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“If GOP Is So Right, Why Are Red States So Far Behind?”: Red States Are The Poorest States In The Country

I have a question for my Republican friends.

Yes, that sounds like the setup for a smackdown, but though the question is pointed, it is also in earnest. I’d seriously like to know:

If Republican fiscal policies really are the key to prosperity, if the GOP formula of low taxes and little regulation really does unleash economic growth, then why has the country fared better under Democratic presidents than Republican ones and why are red states the poorest states in the country?

You may recall that Bill Clinton touched on this at the 2012 Democratic Convention. He claimed that, of all the private sector jobs created since 1961, 24 million had come under Republican presidents and a whopping 42 million under Democrats. After Clinton said that, I waited for PolitiFact, the nonpartisan fact-checking organization, to knock down what I assumed was an obvious exaggeration.

But PolitiFact rated the statement true. Moreover, it rated as “mostly true” a recent claim by Occupy Democrats, a left-wing advocacy group, that 9 of the 10 poorest states are red ones. The same group earned the same rating for a claim that 97 of the 100 poorest counties are in red states. And then there’s a recent study by Princeton economists Alan Binder and Mark Watson that finds the economy has grown faster under Democratic presidents than Republican ones. Under the likes of Nixon, Reagan and Bush they say we averaged an annual growth rate of 2.54 percent. Under the likes of Kennedy, Clinton and Obama? 4.35 percent.

Yours truly is no expert in economics, so you won’t read any grand theories here as to why all this is. You also won’t read any endorsement of Democratic economic policy.

Instead, let me point out a few things in the interest of fairness.

The first is that people who actually are economic experts say the ability of any given president to affect the economy — for good or for ill — tends to be vastly overstated. Even Binder and Watson caution that the data in their study do not support the idea that Democratic policies are responsible for the greater economic performance under Democratic presidents.

It is also worth noting that PolitiFact’s endorsements of Occupy Democrats’ claims come with multiple caveats. In evaluating the statement about 97 of the 100 poorest counties being red, for instance, PolitiFact reminds us that red states tend to have more rural counties and rural counties tend to have lower costs of living. It also points out that a modest income in rural Texas may actually give you greater spending power than the same income in Detroit. So comparisons can be misleading.

Duly noted. But the starkness and sheer preponderance of the numbers are hard to ignore. As of 2010, according to the Census Bureau, Connecticut, which has not awarded its electoral votes to a Republican presidential candidate since 1988, had a per capita income of $56,000, best in the country, while Mississippi, which hasn’t gone Democrat since 1976, came in at under $32,000 — worst in the country. At the very least, stats like these should call into question GOP claims of superior economic policy.

Yet, every election season the party nevertheless makes those claims. It will surely do so again this fall. So it seems fair to ask: Where are the numbers that support the assertion? Why is Texas only middling in terms of per capita income? Why is Mississippi not a roaring engine of economic growth? How are liberal Connecticut and Massachusetts doing so well?

It seems to suggest Republican claims are, at best, overblown. If that’s not the case, I’d appreciate it if some Republican would explain why. Otherwise, I have another earnest, but pointed question for my Democratic friends:

How in the world do they get away with this?

NOTE: In a recent column, I pegged the indictment of Texas Gov. Rick Perry to his “Democratic opponents.” Though the indictment did come out of Austin, which is a blue island in the red sea that is Texas, I should have noted that the judge who assigned a special prosecutor in the case is a Republican appointee and the prosecutor he chose has, according to PolitiFact, ties to both parties.

 

By: Leonard Pitts, Jr., Columnist, The Miami Herald; The National Memo, September 3, 2014

 

 

 

September 3, 2014 Posted by | Blue States, GOP, Red States | , , , , , , , | Leave a comment

“So Far, Just Ripples”: The Wave Has Failed To Materialize

Meanwhile, back at the ranch — as foreign events hog the spotlight — why haven’t Republicans sealed the deal on the coming election?

When summer began, the conventional wisdom was that the GOP sorta kinda probably maybe would take control of the Senate in November. As summer ends — and it hasn’t been great for President Obama, which means it also hasn’t been anything for the Democratic Party to write home about — that same equivocal assessment still holds.

The Real Clear Politics Web site, which aggregates polls, rates nine Senate races as tossups. If incumbents Kay Hagan of North Carolina, Mary Landrieu of Louisiana and Mark Pryor of Arkansas manage to scrape out wins, the Web site calculates, Democrats will retain a 51 to 49 edge and Harry Reid gets to keep his job as majority leader.

