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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump 'is destroying the government': Former Reagan aide says
Trump is destroying the government: Former Reagan aide says Republicans are hypocrites on the stimulusIn 2009, when Barack Obama proposed a relatively modest economic stimulus one that Paul Krugman, among others, warned was roughly half the size that was needed Republican politicians and economists screamed bloody murder. Now, with COVID-19 panic gripping the world, and a Republican in the White House, its a totally different story. Surprise, surprise. As David Dayen noted Wednesday, the stimulus package the U.S. Senate may have passed by the time you read this is not a $2 trillion bill, [but] closer to $6 trillion, since bailout money helps capitalize $4.25 trillion in leveraged lending by the Federal Reserve.
The reason why things are different now is mainly because of rank partisan hypocrisy. Libertarians, Austrians and other far-right groups love Trump because he is destroying government before their eyes. They even give him a pass on easy money, although he has nominated a crank Austrian gold-standard nut, Judy Shelton, to the Federal Reserve Board. The second a Democrat is elected they will go back to the scorched-earth policy they followed under Obama, hope he fails, and they can go back to grifting and being assholes.
https://www.rawstory.com/2020/03/trump-is-destroying-the-government-former-reagan-aide-says-republicans-are-hypocrites-on-the-stimulus/
dchill
(38,474 posts)beachbumbob
(9,263 posts)klook
(12,154 posts)This stood out to me:
"Becoming habituated to GOP hypocrisy is a crucial part of how and why they continue to get away with it. Normalizing bad-faith politics, to put it another way, is a central goal of bad-faith politics."
JHB
(37,159 posts)Longer, if you count the pass they gave on the Reagan-Bush soaring deficits because it cut high-end taxes. Decapitated them, better to say.
The swings and hypocrisy have gotten more blatant over time, but this has been going on for a very long time. Don't erase Newt, don't erase Dubya & Cheney, don't erase Mitch and his comrades hobbling recovery just so Obama wouldn't benefit.
It's not just Trump. There is no "Trumpism", just Republican standard operating procedure.
klook
(12,154 posts)They opposed the FDR-era attempts to use Keynesian stimulus, and they hated that WWII proved them wrong. The "drown government in the bathtub" philosophy of Republicans since Reagan continues this harsh worldview, with unfettered big business as their lord and master.
duforsure
(11,885 posts)Has Putin got trump so compromised and in debt he has to do this or be exposed by him ? Is this Putin getting revenge?
Midnight Writer
(21,753 posts)LisaL
(44,973 posts)LisaL
(44,973 posts)Wounded Bear
(58,648 posts)"Every business leader we've had in is saying not just taxes, but also the regulation," Bannon said.
"I think the consistent, if you look at these Cabinet appointees, they were selected for a reason and that is the deconstruction-- the way the progressive left runs, is if they can't get it passed, they're just gonna put in some sort of regulation in -- in an agency. That's all gonna be deconstructed and I think that that's why this regulatory thing is so important," he said.