Sensing victory this fall, the Republicans have released a Pledge to America in imitation of the Contract With America that helped trigger the 1994 congressional landslide. Although Obama's unpopularity is such that a blind and flatulent wombat with a criminal record could probably win election so long as it was running as a Republican, the Republican leadership clearly wants to set the stage for claiming some sort of mandate should they take control of both the House and Senate, as appears likely.Since the country is messed up, do the Republicans offer a substantive difference in governance?
No. What is on offer is nothing more than a promise for even more federal micromanagement of the economy that we witnessed during the course of the Bush and Obama administrations. Only this time, they're going to do it right! "A plan to create jobs, end economic uncertainty and make America more competitive must be the first and most urgent domestic priority of our government." In other words, the Republican leadership is still clinging to the hoary old Keynesian myth that the government can somehow improve the operation of the economy through its actions.
And although they vow to stop out-of-control spending and reduce the size of government, the fact that they already see fit to carve out "common-sense exceptions for seniors, veterans and our troops" means that virtually nothing is going to change. Reducing spending by $100 billion per year may sound significant, but only reduces the federal budget from $3.55 trillion to $3.45 trillion. Since revenues were $2.38 trillion in 2010, this promised spending reduction will still leave taxpayers facing a deficit of $1,070 billion. Republicans would have to cut spending by more than 10 times the promised amount to even begin eliminating the growth of the public debt. (Emphasis mine)Get that? Republicans are "pledging" to cut a pittance of what Obama put in. Vox goes further and nails the problem -
The unfortunate fact is that cutting "government spending to pre-stimulus, pre-bailout levels" simply isn't enough. It won't suffice to fix the problem because it was the "pre-stimulus, pre-bailout levels" of government spending that caused the problem to occur in the first place. The depression – and it is a depression, the belated declaration of the Business Cycle Dating Committee that the recession ended more than a year ago notwithstanding – is not the result of recent bad policies, but of fundamental structural flaws with the financial system and the economy.(Emphasis mine)The Real Effect
We addressed this issue back in January with the election of Scott Brown -
In 1994, Republicans surged into power with the Contract With America amid promises of shrinking the size of government, promoting lower taxes, greater entrepreneurial activity, tort reform and welfare reform. While one can quibble that this was achieved to a degree, the overall net effect during this time was the exact opposite. Government largess grew exponentially, myriads of wars were started, Federal departments were created and liberty was slashed to a nub. Towards the end of 2008, all that remained were entitled carcasses of what was in effect "dead" politicians.
Just like the ring of power, Republicans seized the power and then the power seized them. This is why we the Democrats were able to route the Republicans in 2008 amid "Hope and Change".
Now in 2010 we have individuals that are at best, moderates, clothing themselves in liberty dress in an attempt to garner votes. And we think this is going to change anything? Hardly.
The new Tea Party, 9/12, Turner, Hannity, Limbaugh, Petraeus, Palin, Beck, O'Reilly and Brown; these individuals are all Benedict Arnolds to the cause of liberty and will sell you down the river if the right situation arises.
Let us also not forget that the Republicans voted for war with Iran recently, (Just eight in the House voted against war) just after they proclaimed that the Iraq war was 'wrong',the Great Republican savior Scott Brown voted for "stimulus", Bush signed onto Medicare Part D, and so on...
While I agree with Vox's conclusions, I would also add that the GOP head is setting itself up for plausible deniability, if they don't aggressively handle the economic bomb in the U.S., they can pin things on Obama and his "Reign of Terror" much akin to the current administration's tendency to lay blame at the feet of Bush. I'm sure they will be all too willing at that point to implement, austerity.
After all, how could they have known, that they were in a depression? No one saw it coming...
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