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Republicans rumble—so what else is new?
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by YankeeJim | December 13, 2011 at 03:54 am
119 views | 4 Recommendations | 2 comments
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Bickering is revealing and unbecoming
Newt Gingrich’s character is a significant issue as is his having made millions from inside connections. He is from the “lifer politician” model. Americans should have rejected his return to the center stage on his own demerits long ago. Republicans didn’t do that for a reason.
Mitt Romney’s resume is vastly better than the professional politician model. As a turn-around specialist at Bain Capital, Romney took failing enterprises, forced management change, installed improved controls and made them profitable. That is capitalism with a capital “C.” For Gingrich to attack that is nearly as stupid as saying Palestinians are a fabrication.
So what is the Republican attraction to flawed and failing candidates?
1. Some Republicans – part of the 1% are greedy and are trying to find a candidate that is allegiant to their status quo (That accounts for a very small number.)
2. Some Republicans – entrepreneurs for instance, are worried that their small margin of wealth will be eroded by changing the system to one that is more attentive to the needs of the population
3. Some Republicans – executives and professional workers are tied to the Military Industrial Complex and Big Government Contracting and while they protest the existence of some big government, they want to preserve their corner of it under the guise of “national security.”
The latter group accounts for a larger number of the Republican 40% conservatives in America.
Another group of Republicans are not necessarily wealthy. Instead they are the wannabes. They are bound by ideology, mostly religious, and various forms of bigotry that is somehow aligned with the new Republicans aka Tea Party that sounds more like Old Southern Values.
Revealing is the deep fragmentation among conservatives and Republicans. Unbecoming is the character and lack thereof that is undermining the American government.
Remember in November.
“Romney Goes Negative on Newt
Mitt Romney took a series of shots at Newt Gingrich Monday, starting with a television interview in which he called on Newt to return the $1.6 million he received from Fannie Mae and Freddie Mac. Newt fired back, saying he’d return the money “if Governor Romney would like to give back all the money he’s earned bankrupting companies and laying off employees over his years [at Bain Capital].” Romney didn’t take up Newt’s offer, instead arguing there is “a big difference between working in the private economy and working on K Street and working as a lobbyist or working as a legislator or working to connect businesses with government.” In another sign of Romney’s nervousness, he hasdeployed his wife, Ann, to the campaign trail, where she has been saying things like “He is steadfast … He won’t abandon you in the hardest times”—a line she insists is not meant as a comparison to Newt’s three marriages.
Read it at The Washington Post
December 13, 2011 6:10 AM”
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YankeeJim
Arlington, Virginia, United States
Most RecentMost Recommended Comments (2)
at 04:54 on December 13th, 2011
You hit the nail on the head here, Jim. My view of the Republican Party has darkened significantly for many reasons. One reason being the Republican's simplistic economic views which make the Republicans look as though they're caught up in a post WWII 1950s economic time-warp mentality. Many Republican movers and shakers know full well that their economic fixes throughout the decades have only benefited a small and elite subset (the rentier class) of the American population. But the Republicans have succeeded in convincing millions of dupes and "wannabes" as you say that somehow their economic policies have a "trickle-down affect. They've also convinced the dupes and wannabes that lowering corporate taxes and eliminating regulations will benefit the American economy. In spite of all the myths we hear about corporate taxes, the facts are that American corporations pay an average effective tax rate of less than eight percent after deductions and tax credits. And many large corporations don't pay any statutory taxes and some even receive subsidies (i.e. tax-payer welfare) which reduces their tax rates to below zero. As far as defense contractors go, they're among the biggest corporate welfare cheats of all and have been sucking $trillions from the American taxpayers throughout the decades. However the Tea Party dupes and the rest of the so-called "conservatives" remain deafeningly silent on that issue and label anyone such as Ron Paul who brings the issue up a Kook.
at 06:46 on December 13th, 2011
BTW: Many Republicans honestly believe that corporate tax rates here in America are the highest in the world. And they honestly believe that by lowering corporate tax rates, American corporations will be more competitive in the global market and as a result, corporations will hire more American workers, invest in plant and equipment, and everything will trickle down to the average American. Many Republicans also believe in the "free market" myth in spite of the fact that certain industries--such as banking and finance--have been bailed out by the Federal Reserve for decades. This bailout stuff is nothing new. It even occurred under the Reagan Administration to the tune of billions. And it's not just limited to the banking and finance industries. Most large corporations are the recipients of tax-payer funded subsidies and credits. If you take a look at all the IRS data and Commerce Department data on corporate balance sheets, American corporations have tens of $trillions in gross receipts and pay less than 1 percent of those trillions in taxes. Corporations can deduct everything under the sun and in addition to that, receive tax credits and subsidies. The top marginal 35 percent (It's 38 percent in some cases) tax rate on corporations is meaningless. Indeed the corporate tax rates are lower nowadays (with the exception of 4 years in the late 80s and early 90s) than they've been throughout the past 60 years. And corporations are still crying the blues over taxes. It's simply a scam on the part of corporate lobbyists and their mouth pieces in Congress to increase corporate profits at the tax payers expense. Really no different from massive welfare fraud. But because it's all done in the name of the mythical "free market" many Americans view it as a good thing and think that lowering the tax rates will help the economy. The only time lowered tax rates help the economy is when those lower rates are targeted to the average American who will go out and spend those extra dollars on goods and services instead of sending those dollars overseas or using them to invest in intangible paper assets.