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The Italian Elections: It's Groundhog Day All Over Again

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It will be "Groundhog Day" until Berlusconi lets his party move away from his giant ego, and until the left realizes that Italians are done paying taxes to replenish the troughs of union bosses.

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The amount of nonsense coming through the airwaves concerning the Italian elections is staggering. Americans, and much of the rest of the world, have mindlessly bought into the hatred for Silvio Berlusconi hook, line, and sinker. What's lost on them is that a large plurality of Italians dislike the man almost as much as they adore his policies, and that's why he keeps rising from the political netherworld. As I suggested in In Favor of Italy's Berlusconi Resigning? Be Careful What You Wish For, before Berlusconi last resigned, the Mario Monti miracle turned out to be little more than getting into people's pockets almost overnight, to the tune of 0.4-0.76% of their primary asset -- their homes (nearly 75% of Italians are homeowners). He has done nothing else. That's not "policy" any more than the US' "money printing" exercise is.

In any case, everyone should relax because the chances of Berlusconi forming a government are slim, since neither Beppe Grillo or Monti will join up with him. What's crystal clear is that after Pier Luigi Bersani's Community Party was unceremoniously thrown out of Congress in the late 1990s, his game of 3-party-Monte (same people, different party name) hasn't fooled anyone. As is the case for Berlusconi, Italians are almost as sick of Bersani's policies as they are fond of him personally.

Italy will likely have new elections before the end of the year, and it will be "Groundhog Day" until Berlusconi lets his party move away from his gigantic and damaging ego, and until the left realizes that Italians are done paying taxes to replenish the troughs of union bosses.

(See also: If Mood Slides Again in Italy, Expect Berlusconi to Be Back in Office.)
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