Friday, July 15, 2011

Krugman on the GOP: "Wake up and smell the crazy!"

Sorry - no Bachmann pic for you!  Too easy.
In response to late-comers,  like his colleague at the New York Times David Brooks, who have recently taken to lamenting the obvious insanity and extremism of a "Tea Partyized" GOP that most notably has shown itself unwilling even to discuss minor increases to revenue during the debt ceiling confrontations, Paul Krugman notes that this has been a long time coming.

Worse,  a lot of the folks currently freaking out at "the crazy" have been enablers of the GOP's descent into madness.

Extreme positions - like the Paul Ryan's scheme to kill Medicare - have been praised inside the Beltway as "serious" rather than crackpot. And too many among the punditry have persisted in the extreme laziness of persistently finding "both sides" somehow sharing the blame for whatever issue is under discussion, rather than examining polices in depth and weighing the impact of differences between Democrats and a GOP driven largely by Tea Party politics on the ground and the economic elite at its upper levels.  Krugman calls "BS" -  not just on the extremism of the GOP, but on an atmosphere that has enabled them:

A number of commentators seem shocked at how unreasonable Republicans are being. “Has the G.O.P. gone insane?” they ask...

Anyone surprised by the extremism and irresponsibility now on display either hasn’t been paying attention, or has been deliberately turning a blind eye.

And may I say to those suddenly agonizing over the mental health of one of our two major parties: People like you bear some responsibility for that party’s current state...(Ouch!  Mr. Brooks? - ed)

(Republicans) are threatening to force a U.S. default, and create an economic crisis, unless they get a completely one-sided deal. And this was entirely predictable.

First of all, the modern G.O.P. fundamentally does not accept the legitimacy of a Democratic presidency — any Democratic presidency. We saw that under Bill Clinton, and we saw it again as soon as Mr. Obama took office.

As a result, Republicans are automatically against anything the president wants, even if they have supported similar proposals in the past. Mitt Romney’s health care plan became a tyrannical assault on American freedom when put in place by that man in the White House. And the same logic applies to the proposed debt deals.

Put it this way: If a Republican president had managed to extract the kind of concessions on Medicare and Social Security that Mr. Obama is offering, it would have been considered a conservative triumph. But when those concessions come attached to minor increases in revenue, and more important, when they come from a Democratic president, the proposals become unacceptable plans to tax the life out of the U.S. economy.

Beyond that, voodoo economics has taken over the G.O.P.

Supply-side voodoo — which claims that tax cuts pay for themselves and/or that any rise in taxes would lead to economic collapse — has been a powerful force within the G.O.P. ever since Ronald Reagan embraced the concept of the Laffer curve. But the voodoo used to be contained. Reagan himself enacted significant tax increases, offsetting to a considerable extent his initial cuts.

And even the administration of former President George W. Bush refrained from making extravagant claims about tax-cut magic, at least in part for fear that making such claims would raise questions about the administration’s seriousness.

Recently, however, all restraint has vanished — indeed, it has been driven out of the party. Last year Mitch McConnell, the Senate minority leader, asserted that the Bush tax cuts actually increased revenue — a claim completely at odds with the evidence — and also declared that this was “the view of virtually every Republican on that subject.” And it’s true: even Mr. Romney, widely regarded as the most sensible of the contenders for the 2012 presidential nomination, has endorsed the view that tax cuts can actually reduce the deficit...

(T)hose within the G.O.P. who had misgivings about the embrace of tax-cut fanaticism might have made a stronger stand if there had been any indication that such fanaticism came with a price, if outsiders had been willing to condemn those who took irresponsible positions.
But there has been no such price. Mr. Bush squandered the surplus of the late Clinton years, yet prominent pundits pretend that the two parties share equal blame for our debt problems. Paul Ryan, the chairman of the House Budget Committee, proposed a supposed deficit-reduction plan that included huge tax cuts for corporations and the wealthy, then received an award for fiscal responsibility.

So there has been no pressure on the G.O.P. to show any kind of responsibility, or even rationality — and sure enough, it has gone off the deep end. If you’re surprised, that means that you were part of the problem.

1 comment:

  1. It is the tiger's stripes coming forward or the wolf's teeth, or whatever metaphor I am mangling. Any kind of crazy is allowed, even encouraged, if policy debate has poor or middle-class Americans in its sights. But as soon as the Tea Party starts messing with the bond market, David Brooks finds his brain and can't believe how idiotic these people are. They don;t want to raise the debt limit, but they don;t actually have a budget proposal that doesn't require increased borrowing. They think 0-1=2. They don't know the meaning of words they use on national news programs. An alert five year old could see through the charade, but only now, when rich people's money is on the line, does David Brooks care.

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