Feel that splash of ice water on your face? Good. Brings everything into sharp focus, it does. I see that you finally got the picture.
Even before the polls closed, the White House was suggesting the outlines of a recovery strategy, a combination of a more populist tone and an embrace of greater fiscal responsibility.
Mr. Obama has signaled that he intends to take a more populist stance on financial regulation legislation in Congress, seeking to position Democrats as defenders of the people against Wall Street, and to cast Republicans as defenders of bonus-laden bankers. And on Tuesday night, the White House brokered a deal that could lead to a bipartisan commission to recommend spending cuts and tax increases to address the nationâ€™s fiscal condition. For months, Mr. Obamaâ€™s advisers had warned that the perception that budget deficits and the national debt were spiraling out of control was alienating independent voters already turned off by partisan battling.
Of course, all the talk above is just that, talk – The message. Considering that the majority of the stimulus was to sustain state spending and expand the federal government, there may be no real improvement in the economy under the Democrats benevolent hand.
By the way, good luck with the casting of “Democrats as defenders of the people against Wall Street, and to cast Republicans as defenders of bonus-laden bankers”. The Republicans should put up pictures of Timothy Geithner offering up wheelbarrows of cash to AIG, Chris Dodd’s Irish Cottage and Barney Frank making kissy-face with Fannie and Freddie at every opportunity.
Meanwhile, as the tide seems to be turning, please keep pressure on our side of the aisle to keep to the principles of fiscal responsibility.
Like Michelle Says.
One more cautionary note: Tonight is unquestionably a night to celebrate. But remember to manage your expectations, as always, of all politicians. Youâ€™ll be less disappointed when they inevitably let you down.
Preach it, sista!