We are ruled by charlatans and cowards. Our economy is in the tank, we know what to do about it, and we're just not going to do it. The charlatans prefer instead to stand by and let people suffer because that's politically useful, while the cowards let them get away with it because it's politically risky to fight back. Ugh indeed.The truly sad thing is that it's more politically risky not to fight back. David Plouffe aside, unemployment is going to have a massive effect on people's voting habits. They aren't going to give a tinker's damn about deficits or debts if the employment situation doesn't improve.
Hell, the only reason they care about either debts or deficits at all now is because a large part of the public has been convinced that cutting the deficit will help the job situation. It won't. Even the terrible economists grant that it won't. It still doesn't matter. If people are still lacking jobs, they'll "toss the bums out" no matter how solvent the government is. The politically wise move is not to give in.
Good luck convincing Washington Dems of that, though. They'll keep on following that deficit drumbeat right off the cliff, with Obama at their head. Some nutter like Bachmann will get the reins. Then the fun will TRULY begin.