Sunday, November 7, 2010

Another reason not to get too excited about the GOP victory

Gary North, the contrarian economist and writer for, says that incoming U.S. House Speaker John Boehner will sell out the Tea Parties. How? By promising that the GOP will repeal Obamacare. If it fails now, they will keep up the pressure in the 2012 campaign, and elect a Republican President and U.S. Senate. In 2013, they will repeal Obamacare.

And then replace it with something else that will also be a budget-buster.

The truth is, the Good Old Boys of the GOP's first loyalty is to the Bigs: Big Business, Big Pharma, Big Oil, and Big Banking.

There is only one way to keep that from happening. We have to keep their feet to the fire on balancing the budget and limiting powers to those provided in the Constitution. Constantly.

The next two years could be grueling -- but the alternative would be a lot worse.

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