Because so long as the media is willing to pretend that there's some there thereâsome principle behind the GOP's opposition to everything and anything the Obama administration says and doesâthere's no political downside to Republican party's anti-American jihad. Krugman:
The fact is that one of our two great political parties has made it clear that it has no interest in making America governable, unless itâs doing the governing. And that party now controls one house of Congress, which means that the country will not, in fact, be governable without that partyâs cooperationâcooperation that wonât be forthcoming.Elite opinion has been slow to recognize this reality. Thus on the same day that Mr. Simpson rejoiced in the prospect of chaos, Ben Bernanke, the Federal Reserve chairman, appealed for help in confronting mass unemployment. He asked for âa fiscal program that combines near-term measures to enhance growth with strong, confidence-inducing steps to reduce longer-term structural deficits.â
My immediate thought was, why not ask for a pony, too? After all, the G.O.P. isnât interested in helping the economy as long as a Democrat is in the White House. Indeed, far from being willing to help Mr. Bernankeâs efforts, Republicans are trying to bully the Fed itself into giving up completely on trying to reduce unemployment.... My sense is that most Americans still donât understand this reality. They still imagine that when push comes to shove, our politicians will come together to do whatâs necessary. But that was another country.
RTWT.