Republican economics: give money to rich people and everything will work out

By Richard K. Barry

Isn't it about time that every working man and woman in America realized that the Republican Party doesn't give a crap about you or your ability to have a job and support your family?

In a recent interview, CNBC host Jim Cramer made the mistake of assuming House Majority Leader Eric Cantor (R-Va) would support extending unemployment benefits "given the chaotic situation." Perhaps not all that surprisingly, Cantor replied:

Jim, the most important thing we can do for somebody who's unemployed is to see if we can get them a job. I mean, that's what needs to be the focus. For too long in Washington now we've been worried about pumping up the stimulus moneys and pumping up unemployment benefits and to a certain extent you have states for which you can get unemployment for almost two years and I think these people on unemployment benefits would rather have a job. So that's where our focus needs to be.

The interesting thing for me is that in the same sentence where Cantor says you can get unemployment insurance for almost two years in some states he also says people on unemployment benefits would "rather have a job." What he really means is that supposedly lazy Americans who want to collect government checks for up to two years need to be cut off so they will be forced to get a job.

What Republican bullshit. Working men and women are just too lazy, in Cantor-world, to get themselves off the government dole.

But not only is this view wrong and obnoxious, it's also bad economics. Republicans want to put more money into the hands of their rich friends through tax cuts, or at least not increasing taxes, which they argue will act to create jobs. They don't care that this just doesn't work and hasn't worked as a way to create jobs, they are ideologically wedded to it. They argue that all we need to do is give money to rich people and they, "the job creators," will make sure there's a job for anyone who wants to work.

In fact, the only thing it ensures, and has ensured, is that the rich will get richer and poor will get poorer.

By definition, to be a Republican means that everything the government does is wrong and everything the private sector does is right, even when that is demonstrably untrue.

As Paul Krugman writes:

When the economy is booming, and lack of sufficient willing workers is limiting growth, generous unemployment benefits may keep employment lower than it would be otherwise. But as you may have noticed, right now the economy isn't booming - again, there are five unemployed workers for every job opening. Cutting off benefits to the unemployed will make them even more desperate for work - but they can't take jobs that aren't there.

As Krugman continues, extending unemployment benefits would help.

One main reason there aren't enough jobs right now is weak consumer demand. Helping the unemployed by putting money in the pockets of people who badly need it, helps support consumer spending. That's why the Congressional Budget Office rates aid to the unemployed as a highly cost-effective form of economic stimulus. And unlike, say, large infrastructure projects, aid to the unemployed creates jobs quickly.

A program like unemployment insurance, which not only helps Americans survive, but is also good for the health of the economy, is of limited interest to Republicans simply because it is not exclusively a private sector solution.

It doesn't matter that unemployment benefits stimulate the economy and job growth, that they have been proven to work. Republicans hold such ideologically narrow views on the role of government that they would rather Americans starve than that we use available and effective policy tools to put the country back to work and the economy on the path to recovery.

The Republican campaign slogan for 2012 should be: "Give Money to Rich People and They'll Make Sure We Are All Taken Care Of." Do you think that would sell?

As I said, any working man or women in American who supports these clowns needs to give their head a good shake.

(Cross-posted at Lippmann's Ghost.)

The eyes of Texas

By Capt. Fogg

It's no secret that Florida's economy is hurting more than that of many other states, but I'm sure it would be much worse if our sales tax cap on yachts costing more than a quarter million weren't in place. Of course mine didn't cost quite enough for me to benefit significantly, but it's gratifying that some of my friends saved enough to pay for a few thousand gallons of fuel. I'm sure it puts a smile on the faces of the many who have to choose between lunch money for the kids and driving to work. I'm sure that the several of my neighbors in foreclosure are altruistic enough to be glad those with that level of disposable income might use the savings on that Taiwan built vessel for an extra trip to the Abacos this summer.

Texas, which has a share of the yacht trade, is jealous, which is an extraordinary thing to say of our second biggest state with its continental sized self esteem. A Republican sponsored bill to cap the sales tax on yachts is now out of committee and will be considered by the Texas House along with deep cuts to education, nursing homes and other things that benefit only the surplus population.

The eyes of Texas are on taxes and the rest of us are watching.

(Cross posted from Human Voices)

Rise against the Republican plutocratic agenda

By Michael J.W. Stickings

The Republican Party is, when you get right down to it, a party of greed and cruelty wrapped up in theocratic moralizing. (It's hardly any wonder that Donald Trump is doing so well, nor that Franklin Graham, one of the party's chief theocrats, is saying such nice things about him.) And perhaps the core of the Republican agenda, more important than the social conservatism, is tax policy that benefits the rich, both individual and corporate, at the expense of everyone else, that punishes everyone else, and especially the poor and others most in need of help, for not being rich.

