It seems to me the 'righties' did quite well in the last election. 2010 will be the ultimate test.. but if went like 2009, things might not be so good for Obama and Pelosi.
Heh. I think you're right, to a degree. Had the FRB and the Bush Admin not totally reversed course on their whole Free Market! Self Regulation! schtick, we'd likely be reliving 1931. Nobody raved about them being soshulist, even though they did it as a form of socialism for the wealthy.
Fools still voted for Repubs, anyway- illustrating the effectiveness of 30 years of propaganda... propaganda designed to roll back the constraints of New Deal banking, the only reason we had a stable banking system from WW2 until just recently. Prior eras were constantly suffering some sort of banking crisis or another...
I suspect that the Obama Admin is really a lot more Right than many progressives would have liked, still not far enough Right to satisfy the ravers at the Repub base. Can't be, no matter what, because they're the hated *Democrats*, fer crissakes.
I also suspect that in arresting a really big crash, we've left the bankers in the position where they have us all by the short and curlies... that the financial situation is still very unstable. If we mess with it too much, it'll tumble, credit will evaporate. Basic extortion.
Both Geithner and Bernanke seem to understand that, and are pushing for some modest and needed reforms to curb the worst abuses. That's about the best we'll get, unless it really falls apart at the seams like it did in the 30's...
