Showing posts with label Trump care. Show all posts
Showing posts with label Trump care. Show all posts

Monday, September 25, 2017

Today's GOP: Caught in Its Own Lies


For many years now, the basic agenda of the GOP has been based on lies.  This traces all the way back to Reagan era promises that tax cuts and trickle down economics would work.  It didn't and it hasn't, yet 37 years latter the same lie is being repeated over and over by GOP candidates and elected officials.  Here in Virginia, GOP gubernatorial candidate Ed Gillespie is promising tax cuts that would leave a $1.4 billion gap in the budget just as was done in Kansas to disastrous effect.  Like Kansas, Gillespie has not solid plan for where replacement funds would come from.  More recently, of course, we had the Bush/Cheney lies that took the nation to war in Iraq, again with disastrous results.  This debacle has been followed by 8 years of Republican lies aimed at Barack Obama and his policies to the delight of racists within the GOP base.  Now, with the GOP controlling Washington until January, 2019 when things will hopefully change, the party is faced with trying to implement policies based on falsehoods that are becoming glaringly obvious to except the most deranged of the Kool-Aid drinking GOP base. The policies cannot work because they were false from the start.  A column in the New York Times looks at this growing problem of the GOP's own creation.  Here are excerpts:
On Saturday pretty much the entire medical sector — groups representing doctors, hospitals, and insurers — released an extraordinary open letter condemning the Graham-Cassidy health bill. The letter was written in the style of Emile Zola’s “J’accuse”: a series of paragraphs, each beginning with the bolded words “We agree,” pointing out the bill’s many awful features, from the harm it would do to people with pre-existing conditions to the chaos it would cause in insurance markets.
It takes a truly terrible proposal to elicit such eloquent unanimity from organizations that are usually cautious to the point of stodginess. So how did Republicans come up with something that bad, and how did that bad thing get so close to becoming law? Indeed, it still has a chance of being enacted despite John McCain’s “no.”
The answer is that Republicans have spent years routinely lying for the sake of political advantage. And now — not just on health care, but across the board — they are trapped by their own lies, forced into trying to enact policies they know won’t work.
Carl Hulse of The New York Times adds more detail: one big factor behind the push for Graham-Cassidy was anger among big donors, who wanted to know why Republicans had broken their vows to kill Obamacare. . . . . But repealing the Affordable Care Act wasn’t the only thing Republicans promised; they also promised to replace it with something better and cheaper, doing away with all the things people don’t like about Obamacare without creating any new problems. Yet Republicans never had any idea how to fulfill that promise . . . . the base, both the grass roots and the big money, believed the lies. Hence the trap in which Republicans find themselves.
The thing is, health care isn’t the only issue on which lies are coming back to bite the liars. The same story is playing out on other issues — in fact, on almost every substantive policy issue the U.S. faces.
The next big item on the G.O.P. agenda is taxes. Now, cutting taxes on corporations and the wealthy may be an easier political lift than taking health insurance away from 30 million Americans. But Republicans still have a problem, because they’ve spent years posing as the party of fiscal responsibility, and they have no idea how to cut taxes without blowing up the deficit. . . . as with health care, these lies will be revealed once actual legislation is unveiled. It’s telling that Republicans are already invoking voodoo economics to justify their as-yet-unspecified tax plans, insisting that tax cuts will pay for themselves by leading to higher economic growth.
At this point, however, few people believe them. The Bush tax cuts didn’t create a boom; neither did the Kansas tax-cut “experiment.”
Foreign policy isn’t usually a central concern for voters. Still, past lies have put the Trump administration in a box over things like the Iran nuclear deal: Canceling the deal would create huge problems, yet not canceling it would amount to an admission that the criticisms were dishonest. And soon the G.O.P. may even start to pay a price for lying about climate change. As hurricanes get ever more severe — just as climate scientists predicted — climate denial is looking increasingly out of touch. Yet donors and the base would react with fury to any admission that the threat is real, after all. [T]he bill for cynicism seems to be coming due. For years, flat-out lies about policy served Republicans well, helping them win back control of Congress and, eventually, the White House. But those same lies now leave them unable to govern.