Let’s say that one of those Democrats falters — or even two. It seems entirely possible that Bruce Braley could defeat Republican Joni Ernst in an Iowa race that polls show as a dead heat. Democrat Michelle Nunn may be gaining ground on David Perdue in Georgia, although a recent poll showing Nunn in the lead is probably an outlier. And the man who wants Reid’s job, Minority Leader Mitch McConnell of Kentucky, is in a surprisingly tough race against Democrat Alison Lundergan Grimes.

All in all, you still have to give the edge to the GOP. But it is a surprisingly narrow and tenuous advantage in a year when some analysts were predicting a wave election in favor of Republicans.

So far, just ripples. Why could that be?

This time, the GOP managed not to nominate candidates whose views are so extreme — or so wacky — that they might effectively concede what ought to be safe seats. The party establishment made ideological concessions to the tea party wing, but managed to insist on nominees who have a chance of being elected. No Republican candidate has spoken of solving problems with “Second Amendment remedies,” as Sharron Angle did in 2010, or run a television ad to declare “I’m not a witch” a la Christine O’Donnell that same year.

The candidates may be plausible, but they’re running on the wrong issues. Rather, the wrong issue: the Affordable Care Act.

“Repeal Obamacare” remains a rallying cry for the GOP’s activist base — perhaps less for the law itself than the president for whom it is named. But for independent voters, undoing health-care reform is not the sure-fire issue Republicans hoped it would be.

The program is in effect. Some people who previously could not obtain health insurance now have it. Most people are unaffected. Despite all the dire GOP predictions, the sky has not fallen.

Yet Republican candidates say otherwise, describing a dystopian breakdown of the nation’s health-care system that simply has not occurred. And they go all tongue-tied when asked how they could manage to repeal Obamacare in the face of a certain veto by Obama — or, more tellingly, just what they would put in place if they somehow succeeded.

Much of the news dominating the headlines this summer has been taking place overseas — Russia’s slow-motion invasion of Ukraine, the rise of the Islamic State in Syria and Iraq, whatever it is that seems to be happening in Libya. Blasting Obama for failed leadership is a guaranteed applause line, but GOP candidates are not even trying to articulate what the president should be doing differently. Airstrikes in Syria? Ground troops back to Iraq? Anybody want to speak up?

Nor has the party developed an economic message that goes beyond the familiar standbys: tax cuts, spending cuts, deregulation. The public is clearly not thrilled with the state of the economy — as reflected in Obama’s low approval ratings — but growth is up and unemployment is down. The claim that Democratic policies inevitably lead to ruin rings hollow.

Still, Democrats have an uphill fight, even if it’s not nearly as steep as the GOP hoped. To hold the Senate, segments of the Democratic coalition who often skip midterm elections — African Americans, Latinos, younger voters — will have to turn out. And polls show that Republicans maintain an edge in enthusiasm.

Which brings me to the wild card: immigration.

Obama is considering executive action that could give legal status to thousands or even millions of undocumented immigrants. Would that inflame conservatives and drive Republican turnout through the roof? Would it excite the Democratic faithful, especially Latinos, giving them a reason to vote?

This thing is unpredictable. And that’s a surprise.

 

By: Eugene Robinson, Opinion Writer, The Washington Post,September 1, 2014

September 2, 2014 Posted by | GOP, Midterm Elections | , , , , , , , | Leave a comment

“Perish The Thought”: Rep. Peter King, Obama’s New Fashion Critic

Political commentary on President Obama’s clothing choices started almost immediately after his inauguration. Just two weeks after the president took the oath of office, Republican critics started complaining about photographs showing Obama in the Oval Office without a jacket on. Democrats responded by showing pictures of Reagan dressed in similar Oval Office attire, and the right quietly moved on.

But over the years, the complaints lingered – about the president’s jeans, the president’s neckwear, etc.

Yesterday, interest in presidential attire reached a level that was hard to believe, with the political world going a little bonkers over Obama’s tan suit. Andrew Kaczynski flagged the latest from Rep. Peter King (R-N.Y.) whose apoplexy about the color of the president’s suit was so over the top, it’s tempting to think this is satire.

“There’s no way any of us can excuse what the president did yesterday,” King said of President Obama on NewsMaxTV. “When you have the world watching … a week, two weeks of anticipation of what the United States is gonna do. For him to walk out – I’m not trying to be trivial here – in a light suit, light tan suit, saying that first he wants to talk about what most Americans care about the revision of second quarter numbers on the economy. This is a week after Jim Foley was beheaded and he’s trying to act like real Americans care about the economy, not about ISIS and not about terrorism. And then he goes on to say he has no strategy.”

King said Obama’s comments and actions showed “foreign policy was not a major issue” for President Obama.

