As Paul Krugman pointed out yesterday, the more market fundamentalism fails, the more vigorously it seems to be embraced. Bipartisan compromise now consists of agreement between the center-right and off-the-deep-end psychocapitalists. I honestly don’t see a way out of this self-defeating feedback loop given our current political environment.
Before I wrote this cartoon, I was actually thinking of doing one that showed Republicans praising FDR the way Obama has praised Reagan, just as Krugman mentioned (hey, great minds think alike!), to show how ridiculously improbable that would be. Also, is it just me, or shouldn’t more people be freaking out about Ron “End the Fed” Paul overseeing the Fed? I dunno, maybe not enough Americans understand what the Fed is.