Spengler provides a good description of the Tea Party and their effect on the election:
In its first electoral outing, America’s Tea Party helped shift the political balance. It would be incautious to view it as a passing expression of voter frustration. On the contrary: spontaneity and inexperience held the Tea Party back from harvesting the political support that should come to it. If the Tea Party does a better job of screening and prepping candidates – or the Republican party has the good sense to adopt its program – demographics and rational interest will make it an even stronger force as time passes, and an obstacle to a new inflation cycle.
Spengler believes that demographics will be an obstacle to a new inflation cycle and makes a case for same. I think he is correct, especially long-term. Unfortunately, I believe there will be a hyperinflationary collapse before sanity asserts itself. Washington is insolvent and dysfunctional. They will do whatever they believe will help them survive and that is continued stimuli, quantitative easing and the like. That is all they know. It is also what they have conditioned the people to believe must be done. They are not willing to commit political suicide by stopping. Instead, they will commit “murder by voter” when a hyperinflationary collapse is apparent.
Spengler’s read is worthwhile, especially to understand the amazing accomplishments of a disorganized, unpolished Tea Party. Their success is indicative of the underlying fear and anger in the country.
I think the Tea Party movement is more than merely an old people’s movement. Stopping inflation and the destruction of the country is just as appealing to the young as the old.
H/T to reader SG for the alert.
