‘The party of ideas’
Posted inPolitics: National

‘The party of ideas’

1024px-CPVI_for_115th_Congress
Here's something that baffles me about this moment. The right-wing captured Republican Party has complete control over Congress and the White House, as well as growing numbers of federal judges. Damage abounds. But based on their rhetoric and the desire of their voters…

…Why not enact a new version of the Immigration Act of 1924? This was a backlash against decades of record immigration and set strict quotas on people allowed to come, based on their country of origin (hint: big plus for whites, but also no restrictions on Latin Americans). These were in place until 1965 and, uncomfortably for liberals, coincided with the zenith of the American middle class. Congress, firmly in Republican hands and facing no presidential veto, has the absolute power to do this.

…Abolish the Department of Education, Department of Energy, Department of Health and Human Services, Department of Transportation, Department of Housing and Urban Development, and the Environmental Protection Agency. Again, the Republicans have the complete power to do this. None of these entities existed in 1960, when America was "great." Devolve the responsibilities to the states.

…Repeal the Clean Air Act and the Clean Water Act. It's a longstanding article of faith among conservatives that these are both unconstitutional and bad for the economy. Poof! Gone. Strict interpretation of Article 10 would allow states to impose environmental laws — or try to, facing right-wing federal judges — but it's not something enumerated in the Constitution for the national government.

Republicans, never more in lock-step with the most extreme agenda of their party, could do this. It could avoid the third rail of Social Security. True, it can't outlaw abortion (and birth control), force prayer into public schools, or reverse the gains of LGBTQ people. But the above would be monumental victories, on the order of the New Deal, Great Society, or Trump's beloved Jackson era. They might last only two years — but maybe not, given GOP control of the Census, gerrymandering, vote suppression, and divisions among the Democrats.The GOP couldn't accomplish these sweeping changes under Reagan (when it branded itself as "the party of ideas") or George W. Bush. Now it could.

Yet it didn't. This is fascinating.

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Posted inPhoenix

Hey, y’all, watch this!

Since at least the 1980s, the Arizona Republic and its successor, The Information Center, have periodically rolled out campaigns to make the economy more than attracting freezing Midwesterners and building sprawl. I did my time in the trenches on several of these efforts earlier in the decade. The work continues with a Sunday story about attracting high-paid jobs and diversifying the economy. On the Viewpoints front, we find a piece explaining the stakes and solutions by Ioanna Morfessis, the first president of the Greater Phoenix Economic Council. Then there is the obligatory rebuttal by the Local Krackpot "Think" Tank: "Cut taxes and incentives to create jobs." Also: "Reducing government red tape would also create a job-friendlier climate."

And does anyone wonder why Phoenix and Arizona keep falling further behind? First, why does the "Goldwater" Institute have standing to weigh in on anything? It's an advocacy group funded by national "conservative" interests, repeating national talking points just like all the other right-wing "think tanks" that were seeded around the country out of the Mont Pelerin Society and other wealthy reactionary groups in the 1980s and 1990s. It is like PETA or the NRA. In no way is it an organization that does real research. And after years of the same old lines, what does it have to say that's new? What does its sock puppet on the editorial page have to say that's new? Nothing. Can't the Info Center find even one independent conservative voice to write something that's relevant and interesting?

More importantly: The ideology so relentlessly peddled by the "Goldwater" Institute has run Arizona for years if not decades. Its polemicists always strike the pose of victims standing up against the hordes of socialists that control everything — but it's a lie. They won. They're sore winners, out to quash any dissenting voices. Now they must continue to distract, keep the poor talk-radio zombies thinking that guv'munt is the problem. They must continue to carry water for the Real Estate Industrial Complex, which really controls the state (Please, God, give me one more boom…). All this because their ideology, implemented with ruthless, relentless effectiveness, has driven Arizona into the worst depression in its modern history. Their ideas have been tried and failed. And still they rule the day.

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Posted inUncategorized

The danger to the economy: Size does matter

One of the biggest underlying problems behind the financial crisis is size. These are the wages of years of mergers and industry consolidation, combined with weak or non-existent regulation. Thus, Wachovia today posted a loss of $8.9 billion — enough to add to the public funding of Amtrak by nearly eight-fold. In a healthy market economy, a bank with such performance could simply be allowed to "fail," with depositors covered by the FDIC and the shareholders who enabled the disaster taking the fall.

But Wachovia is too big to fail. Like its cousin investment banks on Wall Street and Freddie Mac and Fannie Mae, its collapse could bring down the entire economy. If necessary it will be propped up, as the Fed and Treasury have done with those other giants. (The immediate damage: $25 billion). That’s your money. Of course, the executive class will continue to take home tens-of-millions paychecks as a reward for these disasters.

And yet, the brain surgeons in the executive suites of Wachovia are merely trying to fix the bank enough to sell it. Jamie Dimon’s JPMorgan Chase seems to be the last shopper standing at the garage sale of the American economy. The result, in addition to calamity in Wachovia’s hometown of Charlotte, will be an even bigger behemoth to hold taxpayers hostage next time.

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Posted inPolitics: National

Making serious economic reform, part I

The candidates are giving speeches on the economy, ranging from Obama’s correct diagnosis that corporate political power has driven much destructive policy to Clinton’s programmatic wonkishness to McCain saying speculators should receive no federal bailout. Unfortunately, he means individuals who face foreclosure, not the big financial institutions that caused the housing and mortgage collapse.

The nation faces more economic challenges than at any time since the Great Depression. But overall America is so wealthy that the stresses and dangers are concealed; their most severe consequences may not be felt for decades. Nobody has all the answers, but I will lay down some markers to watch. These are based on history, the test of time and the reality of today’s economy. I wonder if the candidates will address them (we already know McCain’s answer)?

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