Those of us who let our subscription to The Nation lapse 20 years ago would do well to read that magazine’s editor Katrina vanden Heuvel’s article ‘An Undeserved Win for the GOP’, published in the Wall Street Journal, Friday, November 5. It’s a refreshing reminder of all of the economic illiteracy that the Left is capable of.
No one on the right believes that the November 2010 election represented a triumph for the establishment country-club Republican Party (which Ronald Reagan himself defeated in 1980). It was a revolt by independents, Tea Partiers and other citizens who are outraged at the out-of-control spending, mounting public debt and chronically high unemployment.
We can concede vanden Heuvel’s assertion that “The election was fundamentally about one thing—the rotten economy.” But the awakened voters perceived the Democrats – dominating both houses of Congress and the White House – as responsible for prolonging and amplifying the problems, and of being hostages to the socialist Left. Not being resigned to achieving only third-party irrelevancy, these voters put the Republicans on notice that they would get a second chance, provided they return to the principles they had slothfully abandoned when the perks of power became too comfortable to bear.
Given the limits of space, it will be impossible to do justice to the dissection of this dead frog in a single article. So let’s consider just one gem for now:
“For 30 years, these Americans have seen their incomes stagnate as the top 1% accrued a staggering percentage of the nation’s wealth.”
This kind of platitude would have impressed some of us into indignation when we were 17, but an adult may fairly ask: what does that even mean?
‘For 30 years’ is a period during which the parties in power in the executive and legislative branches of our constitutionally divided government were exchanged several times and government spending as a percentage of GDP grew from 34% to 44% (7 of those points in the last 2 years alone – who’s responsible for that?).
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