I think the leadership of the GOP, whoever that might be right now -- let's call it John Boehner 'cause he's trying to lead -- is worried about losing in 2014. Boehner seems worried about not even being speaker. You have to figure that he and the party minions have figured out that if they can't sweep when unemployment is almost 8% they aren't ever going to sweep. The idea of throwing us into another recession where unemployment goes to 9% isn't necessarily a winning strategy if it didn't work at 8%.
So, rational people would argue that you have to eliminate the Outlaw Josey Wales factors. I say factors, because some of them have to do with social issues, which lost the votes of women. I don't know if the GOP can ever stop single-issue candidacies.
But the major Outlaw Josey Wales factor has to be dealt with, which is the perception that no matter what, rich people must not pay more taxes. That tenet, I believe, made it almost impossible for anyone who doesn't make a lot of money to vote GOP.
Put simply, the Tea Party were perceived as class warriors, not the Democrats. They were perceived as warriors carrying the plutocracy banner. The presidential candidate didn't help because I think the vast majority of people, including the considerable number who pay little or no federal income tax, can't believe that he paid little or no federal income tax.These people are lost to the GOP. They went Democratic. So here's what all of this comes down to. Does the GOP leadership realize that running on the principle that the rich should never have to pay more taxes is a loser? Does the leadership recognize that 90% of the country is being sacrificed for the right of the 10% to pay less? Forget ideology. Forget what the government does with the money. Forget the bloated budget. Accept that without compromise we will fall over the fiscal cliff and back into recession and it will be man-made because the losing party didn't adjust.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV