“Rooting For America To Fail”: Republicans Are Deliberately Sabotaging The Economy
Raise your hands if you think Republicans are deliberately sabotaging the US economy to prevent the re-election of Barack Obama. Me too. Okay, knowing what you do about the Republican Party, raise your hands if you can think of any reason why Republicans wouldn’t throw a monkey wrench into the machinery of our economic engine to accomplish Mitch McConnell’s stated goal of making Barack Obama a one-term president. Me neither.
I wouldn’t have said this earlier, but I have no doubt now that Republicans are deliberately making the economy worse for political gain. I’m trying to picture a Republican consultant advising his clients against such a move on grounds of, say patriotism and propriety, and I just can’t. Probably because they would be out of a job. It’s amazing what people can convince themselves it is okay to do once they’ve convinced themselves they are in the right.
The filibustering of every conventional and sensible proposal the Obama Administration has put forward to help stimulate the economy — up to and including tax cuts that were Republican ideas to begin with — was only our first clue that Republicans were rooting for America to fail.
But neither does it take a genius to imagine the phone calls being made by Mitt Romney’s henchmen or the candidate himself (properly filtered, of course, to provide maximum deniability) to all of those bankers and business types sitting on their $2 trillion in uninvested cash that, if they want access to a future Romney Administration, they’d better keep sitting on that cash until after the November election. Think of this strategy as just an extension of the Republican Party’s K Street Project, the one where America’s trade associations and lobbyists were informed by partisan mob enforcers like disgraced Majority Leader Tom DeLay that doing business with the new Republican House was on a strictly pay to play basis.
But what I am also sure about is that Greg Sargent of the Washington Post is certainly correct when he says the establishment media will never let Democrats get away with accusing Republicans of deliberately doing harm the country because the establishment media has far too much to lose from allowing such a suggestion to take root.
As an elite establishment itself, whose place and privileges in American politics comes from its having mastered the rituals of our two-party system, the mainstream media is threatened by anyone who challenges the comfortable status quo of two evenly-balanced, sane and sensible, political parties. The media sees its own interests as neutral observer and referee threatened when people begin opening up that Pandora’s Box which exposes one of those major parties to be exactly what congressional scholars Thomas Mann and Norm Ornstein said about the GOP, that it: “has become an insurgent outlier in American politics. It is ideologically extreme; scornful of compromise; unmoved by conventional understanding of facts, evidence and science; and dismissive of the legitimacy of its political opposition.”
It’s been more than a month since Mann and Ornstein dropped that bombshell in the pages of the Washington Post and there is still no discussion of its ominous implications on the Sunday political talk shows, says Sargent. Indeed, for their troubles as pundits too hot to handle, Mann and Ornstein have been effectively blackballed from Meet the Press, Face the Nation, and State of the Union.
Most of the time the media loves to talk about itself, says Sargent, so you’d think Mann and Ornstein’s allegation that “the press’s addiction to fake even-handedness has led them not to acknowledge, or at least grapple with, a fact that is absolutely central to understanding what’s happening with our politics right now,” would have Sunday show producers burning up the phone lines trying to book the duo on their shows.
“But what continues to strike me is the radio silence on these shows about both these themes,” Ornstein told Sargent. “The Republicans bear a lot of the onus for rank obstructionism. But there’s a false equivalence here, and the press corps has been AWOL in its duty to report the truth.”
Ornstein said that judging by the communication he’s had with elite reporters, his description of the GOP as a radical party “has generated lots of discussion in the newsrooms. But the shows are making a conscious decision to ignore it.”
So, despite all you hear about the so-called “liberal bias” against Republicans, you can see why the mainstream media is predisposed to shoot down the idea that Republicans might be secretly planting Comp-4 explosive around our economy’s foundation in order to detonate it while Barack Obama and the Democrats are the ones likely to suffer the collateral damage.
Which is why it’s good to see Democrats making the charge anyway.
As Sargent reports, Harry Reid called out Republicans on the Senate floor the other day for their opposition to the Paycheck Fairness Act, saying that from the GOP perspective the act to help ensure women get equal pay for equal work already has two strikes against it because “it would be good for women and good for the economy.”
