Washington's economic policy debate is a sham

Destro7/26/2012 7:06:06 am PDT
A good summary of the reality outside of Washington. Probably nothing new for most people here, but heresy for the GOP ditto heads, if they understand the big words.

Thank you for this.

I used to be a Republican (but not so much a dittohead) until halfway into the Bush admin. Why I chose to be a Republican is complicated but in Bush’s term I saw the stark hypocrisy of the GOP party faithful which sought to excuse policies that I assumed were anti Republican until Bush adopted them. For example, growing up in the right when Clinton era talk of “FEMA death camps” were all over the place I was kind of shocked to see Republicans adopt and defend something called a “Patriot Act” and “Homeland Security” (sounded too close to fatherland) and call for identity papers (Papers, please in a German or Russian accent was a way to warn about big brother govt taking over America).

So I left the Republican party for its hypocrisy but still considered myself a “conservative” and then when the economy collapsed and I realized it collapsed because of policies advocated by conservatives and libertarians of deregulation, etc I just realized I adopted a political and economic ideology not based on reality but on dogma.

I changed my political orientation. But why have so many not done so is what puzzles me? We just had the man who created the too big to fail Citigroup, the man who pushed for the repeal of Glass-Steagall Act, former Citigroup Chairman and CEO Sandy Weill now saying we should re-instated Glass-Steagall and break up the banks! We have former Fed chairman Greenspan, an Ayn Rand worshiper admit his ideology was wrong and caused the economic meltdown! And still the GOP is pushing that same old trust the private sector over govt, let the rich fix things by leaving them alone ideology even when the ones who championed it for them are saying they were in error.

I get why the GOP does not want to admit it was in error on economic issues. I do. But why are the voters not punishing them for it? I always figured that the racists and homophobes and other right wing hate fringe groups would still stay with the GOP but why are they still a viable party outside of those small hate groups?

Help! I don’t get it!