Republicans Bail on Spending Bill

I guess this one is all Obama's and the Democratic Leadership. It will either make him a hero or a goat. History has not been kind to Keynesian economic policy. But, perhaps, the old saying is true: "Those who cannot remember the past are condemned to repeat it." -- George Santayana

If and when this fails, I see Obama wrapping himself in a sweater, like Carter, and talking about a "national malaise"... Then history will really be repeating itself. Won't happen for a couple of years. But, if history is our guide, businesses won't hire in 2010 when the tax rates go back up. Government demands for universal healthcare will take their toll. There will be more unemployed. And, if they aren't unemployed, they'll be "self-employed," since businesses will use temp agencies to fill vacancies. Make work public projects will kick in for those that can't go the independent contractor route, and commodities will go through the roof. All of which leads us to a televised "national malaise" speech, where it's not the government's fault, or that of it's economic policies. But, rather, the people's fault for not being upbeat about their prospects.