Obama senior adviser David Axelrod said on Face the Nation this weekend in regard to the disappointing May jobs reports and Republican efforts to obstruct Obama’s job creation policies that: “Instead of high-fiving each other on days when there is bad news, they should stop sitting on their hands and work on some of these answers.”
And on Friday after the bad jobs numbers were released, Democratic National Committee executive director Patrick Gaspard went on MSNBC to accuse Republicans of “cheerleading for failure,” notes Sargent
“There was a time when charges like these were approached with a bit more caution by Democratic leaders,” says Sargent. “Now top Obama and Dem officials are going out into every conceivable forum and repeating the claim that Republicans are actively rooting for widespread economic misery and are doing all they can to block solutions designed to alleviate it.”
Paul Krugman says Obama has no choice but to make Republicans the issue and to note we’d all be better off were it not for deliberate GOP sabotage. Ed Kilgore at Washington Monthly is not so sure. He thinks swing voters will always hold the President and his party accountable for the state of the economy no matter how much the other guys are gumming up the works.
And even those of us who think Democrats need to call out Republicans for their obstruction have to admit that, despite everything Republicans have done to make the jobs situation worse, the Republican counterattack against charges they are sabotaging the economy practically writes itself: “Stop whining, Mr. President, and lead.”
Nevertheless, while there are many things I thought the GOP capable of doing, deliberately standing in the way of America’s economic recovery with all of the hardship and misery it would entail for millions of their fellow citizens, wasn’t one of them. That was actually one of the few outrages I was not willing to impute to these radical Republicans in their heedless pursuit of power.
But even that low ceiling above my scorn and contempt for the modern GOP was shattered by last summer’s debt-ceiling debacle when Republicans showed just how far they were willing to go to achieve their narrow ideological ends.
The subsequent credit rating downgrade that, for good measure, Republicans even blamed on Democrats for not parleying in good faith, was an abject lesson in how quickly and easily even responsible Republican opinion can be herded into line by today’s conservative movement. Within a matter of a few short weeks, the initial indignation among sensible conservatives at the suggestion by House Republicans that the full faith and credit of the United States should be put on the table as a bargaining chip to bully Democrats into caving on spending, was converted into accepted conventional wisdom on the right.
Compared to the game of debt-ceiling chicken that threatened what the White House called “economic Armageddon,” what’s not to believe about Republicans intentionally keeping the economy in the doldrums for another six months if the reward at the end is absolute political power?
By; Ted Frier, Open Salon, June 5, 2012
“Mitt Romney Enjoys Your Pain”: Normal People Don’t Smile About Unemployment
GOP presidential candidate Mitt Romney’s reaction to high unemployment is creepy.
During an interview with CBS reporter Jan Crawford last week, Romney smirked as he mentioned that unemployment has remained above 8 percent for 39 months. Then, as the interview ended, he smirked again after saying President Obama had hoped the Recovery Act would reduce joblessness to 6 percent by now.
Romney is loving high unemployment. Just like the Republican majority in the U.S. House of Representatives that has repeatedly blocked President Obama’s proposals to increase hiring, Romney believes high joblessness is good for the GOP. It’s one thing for a politician to know in his heart of hearts that a calamity for the country may help him achieve his ambitions. It’s another to be so callous as to beam about it on TV.
The nation’s sustained high unemployment disheartens any normal human being. Friday’s report that only 69,000 jobs were created in May was troubling — that is, to anyone who has ever been laid off or had a friend or relative or neighbor who lost a job. They know the feelings of fear, depression and guilt that accompany job loss. They’ve experienced the suffering as job applications are rejected, bills pile up and foreclosure is threatened. Normal people don’t smile about high unemployment; they cringe.
Romney contends he’s the fella to fix those unemployment numbers. But his record as CEO of Bain Capital and governor of Massachusetts provides little evidence of that. The focus of Bain was never job creation. It was money making. And if making money meant destroying jobs, that’s what Bain did.
