Progressive economic ideas come with a 100% Guaranteed Fail rate
The Conservative "free market deregulation" dogma was such a resounding success in 2008.

Taken until now for Obama to set a new record for the DOW.
Deregulation? LOL! Seriously??
LOL
Bush made a half-hearted attempt to reign in F&F beofre they collapsed the housing market, remember??
"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis, -- Democrats 2008
That's just it Frank
We are seeing the end of 19th-20th century Progressivism.
the "the jig is up"; the "party is over"
We have reached that place that Margaret Thatcher spoke of :
"The trouble with Socialism is that eventually you run out of other people's money."
What tools do we have left?
- interest are low as they can go to go any good
- we can't tax anyone enough without crashing the economy
- how much can we debt spend since we are broke
- The Democrats are controlled by the extremeists in their party and they won't allow true reforms to entitlements which limit the state's role
S&P downgrade was just a hint of the problems to come from the failed Progressive
programs.
Again....
The issue is one of statism- which can come from both sides.
Socialism, communism, fascism, crony capitalism are all forms of some level of CPE's
and share little with a true free market system. Fascism depends on and thrives on a large and intrusive gov't or "big gov't", not small.
The issue is the power and scope of the gov't and the problems that
a large gov't can have on individual liberty. While many different groups
may use different reasons/causes for statism- it tends to never work out well and
they tend to end up at the same failed point in history.
Sadly, for the US
many still chase this "illusion"-
Fed on part ignorance and delusions of utopia
So true-
The road to hell is paved with good intentions
No doubt, this won't be the last we have heard from these
apologists of failed statism
Probably the best thing to happen is the lies of Papa Obama and the left on
healthcare.
The American people want to trust their president.
Papa Obama' s lies will impact millions- that trust has been broken.
Really, how can anyone trust anything they say, now.
As such, this will allow the GOP to take over the Senate, push out more of the extreme
leftist element and with the House still in GOP hands, they will be able to offer Papa
Obama real plans with real solutions.
Until then, one will see the extreme left and Obama apologists try hard to cover for
the lies and desperately try to hold on to the failed Progressive programs.
Obama lied
American Trust and Healthcare plans died