MSNBC

Red's the designated Republican color, but the shades used for Wednesday’s GOP debate have never been glimpsed in nature. Ranging from scarlet to carnelian to a kind of raspberry-magenta blend, they would have induced psychosis in any self-respecting interior designer. They made the set look like a cross between Pee-Wee’s Playhouse and a Betsy Johnson dress catalog from the 1990s. And when the camera pulled back to reveal a stars-and-stripes pattern my first thought was, What have you done to my flag?

Come to think of it, that was my last thought, too.

The unearthly tones were appropriate, since the candidates seemed to be speaking from another planet. They certainly weren't on this one, where tax breaks have produced no jobs and deregulation's destroyed both the economy and the Gulf of Mexico.. But then, they weren't selling reality. They were offering a free-market science-fiction story, with special-effects economics that could have been designed by Industrial Light and Magic. Their reality is not yours, or mine, or that of most Americans.

But you know what? It may not matter. Sure, they were pushing economic hocus-pocus. But that hocus-pocus has cast its spell before. If aggressive steps aren’t taken to fix this economy soon, one of those candidates may be our next President.

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On most issues Lawrence O'Donnell is on the side of the angels. But O'Donnell, who held senior staff positions on Capitol Hill during the 1990's, is one of many Democrats and liberals who think the way to fix today's problems is by recycling yesterday's solutions - even when those solutions didn't even fix yesterday's problems. Nostalgia for the great compromises of the 90's is going to sink the Democratic Party, not help it. More importantly, it will lead to the wrong policy decisions.

Nowhere is this more evident than in the current deficit debate. When O'Donnell accepted Esquire's challenge to create his own "deficit commission," he was already reinforcing the mistaken idea that deficits are the nation's number one concern. I hosted The Young Turks broadcast (America's #1 online news show, I'm told!) for three days this week. The clip below shows O'Donnell's last comments on the deficit debate, along with our comments.

The short version of our reaction? Lawrence, we love ya, but you're completely wrong on this one. And this is exactly the kind of thinking that will drive us over a cliff if we stick with it:

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I found a clip of yesterday's MSNBC appearance purely by accident. It had been posted by one of those automated advertising websites that scour the Internet for clips related to their product line, which in this case was - I kid you not - "Senior Dog Health Problems."

Is the universe trying to tell me something? more »

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