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CON-servative

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All you need to know about the experiment in right wing governance that we have been engaged in since 1980:

http://news.yahoo.com/s/yblog_thelookout/20110614/bs_yblog_thelookout/workers-share-of-national-income-plummets-to-record-low

http://news.yahoo.com/s/yblog_thelookout/20110223/ts_yblog_thelookout/separate-but-unequal-charts-show-growing-rich-poor-gap

It has been a record of miserable failure.

It remains to be seen if the American public will allow itself to continue to be abused.

Comments

jayhawklawrence 2 years, 10 months ago

One of the most interesting debates I have seen in a long time occurred yesterday on GPS with Zareed Zakaria. Robert Reich and David Stockman were his guests and they discussed economic policy of the past, present and future.

Here is one link I found:

http://www.tnr.com/blog/jonathan-cohn/90264/what-honest-economic-debate-looks

This was the kind of discussion and debate that I would like to hear more.

Personally, I think Reich is a very brilliant and creative guy and I have no doubt that some of his idea(s) are worth meditating on and have merit, but I am not a disciple of his economic world view at all.

I think there is much to learn from listening to David Stockman. He gives an accountants perspective on our current situation.

Best new quote I have heard lately:

Zakaria saying that today's Conservatives are now similar to the Marxists in that they have theories that have nothing to do with reality.

Or...

David Stockman referring to the Democrats and Republicans as the Keynesians on the Right and the Keynesians on the Left.

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gkerr 2 years, 10 months ago

To all who blame conservatives for EVERYTHING,

Like I said on another thread, but in the context of this one it bears repeating:   Most conservatives I know were against the bailout of banks, wall street, unionized American auto makers who were bankrupted by overgenerous union perks, and the 800 billion dollar program to stimulate the economy, which of course did no such thing. You attack greedy corporate fat cats and corporations cozy with the government.  Good for you.  I do too and so do most sane Americans.  Before you seethe more at republicans be aware, if you are not already aware but ashamed to admit it, that most Wall street fat cats, New York bankers, media elites, entertainment elites, corporate elites are democrats or democrat supporters.  GE's Immelt has been in bed withe Dems for years, same with Google Mogels, Silicone valley billionaires, BP executives, Cap and Trade investors, denizens of the Hamptons, Martha's Vinyard, Cape Cod, Warren Buffet, the 200 plus Soros front corporations, big Law, big labor,  big education, even big Pharma, Big medicine, Toni neighborhoods of New York, Chicago, Boston, etc. are all Democrat heavy areas.  Dems dominate the elites.  Elites love the Dems cause they are a bit easier to buy than the Republicans who are all too ready to sell themselves as well.  

I want individual citizens empowered, not corporate elites and not government.  Government corruption and abuse, greed and isolation of politicians from their citizens, is a travesty.  Corporate, business, nonprofit, and cultural elites buying corrupt politicians is a travesty as well.  Enough is enough.  

Look we are by many accounts (ex: USA today and  Bill Gross of Pimco bond fame) between 61 and 100 trillion in debt based on Federal government services already in arrears and promised services with no visible means of paying for themselves by any accounting standards.   100 trillion dollars is a whole lot of money, 100,000 billion dollars to be exact.  Government especially Federal government but some state governments as well are out of control and corrupt, really corrupt.  It's time for tough love.  It is time for all us cool aide drinkers to wake up and quit looking at our friends through rose colored glasses and our Imagined and real enemies through the jaundiced yellow lens? Gkerr

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jayhawklawrence 2 years, 10 months ago

If you are a referee watching the conservatives and the liberals arguing over tax policy, you only have to look at the $14 trillion plus debt and realize that spending and tax cutting is the only way you get to this point.

Let's face the fact that the American voter allowed it to happen by electing these people starting back with Reagan. I remember when Mondale was making a big deal out of the deficit and look what it got him. He was hammered by Reagan because Americans didn't know or didn't care what Mondale was talking about.

At the end of the day, all the name calling and the blame game doesn't explain that we have created a Frankenstein called the US economy and we don't know whether we can fix it before it kills itself and us.

The problem we have today is that we invested in the development of a huge industrial base overseas that was focused on destroying our industrial base and our middle class jobs. It was not for the benefit of the American people.

There must be something in our history that makes us prone to destroying ourselves in the pursuit of wealth.

Why would a guy as smart as Greenspan stand back and watch the housing industry blow itself up and do nothing about it?

We cannot predict what an even more dangerous Congress will do to hurt this country but with the kind of massive cuts that are being proposed by the candidates, I think we should start storing food and water and ammunition in our basements.

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Timothy Eugene 2 years, 10 months ago

"He that is good for making excuses is seldom good for anything else." - Ben Franklin

Yup.....that describes a liberal alright........it's always someone elses fault.

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George Lippencott 2 years, 10 months ago

Bea said:

It isn't that difficult a leap to see the connection.

Big salaries will happen dispite no tax breaks. The salary is a cost of doing business and as such reduce tax liability. I guess we could change the tax law. Why did we not when Mr. Obama held all the cards??

We used to handle large salaries by taxing them. At best Mr. Obama has proposed to raise taxes on the super rich by 4%. We need to go back to the Pre -Reagan rates on the rich. For that the Republicans are in part to blame. But with those big donors i am not sure the Dems would raise the taxes and many of thenm voted at one time or another to lower the rates.

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George Lippencott 2 years, 10 months ago

Bea you are wrong

What Republican proposed the break for Olive Garden. Yes Republicans propose tax breaks for business as do Democrats in almost equal numbers

Mrs Pelosi tried in August of last year to raise taXES on those above $350K. She could not hold her caucus ansd it never came to the floor

Mr Obama was not supporting letting the Bush tax cuts end as it would have taxed people below @250K - a promise he made to not do

Ducked those donors didn't you. That is where all the goodies on tax breaks start - big donations.