An analysis by the Wall Street Journal of the companies Bain bought in the 15 years Romney ran it found that 22 percent went bankrupt or closed within eight years. That’s untold thousands of workers who lost their jobs and untold thousands of Bain creditors who endured losses because of bad Bain business practices.
Romney has frequently contended Bain created 100,000 jobs while he led it. The Washington Post fact checker awarded that claim three Pinocchios. After Republican rivals Newt Gingrich and Rick Perry chanted, “show us the jobs,” Romney lowered the number. Kinda significantly. Down to tens of thousands of jobs. Finally, Romney cut the figure even further, releasing a campaign video saying he’d created “thousands of jobs.”
If “thousands” is true, that’s good. But, frankly, “thousands” over 15 years is hardly a bragging point for a candidate who contends his private sector experience will enable him to create the millions of jobs the nation needs.
Romney’s job generation as governor of Massachusetts doesn’t instill much confidence in his ability to perform on the national level either. Massachusetts added 45,800 jobs in the four years he was governor. While that’s positive, it occurred during a time of economic expansion nationally, not during the grave recession President Obama inherited.
In addition, Massachusetts’ net jobs growth declined to 1.4 percent during Romney’s governorship, significantly lower than the 5.8 percent growth in the rest of the nation. In fact, Massachusetts dropped to 47th for job growth during Romney’s reign, far lower than during his predecessor’s time.
Romney claimed at one point during the campaign that he was unemployed, and laughed about it. But this quarter billionaire doesn’t have a clue what it’s like to really be jobless or desperate. This is the silver-spoon son of a car company executive, a man who attended exclusive private schools, a man who handed his own son $10 million to help start his business, a man who has a car elevator in his $9 million California beach house.
This is a candidate who mocked NASCAR fans for wearing cheap rain slickers while his wife wears $1,000 silk t-shirts. This is an owner of three homes valued at a total of $20 million who opposed helping underwater homeowners, saying the foreclosure crisis should “run its course and hit bottom.”
This is a man who actually said he likes to fire people. Not hire people. Fire people. Here’s what he said:
“I like being able to fire people who provide services to me.”
The slow jobs growth in May is not surprising, frankly, considering the economic contraction occurring in Europe and even in China. In the 17-nation Eurozone, unemployment now has risen to a record 11 percent, far higher than in the United States where Obama’s Recovery Act prevented the country from falling off the cliff into another Great Depression.
Unlike the United States and China, both of which invested in stimulus, Europe chose austerity. Greece, Spain, Italy, Ireland and Great Britain now are suffering economic contraction and distress caused by austerity.
That’s what Romney and the Republicans propose for America. Austerity. Job contraction. Recession. Suffering.
It’s not true what Romney says about Americans. They aren’t jealous of his wealth. They don’t care that he and his wife ride $100,000 horses. They just want to be able to afford a rocking horse for their kid. They don’t care about the Romneys’ vacations in France. They just want to be able to save enough to get the kids a season pass to the municipal pool.
They don’t, however, want their country run by a guy who can’t conceive what it’s like to be unemployed and has made no effort to find out. They don’t want to be led by a guy who likes firing people. They don’t want a president who finds enjoyment in high unemployment.
BY: Leo W. Gerard, The Huffington Post, June 4, 2012
“We’ve Heard it All Before”: Hey Mitt, You Can’t Cry For Teacher When You Started The Fight
The latest attack from the Obama campaign takes aim on Romney’s rhetoric and record in Massachusetts.
The latest Obama campaign ad—which will air mainly in swing states—continues the attack on Mitt Romney’s record in Massachusetts: http://youtu.be/oWdZEJW1vWY
This attack goes directly to the heart of Romney’s presidential campaign. The Republican nominee has based his entire on argument on the claim that—by dint of his business experience—he is uniquely qualified to lead the country into a more robust recovery. Indeed, private sector experience has totemic properties in Romney’s narrative; Obama is a failure because he’s “never met a payroll” and “doesn’t understand the economy,” while Romney sees business as the most important qualification a president can have.
