11/01/2010 7:49:38 AM PDT by SES1066

“YOU have been sat here too long for any good you have been doing,” Oliver Cromwell famously declared, as he dissolved the Rump Parliament in 1653. If the polls are to be believed, American voters will say much the same to George Bush's Republicans when they vote in the mid-term congressional elections on November 7th. Although the Republicans may hold on to the Senate, where only 33 of the 100 seats are at stake, almost everyone expects that they will lose the majority they have held in the House of Representatives for the past 12 years. The scent of Republican defeat is in the air (see article).

... Snip ...

Worse than sleaze is pork. All Congresses like to vote money for pet projects, most recently using “earmarks” to tie a grant of federal money to a local scheme. But this one has been astonishing: the number of earmarks has shot up tenfold since the Republicans took the House in 1994. ... Over the past six years the House Republicans have repeatedly snuffled up the sugar that had been meant to make the bitter pill of entitlement reform go down, without swallowing the hard stuff. ... Instead, the past six years have seen a $236 billion surplus transmogrified into a nearly equal and opposite deficit, with the prospect of much bigger deficits to come.

... Snip ...

None of this amounts to an enthusiastic endorsement of the incoherent Democrats. There are a few independent-minded Republicans, especially in the Senate, who deserve to keep their seats. But sometimes ruling parties become so addled and incompetent they need to be punished. “Depart, and let us have done with you,” Cromwell told the Rump Parliament. The Republicans deserve the same next week.

(Excerpt) Read more at economist.com ...


TOPICS: Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: 2006election; 2010election; economistmagazine
The laugh here is that for most of us, you can change the specific referrals to the Party and President and this would be even more valid! Of course we would have to add just a bit more money [/sarc]!

The difference in tone between this 2006 Election Eve edition and this year's similar edition demonstrates the fact that, IMHO, both the Media and the Europeans are still rooting for Democrat-style Social Liberalism. In evidence I give you the current 2010 editorial's end paragraph ...

Which ought not to be so hard. Despite its problems, America has far more going for it than its current mood suggests. It is still the most innovative economy on earth, the place where the world’s greatest universities meet the world’s deepest pockets. Its demography is favourable, with a high birth rate and limitless space into which to expand. It has a flexible and hard-working labour force. Its ultra-low bond yields are a sign that the world’s investors still think it a good long-term bet. The most enterprising individuals on earth still clamour to come to America. And it still has a talented president who can surely do better than he has thus far.

1 posted on 11/01/2010 7:49:41 AM PDT by SES1066
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To: SES1066

communomics magazine... FOAD lefties!

LLS


2 posted on 11/01/2010 8:41:11 AM PDT by LibLieSlayer (WOLVERINES!)
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