Wait A Second.

Politico reports that Republicans are protesting that the Democrats are refusing to help them undo automatic cuts to the defense budget agreed as part of the previous debt ceiling deal. Apparently, allowing these automatic cuts to government spending to take effect would risk plunging the US economy back into recession:

http://www.politico.com/news/stories/0512/76749.html

Sen. Harry Reid’s refusal to “back off” looming cuts to the Pentagon won’t just harm the nation’s security, Republicans say. It could plunge the fragile U.S. economy back into a recession next year.

GOP defense hawks struck back at the Senate majority leader Thursday for insisting he won’t stave off or delay $600 billion in automatic defense cuts unless Republicans budge on new revenues.

President Barack Obama’s top military advisers, including Defense Secretary Leon Panetta, have warned that the so-called defense sequestration would weaken national security, Republicans said. And a report from the nonpartisan Congressional Budget Office this week handed the GOP more ammunition: It concluded that spending cuts and tax hikes set to take effect in January would stall the economic recovery — at least in the short term.
Yes. Republicans, who have been busy blaming Obama’s stimulus package and increased government spending in general for the current slow rate of economic growth in the US, now say that cutting government spending would put the recovery in jeopardy. Hmm.

 

Okay, so what do we learn from this snazzy little pirouette by congressional Republicans? Wait, “learn” is the wrong word, let me rephrase. What tired, depressing old certainty is reinforced upon our weary souls by this latest spat?

1. When Democrats expand or maintain government spending for their pet projects (infrastructure, public services, welfare), it increases the deficit, adds to the national debt and is a grave mistake, but when Republicans expand or maintain government spending for their pet projects (like defense), they are taking vital steps to prevent a double-dip recession.

2. People will invoke the Congressional Budget Office to win an argument whenever the CBO pronouncement supports what they want to do, and they will ignore it or trash it if the CBO pronouncement suggests that what they want to do may be unwise.

Neither party exactly makes a serious play for the fiscal responsibility trophy here, but for sheer, barefaced hypocrisy on the matter, it is definitely the Republicans who flunk this round.

On Young Voters And The GOP

Republicans - GOP - Young Voters

At least some people in the Republican Party seem to have woken up to the demographic timebomb ticking away under their feet, and have started to lament, if not yet analyse, the fact that the vast majority of young people in America today would sooner give up their loud music and Pac-Man video games (or whatever it is that young people do for fun these days) than vote for a GOP candidate in a presidential election.

There is an article worth reading on this topic by Jeff Jacoby in today’s Boston Globe, entitled “As Dems rack up debt, youth should flock to GOP”.

Mitt Romney is apparently the latest Republican to develop a sense of outrage that no one outside of the grey haired brigade would be seen dead voting for him:

‘I don’t mean to be flip with this,’’ said Mitt Romney during a Q&A with students at the University of Chicago last week. “But I don’t see how a young American can vote for a Democrat.’’ He cheerfully apologized to anyone who might find such a comment “offensive,’’ but went on to explain why he was in earnest.

The Democratic Party “is focused on providing more and more benefits to my generation, mounting trillion-dollar annual deficits my generation will never pay for,’’ Romney said. While Democrats are perpetrating “the greatest inter-generational transfer of wealth in the history of humankind,’’ Republicans are “consumed with the idea of getting federal spending down and creating economic growth and opportunity so we can balance our budget and stop putting these debts on you.’’

At which point the needle on my “Are You For Real?” machine jolted as far toward the “You Must Be Kidding” end of the spectrum as it could go before the whole machine exploded in a shower of sparks.

The author himself does a good job of pouring cold water on any Republican claims to the mantle of fiscal restraint:

But that debt wasn’t piled up without plenty of Republican help. During George W. Bush’s presidency, annual federal spending skyrocketed from $1.8 trillion to $3.4 trillion, and $4.9 trillion was added to the national debt. Bush left the White House, in fact, as the biggest spender since LBJ . Granted, the profligacy of Barack Obama has outstripped even Bush’s bacchanal: CBS reports that Obama has added more to the national debt in just three years and two months than Bush did in his entire eight years. Still, younger voters can hardly be blamed if they haven’t noticed that Republicans are “consumed with the idea of getting federal spending down.’’

Therefore I do not intend to say anything more about the glaring, shameless hypocrisy of the Republicans – the party that gifted America two unfunded wars, large tax breaks not balanced by spending cuts and the joke that is Medicare Part D – laying any claim whatsoever to competency in handling the nation’s finances. Except that I will say that much of the “profligacy of Barack Obama” mentioned by the author was the result of a fiscal stimulus implemented (despite its imperfections) at a time when the US economy was in freefall, and without which the tepid recovery currently being experienced would likely be nothing but a sweet dream.

Mitt Romney and those others in the Republican Party who scratch their heads wondering why young people don’t like them miss the point entirely when they sulk that young people should embrace their economic policies. Though their fiscal policies may perhaps benefit young people in certain ways (and even this is arguable), there is no evidence based on past behaviour that they will actually have the political courage to implement them if voted into office. Old people (the beneficiaries of the “wealth transfers” that Romney claims to lament) actually vote in large numbers. Younger people don’t. The policy priorities of our political candidates duly reflect this fact.