This has been the case for a long time, but increasingly, it seems, in these difficult economic times and with the American economy (and American hegemony) in such dire straits, likely never to recover, let alone to be what it once was, Americans are waking up to what Republicans are all about and expressing their opposition. The Tea Party expresses the rage of the right, anti-government rage that complements the Republican agenda. This new opposition, garnering less media attention, expresses not the counter-rage of the left, nor even rage at all, but a genuine concern for fairness, compassion, and fiscal sanity in American politics.

Here's Think Progress:

All across America, a Main Street Movement has broken out to defend the middle class against right-wing attacks on labor rights and basic public services. In recent days, this movement has turned on GOP House members who voted to effectively end Medicare and turn seniors over to private insurance companies when they approved Rep. Paul Ryan's (R-WI) radical budget bill.

On Tuesday, Rep. Sean Duffy (R-WI) was the latest congressman to face the ire of Main Street America during a town hall event with constituents who stopped being polite and started getting real.

First, constituents explained they were upset that Ryan's plan would cut off people under the age of 55 from Medicare. Then, others directly challenged Duffy about defending tax breaks for the wealthy for voting to effectively replace Medicare with a voucher system.

Ryan himself, supposedly a courageous advocate for fiscal sanity but really just a right-wing extremist whose focus is on tax cuts for the wealthy and spending cuts to programs for the poor, was challenged by his own constituents the other day. And Republicans are facing significant criticism over their support for Ryan's Medicare-slashing plan.

I suspect we'll see more and more of this. Or, at least, I hope we do. It's time for Americans to say enough is enough to the greed and cruelty of the GOP.

Here's the Duffy clip:

Ayn Rand devotee Paul Ryan gets booed by his own constituents

By Michael J.W. Stickings

To Republicans, Rep. Paul Ryan of Wisconsin is a superstar. To many in the media, he's a towering oracle of economic wisdom. To many in the Democratic Party, he's a political giant far too formidable even to question.

And so Ryan, a worshipper of Ayn Rand, gets away with spinning his right-wing extremism without much of a challenge, except from a few lone liberal voices like Jon Chait and Paul Krugman and from some of us outside the media/political establishment on the left of the political blogosphere.

He is widely touted as one of the true heroes of the moment, if not of our time, a courageous campaigner for fiscal responsibility, for balanced budgets and getting America's economic house in order at long last. And yet what he really is is a campaigner for the same old right-wing Republican economic policies, just with a pretty face and broad media appeal. His version of fiscal responsibility, a pretty standard conservative one, involves cutting programs for the poor and cutting taxes for the rich.

To their and their country's shame, most people don't much care about the poor, who barely have a voice in Washington. Most people also oppose cuts to major entitlement programs like Social Security, and so Ryan, like the rest of his party, doesn't want to go there. Nor, of course, does he support significant cuts to military spending, which would certainly help balance the budget. But the key is that Ryan wants to do everything he can to give the rich as much as possible at the expense of everyone else, not just the poor but everyone who isn't rich, including the middle class, or what's left of it. And in supporting tax cuts for the rich, Ryan exposes himself not as a crusader for fiscal responsibility but as your typical Republican, a party of the rich, by the rich, and for the rich, a party that suckers the non-rich into voting for it by playing to deep-rooted fears about race or terrorism or whatever other Other it identifies as a vote-winner.

But you know what? Tax cuts for the rich aren't popular. At all. Republicans generally try to hide their support for such cuts, but they just can't do that anymore, or at least it's more difficult for them to do so, and more and more their real agenda, their plutocratic political agenda, is being exposed. People just need to pay attention.

Which is precisely what some of them are doing, including in Ryan's own district, where this week he was actually booed at a town hall for advocating tax cuts for the wealthy:

In a video posted by ThinkProgress, an attendee at the event this week told Ryan that he believes the rich should pay higher taxes to help close the deficit and strengthen Social Security.

"The middle class is disappearing right now," he said. "During this time of prosperity, the top 1 percent was taking about 10 percent of the total annual income, but yet today we are fighting to not let the tax breaks for the wealthy expire?"

Ryan protested that "We do tax the top," before being drowned out by the audience's jeers.

Here's the clip. Hopefully it's just the start of what Ryan and the GOP deserve, which is the disapproval of voters and, come next November, votes for the other side.

(And instead of cowering in fear before Ryan and his media-enhanced stardom, Democrats should learn from this, as from all the polls showing public opposition to tax cuts for the rich, and counter the Republican agenda with a fair, sensible, and compassionate alternative that doesn't crush the poor, punish the middle class, and let the rich rape and pillage at will.)