If I Said I’m Thankful for the Wisdom of the American People, Would You Think I’m Crazy?

Richard J. Eskow in Campaign for America's Future:

ScreenHunter_11 Nov. 26 10.59 Before everybody starts shouting about the foolish choices the public keeps making — Tea Parties and Republican victories, or that lame fashion trend of wearing tights without any pants, or the fact that Dollhouse got cancelled[2] but Dancing With the Stars is still popular — listen to this:

The American public would rather raise taxes on the wealthy than cut Social Security. They want to protect Medicare from future cuts and ensure that the college loan program remains intact. They think Congress should focus on creating jobs and fixing the economy, and deal with deficit spending later. They'd rather see politicians support a “made in America” program than vote for more free trade. They want to see significant investment in infrastructure and want to end tax break for the wealthiest 2 percent of Americans.

And that's not all. By enormous majorities, the public want to do more to reign in Wall Street, spend more to end poverty, and ensure that everyone has access to health care. When it comes to the issues, this country is overwhelmingly progressive, overwhelmingly pro-government, and overwhelmingly in favor of doing the things we need to do to build a better society.

But wait, as the late night TV ads say. That's not all. The public's preferred prescription for the nation — higher taxes for the wealthy, more infrastructure spending, preserved or expanded social programs, reigning in the bankers who wrecked the economy — is exactly what most economists think is needed to improve our financial picture. Once in a while that “wisdom of crowds” thing works. Now that's something to be grateful for.

More here.