When you subscribe to abject failure, how do you defend it?

[Wetzelbill]

Trapped in the throes of a radical economic ideology that has proven to be an utter failure and disaster, it's become partially entertaining watching Republicans trying to defend the indefensible.

So Republican economic ideology has led us to the brink of Depression?

Well this is a Democrat(ic) scandal, brought about by policies Jimmy Carter put into place over thirty years ago. Oh and Dems love Fannie Mae and Freddie Mac! Oh and they've been in power for over two years now! Really they have!

And watching the rank and file on youtube is great too.

The bailout plan?

One youtube genius writes that Bush actually tried to do something about AIG a few years ago but Dems stopped him. Oh ok, I got that, sure like that's viable.

McCain's mortgage plan unveiled in the last debate was laughed at by people on all sides of the spectrum?

Another youtube genius replies: "At least he's not going to raise capital gains taxes." Ouch. That's a helluva a zinger. Totally pertinent to the whole conversation too. And we all know this philosophy has worked so well for the last 8 years, let's just keep the Bush economic policies in place. They're Depression-ly fantastic!

Now, as I said earlier, this is partially entertaining. I say "partially" because not only do these people really believe this stuff works, but at least one party in our country still believes it does. They don't really think they've done anything wrong. Facts don't matter to them. And the media still frams the economic debate to the Right. They still treat supply-side, laissez-faire economics like it's a viable way to govern.

It's not.

So I have to wonder if 8-12 years from now, will we (meaning the US) have learned the right lessons from this debacle?

Right now, it doesn't seem we have, even as it stares us in the face.