Democrats wanted a bigger stimulus, but couldn't overcome Republican opposition. The recovery effort, then, was less successful, leading to a bizarre dynamic -- political rewards for those who were wrong, political punishment for those who were right. Those who screwed up the most before, during, and after the crisis are the same folks strutting around, proud as can be, unaware and unconcerned about how foolish reality makes them look -- because they're winning.
Now just apply this dynamic to nearly every practical policy question and you will have a pretty accurate picture of the shape we're in, from financial regulation, environmental protection, tax policy, budgetary priorities, harm reduction, diplomatic relations, public investment, you name it.
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