Note, this isn’t a joke. Kaczynski posted the clip of King’s remarks, which seem to be entirely sincere.

An actual member of Congress – the chairman of the House Homeland Security Committee’s panel on counter-terrorism, no less – believes there’s “no way” to “excuse what the president did.” And in this case, what the president did was put on a tan suit.

I especially like the part in which King says he’s “not trying to be trivial here.” No, of course not. Perish the thought. All he’s doing is launching a tirade about the color of the president’s tan suit. Why would anyone think that’s trivial?

Also note, King was outraged by Obama’s suggestion that the economy is “what most Americans care about.” The nerve!

As for “he has no strategy,” this is pretty cheap rhetoric given the context of what the president actually said, as the congressman probably realizes.

As for the suit, I can appreciate why it raised eyebrows, at least a little. When I watched the press conference, I noticed the suit, too, and thought to myself, “Huh, that’s different.”

But then the press conference started in earnest and it was time to focus on substance. That is, unless you’re a congressman who believes there’s just no “excuse what the president did” when he put on the suit.

Postscript: White House Press Secretary Josh Earnest told reporters at the start of today’s briefing that the president  ”feels pretty good” about his fashion choice, adding, “The president stands squarely behind his decision he made yesterday to wear his summer suit.”

 

By: Steve Benen, The Maddow Blog, August 29, 2014

August 30, 2014 Posted by | Republicans, Steve King | , , , , , | Leave a comment

“Presumption”: Hillary Clinton’s Hawkishness May Be Her Undoing

Even without a formal declaration of her intent to run, Hillary Clinton is the presumed Democratic nominee for president in 2016. She has earned that status through two decades of hard work on the national stage — as First Lady, as a senator from New York, and, especially, as a loyal and energetic secretary of state in the administration of her former rival, Barack Obama.

But Clinton’s presumed bid for the presidency — a historic run she’s unlikely to turn down — is threatened by the same unfortunate tendency that cost her in 2008: presumption. She seems oblivious to national trends that make some of her stances unpopular.

Nothing better illustrates that presumption than her continued hawkishness, a trait on full display in her interview earlier this month with Jeffrey Goldberg of The Atlantic Monthly. While Washington pundits focused on her curt dismissal of a few words the president allegedly spoke to reporters — “Great nations need organizing principles, and ‘Don’t do stupid stuff’ is not an organizing principle,” she said — the substance of her argument is much more troubling than that.

She insisted that if Obama had intervened in Syria, if he had just agreed to arm Syrian moderates, jihadists such as the bloodthirsty cohort of the Islamic State might have been halted in their tracks.

“The failure to help build up a credible fighting force of the people who were the originators of the protests against Assad — there were Islamists, there were secularists, there was everything in the middle — the failure to do that left a big vacuum, which the jihadists have now filled,” Clinton said.

That sentiment drew huge cheers from the left-of-center interventionists, as well as the neo-cons, who still occupy positions of influence on the national stage. But it contrasts sharply with average voters, the regular Joes who recognize the limits of American power. Polls show that they want nothing to do with more foreign entanglements that don’t directly reflect U.S. interests.

They remember that even deploying military advisors often leads to more boots on the ground, more American dead. And those dead are unlikely to come from the ranks of powerful politicians or diplomats or journalists, but rather from the working classes. More to the point, mainstream voters want their politicians to concentrate on fixing a broken economy here at home, not on fixing broken nations halfway around the world.

Last fall, 52 percent of the public said the U.S. should “mind its own business internationally and let other countries get along the best they can on their own,” according to the Pew Research Center. It was the first time since 1964 that more than half the country held that view, Pew said.

Given the half-hearted economic recovery, it’s no wonder that voters want their politicians to focus on rebuilding the broad American middle class. While Washington politicians and the scribes who cover them are doing just fine, much of the country has yet to mount a full comeback from the Great Recession.

Moreover, it turns out that voters’ skepticism toward foreign interventions is supported by research, which shows that arming “moderates” was likely to backfire.

Recently, political scientist Marc Lynch, writing in The Washington Post, summarized the data this way:

In general, external support for rebels almost always makes wars longer, bloodier and harder to resolve. … Worse … Syria had most of the characteristics of the type of civil war in which external support for rebels is least effective.

To be fair, Clinton didn’t suggest sending U.S. troops into Syria. Still, her criticism of Obama’s approach shows a tone-deafness, a calculated disregard for the attitude most Americans now hold toward foreign interventions. Sometimes, that sort of brush-off of popular sentiment is a hallmark of genuine leadership. In this case, it’s just arrogance.

