As the stock market soars past its previous records (Obama: worse socialist ever), ThinkProgress shows a whole bunch of conservative financial types during last year’s campaign declaring that if Obama won reelection, the markets would tank because of his terrible socialist policies. Here’s Stuart Varney of Fox Business:
But that’s just the usual crap about the Democrats being bad for business and Republicans being good for it (being good for the bottom line of some rich people and corporations is not the same as being good for business and the economy). The real fun comes with all the crazy predictions that will never turn out to be true from the serious wingnuts. I actually have in mind another book to do after I finish the one I’m working on, about the paranoid right’s terrible track record of predicting the future.From the New Deal to the present day, the right is always making these terrible dystopic predictions that never, ever come true. Social Security was going to turn us into a Soviet-style communist state; joining the United Nations (and before that, the League of Nations) was going to lead to a tyrannical one-world government; the Chinese (or the United Nations, or both together) are perpetually, it seems, on the verge of invading America and taking over; the Muslims are going to take over the country and institute Sharia law; and so on, and so on, seemingly without end. It would be interesting to chronicle that entire history, as a sort of update to Hofstadter’s The Paranoid Style in American Politics. Because no matter how often their frightening predictions are wrong, it never occurs to them that maybe the new one are wrong too.