What GOP's doing in control II
Now that the Republicans' post-midterm-election hug has passed and they are ensconced in Washington, it may be instructive to look back to recent times when they ran the big show.
Republicans pretty much owned the entire federal government from about mid-2002 to 2006, and in that post-9/11 world, the size of government ballooned, deficits exploded, two wars were overseen and mismanaged (recall Paul Bremer, no weapons of mass destruction, the disbanding of Saddam's army), the Katrina fiasco occurred — and I could go on.
Every economy needs a banking system to operate, and the party of business watched as a housing crisis morphed into a credit crisis, leaving a banking system on the brink. Of course, Wall Street wants to operate free of regulation until its asset-shifting card tricks spiral downward and, sure enough, its collective hand was out so the government it spurns could save it.
So now, in 2015, we will be guided by two great thinkers, John Boehner and Mitch McConnell, who start off by inviting another leader — one who, by the way, runs an open-air prison in Gaza — into our House chamber to tell us how to formulate policy. A sure sign of weakness.