Opinions From A Young Progressive, Vol. Seven – The Economics Of Hate

Author: December 2, 2012 3:47 pm

Hatred and economics might have a lot more to do with one another than you might think right now. At least, on the Right they do — after all, the Republican base doesn’t pick the Republican Party because of fiscal conservatism and what they view as “good” economic ideas. They’re Republican for simple reasons; they don’t like gays, don’t like women, don’t like government and don’t always seem to like to read. There’s more to it than that, but I’ll leave it there for the sake of simplicity.

So here’s what happens. The failed economics of the party of hate pervade our politics, simply because they get elected on outdated social policy. Then we get the strange people — such as Libertarians — who buy into the fiscal conservative ideology without Fox telling them to, regardless of the fact that the numbers don’t lie: the Democratic Party is better for the country when it comes to fiscal responsibility.


We heard it during the Democratic National Convention (from President Bill Clinton), and I’ll tell you again now: in the last 52 years, the Democratic Party has held the White House for 24 years, and the Republican Party has held it for 28. Job count? 42 million and 24 million, respectively. In the last few presidencies, Clinton stands out as the best fiscal president; he had the budget in the black and had begun to pay down our massive debt.

I’ll digress for a moment to explain the difference between the deficit and the debt, in case anybody doesn’t know. The debt is the total amount of money owed. The deficit is how much we owe at the end of each fiscal year. We’ve been in debt virtually since the start of our nation, but the deficit has varied greatly.

Speaking of which, the deficit is going to be significantly lower this year than it was last year — by the tune of hundreds of billions of dollars. This shows, clearly, that as the fiscal policies of Barack Obama come into effect, we are doing better — fiscally — as a nation. Unemployment is down to pre-recession levels, and there is very little left to complain about aside from the politicking and obstructionist tactics in Washington, mostly from a Republican House that doesn’t seem to realize that the election showed which party’s policies are supported by the American people right now.

What is happening in America right now is simple. The Reaganomics believers (Reaganomics: fiscal policies that have been tried and shown to fail — repeatedly) are self-deluded, moronic, oxygen stealers. They called it “supply-side” in the 1970’s. In the 1920’s, it was “trickle-down.” Back in 1890, it was labeled “horse and sparrow.” Every time, it failed. And why shouldn’t it? The rich aren’t “job creators.” Historically, in America, they never have been. Somewhat ironically, we’re actually closer to that than ever before — as the rich get richer, they own more and more. More of us are employees instead of employers, as companies like Walmart ensure semi-monopolies and extreme profits line the pockets of the few.

But we don’t go to the Republican Party when we’re seeking opinions that are backed by facts. After all, they’re the party of climate change denial and a six-thousand-year-old earth, as well. Why do people fall for the same lies when it comes to economics? As Ha-Joon Chang, Cambridge economist, stated:

“Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are — a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.”

It’s simple. The fact that half of our country is being fooled by Fox News and other hatemongers is causing them to vote in these idiots who hold to failed ideas in the face of solid evidence against. It is up to us to change this by 2014, or our failing infrastructure may cause us to be too late.

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