So the solution to too much regulation is to create more regulation, the solution to too much debt is to spend more and the solution to an unpopular congress is to screw up the country so badly with delayed effective date regulations so that your successors are holding the bag when the regulations hit the fan.
I must admit that with the writing on the wall the new congress to take office in 2011 will blamed for all the ills facing the country. I can only hope that the new congress will try to repeal some of this irresponsible spending and regulation and I can only hope they try to cut taxes and eliminate the “uncertainty” in the market.
If the new congress succeeds, the 2010 congress has left a nasty surprise for them, an inflation bomb. The worst part about this bomb is that it is equipped with a dead man switch, the type of switch that will prevent a bomb from exploding as long as the detonator is held down. Once the current crop of politicos is gone, the “uncertainty” in the market will decline, the money will flow and the inflationary spiral will begin.
Once money starts to circulate again, it will become worthless due to the inflationary pressure of printing money to paper over the spending that started with TARP.
The news media will have a field day, reassigning blame to the conservatives and tea party candidates. Is there a solution to this kind of problem in the world of a deceptive liberal media with a short memory? The only thing I can think of is that those of us who align with the party of the elephant demonstrate why that is our mascot and we remember what started this mess.
