Weiner’s roast, Palin’s belligerent ignorance, Gingrich’s implosion captivate Washington. Posturing over deficits and playing chicken over lifting the debt limit dominate the economic conversation. The reality facing Americans gets lost in the hubbub.
It is as if an impenetrable fog separates Washington’s follies from America’s agonies. In Washington, the economy is said to be in recovery. Restaurants are full; housing prices are going up. Republicans think it’s time to replay old conservative favorites: Curtail aid to the unemployed, roll back financial and health-care reforms, repeal what left’s of the stimulus while pushing to slash spending and taxes. The Obama administration wants to brag on the 2 million jobs created over the last 15 months, despite “bumps in the road.” The Democrats are so cowed by the elite’s focus on deficits that they are afraid to put forth a jobs plan. Outside of the scandal du jour, the city is fixated on how much and what to cut.
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