What’s up is down

YES, US Democrats are down.

Back at Harvard recently, I witnessed the humiliating defeat of the Democrats at this November’s mid-term elections. Most experts at Harvard and Wall Street were unconvincing in telling me why the Democrats lost so badly. At a time when the economy is doing well, while Republicans had been so completely wrong about almost everything. Even my friend Nobel laureate Paul Krugman was down – could only say: “… the Republican triumph surely lies in the discovery that obstructionism bordering on sabotage is a winning political strategy. This was, it turned out, bad for America but good for Republicans.” What most voters felt was that “… the man in the White House wasn’t delivering prosperity – and they punished his party.”