by JOHN CASHON, Cashon Delivery
There are 'Makers and Takers' according to many in the Republican Party. Governor Romney believes 47 percent of the population believe they are entitled to the government giving them healthcare, food and housing. Representative Ryan says that 30 percent want the welfare state.
These long held beliefs, by the far right, have continued to simmer all these many years since the days of the enactment of the Social Security Act. It was believed the Great Depression helped enable these great changes to how the government functions for the people, and they have resented it, year after year, because it became so successful.
Another great recession has occurred and the strategy being employed today is to use the economic downturn to return things back to the good ole days before Franklin Roosevelt messed with the rightful duty of the government; staying out of everything and letting businesses and the states to do as they please. Just let them run the show and everyone will see they are correct.
With the Tea Party successes in 2010 and 2012, there has been an fevered anticipation by the Republicans that the 2012 Election will be their time to make those changes while the populous is divided. They believe the time is now, and they are not pulling any punches.
The Republican narrative has been that President Obama didn't understand the economy and that his measures to fix it have been disastrous. Democrats have been saying that austerity measures would only hurt the economy and would make things worse. So, who is correct?
Nicholas Kristof, from The New York Times, wrote in his article, Romney's Economic Model about this far right methodology:
"The International Monetary Fund this month downgraded its estimates for global economic growth, with only one major bright spot in the West. That would be the United States, expected to grow a bit more than 2 percent this year and next.
In the last few years, Germany and Britain, in particular, have implemented precisely the policies that Romney favors, and they have been richly praised by Republicans here as a result. Yet these days those economies seem, to use a German technical term, kaput."
So, apparently President Obama's approach to helping the country during the Recession by using a stimulus was more successful than the methods used in Europe. According to the rhetoric about socialist Europe, this would not be surprising that they are not doing well, but this time, they followed the Republican principles of 'Austerity' to solve their economic problems.
Kristof asks the reader, "Is Europe a fair comparison? Well, Republicans seem to think so, because they came up with it. In the last few years, they've repeatedly cited Republican-style austerity in places like Germany and Britain as a model for America."
With the United States using a Keynesian economic theory by using a stimulus instead of austerity measures during an economic downturn, it has been proved that Europe fared much worse than the United States has, even though we have had a slow ride out of this recession.
Although it has been a rough few years, it could have been much worse. Kristof states that President Obama could argue, "If you want to see how Romney’s economic policies would work out, take a look at Europe. And weep."
Which would you prefer?
Via John Cashon