The author is exactly right. Many of the videos, articles, and reports coming out of the US are bordering on the positively lunatic. Are those people in the tea party for example taking too much medication or have they simply forgotten to take it, devolving themselves and their followers into a downward spiral of mass psychosis?
This article an hilarious funny take by someone who visited there recently. Abbott here is an Australian aberration, a voter mistake soon to be corrected. In the US though Abbott would fit in quite nicely in it's lunacy. He'd probably have a long political career, maybe even end up as president. I mean FFS they voted for Bush and all.
No problem with resistance over there though…the Tea party, with its evangelical claptrap and its Reaganistic mantras has captured the mind of Middle America and gets prominent air time on Fox.
This forces opposing cable and free to air media to give additional airtime to issues so trivial, they appear as major news items.
Free to air networks seem somewhat confused by what their viewers want to hear and what is real. The result is broader confusion for everyone where the truth is so distorted it is lost in the mire. Truth and fact have become what one believes rather than what one knows.
Economically, the last six years of quantitative easing has rescued America from serious decline. Every argument against a sovereign monopoly issuer using its own currency to inject massive amounts of cash into its economy in times of crisis should be consigned to the scrap heap.
It has worked to restore an economy that was in free fall. It has restored America back to growth, albeit tenuously and one still not out of trouble.
That improvement, despite much of the issuance being diverted to a now seriously over valued stock market, once more demonstrates the wisdom of Labor’s stimulus program here in the wake of the GFC, where the money went straight into individual bank accounts.
Yet if you ask the man or woman in the street here, who they think is the better economic manager, they will likely say the LNP. It defies all evidence to the contrary. The recent budget, conspicuous for its lack of stimulus beyond a puny effort to win votes with the small business community, is doomed to failure. It has no answer to unemployment. more
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