..............................................................
Austerity Roulette
By Jason Stanford, June 18, 2012
Are Republicans trying to filibuster the economy into a double-dip
recession just to prevent a second term for Barack Obama, or do they
really believe Greek-style austerity is the way to fix the economy?
The real answer is, of course, “yes.” The modern Republican Party
wants nothing more than to defeat Barack Obama, and you don’t even need
to take my word for it. According to Senate Republican Leader Mitch
McConnell (R-19th Century), “The single most important thing we want to
achieve is for President Obama to be a one-term president.” Even with
McConnell’s bald-faced admission of obstruction at all costs, surely
only hard-core Democrats, Bill Maher, and Occupy Wall Street campers
believe Republicans were capable of such perfidy, right?
Wrong. According to a recent Democratic poll, 49 percent of all
registered voters believe the Republican Party is “intentionally
stalling efforts to jumpstart the economy,” down a tick from when they
asked the same question in November.
This doesn’t preclude the possibility that Republicans sincerely
believe in austerity, the belief that the way out of a famine is to
plant fewer seeds. It’s possible that Senate Republicans—who are
effectively controlling our economy by abusing the filibuster—believe
that government spending is impeding our recovery from a recession
caused by the private sector. As dumb as it sounds, Republicans might
really think that the way to fix a jobs crisis is to eliminate
government jobs.
If that were true, then Mitt Romney would have said it, which of
course he did. Speaking about Obama’s evil Keynesian intentions, Romney
said, “He says we need more fireman, more policeman, more teachers. Did
he not get the message of Wisconsin? The American people did. It’s time
for us to cut back on government and help the American people.” And you
know that he meant it, because Romney later went on Fox to deny he meant
what he said. In fact, he claimed that to interpret his words literally
was “completely absurd.” Romney might have a point about judging him by
what he says. The man opens his mouth, and Mitt happens.
Instead, we could judge Romney by what he did in Massachusetts. As
Governor, Romney tried to strip firefighters of their collective
bargaining rights, putting him to the right of Scott Walker, the
union-bashing Governor of Wisconsin.
Or we could listen to Romney’s surrogates. Former Hew Hampshire Gov.
John Sununu defended the Republican nominee by saying, “The taxpayers
really do want to hear there will be fewer teachers.” And former
Republican frontrunner Newt Gingrich summed up the sacrifices required
by Romney’s education policies with this comforting ditty: “Does that
mean there will be fewer teachers? The honest answer is yes,” he told
CNN’s John King. So maybe it’s not “completely absurd” to take Romney
literally.
And then there’s R. Glenn Hubbard, a Columbia Business School
professor and Romney advisor, who didn’t let a little thing like the
water’s edge stop him from attacking the President’s call for stimulus
spending on jobs. Hubbard wrote in a German newspaper that Romney
preferred to focus on “long-term confidence in solid government
financing” at the expense of “short-term business promotion”—in other
words, more real pain now for the ephemeral gain of confidence later.
The funny thing about Republicans calling for austerity is their
obstruction has, in effect, given us austerity. Already 600,000 public
sector jobs have evaporated, including thousands of teachers,
firefighters, and police officers, as well as garbage collectors, park
rangers and other Socialist bureaucrats. As a result, federal spending
under Obama is rising at a slower rate than at any point in the last 60
years. We’ve slashed government jobs by the hundreds of thousands.
Spending has ground to a halt. And still the economy stalls.
The GOP has a gun to our heads, demanding changes that have already
taken place but aren’t working, making it more likely Romney will win
and further implement what has already failed. God bless America.
Republicans might think that protecting tax cuts for the rich and
cutting spending for the rest of us will both help the economy in the
long term and hurt Obama in the short term, but Americans are the
collateral damage in their game of austerity roulette.
..............................................
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment