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Actually, as you say, the roots of all structural misery were layed during Clinton's tenure.

Indeed, from a economic structural perspective any of the Bushes are doves compared to the Clinton times.

Tax cuts for the rich you can get rid off easily. Measures that define how economy (financial system included) works, much more complicated.

This has been a slippery slope for the last 30 years. We should have not did it. In some cases the so-called left did more damage than the right.

That being said, while I did not vote in the last elections (because I was away), I would have if I could. The brutal austerity that you see in Portugal was highly foreseeable (like EU/IMF/ECB troika on steroids, by option).

Anyway, I think it is time the social democracts follow the way of the communists, the anarchists... the way of the dodo. We need breathing space for something new. Precisely what, I do not know. But the old solutions are not working.

by cagatacos on Sun Nov 20th, 2011 at 12:14:22 PM EST
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