British Prime Minister Liz Truss will go down in history as the shortest lasting government in British history, 45 days, and now, there is talk of former Prime Minister Boris Johnson, who was a true disaster, and too much like Donald Trump, might come back to office.
The Conservative Party of Great Britain is in free fall, but they do not have to call for a new election for two years, so difficult times are ahead, whether or not Johnson returns to power!
But yet, the Republican Party in American politics seems ready to go down as the British equivalent of an economic disaster, if they gain control of either or both houses of Congress in the Midterm Elections of 2022!
Liz Truss tried to follow the old “supply side Economics” of former Prime Minister Margaret Thatcher, copied by former President Ronald Reagan. The goal was to lower taxes on the wealthy, and cut social spending, and it hit the middle and lower classes in both Great Britain and America hard in the 1980s.
The national debt tripled in America, and there was lots of corruption in the Reagan Administration, but it is glorified by conservatives, who also loved when George W. Bush and Donald Trump gave even more massive tax cuts to the wealthy.
So if Kevin McCarthy and his ilk gain control, they will promote more tax cuts to the wealthy, while setting out to destroy the Affordable Care Act (ObamaCare), Social Security, Medicare, Medicaid, and Veterans’ benefits.
So while there are troubles with inflation, if the American people vote in a Republican Congress, they will discover the disaster that Great Britain is now experiencing!