Clinton should know better. She was defeated for the Democratic nomination by a lesser-known senator largely because his opposition to the war in Iraq, by then a clear disaster, contrasted with her support for it. While she won’t face Obama in 2016, she might find herself up against Republican Sen. Rand Paul in the general election. And his skepticism toward military interventions could prove more popular than her stubborn, ill-advised hawkishness.

 

By: Cynthia Tucker, Visiting Professor, The University of Georgia; The National Memo, August 23, 2014

August 24, 2014 Posted by | Election 2016, Hillary Clinton | , , , , , , , , , | Leave a comment

“Hawks Crying Wolf”: The Usual Republican Inflation Suspects Are Saying The Usual Things

According to a recent report in The Times, there is dissent at the Fed: “An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly” from its easy-money policies, which they warn run the risk of causing inflation. And this debate, we are told, is likely to dominate the big economic symposium currently underway in Jackson Hole, Wyo.

That may well be the case. But there’s something you should know: That “vocal minority” has been warning about soaring inflation more or less nonstop for six years. And the persistence of that obsession seems, to me, to be a more interesting and important story than the fact that the usual suspects are saying the usual things.

Before I try to explain the inflation obsession, let’s talk about how striking that obsession really is.

The Times article singles out for special mention Charles Plosser of the Philadelphia Fed, who is, indeed, warning about inflation risks. But you should know that he warned about the danger of rising inflation in 2008. He warned about it in 2009. He did the same in 2010, 2011, 2012 and 2013. He was wrong each time, but, undaunted, he’s now doing it again.

And this record isn’t unusual. With very few exceptions, officials and economists who issued dire warnings about inflation years ago are still issuing more or less identical warnings today. Narayana Kocherlakota, president of the Minneapolis Fed, is the only prominent counterexample I can think of.

Now, everyone who has been in the economics business any length of time, myself very much included, has made some incorrect predictions. If you haven’t, you’re playing it too safe. The inflation hawks, however, show no sign of learning from their mistakes. Where is the soul-searching, the attempt to understand how they could have been so wrong?

The point is that when you see people clinging to a view of the world in the teeth of the evidence, failing to reconsider their beliefs despite repeated prediction failures, you have to suspect that there are ulterior motives involved. So the interesting question is: What is it about crying “Inflation!” that makes it so appealing that people keep doing it despite having been wrong again and again?

Well, when economic myths persist, the explanation usually lies in politics — and, in particular, in class interests. There is not a shred of evidence that cutting tax rates on the wealthy boosts the economy, but there’s no mystery about why leading Republicans like Representative Paul Ryan keep claiming that lower taxes on the rich are the secret to growth. Claims that we face an imminent fiscal crisis, that America will turn into Greece any day now, similarly serve a useful purpose for those seeking to dismantle social programs.

At first sight, claims that easy money will cause disaster even in a depressed economy seem different, because the class interests are far less clear. Yes, low interest rates mean low long-term returns for bondholders (who are generally wealthy), but they also mean short-term capital gains for those same bondholders.

But while easy money may in principle have mixed effects on the fortunes (literally) of the wealthy, in practice demands for tighter money despite high unemployment always come from the right. Eight decades ago, Friedrich Hayek warned against any attempt to mitigate the Great Depression via “the creation of artificial demand”; three years ago, Mr. Ryan all but accused Ben Bernanke, the Fed chairman at the time, of seeking to “debase” the dollar. Inflation obsession is as closely associated with conservative politics as demands for lower taxes on capital gains.

It’s less clear why. But faith in the inability of government to do anything positive is a central tenet of the conservative creed. Carving out an exception for monetary policy — “Government is always the problem, not the solution, unless we’re talking about the Fed cutting interest rates to fight unemployment” — may just be too subtle a distinction to draw in an era when Republican politicians draw their economic ideas from Ayn Rand novels.

Which brings me back to the Fed, and the question of when to end easy-money policies.

Even monetary doves like Janet Yellen, the Fed chairwoman, generally acknowledge that there will come a time to take the pedal off the metal. And maybe that time isn’t far off — official unemployment has fallen sharply, although wages are still going nowhere and inflation is still subdued.

But the last people you want to ask about appropriate policy are people who have been warning about inflation year after year. Not only have they been consistently wrong, they’ve staked out a position that, whether they know it or not, is essentially political rather than based on analysis. They should be listened to politely — good manners are always a virtue — then ignored.

 

By: Paul Krugman, Op-Ed Columnist, The New York Times, August 21, 2014

August 23, 2014 Posted by | Federal Reserve, Inflation, Janet Yellen | , , , , , , , | Leave a comment