Besides, it is not the GOP’s economic policies that are the main problem. The problem is the fact that in a bad economy, the opposition party is spending more time talking about abortion, contraception, mass deportations of illegal immigrants, repealing ObamaCare, questioning the president’s eligibility to hold office, and reinstating “Don’t Ask, Don’t Tell” and a host of other socially regressive policy positions which are anathema to a majority of young people today than they are about how to reduce unemployment and help a population ill-equipped to perform the more highly-skilled, non-manufacturing jobs of tomorrow.

Rick Santorum in particular often complains that the media focuses on his socially conservative policy positions and not his economic plan, but he can hardly expect young voters to thrust him into office on the back of his inspired ideas on the economy (spoiler – they are not that great) when they are more worried that he will cut off their unemployment insurance, or close down the Planned Parenthood centre where they go for medical care, or start a war with Iran.

It is no coincidence that the one Republican presidential candidate who actually walks the fiscal conservatism walk and who doesn’t continually bleat on about social issues and the culture wars – Ron Paul – vastly outperforms his rivals with young voters, in primary after primary.

Newsflash to Mitt Romney, Rick Santorum and Newt Gingrich:

Even if you had a cogent economic policy (which, by the way, none of you do) you will never appeal to young people by just tweaking your fiscal message a little bit. You had a choice when you started your presidential campaigns, and in your desperation to secure the party base you chose to fearmonger and rant about “taking back America”, and fret about turning into a socialist state, and speak about the importance of individal freedom in one breath while promising to impose your religious values on the whole country in the next.

Many young people would like an alternative to President Barack Obama, but you offer them nothing by way of a contrasting, conservative vision for the country that they could ever find acceptable. You offer them nothing. You offer racial minorities nothing. You offer women nothing. You offer the working poor and the unemployed nothing. And all of these constituencies will dutifully line up to vote for Barack Obama, and you will lose the presidential election on November 6th.

It could be otherwise, if only you offered the American people a genuine acceptable choice when they cast their votes.

Don’t Say Anything Mean, Don’t Say Anything Mean…

Politico reports that the former Vice President, Dick Cheney, recently received a heart transplant:

http://www.politico.com/news/stories/0312/74431.html

Cheney, 71, had been on a transplant waiting list for more than 20 months, and is now recovering in the Intensive Care Unit of Inova Fairfax Hospital in Falls Church, Va.

“Although the former vice president and his family do not know the identity of the donor, they will be forever grateful for this lifesaving gift,” Cheney aide Kara Ahern said in a statement, according to the news service.

Dick Cheney is not a tremendously nice man, at least in terms of his public work. He was the dark force behind some of the most egregious power grabs by the executive branch in recent memory, enthusiastically and unapologetically supported the use of torture by US forces, and was in every respect one of the most ruthless proponents of the worst of neoconservatism ever to have occupied high public office.

Nonetheless, the man is recovering from heart surgery so I will spare him the polemic that I normally feel like writing whenever he is forced back into my consciousness by current events.

However, I can’t help but allow myself a little chuckle when I think back on this old article from The Onion:

http://www.theonion.com/articles/new-heart-device-allows-cheney-to-experience-love,2294/

New Heart Device Allows Cheney to Experience Love. Image from TheOnion.com

That is all. For now.

The Daily Beast Falls Under The Santorum Spell

Rick Santorum

Oh dear. The good people over at The Daily Beast have heeded the call of the Pied Piper of Pennsylvania and endorsed the never-gonna-happen pro-manufacturing-rennaissance mirage offered up by Rick “Blue Collar” Santorum.

Of course, they are at pains to distance themselves from his more extreme social policy positions, and they get that out of the way at the beginning:

“There’s a lot not to like about Rick Santorum on the social-issues front. He’s an anti-abortion absolutist, no fan of gay rights, and possesses politics so influenced by faith that even contraception remains controversial in his mind.”

But after this, and a couple of disclaimers about the effect of such a manufacturing policy on the budget deficit, they are all praise:

“But at least the man is making a bold proposal that attempts to address an issue that has helped destroy the jobs that used to enable families to get on the first rung of the ladder out of poverty. Rather than simply having products designed in the U.S.A. and then produced overseas, an added incentive to make things in America could help tip the scales back in favor of American manufacturing. It might help make a real dent in our half-trillion-dollar trade imbalance with China and other countries.”

Okay, firstly: future manufacturing jobs will be more highly skilled and require a greater level of education or prior training than many of those displaced by the decline in manufacturing currently have. They aren’t going to get these jobs, if employers bother to create them in the US at all, despite a big tax giveaway. Those jobs that don’t require this higher level of skill won’t offer a rung on the ladder out of poverty any more than an entry-level job in the service sector.

Secondly: What if I write and distribute an awesome piece of new software? What business is it of the government to tell me that my work isn’t as worthy as that of someone else who opened a factory or a sawmill? Are we supposed to pick winners now, based on perceived societal good? The Daily Beast seems to lean to the left somewhat so I can understand them espousing this argument, though I vehemently disagree with it.

But my point remains: a Republican – especially one who rails about government handouts to individuals and bailouts to Wall Street and Detroit – has no business espousing policies to favour one segment of the economy over the other. I mean, that’s European/Soviet style planned-economy socialism, right?