But, with a quote from Romney’s gubernatorial campaign—“I know how jobs are created”—the Obama campaign raises a basic question: When Romney ran for governor of Massachusetts he used his business experience as proof he could create jobs for Massachusetts, instead, he led the state to the bottom of the pack for job creation. Now, running for president, he’s using the same arguments. Why should we expect different results this time? This is a play on the familiar trope of the businessperson who talks more than they deliver, and it could be an effective assault on Romney’s perceived competence, especially if paired with continued attacks on Bain Capital.
The Romney campaign has had an interesting and familiar response to this attack. As Pema Levy points out at Talking Points Memo, the Romney team correctly hits Obama for neglecting the extent to which the former governor inherited a bad situation. Here’s Ed Gillespie, a surrogate for the Romney campaign:
“This is what they’re doing, Chris,” Gillespie said. “You take the first year, which is a low base year when the governor came in and took office, because it was 50th in job creation out of all of the states, dead last … and they’re averaging out over the four years. So, they are bringing down the gains of his fourth year in office, which shows the real impact of his policies and diluting it with the first year in office.”
This is exactly what the Romney campaign is doing with regards to Obama’s economic record. By blaming Obama for job losses that occurred before his policies passed or took effect, the Romney team is able to say that the United States lost jobs under his tenure. But if you count from when Obama’s policies took effect, then you end up with more than two years of private sector job growth.
This situation is similar to the one that developed last year, when the Romney team hammered Obama with a deeply misleading ad that took the president’s words out of context. When Democrats responded with their own set of context-free attacks, the Romney campaign cried foul. In other words, if the Romney campaign insists on using misleading attacks, then it has to expect that the same treatment in response. You can’t cry for teacher when you’re the one who started the fight.
By: Jamelle Bouie, The American Prospect, June 4, 2012
“Can This Campaign Be Constructive?”: Republicans Should Offer Specifics Or Shut Up
What might a reasonable, constructive presidential campaign look like?
To ask the question invites immediate dissent because we probably can’t even agree across philosophical or political lines what “reasonable” and “constructive” mean.
But let’s try an experiment: Can we at least reach consensus on the sort of debate between now and November that could help us solve some of our problems? I’ll let you in on the outcome in advance: Ideology quickly gets in the way of even this modest effort.
Start out by defining goals everyone could rally around. We need to get the economy moving faster and bring unemployment down, an all-the-more-urgent imperative after last week’s disappointing jobs report. We want all Americans to share prosperity and to reverse the trend toward widening inequality. We want a sustainable budget where, in good times, revenue more or less matches expenditures. And we want an education system that prepares members of the next generation for productive and rewarding lives.
Notice a few things about this list. It does not include social issues. Many Americans on both sides of politics legitimately believe that matters such as abortion, gay marriage, gun control, contraception and religious liberty (I could mention others) are of absolutely central concern. Some of them would reject my agenda at the outset. I’d defend it by insisting that the vast majority of Americans, whatever their views on any of these vexing subjects, want to get to certain basics first. They know the social issues won’t go away.
Conservatives might rebel against the way I frame our objectives. In talking about the budget, I do not even bring up reducing taxes. That is because I think the evidence shows that if we are serious about balancing the budget, government needs more revenue. The brute facts of (1) the steady rise in the costs of health care and (2) the aging of the baby boomers mean that we can’t just hack our way to a balanced budget without eviscerating programs such as Medicare and Social Security that most Americans want.
Thus a challenge to conservatives: If cutting taxes is really more important to you than fiscal balance, why not just say so? Why pretend that balance matters when your real goal is a sharp reduction in the size of government? Alternatively, if we could agree that revenue is needed, let’s argue about the right mix between spending cuts and tax increases, and about which taxes to raise.
And can politicians and commentators stop hiding behind vague promises of “tax reform”? Offer specifics or shut up about tax reform. Let’s also agree that slashing programs for poor people — and I’m one who thinks we should spend more — won’t come anywhere close to resolving our fiscal difficulties.
Job creation is at the heart of the campaign, and it is the issue about which we will have the least clarity. To me (and, I would say, to most non-ideological economists), it is perfectly obvious that rolling back government, both here and in Europe, has been exactly the wrong thing to do in a time of high unemployment. To save words, I refer you to a pile of fact-rich Paul Krugman columns.
