How does the Republican Party so effectively bamboozle the middle class? As a political party they are not their friend. The Republicans do everything possible to reduce the numbers of their own supporters. But the chumps keep coming back for more. Republicans hate unions which bring middle class wages to blue-collar workers. They despise safety nets such as unemployment insurance or especially European-type income floors that keeps people falling into the abyss of full homelessness. They are fully supportive of off-shoring jobs ( as well as corporate profits to avoid taxes.) First it was manufacturing and now we see technical/clerical jobs going to low wage countries. Yet millions every election buy the same bogus line of bullshit hook line and sinker - to whit everything that is wrong with the US is somehow the fault of “The Liberals” and “Big Government.” In fact some of the more militant members of the hard core Republican loyalist middle class recently went on the war path bringing their guns and wearing silly colonial outfit to town hall meetings, some even threatening invocation of “Second Amendment rights”, armed insurrection, when a the Democrats were merely trying to repair a badly broken, budget busting health care system. What in the hell is going on? Is it in the water?
We are at a strange juncture. The so-call “free market” economy, that many of us especially the Republicans hold so dear, is not delivering. Instead we are entangled in a king’s hell of a perpetual recession. Even though technically “it is over” (small GDP growth is occurring), millions are still out of work. The initial crash was so severe it verged on becoming another 1930s scale Great Depression. And it happened under again a Republican administration. Yet again the hapless Democrats inherited it and are now being blamed for it. So it now behooves the Republicans to keep it going as long as it takes to retake Congress and the White House. The fall guy Democrats were voted back in en mass in a wave of messiah-desiring fervor. The knee-deep-in-shit situation that the new administration stepped into almost guaranteed disappointment from the left and malicious second-guessing from the right, then the growing realization by the right that is was to their advantage to make things worse.
The Demos under Obama inherited quite a mess - not one but two ongoing wars, a financial system in paralysis, housings prices in free fall leading to a wave of foreclosures not seen since the 1930s, and unemployment nearing 10%. And to make matters supremely worse due to the abject failure of Republican driven “supply side” econ theory, government debt was already before the recession at astronomical levels. Recall the notion behind Reaganian ‘SS Economics’ is that if we lower taxes, there will be adequate new investment and thus new tax revenues generated that it will actually compensate for the lost revenue from the lowered taxes. This especially presumably applied if the taxes are lowered for the investor class: the upper income tiers, millionaires and billionaires. The cake and eat, too plan didn’t fucking work! Ask David Stockman, Reagan’s head of OMB. The deficit skyrocketed in the Reagan years. The other net result was a massive retribution of wealth upwards.
So as we know the Democrats under Bill Clinton, ever embattled by fake scandals like Whitewater and Troopergate and finally nearly impeached, managed like a good 1950s’ moderate Republican get the budget in order, and we had few good years relative to the national debt. After particularly close election and with the help of the Republican majority on the Supreme Court, enter one George W. Bush. This is the same person whose own father, George H.W. Bush, as a presidential candidate and one time moderate Republican accurately coined the term “Voodoo Economics” for this bogus and dangerous idea of cutting taxes to the wealthy to create jobs. Well “W” being his own man returned again to voodoo economics full force engaging and not one two wars (both off-budget,) a poorly designed increase in Medicare benefits and another very generous irresponsible but popular time limited tax cut for all but especially for the so called job creating upper income tiers. Supply Side was back! Result: another huge spike in the Deficit. All this is widely known.
Now here are in 2010 and Bush tax cuts are due to expire automatically. But we are still in the toilet relative to a real recovery. So expiration of the Bush tax cuts would amount to a sudden tax increase. But suddenly also again The Deficit now at is front and center, with a august presidential commissions and pundits right and left agonizing over “under funded entitlements” and other future shortfalls. Draconian changes are being proposed like cuts in middle class tax deductions, Social Security and Medicare eligibility. All aimed at the middle class. And this unbelievably still with 9.8% of the population are officially unemployed (with more not counted or working only part time.) Astonishingly the right wing of the Democratic Party and the Republicans in mass are suddenly simultaneously concerned with the dreaded Deficit but are also all or retaining a budget busting, deficit exploding, irresponsible retention of a "temporarily " lowered income taxe for all including inexplicably the very wealthy who have shown they don't fucking invest it US jobs. How do they get away with it?
In this context we have another sad spectacle of the Obama caving in on another core principle. He promised to let the budget busting counter-cyclical dysfunctional upper income tax cuts expire. But the Repubs naturally want it to all stay intact so they and their rich friends will continue to wallow in money. And they will filibuster any proposed change to the end. If the thing expires as designed everybody’s taxes go up come the come Jan 1. In the middle of a recession it would be another kick in the balls to the economy. But only for middle classes who will spend most of it, the wealthy really don’t need the money and will only speculate with it. If they were going to use it fruitfully in as trickle down supply side investment way, they would have already done it. This is class war - blatant, redistribution of income upwards. They were already rich when the tax cut hit under Bush. They had managed to accrue great wealth under the old tax code. Bush just made his friends richer! These people are motherfuckers of the first magnitude. They have driven the country into penury and then have the audacity to call Obama a “socialist” when he tries to enact minor but necessary minor rational reforms.
Obama could hold out and let the damn thing expire and take it to the people exposing on prime time the supreme hypocrisy of the Repubs. But, alas, also the federal extension on unemployment is also due to run out. And the Repubs will filibuster this one too. Both would have to be ought in the trenches with Obama using his bully pulpit to rally the masses. He would need to be a fighter not a conciliator. Even the Repubs would respect him. On both of these issues he has the majority on his side. It would be a two front war and real political gamble to let two both of these hits occur in the same time frame. But it would it could turn things around like a game-changing pass that was caught but not a “Hail Mary.” He would have reenergized the same masses that came out in 2008 and voted him in and other Demos in a near landslide. But that is not the Obama we have. We have a different guy.