You know better Bea

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George Lippencott 2 years, 10 months ago

beatrice (anonymous) says… “The company that owns Olive Garden, Darden Restaurants, gave their CEO a compensation package worth $7.7 million last year. Darden is asking for tax money from the citizens of Lawrence to open an Olive Garden. "

Please tell me about the pro business legislation supported by Republicans that led to that salary.

Nobody has introduced or passed legislation on salaries as it is not clear we can legislate them. Certainly Mr. Obama had the ability to do that in the first two years of his term. He didn't. He could not even get his totally controlled House to pass a tax increase on the rich.

Tell me about his asking his rich donors to bring in $350K each for his 2012 campaign. Certainly they are all operating in our best interests and WLL NOT seek to sleep in the Lincoln Bedroom or worse.

Tell me about the Democratic parties support for ethanol subsidies which lead to some companies having little tax liability.

I wish we could all fall back and agree we are not being well served by many of our elected officials of both parties.

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beatrice 2 years, 10 months ago

The company that owns Olive Garden, Darden Restaurants, gave their CEO a compensation package worth $7.7 million last year. Darden is asking for tax money from the citizens of Lawrence to open an Olive Garden.

I believe this is an example of the abuse of taxpayers by wealthy corporations that speaks to Scott's argument against the so-called pro-business legislation largely supported by Republicans. The message seems to be, "Get government out of the way of business ... except when they want your tax money or massive tax cuts." On the local level, it seems to be a perfect example of the type of pro-business legislative abuse Scott finds offensive. I would agree.

Of course, if you think your taxes should go to help open businesses like an Olive Garden - knowing that the profits from which will remain in private hands - then maybe you disagree with Scott.

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Flap Doodle 2 years, 10 months ago

scotty, I'd advise you to keep ranting about how everyone who doesn't agree with you is stupid. That's the way to win friends & influence people! Look how much you've accomplished with that tactic already.

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Liberty_One 2 years, 10 months ago

It's quite true. Under Carter we had some deregulation and some decrease in the size of government, but ever since Reagan took over, the federal government has grown and grown and grown so that now it controls the entire economy. If we went back to capitalism we could reverse these trends, but some folk naively think that the government can run the economy for everyone as long as people from their "team" are in charge. Don't they know the Republicans and Democrats are on the same team and neither are on our team?

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BigAl 2 years, 10 months ago

Reagan (the Republican God) raised the debt ceiling 17 times. G.W. Bush raised the debt ceiling 10 times. Now comes Obama and he wants to raise the debt ceiling once and the right wingers and the tea-party are about to have a coronary? Where were they when Reagan and Bush both ran up huge deficits and raised the debt ceiling multiple times?

Partisan politics at it's finest.

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ksrush 2 years, 10 months ago

Larryville," the little dot of blue in a sea of red". Thank goodness the nutjobs are kept in a small area

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Mike Ford 2 years, 10 months ago

I always wonder who spiked the kool aid in the 1980's. It seemed from about 1982 on part of this country just went ape&%$! with corporate handouts and supply side economics and cutting school lunches and the BIA budget. Before any of the usual clowns yell handout realize that if people pay taxes their government should either honor treaty obligations or lookout for the less fortunate. What bothers me is how stupid these people are. They want no regulation and yet they fail to realize that no regulation leads to the mess Obama inherited. These clowns yell against regulations and yet do they behave without them...no. Enron? no Haliburton? no Fannie and Freddie Mae? no Jack Abramov? no Duke Cunningham? no What's even more telling is when David Stockman, a member of the Reagan administration calls the whole GOP economic plan a failure. Do these people ever look in the mirror or is the head in the sand more conveinient?

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overplayedhistory 2 years, 10 months ago

How are those 401Ks Reagan sold you doing Babyreaganbomindemocrats? Doing as well as you thought? 30 years proof with age wisdom does not necessarily follow, unless you consider blind not too truthy idolatry wisdom.

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Flap Doodle 2 years, 10 months ago

scottie, your continuing behavior of hopping up and down with your little fists clenched and muttering about how stupid everyone else is marks your impotent rage.

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scott3460 2 years, 10 months ago

Posting facts is impotent rage, huh? Well, the irony of your response post is not lost on me (and I expect other thoughtful folks.) Thanks for demonstrating yet another example of right wing projection of their, ahem, shortcomings on to others.

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Flap Doodle 2 years, 10 months ago

The impotent rage of bitter, disappointed progressives.....

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ksrush 2 years, 10 months ago

It has been a record of miserable failure.

It remains to be seen if the American public will allow itself to continue to be abused.

Actually the most interesting part of your attempted slam is the following :

Still, there's little sense that either Obama administration or Congress plan to do much about this growing inequality. Indeed, any serious action to boost the economy and cut unemployment now seems to be off the table. That pretty much summs it up. Thank you

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witchfindergeneral 2 years, 10 months ago

"It remains to be seen if the American public will allow itself to continue to be abused."

It basically comes back to the "what's the matter with Kansas" issue: many, if not most, poor/ish social conservatives are willing to tolerate economic policies which do not benefit them in any way whatsoever--or they perhaps don't care to follow such policies--as long as the Republican politicians they traditionally vote for are perceived as "family values" candidates. It's a crooked and deceitful strategy, but I have to admit that it's highly effective.

One can only hope there will come a day when basic economic needs will outweigh religious issues in this country, but I doubt it will come anytime soon...

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