This is a structural depression — just as the long depression of the 19th century was. And it won’t be over until we have fixed the way the economy works.
But the Democrats continue to sing la-la-la with their fingers in their ears, continue to add 1.5 trillion or more to the U.S. national debt each year, and to scapegoat blame onto the Republicans for programs that Democrats either initiated or had a heavy collaborative hand in:
Fannie Mae/Freddie Mac, pressuring banks to make loans to people who should not have qualified, mortgage-backed securities, prolonging the real estate crisis with obstructive subsidies instead of letting market forces clear the inventory by letting home prices naturally fall to sellable prices till the crisis ended, jointly passing expensive entitlements like No-Child-Left-Behind and the Prescription Drug Plan and then blaming Republicans, passing legislation for two wars then posturing against the wars Democrats overwhelmingly voted for themselves, homeland security spending, the Patriot Act, Obamacare, Cap-and-Trade, and on and on.)
Everyone agrees that we're headed for the cliff, maybe ten years away at most, maybe only a year or two, or a few months. Europe, Japan, China, the U.S., the whole thing is coming apart.
And when the Republicans actually propose action to contain or reverse the damage, they are bitterly demonized by Washington Democrats, the liberal media, and the radical Left.
Democrats are in complete denial of the clear reality, as they continue to spend 1.5 trillion a year obliviously.
And the media and the Left, likewise indoctrinated, cheer them on, from the cliff's edge all the way to the bottom.
