Why do Democrats point
back to the Bush administration so often? Because the Republicans
seem to have forgotten everything that they should have learned about
that economic history. Or, for whatever excuse, they misrepresent
that history, either by ignorance or for raw dishonesty.
Personally, I think that
everyone should vote against most Republicans based on the threat of
a Teaparty victory. I see their “desired programs” as “dire
consequences.” The Teaparty has already taken over the Republican
party so completely that their convention hardly mentioned “Teaparty”
even though that was the ideology fixed in the Platform. After the
sweep of 2010, Republican states worked on the TP agenda, starting
with state laws that are anti-abortion, anti-union, and anti-public
school. Oh, let us not forget, wide-spread efforts for “voter
suppression” for 2012. It is at the national level that they act
against the social contract of the last 200 years.
Extending now to
the national level, the Teaparty agenda intends …
- a continuation of GOP
imprudent refusal to face up to climate change;
- the repeal of our
relatively new-found rights like clean air, clean water, safe food,
safe jobs, control of epidemics ... by abolishing or de-funding
government regulatory agencies (with the excuse of fixing the
deficit);
- further degrading of
school standards – schools have long been under assault by
Creationists and homophobes – under the guise of “school choice”
and home schooling (this works in part by dis-empowering teachers'
unions);
- more reversal of the
gains since 1960 for women's autonomy (including access to birth
control and abortion);
- a return to “get
treated in the Emergency Room when your cancer turns critical” as
the US standard of compassionate medical care;
- appointment of
Supreme Court Justices whose “strict construction” will eliminate
Roe v. Wade as the bare beginning to rolling back regulation and 200
years of rights (laying a legal rationale to the deficit-reduction
excuses mentioned above).
That's what I come up
with in a couple of days of musing. I find it unlikely that
President Romney could veto bills that a Congress sends him that
implement these attacks on the social contract of the last 200 years.
Norquist (anti-tax, anarchist) says, “Just give us someone with
fingers that can hold a pen to sign the bills.” The Teaparty is
reason enough to abandon him.
Ignoring all that, polls
say that some people want to trust Romney with the economy. And not
just because “Obama's is doing poorly” but because they believe
something positive.
To choose Romney because
“he is better on the economy” is, I think, less a consequence of
logic than misplaced trust in false authority. For most of their
argument, they use hand-waving and misrepresentation of the present
and recent past. Paul Ryan (also, Ron Paul) cite economic theory
from the 1930s in place of modern economists, theory, data, and
experience; but their policy details hardly vary from “supply
side.”
Supply side theory has
lost its intellectual credibility so thoroughly that the term is no
longer mentioned by Republicans – Its theory has shrunk to
a slogan that Clinton disproved in 1994, "You don't want to tax
the job creators." Yep. Contrary to their most fervid
predictions of catastrophe, Clinton's taxes gave us growth and
the promise of budget surpluses... surpluses that W. wasted, first by
intention and then by incompetence. W. promised, explicitly, that
his tax cuts would raise workers' wages, and that did not happen
either – The Keynesian stimulus from huge deficits bred slow
growth, gains in the stock market, increases for executives' wages,
but no gains for workers. Then came the deregulation-crash that
ended his term and many millions of jobs.
Check the fact-checkers,
but be sure to read their details:
"The fact checker"
column by Glenn Kessler in the Wash. Post of Sunday, Oct. 7, gives
both Clinton and Obama “3 Pinocchios” (out of 4), and asks that
they “retire this talking point,” that "trickle down
policies" led to the economic crisis. He concludes,
We
nearly made this Four Pinocchios but ultimately decided that citing
deregulation in conjunction with tax cuts kept this category out of
the “whopper” category. Still, in his effort to portray Romney
as an echo of Bush, the president really stretches the limits here.
Okay, here are details
offered by Kessler. He does accept that Romney seemingly will create
a huge deficit, and that there is no evidence that he can offset the
tax cut for the rich with a repeal of deductions for the rich. That
surely echoes Bush.
On the other side, he
says that Romney does not echo Bush because some of the deregulation
happened under Clinton, including the “repeal of Glass-Steagall law
that separated commercial and investment banks.” Thus, those were
not simply (or solely) policies of Bush. – That seems largely
irrelevant to me, except that it suggests a counter-narrative that is
even more potent. Namely: Okay, Democrats proved that they were
willing to try deregulation. They are not knee-jerk “anti-business.”
Especially since the crash, Democrats look at evidence of
cause-and-effect and want to reverse course because of the consistent
testimony, … but Republicans won't change. It is surely true that
Bush and Republicans embraced that de-regulation before, and that
they still do. Thus, those are Bush/ Republican policies that
are being echoed. They own them by adoption, if not by birth.
Another point: Kessler
thinks it is important that “tax cuts” alone did not cause the
crisis... but I think nobody has ever claimed that. The
citations he began with each mentioned deregulation. However, the
tax-cut created deficits are not irrelevant. Kessler quotes these
words and then goes on as if he never read them –
Obama
campaign deputy press secretary said that “the tax cuts contributed
to the crisis in multiple ways, including by driving up the deficit,
....”
If Bush had continued
Clinton's taxes (and Clinton's surplus), there could have been
serious thought for a larger stimulus plan, without the long term
deficit looming so dire. Claiming huge, magical gains from tax cuts
is entirely an echo of Bush (and Reagan!), as is the claim that the
middle class would be the people who would see the benefits.
-The Bush cuts are
still in effect – if they
work, why aren't they working? Among tax proposals that economists
expect will create jobs, income tax cuts for the rich rate near the
bottom.
- Hand-waving: It is a substantial misrepresentation when Romney does not credit the stimulus with saving 3 million jobs. It is a substantial misrepresentation when he ignores the fact that projections, “predictions” by the Obama economists made before he took office, were skewed to the favorable side because the crash was worse than everyone imagined … the December numbers on jobs were worse than reported, and weren't fixed until June. On rare occasions, Romney has admitted that the recovery was about as good as expected, so this is phony hand-waving rather than simple stupidity or ignorance. (Which fault is a more serious?).
Romney
has plenty of concrete promises of rosy outcomes. The policies
remain the Teaparty promises: no new taxes (more cuts); deregulate
Wall Street; deregulate polluters; fire government employees; abort
the incipient regulation of health insurance.
This
boom is supposed to appear because of a joy-of-austerity, joy of the
promise of dirtier air, joy of lost medical care. And despite the
sucker-punch of a million lost government jobs in regulating,
teaching, etc.
If
the Teaparty is not enough reason to reject Romney, his incoherent
imitation and exaggeration of Bush's economics ought to be.