If capital formation and corporate gain are at millennial high records, how much farther can government "get out of the way" of business, and where is the accordant growth that should supposedly have followed from higher profits? The argument that profits are not high enough to spur growth is simply ludicrous. Lamenting the "sequester" is evidence that it is severe enough to work as intended (as a time-certain requirement to face budgeting decisions), an opinion to which the frantic media frenzy about economic issues, I argue, attests. I try to clarify to my friends that it is the middle-class part of the Bush tax cuts that are the "cliff" at which we stand.
I am mystified by the underestimation of our ability to do both dependable deficit reduction and reallocation of resources to meet urgent (infra-structural) needs simultaneously. I am convinced that the greatest societal "awakening" in decades can be expected if we encourage it (small business tax credits are part of the Affordable Care Act, education grants and institutional reform will endow our future with promise, consumer protection agency will protect us from catastrophe, the $3000 of yearly middle-class tax relief can be detached from unnecessary high-end Bush reductions) and it cannot be denied that this President's policies have empowered us to achieve great things.
What the Republican argument against the Affordable Care Act proposes, unless I'm mistaken, is reproducing (sending back to Congress) the very combative process which has diminished public opinion about Congress in order to do mostly the same stuff (?).
Isn't the objection to compromise evidence of incompetence or is it just spiteful flirtation with nihilism? If we are the government then why should we endure self-inflicted wounds?
As Olympia Snow suggests, I wonder how the communications technology that has excited our competitive partialities can also encourage/facilitate cooperation?
1. we are recuperating, 2. Europe is restructuring its economic architecture, 3. ascending business competitors have now slowed, 4. energy-markets are as relatively stabilized (manageable? speculation fees notwithstanding) as possible, 5. our preemptive foreign meddling moderated by both leadership and circumstances; so, I think that people feel an easing of anxiety and can recapture former optimism (innovative "space" for finding growth-enhancing measures). Therefore, as has been assumed before I fear, the sustained negativism of the political right-wing will be its undoing.