| The Tea Party tsunami and US fiscal deadlock |
| The failure of the “Super Committee” last year to reach a budget deal underscored the underlying wedge in US politics. The distribution of the electorate through most of the post-1945 years has been a dominant centre, slightly to the left or right of centre. This enabled legislative compromises to be reached with relative ease. But, writes Alan Greenspan, a political tsunami has emerged out of our past in the form of the Tea Party, with its ethos reminiscent of rugged individualism and self-reliance. That was a dominant force for over a century, but has faded since the New Deal. http://link.ft.com/r/G8OTZZ/ |
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Tuesday, January 3, 2012
The Tea Party tsunami and US fiscal deadlock
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