Think of this as Volume 16, Number 50 of A-Clue.com, the online newsletter I've written since 1997. Enjoy.
What I have learned, through my study of American history and its cycles, is that disgraced Power, a combination of Myths and Values created in an earlier time, never takes responsibility for the excess that results from its abuse of that power.
There were never Confederates who could admit in their hearts that maybe Lincoln had a point. There were never Populists who accepted the idea that an organized, regulated economy would bring prosperity, that it was the right way to go. Republicans who opposed the New Deal went right into fascism, either excusing Hitler or embracing him, while few Democrats who fought Nixon ever saw that, maybe, he had a point about the Cold War and the need to maintain social peace through discipline.
So it should be no surprise to me that my readers at Seeking Alpha and TheStreet.Com, who are mostly firm believers in the Nixon Thesis, and who supported the excesses of George W. Bush each step of the way, are more than a little reluctant, even now, to see any error in their ways.
I was slapped in the face by this realization when the following was rejected by Seeking Alpha. Plenty of similar commentaries, from Republicans, about the "Fiscal Cliff" and the issues of the budget had been published. One, most memorably, was titled "Has Paul Krugman Gone Too Far?" Yet this was deemed to be overly political.
Lesson learned. If you want to speak truth, do it on your own time. My view on the matter is contained in the headline at the top of this. The piece, as submitted, follows: