A quick deep thought that I posted over on Gherald’s blog:

So many on the right are simply taking it as an article of faith that all the scary spending and Socialism! that Obama is doing will absolutely and unquestionably lead to economic Armageddon, replete with hyperinflation, neutered growth, skyrocketing taxes on every American (including babies!), rampant unemployment and eventual financial collapse.

It will be interesting to see the dynamic in 2012 if and when the economy has mostly recovered and we are in a period of robust growth, lower unemployment, lowered taxes on 95% of Americans and low inflation.

I’m not saying that it will necessarily come to pass but, if it does, the GOP will have forever buried any last glimmers of dogmatic conservative economic ideology. People will have listened to the doomsayers, saw what Obama did and then saw what resulted.

If hyperinflation and financial Armageddon doesn’t happen in the next four years, methinks the conservative middle is going to need to resurrect the Whig Party

  1. Steve says:

    Why are we limited to the next four years? What if it happens within the next years? The next 12 years? Do you really think that we can just print dollars without any negative repercussions whatsoever?

    • Metavirus says:

      i am making a practical political point with regard to what will happen if Obama can pull off his plan in 4 years' time. from a long-term perspective, Obama has already said that he plans to slash the deficit by the end of his first term and more by the end of his second. we should let it play out and judge him on his successes and failures.

  2. Gherald says:

    If we take Obama's stimulus and bailouts that he argues are necessary out of the equation, then we should also take the Iraq war out of the equation.

    Looking at the landscape without those outliers, it's clear that Obama isn't slashing anything. He is increasing spending and decreasing revenue relative to Bush, roughly doubling the gap between them…

    It's not quite printing dollars--it's more borrowing dollars. And it's not sustainable. I will judge his success in addressing this, certainly--but so far his budget has only made things worse.

    • Metavirus says:

      my broadest argument on the whole point is that I am going to need to see how this all plays out over the next few years. i will need to see if obama keeps his promises and what our financial picture looks like after we're out of the woods and have had a year or so of growth.

      • Steve says:

        Within four years, my guess is that you (and I) will be far too busy trying to survive with a destabilized government and dollar to give a crap about blogging. Plus, we probably won't have good internet access, assuming we will even be able to afford it.

        • Metavirus says:

          doom and gloom scenarios about zimbabwean super-hyper-mega-ultra-inflation resulting from commie/liberal/pinko economic plots are as old as the republic. after the wounded, retarded bull that just ran through the china shop for the last 8 years, i am willing to give the current administration a little latitude right now to sweep up the detritus and rebuild the fixtures. i will be open to anyone's input in a few years when we are all forced to blog by carrier pigeon and make a living by selling soylent green wafers made out of the newly enslaved feed race of cloned glenn beck/michelle malkin spawn.

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