Zakaria's view seems to be that, with the massive bailouts of both banks and corporations by governments, the "right" became terrified of the potential of a tsunami of socialist policies and governments, mobilized and generated movements like the Tea Party in the U.S. and he may be right.
However, it was his own interview with Gene Sperling, the Chief Economic Advisor to President Obama, that pointed to the untentable approach of the Republicans in the House of Representatives, in blocking the jobs bill that Obama sent to Congress, and the failure of the Paul Ryan budget proposal, not only NOT to increase taxes on the wealthy, but actually to lower taxes on all income groups, along with the balanced proposals of the by-partisan Simpson-Bowles committee and his hope that a different attitude and spirit will accompany the coming confluence of factors about to strike in late 2012.
- the expiration of the Bush tax cuts
- the onset of the required budget cuts, should sequestering become activated, given a lack of a compromise solution on debt and deficit cutting between the Congress and the White House
- the reaching of the declared debt limit raising the spectre of a closed government should an agreement not be reached before
And we heartily concur with Cosby!
Is the left finally going to come into its own, given the volume and the persistence of the cacaphony of the right-wing neo-cons that has saturated the public discourse for the last decade?