Showing posts with label bailouts. Show all posts
Showing posts with label bailouts. Show all posts
Friday, January 2, 2009
Republican Whiners Must Accept the Consequences of Their Many Failures
Paul Krugman comments in the New York Times that: "As the new Democratic majority prepares to take power, Republicans have become, as Phil Gramm might put it, a party of whiners... But most of the whining takes the form of claims that the Bush administration’s failure was simply a matter of bad luck — either the bad luck of President Bush himself, who just happened to have disasters happen on his watch, or the bad luck of the G.O.P., which just happened to send the wrong man to the White House." Its really a matter of the GOP's decision during the Nixon campaign in 1968 to develop a "Southern strategy" that gained electoral dominance by hatching a clutch of wedge issues, including the topic of "racial backlash" that set the party on a forty year course to where it happens to be today - facing the consequences of a "shrinking base." Krugman rightly points out: "If the Bush administration became a byword for policy bungles, for government by the unqualified, well, it was just following the advice of leading conservative think tanks: after the 2000 election the Heritage Foundation specifically urged the new team to “make appointments based on loyalty first and expertise second.” Krugman calls out the Republicans; who then went on to trump their: "Contempt for expertise, (which) in turn, rested on contempt for government in general. “Government is not the solution to our problem,” declared Ronald Reagan. “Government is the problem.” So why worry about governing well?" During their four decade run the GOP worked hard to diligently maintain a certain level of discreetness as they advocated the electoral benefits of racism. Anyone who dared to even infer that racism and republicanism formed significant chapters in the GOP's political playbook were shouted down with all the ferocity that the party and its corporate overlords could bring to bare. Even when Republicans were caught in obviously racist remarks or policies they praised their own moral superiority and never, ever admitted any wrong doing; it was that old public relations adage of deflect and deny that kept the GOP on the high moral ground. But now, as the most ideologically committed collection of conservatives attempt to assume control of the Republican National Committee, unapologetically stated, blatant racism is leading the way. It has to do with the efforts of "Chip Saltsman, currently a candidate for the chairmanship of the Republican National Committee, (who) sent committee members a CD including a song titled “Barack the Magic Negro” — and according to some reports, the controversy over his action has actually helped his chances... So the reign of George W. Bush, the first true Southern Republican president since Reconstruction, was the culmination of a long process... That’s why the soon-to-be-gone administration’s failure is bigger than Mr. Bush himself: it represents the end of the line for a political strategy that dominated the scene for more than a generation." The GOP stands today as a party without ideas and dominated by a small group of southerner conservatives who have "lost the rest of the country" because they believe they were not conservative enough. They believe bailouts and public works plans to infuse the economy with capital and jobs represent a turn to socialism that cannot be tolerated. It has come to the point that the conservative-dominated RNC; as demonstrated by a recent resolution penned by conservative constitutional law attorney and national vice chairman of the RNC, James Bopp, is now issuing direct orders warning its elected officials to toe the party platform to the letter by allowing bankruptcies to occur and stand for the free market to return the economy to greater prosperity. In fact, as Krugman explains, the GOP has achieved nothing more than leading itself into a political "cul-de-sac." It is not Krugman's intention to bury the GOP as he observes: "Will the Republicans eventually stage a comeback? Yes, of course. But barring some huge missteps by Mr. Obama, that will not happen until they stop whining and look at what really went wrong. And when they do, they will discover that they need to get in touch with the real “real America,” a country that is more diverse, more tolerant, and more demanding of effective government than is dreamt of in their political philosophy." And I can't argue with the Nobel Laureate's observations.
Wednesday, December 31, 2008
RNC and Congressional Republicans Differ Over Direction of Party
Ralph Z. Hallow reports in the Washington Times that: "Republican Party officials say they will try next month to pass a resolution accusing President Bush and congressional Republican leaders of embracing "socialism," underscoring deep dissension within the party at the end of Mr. Bush's administration. Those pushing the resolution, which will come before the Republican National Committee at its January meeting, say elected leaders need to be reminded of core principles. This would be the first time that the Republican National Committee established a course of action for a policy issue. In the past, the RNC left policy decisions up to elected officials. "We can't be a party of small government, free markets and low taxes while supporting bailouts and nationalizing industries, which lead to big government, socialism and high taxes at the expense of individual liberty and freedoms," said Solomon Yue, an Oregon member and co-sponsor of a resolution that criticizes the U.S. government bailouts of the financial and auto industries. Republican National Committee Vice Chairman James Bopp Jr. wrote the resolution and asked the rest of the 168 voting members to sign it. The Bopp Resolution stands against Republican support for president-elect Obama's infrastructure public works proposal. The resolution also puts "the party on record opposing the $700 billion bailout of the financial sector, which passed Congress with Republican support and was signed by Mr. Bush, and opposing the bailout of the auto industry. The auto bailout bill was blocked by Senate Republicans, but Mr. Bush then reversed course and announced that he would use financial bailout money to aid the auto manufacturers." Some members of the RNC see the resolution as an attempt by party officials to connect the party platform directly to actions of lawmakers. RNC officials feel justified that their resolution represents the only decisive course of action that they can take, otherwise the party "will become less relevant." The question remains whether elected officials will go along with the RNC resolution. "House Minority Leader John A. Boehner and Senate Minority Leader Mitch McConnell, both of whom voted for the financial bailout but opposed the auto bailout, declined to comment. White House spokesman Tony Fratto defended the Bush administration's actions, saying, "We understand the opposition to using tax dollars to support private businesses we also oppose using tax dollars to support private businesses. But this was the necessary and responsible thing to do to prevent a collapse of the American economy." What remains uncertain is whether the RNC can enforce compliance on GOP elected officials.
... The Bopp Resolution states: "WHEREAS, the Bank Bailout Bill effectively nationalized the Nation's banking system, giving the United States non-voting warrants from participating financial institutions, and moving our free market based economy another dangerous step closer toward socialism; and WHEREAS, what was needed, and is still needed, to fix the banking industry is not a bailout, but rather a commitment to fiscal responsibility."
... The Bopp Resolution states: "WHEREAS, the Bank Bailout Bill effectively nationalized the Nation's banking system, giving the United States non-voting warrants from participating financial institutions, and moving our free market based economy another dangerous step closer toward socialism; and WHEREAS, what was needed, and is still needed, to fix the banking industry is not a bailout, but rather a commitment to fiscal responsibility."
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