It never ceases to amaze me how conservatives continue to still buy into Republican economic rhetoric. It’s literally the same crap year after year, decade after decade. Their entire economic ideology rests upon tax cuts and deregulation. While economics is far from a simple subject, the fact that demand is the leading driver behind almost all job creation really isn’t. If there’s demand for a product or service, there will be a company out there providing that product or service. If that company (or even an individual) can’t meet the demand for their product or service, their business will either suffer (because another company or person will), or they’ll have to grow (create jobs) in order to satisfy demand. As long as there’s money to be made, there will be companies out there trying to make it whether their tax rate is 35 percent or 45 percent. Because the truth is, while $500 million might be less than $800 million – it’s still better than no million.
If you want to see what too much deregulation (or proper enforcement of regulation) gets us, look no further than the 2008 economic crash; the fertilizer plant explosion in West, Texas; the BP oil spill; or the Elk River chemical spill last year. Greedy companies will get away with whatever they think they can. They don’t care if they destroy our environment, crash our economy or even kill people, just as long as the revenue they make outweighs whatever consequences they might deal with later on.
Nevertheless, none of this glaring reality ever seems to dampen the spirits of Republicans who continually blather on and on about the same old debunked trickle-down economics lies they’ve been using for years.
It’s a point Jon Stewart perfectly hammered last night when covering the comments made by several 2016 GOP presidential hopefuls who seemed rather disgusted at the thought of Mitt Romney once again running for president.
The big push by many of these candidates has been the need for “something new” to drive the GOP ticket in 2016. And, obviously, Romney isn’t anything new. Stewart played several clips of these candidates offering their “new” ideas heading into the next presidential election.
First was Wisconsin Gov. Scott Walker who championed his “new” idea of – lowering taxes. Next was Rick Perry who ushered in the “new” idea of – deregulation. And finally, Sen. Ted Cruz (R-TX) proclaiming the “new” idea – that we must repeal “Obamacare.”
“See! It’s a complete turnaround from what Mitt Romney with his 47 percent moocher class rhetoric was running on,” said Stewart before playing several clips from Romney’s 2012 campaign where he:
- Promised to lower taxes.
- Pushed for deregulation.
- Promised to repeal “Obamacare” on his first day in office – even though as president he wouldn’t have had the power to do that.
“Oh, it’s the exact same f*cking thing,” he mocked.
“Basically, it’s the Republicans universal cure,” Stewart continued. “It’s like penicillin, if penicillin never cured your chlamydia and just made your doctor really rich.”
And he’s absolutely right. It’s comical that Republicans are trying to act as if “there’s a different GOP coming in 2016” – when they’re running on the same crap they’ve been using for years. Didn’t we just have a tax-cutting, deregulating Republican in the White House from 2000-2008? Remind me again, how did that work out for the U.S.?
Let’s just use some common sense, shall we? For nearly 40 years we’ve been governed under the economic ideological belief of trickle-down economics. The belief that low taxes will give more to the job creators (aka the rich), and that excess will then spill over to the rest of us. And for nearly that exact same amount of time wages in this country for the poor and middle class have been flat, while the richest among us have flourished like never before. Right now, around 42-44 percent of our nation’s wealth is owned by just 1 percent of our population. Exactly how much more do they need before that starts trickling down? And are there really people out there who believe that without regulations businesses would simply choose to act morally and ethically? Because with regulations many don’t, so how would the behavior of these unethical companies (and there are many) improve with fewer regulations?
So as much as Republicans like Rand Paul, Ted Cruz, Rick Perry and Scott Walker are going to act as if 2016 is going to be a “new beginning for the GOP,” the truth lies in exactly what Stewart said. In 2016, the Republican message to voters – is going to be the exact same f*cking thing it was in 2012, 2008, 2004, 2000, 1996, 1992….you get the picture.
Watch the segment below via Comedy Central: