September 13, 2003
VOODOO....NO, SOMETHING MUCH, MUCH WORSE THAN VOODOO ECONOMICS....David Firestone writes in the New York Times today about the collision of George Bush's manic spending desires with his manic tax cutting desires:
Bush administration says it can do all of the above, once the tax cuts
inaugurate a burst of economic growth. Democrats and virtually every
mainstream economist say that something will have to give, very possibly
the government's retirement promises to millions of aging baby boomers.
So if "virtually every mainstream economist" sides with the Democrats, who's siding with the Republicans? Donald Luskin?
The mind boggles.
Posted by Kevin Drum at September 13, 2003 01:30 PM
How about Satanic economics?
My response has been to buy a treadmill to stay in shape and start
going on a diet to keep degenerative diseases at bay (reduce the need
for Medicare), and to start working on a career change that will allow
me to stay employed into my 70s (reduce the need for Social Security).
I used to like mainstream economists, before they became all shrill.
I'm sincerely surprised that no Republican has suggested the Soylent Green solution to our ever-encroaching crisis.
As Mark Shields said on Lehrer Newshour, with Bush its not guns and butter but guns and caviar.
We can call it Lottonomics. They're liars, have no credibility, but
they cannot be shamed into admitting the fraud. (Roshonomics might
work, too. It is the sycophantic branch of Lottonomics.)
Soylent Green? A new government program? No way! These are
libertarian conservatives, the future is 'Mad Max' or 'A Boy and His
Dog'--Americans free from government solving their problems themselves.
Kevin, your question concerns the matter of which economists (if any) think GwB's tax cuts are a good thing and are working out.
Well, economists who are dogmatic Libertarians, I imagine. And even
then, only the ones who pay little heed to published economic data.
Pushing slightly off the topic, George Soros was featured on NOW with
Bill Moyers last night (9/12/03). Invariably genteel and courteous, he
simply could not bring himself to say what -- I suspect -- he really
thinks: that GwB is an extremist dogmatist. He DID say that he thought
that, at least since 9/11, Bush has been captured by such extremists.
For a man who studied at the foot of Karl Popper and has fashioned most
of his personal philosophy from Popper's ideas, that's damning criticism
(And it is why Soros has dropped $10 million into defeating GwB.)
Well, what about it? Is Soros right, or even perhaps understating
Bush's personal contribution to the brain-dead extremism of his regime?
The ultimate test for dogmatism is a resolute unwillingness to shift
position or re-evaluate worldview even in the face of overwhelming
on-the-ground evidence that the dogma's prescriptions are failing. In
far less extreme cases with vastly less compelling evidence, a majority
of Democrats have been willing (I'd say, actually, TOO willing) to shift
their positions. So, too, moderate Republicans like Eisenhower and Ford
... and even (gasp!) the not-so-moderate Reagan when it became evident
his tax cuts weren't performing as promised.
But GwB won't shift his views an inch. He sees dogmatic pigheadedness
as a virtue. It isn't: it's evidence of, among other things, pathetic
intellectual insecurity and dishonesty. (That, I think, is nearly ALWAYS
a characteristic of dogmatists, be they Fascist, Communist, Libertarian
or fundamentalist religious).
Make no mistake: what is happening now is what is going to continue
happening so long as GwB and his minions retain power. He is NOT going
to relent on his "principles," unless as part of some "tactical"
maneuver aimed at -- ultimately -- looking like more than it really is. I
am convined that he will never admit that tax cuts aren't the cure-all,
be-all, end-all of policies. He'll never admit that his tax cuts have
been ruinous in any respect.
And that doesn't bode well for our nation, or the world.
Luskin's column has devolved into to something I call All Anti-Krugman All the Time. Goodness gracious, with his one note one message viewpoint, he's the Clear Channel of the blogosphere.
Mighty Reason Man writes:
How about Satanic economics?
I take exception to that! How about MORONIC economics? (Whoops, offended
the morons. Sorry!)
And now it's time for NEW "Doublethink" Economics! Bush good!
2+2=5! Dems bad! Intellegence doubleplusungood! War=Peace!
Ignorance=Strength! TRUST Big Bubba! And today's two-minute hate is
directed at: IRAN!
We're at war with IRAN, we've ALWAYS been at war with IRAN!
"the collision of George Bush's manic spending desires with his manic tax cutting desires"
I misread that as "the collusion of...". What does that say about me?
Now, now don't get ahead of yourself. All in the fulness of time.
BTW: Isn't all the anti-Bush mania simply another example of
anthropomorphism. We need to personalise somethings which aren't
necessarily personal. Personally I can't stand the guy. Nor can I stand
Jose Maria Aznar, nor could I stand Margaret Thatcher. So there's a
simple remedy available. Press a little button, and switch off the box.
Don't get so steamed up about a guy who's not responsible for half
the things he thinks he is. If he was we wouldn't need sociologists,
anthropologists or economists. Don't believe everything in the promo
brochure, or as someone once said: switch-off, and turn-on.
"the collision of George Bush's manic spending desires with his manic tax cutting desires"
"I misread that as "the collusion of...". What does that say about me?"
Posted by: David Thompson at September 13, 2003 08:15 PM
That's the conspiracy theory of GOP economic plans - that they know what they're doing, and want to trash things.
No, no,Bush doesn't think 2+2=5. He thinks that 2+2=3, and that 5
*minus* 2 equals 7. You obviously haven't been paying attention.
Mainstream economists? Give me names. This sounds too much like
"Mainstream Media," of which I also suspect more agenda and less
objectivity. I will believe this if Milton Friedman is on your list.
Any senior citizen, or soon-to-be senior citizen, who votes for Bush has an early death wish.
Well, if anyone cared to look at the statistics, not that many people
lived past 65 years of age, when this became the age to call people
My guess is you're going to see a rise.
you won't be old until you're 75, at least.
That's one way of fixing the problem.
The same George Soros, who's currency speculation
shattered the Asian economies in '97-98; creating
a political vaccuum that has been filled by Jemaa
Islamiya in Indonesia, Abu Sayyaf in the Phillipines, that George Soros
"something will have to give, very possibly the government's retirement promises to millions of aging baby boomers."
Duh. Which is why we shouldn't have set up a system where we pretend
that current wealth transfer is the same as a fricking pension plan now
BTW, now that Bush isn't trying to reform the Social Security system,
did it suddenly become OK again for Democrats to realize that the
system is ridiculously unsustainable? The tax cuts were NOTHING
compared to the magnitude of the problem which Kevin was saying probably
didn't exist only 2 months ago.
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