Paul Krugman wrote this in his The New York Times column yesterday:
Fidesz won an overwhelming Parliamentary majority last year, at least partly for economic reasons; Hungary isn’t on the euro, but it suffered severely because of large-scale borrowing in foreign currencies and also, to be frank, thanks to mismanagement and corruption on the part of the then-governing left-liberal parties. Now Fidesz, which rammed through a new Constitution last spring on a party-line vote, seems bent on establishing a permanent hold on power.
Krugman is talking about the current sovereign debt crisis in the European Union and its effect on Hungary, but there’s a ring to it. Let’s see if it can be domesticized….
[The Democratic Party] won an overwhelming [Congressional] majority [in 2008], at least partly for economic reasons; [the US] isn’t on the euro, but it suffered severely because of large-scale borrowing…and also, to be frank, thanks to mismanagement and corruption on the part of the then-governing…parties. Now [the Democrats], which rammed through [Stimulus Bill of 2009, Obamacare, Dodd-Frank] on…party-line vote[s], seem bent on establishing a permanent hold on power.
Sound familiar?