The Republican Contest
NYT editorial
Where the Iowa caucuses illuminated the dark essence of social conservatism, the New Hampshire primary was a journey into the dingy, cramped quarters of the right wing’s economic policies.
The Republicans ritually denounced President Obama as hostile to capitalism, disdainful of individual enterprise and lacking in ideas for reviving the economy. All they had to offer were economic ideas that not only are inadequate for that purpose but were instrumental in creating the nation’s current economic problems.
In a flailing effort to address the pain of the middle class, the Republicans repeated familiar charges that Mr. Obama advocates a redistribution of wealth. Gov. Rick Perry of Texas outright called him a socialist. Newt Gingrich tried to focus national anger about income inequality with a faux populist assault on Mitt Romney’s participation in the frenzied world of leveraged buyouts.
It was all exactly backward. Americans are angry about income redistribution — from the middle class to the tiny sliver at the top, not from the top down. Leveraged buyouts were only one factor in the growth of the income gap. Also to blame was a host of benighted economic policies advocated by Republicans for the last 30 years.
(More here.)
Where the Iowa caucuses illuminated the dark essence of social conservatism, the New Hampshire primary was a journey into the dingy, cramped quarters of the right wing’s economic policies.
The Republicans ritually denounced President Obama as hostile to capitalism, disdainful of individual enterprise and lacking in ideas for reviving the economy. All they had to offer were economic ideas that not only are inadequate for that purpose but were instrumental in creating the nation’s current economic problems.
In a flailing effort to address the pain of the middle class, the Republicans repeated familiar charges that Mr. Obama advocates a redistribution of wealth. Gov. Rick Perry of Texas outright called him a socialist. Newt Gingrich tried to focus national anger about income inequality with a faux populist assault on Mitt Romney’s participation in the frenzied world of leveraged buyouts.
It was all exactly backward. Americans are angry about income redistribution — from the middle class to the tiny sliver at the top, not from the top down. Leveraged buyouts were only one factor in the growth of the income gap. Also to blame was a host of benighted economic policies advocated by Republicans for the last 30 years.
(More here.)
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1 Comments:
Just so I understand, profits (or losses) by Arthur (Sulzberger) are OK, anyone else who makes or losses money is evil? Perhaps the Gray Lady editorial staff would be better off if they focused on their own 1% problem – freezing pensions for foreign citizen employees in overseas bureaus while granting a $15 million golden parachute to Janet Robinson. No wonder many conservatives view liberals as the “Do as I say, not as I do” gang.
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