Monday, September 12, 2011

Poor america!

Dear World,

The following Steven Pearlstein column from the Sept 7 Washington Post paints the Republican party in a very bad light:

"Repeal the 20th century. Vote GOP."

http://www.washingtonpost.com/the-magical-world-of-voodoo-economists/2011/09/07/gIQARBiEIK_story.html

I agree with all of his sentiments, which I will summarize below. But before I do, I want to mention the worst bit. It isn't that this is what Republicans believe, it is that I haven't heard anything better from the democrats. Most of the press I see is (rightly) bashing the Republicans. But the Dems don't even get a mention. Don't they have any ideas?


Pearlstein writes that the Reps want to repeal basically all progress of the last century, including health care, financial regulation, environmental protection, labor/union protection, social security, medicare, Keynsesian Economics,

"In the Republican alternative universe, allowing an income tax cut for rich people to expire will “devastate” the U.S. economy, while letting a payroll tax cut for working people to expire would hardly be noticed. Cutting defense spending is economic folly; cutting food stamps for poor children an economic imperative."

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