We Tried Their Way, It Didn’t Work

Posted by on Jul 1, 2011 in Government | No Comments

I love a good rant, and Kevin Drum at Mother Jones sure has a good one.

Republicans got the tax cuts they wanted. They got the financial deregulation they wanted. They got the wars they wanted. They got the unfunded spending increases they wanted. And the results were completely, unrelentingly disastrous. A decade of sluggish growth and near-zero wage increases. A massive housing bubble. Trillions of dollars in war spending and thousands of American lives lost. A financial collapse. A soaring long-term deficit. Sky-high unemployment. All on their watch and all due to policies they eagerly supported. And even worse, ever since the predictable results of their recklessness came crashing down, they’ve rabidly and nearly unanimously opposed every single attempt to dig ourselves out of the hole they created for us.

But despite the fact that this is all recent history, it’s treated like some kind of dreamscape. No one talks about it. Republicans pretend it never happened. Fox News insists that what we need is an even bigger dose of the medicine we got in the aughts, and this is, inexplicably, treated seriously by the rest of the press corps instead of being laughed at.

This is something I ponder almost daily. To a large extent for an entire decade the Republicans got everything, I mean everything they wanted. And the result, the situation Obama inherited. Yet they are proposing more of the same and the media seems to forget what happened in the last decade when these exact same policies were implemented.

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