Potomac Fever is the blog of the Hamilton College Semester in Washington Program.
Was there any advice in '07 or '08 for Republicans to tack to the left to avoid further losses?It seems like there's just an implicit institutional/media bias towards doing things' the Republican way because it's "right," or something. Which confuses me.And then when, from a Democratic view, sucky Republican politics end up sucking, you're burdened with them and Republicans get a free pass.
"Providing new incentives for job creation and bank lending, offering more detailed and forceful commitment to deficit reduction, improving relations with industry, and taking a more forceful stance towards Wall Street" signals an "implicit institutional/media bias towards doing things the Republican way"? Hang on, I think I feel a migraine coming on.Could it be that they are sensible reforms that could save our industrial base and keep businesses from fleeing for East Asia and South America? Nah. Just institutional conservative bias.
A commitment to deficit reduction is good in the medium-term but it's too close to the recession to do meaningful cutting of government spending. It's a really bad idea. That could easily put us in a double-dip recession. And providing new incentives for job creation pretty much conflicts with deficit reduction (you've gotta spend money or take a cut in revenue from tax cuts to do it.) True, "taking a forceful stance towards Wall Street" is the exact opposite of tacking to the right, because that basically translates into regulation.
If jobs don't start forming soon, we will most assuredly be in DD recession. Jobs are not going to form by pouring money into pet projects (they sure haven't yet). They're going to form by encouraging and aiding in the creation and expansion of businesses. Maybe instead of letting politicians decide where and when jobs should be created (i.e. crony capitalism), we should raise all boats by encouraging job creation across the board. I know, this is really radical stuff, letting people keep their money and all.And I don't know who told you that the right doesn't want to regulate wall street. You'd be hard pressed to find anyone to the sane side of Ron Paul who thinks that. The GOP might oppose arbitrarily imposing compensation schemes and union/ownership contracts, but that's not regulation, that's...well I don't know what that is other than a really bad idea.
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