Downgrade Diary: Waiting for the Return of the Old Gods

Downgrade Diary: Waiting for the Return of the Old Gods
That's the real message of the election: There is no electoral majority of any significance either for either stimulus economics or cutback economics.
Obama has no mandate; he merely was better in rousing his base for one day.
Romney, even if he had squeaked out a "victory," would have had no backing for trying to reverse our headlong plunge toward the abyss.
We don't have the vision and/or guts to make the choices that could save us; so the crash will come.
Maybe there isn't a way.
Maybe we've gone too far; maybe as has been said democracy ends when 50.1 percent of the voters realize they can plunder the rich and the public treasury.
Maybe the mass delusion that we can magically create wealth is too widespread.

My main consolation is that the change will uproot many of the delusions that have sprouted up.
My main fear is that history shows this is never, ever, a peaceful process.