Paul Krugman’s on a roll:
The G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want. Why expect it to be more reasonable in the next round?
In fact, Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.
I’m pretty sure that Obama’s not getting re-elected. I don’t see how he’ll be able to garner enough support from the actual left that elected him in 2008, since he has repeatedly demonstrated an inability and apparent unwillingness to pursue anything but an extremely conservative agenda.
Regardless, I don’t think the results of the 2012 election will significantly affect the next term: the modern Republican party controls the country’s policy and all mainstream political discourse extremely effectively, even when they don’t hold the presidency or a congressional majority.
I have no idea what the Democrats are trying to do, generally. The only coherent message they’ve put forth in the last decade is “We’re not the Republicans.” Not only is the accuracy of that sentiment questionable, but it’s not working.