Just a perusal of the media after the midterm tusami that hit Democrats on Tuesday you would think that the world had ended. After all it was only 2 years ago when they stood pumping their chests declaring the Elephant to be dead and the end of Reaganism.
Some of the responses have been comical. Nicholas Kristof (the deep throat of the Plame Game), goes off he deep end.
“In my reporting, I regularly travel to banana republics notorious for their inequality. In some of these plutocracies, the richest 1 percent of the population gobbles up 20 percent of the national pie.
But guess what? You no longer need to travel to distant and dangerous countries to observe such rapacious inequality. We now have it right here at home — and in the aftermath of Tuesday’s election, it may get worse.
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent.
That’s the backdrop for one of the first big postelection fights in Washington — how far to extend the Bush tax cuts to the most affluent 2 percent of Americans. Both parties agree on extending tax cuts on the first $250,000 of incomes, even for billionaires. Republicans would also cut taxes above that.
The richest 0.1 percent of taxpayers would get a tax cut of $61,000 from President Obama. They would get $370,000 from Republicans, according to the nonpartisan Tax Policy Center. And that provides only a modest economic stimulus, because the rich are less likely to spend their tax savings.
At a time of 9.6 percent unemployment, wouldn’t it make more sense to finance a jobs program? For example, the money could be used to avoid laying off teachers and undermining American schools.
Likewise, an obvious priority in the worst economic downturn in 70 years should be to extend unemployment insurance benefits, some of which will be curtailed soon unless Congress renews them. Or there’s the Trade Adjustment Assistance program, which helps train and support workers who have lost their jobs because of foreign trade. It will no longer apply to service workers after Jan. 1, unless Congress intervenes.
So we face a choice. Is our economic priority the jobless, or is it zillionaires?”
You would think that by now liberals would find that in American the demonization of the rich hasn’t worked. Liberals like Kristof desire for government just what they scream about, control. For Kristof’s information Banana Republics force their will on the populace which is what Barack Obama and Democrats have done over the last two years. From Obamacare to threat of increased taxation, the people say “No”, Obama said, “Stuff it”, and the midterms was nothing short of an uprising to overthrow the tyranny.
What liberals can’t stand right now is the fact that their form of government has been outright rejected by the majority - and overwhelming majority - of the people.
If Kristof thinks that a Banana Republic perhaps he should move to a real one.
Nicolas Kristof Banana Republic Midterms Politics Liberals