Monday, April 24, 2017

Donald Trump's Fantasy Economics


Other than his use of executive orders to reverse Obama era regulations that will make the nation a more polluted, less safe and more discriminatory place for Americans and their children, Donald Trump has accomplished little during his almost 100 days in office.   Of, yes, he claims that he has done much, but would one seriously expect anything less from a man who suffers from narcissistic personality disorder?  Objective facts mean nothing to the man.  And in terms of the economic miracle that he promised to angry white voters in the rust belt and the backwaters of the Bible Belt, little or nothing has happened and likely never will.  At least for the non-wealthy.  As a column in the New York Times lays out, Trump's economic plans will bear a striking resemblance to that of Republican presidents from Reagan on forward: tax cuts for the wealthy and trickle down economics - voodoo economics, if you will, that have not worked once during the last 37 years.  Here are column highlights:
It’s important to note just how little the tweeter-in-chief has managed to achieve; but we also need to focus on what, exactly, it is that he hasn’t achieved.
For Mr. Trump sold himself to voters as unorthodox as well as effective. He was going to be a different kind of president, a consummate deal-maker who would transcend the usual ideological divide. His supporters should therefore be dismayed, not just by his failure to actually close any deals, but by the fact that he evidently has no new ideas to offer, just the same old snake oil the right has been peddling for decades.
We saw that on Trumpcare, where the administration outsourced its policy to Paul Ryan, who produced exactly the kind of plan you might have expected: take insurance away from millions, make it worse for the rest, and use the money to cut taxes on the wealthy. Populism!
And now we’re seeing it on taxes. Mr. Trump has promised to unveil a “massive” tax cut plan next week. This announcement apparently came as a surprise to his own Treasury officials, who obviously don’t have a plan ready. Still, one thing is clear: Whatever the details, Trumptax will be a big exercise in fantasy economics.
Last week Stephen Mnuchin, the Treasury secretary, told a financial industry audience that “the plan will pay for itself with growth.” And we all know what that means.
Back in 1980 George H. W. Bush famously described supply-side economics — the claim that cutting taxes on rich people will conjure up an economic miracle, so much so that revenues will actually rise — as “voodoo economic policy.” Yet it soon became the official doctrine of the Republican Party, and still is. That shows an impressive level of commitment. But what makes this commitment even more impressive is that it’s a doctrine that has been tested again and again — and has failed every time.
Bill Clinton provided a clear test, by raising taxes on the rich. Republicans predicted disaster, but instead the economy boomed, creating more jobs than under Reagan.
Then George W. Bush cut taxes again, with the usual suspects predicting a “Bush boom”; what we actually got was lackluster growth followed by a severe financial crisis. Barack Obama reversed many of the Bush tax cuts and added new taxes to pay for Obamacare — and oversaw a far better jobs record, at least in the private sector, than his predecessor.
[A]nd let’s not forget recent experiences at the state level. Sam Brownback, governor of Kansas, slashed taxes in what he called a “real live experiment” in conservative fiscal policy. But the growth he promised never came, while a fiscal crisis did. At the same time, Jerry Brown’s California raised taxes, leading to proclamations from the right that the state was committing “economic suicide”; in fact, the state has experienced impressive employment and economic growth.
Donald Trump was supposed to be different. Guess what: he isn’t. . . . . We might also note that a man who insists that he won the popular vote he lost, who insists that crime is at a record high when it’s at a record low, doesn’t need a fancy doctrine to claim that his budget adds up when it doesn’t.
Still, the fact is that the Trump agenda so far is absolutely indistinguishable from what one might have expected from, say, Ted Cruz. It’s just voodoo with extra bad math. Was that what his supporters expected?
The self-satisfaction derived from being emboldened to discriminate others and indulge in open racism will not pay the bills or put money in the bank.  Once again, Trump and the GOP have pandered to baser instincts to get  people to vote against their own economic interests.  Those who fall for this time and time again deserve the economic calamity that will and has over take them.