THE GILDED AGE VS. THE 21ST CENTURY
BY E.J. DIONNE, JR AT TRUTHDIG:The 2012 campaign began on Aug. 2, 2011, when President Obama signed the deal ending the debt-ceiling fiasco. At that moment, the president relinquished his last illusions that the current, radical version of the Republican Party could be dealt with as a governing partner. From then on, Obama was determined to fight—and to win.
It was the right choice, the only alternative to capitulation. A Republican majority both inspired and intimidated by the tea party was demanding that Obama renounce every principle dear to him about the role of government in 21st-century America. And so he set out to defeat those who threatened to bring back the economic policies of the 1890s.
Now, it’s up to the voters.
Obama took the oath of office before a vast and euphoric crowd, but as he raised his hand, he was inheriting an economy worsening by the day. And he was about to confront a Republican Party that took its setback as an imperative to radicalize.
MORE AT THE LINK