The unemployment numbers would be much better without the massive loss of government jobs, and private-sector job growth would, in turn, be higher as those public workers spent money. It would be helpful if conservatives who disagree would offer evidence for why they are so certain that government austerity will make things better.
I’d like to hope we’ll get somewhere on education, but as for rising inequality, many on the right don’t even think it’s a problem. So let’s debate over whether greater inequality impedes faster growth or promotes it. Again, I think the evidence shows that when inequality gets out of hand (see 1929 and now), it’s a drag on the whole economy. Forgive me for noting that conservatives seem to believe that the rich will work harder if we give them more, and the poor will work harder if we give them less. But let’s have it out. Arguing in a serious way about the single question of economic inequality would make all the other nonsense of the next five months endurable.
What I do know is that if we don’t use this campaign at least to define the problems we face, we will end up wasting the $2 billion or so this campaign will cost, and a lot of time.
By: E. J. Dionne, Jr., Opinion Writer, The Washington Post, June 3, 2012
“Chum In The Water”: Romney’s Economic Plan Is Deregulation Plus The Ryan Budget
As Mike Allen of Politico explains today, the Romney campaign and American Crossroads are undertaking a sustained attack (uncoordinated, of course, since coordination would be illegal) on the Obama administration’s economy policies
Mitt Romney’s campaign events and the firepower of American Crossroads will both focus this week on President Barack Obama’s jobs record as a way to fight off charges about the Republican candidate’s private-sector experience, with a Romney aide attacking the stimulus as “the mother of all earmarks….”
A senior campaign aide said Romney will argue that Obama has actually subtracted jobs: “Were these investments the best return on tax dollars, or given for ideological reasons, to donors, for political reasons? He spent $800 billion of everybody’s money. How’d it work out?”
“It was the mother of all earmarks, not a jobs plan,” the aide said. “By wasting all of this money, you had the worst of all worlds: It destroyed confidence in the economy and makes people less likely to borrow money. Dodd-Frank has been a disaster for the economy. Where are the steady hands? Who’s in charge of energy? Where’s the strong, confident voice on the economy?”
At WaPo’s Plum Line, Greg Sargent makes the point that this offensive presents an almost impenetrable pack of lies:
So Romney will now go back to claiming Obama subtracted jobs. But there’s a new twist: Romney will claim that the effect of the stimulus has been to destroy jobs. As it has in the past, the Romney camp will justify this by pointing to a bogus metric — the net jobs lost on Obama’ watch. That includes the hundreds and hundreds of thousands of jobs lost before the stimulus went into effect. Really: The Romney camp’s claim is that we can calculate that the stimulus destroyed jobs overall with a metric that factors in all the jobs destroyed before the stimulus took effect. That’s not an exaggeration. It really is the Romney campaign’s position. It’s time to ask Romney himself to justify it.
The Romney camp will also begin claiming that Obama has “never created a job.” Will anyone ask Romney about the two dozen straight months of private sector job creation we’ve seen?
And that’s just the half of it, since the Romney campaign is also basing its attacks on the “confidence fairy” (Obama has killed jobs just by being a Democrat; Romney will generate them by his very aura, which makes other rich people feel like goin’ out and creatin’ them some jobs!), and on the phony premise that “the stimulus” (designed in no small part in response to Republican demands for more tax cuts and less direct public-sector spending) represented some sort of grand left-wing “industrial policy” instead of a demand-boosting effort to accelerate federal spending on projects and priorities already in the works.
It’s beginning to become apparent that Team Mitt will throw vast amounts of chum into the water to avoid the fundamental reality that its candidate’s own Economic Plan is basically deregulation plus the Ryan Budget. Perhaps if Romney is going to traipse around the country mocking individual federally-funded projects, someone should follow him around pointing out what the Ryan Budget would do to the same locales. It would not look pretty.
By: Ed Kilgore, Contributing Writer, Washington Monthly Political Animal, May 29, 2012
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