We've got yet another TIME columnist who seems to think that it's just the Republicans that prevent government from making good policy decisions.
She makes a very good point highlighting the problem between 2 and 4 year election cycles and the fact that business cycles and policy making have shelf lives that are far longer and how that mismatch creates suboptimal responses from politicians. But she never references the Democratic representatives and twice references Republican legislators when making her argument.
Here are the relevant bits:
But Washington exists on a different planet than Wall Street and that planet has different laws of gravity. The first law is that while finance is global, politics is local. Wall Street looks at Europe and sees what three years of delays and half measures in dealing with the Eurozone budget crisis has wrought — another recession. Surely, the thinking goes, leaders in Washington won’t let that happen here. But a new set of possibly more conservative House Republicans isn’t looking across the Atlantic, but to their home districts, where they’ll be facing the next round of primary elections in two years.
The biggest drivers of Federal spending have been Medicare and Medicaid. And yet it's the Democrats who remain most intent to prevent any meaningful reform to those two programs. If the Republicans are intransigent on the revenue side, the Democrats are equally stubborn if not more so on the spending side. Politicians working on four-year election cycles have little impetus to make those changes fast enough or thoughtfully enough, as the last few years have shown. Indeed, a new batch of arguably more conservative Republicans in the House has even less impetus than they did before the elections, which took the number of crossover districts down by half.