Conservatives say: Suck it up

July 12th, 2008 9:40 am · 4 comments

This is just stone amazing, but I’m with Atrios - I hope conservatives continue to pound this very drum from now through November.

In fact, I’ll help them.

Which is to say that in today’s Washington Post, Amity Shales has a piece titled, “Phil Gramm is Right.” In other words, we are whiners - because whatever’s happening in the economy now, it’s not as bad as the Great Depression:

Gas prices are ruining vacation plans and killing businesses. Many Americans have lost or are about to lose their homes to foreclosure or in distress sales. The federal government may not be talking about it much yet, but inflation plagues the country. The weak dollar is altering our everyday calculations. For many, this is not a happy summer.

Still, to liken the current moment to the Great Depression, or even the early 1980s, as Campaign Economists have, is to whine, just as Gramm said. During the Depression, people lost their homes even though they had borrowed only 10 percent of the purchase price. People losing their homes today frequently have borrowed 90 percent or more. The country approached double-digit unemployment in the early 1980s. This week, even as McCain was trying to talk his campaign past Gramm’s comments, joblessness stood at a historically modest 5.5 percent.

See??? Because bread lines aren’t snaking around city streets, everything is just fine: Quit whining.

Because the economy isn’t officially in a recession until we have two consecutive quarters of negative growth. So those higher gas bills, those vastly higher costs at the grocery store - those massively higher heating bills you’ll be seeing this winter? Shrug it off; get tough.

Stop being a whiner.

And I love how Shales says we need some “straight talk” on the economy:

The plunging stock of the government-sponsored mortgage companies reminds us that those entities urgently require restructuring. Wall Street figures and the Senate Finance Committee that Gramm used to chair are already talking about how to structure a bailout. But this task is about stopping recession, not luxuriating in it.

Social Security and Medicare also need rewriting — and Gramm put forth one of the better proposals on Social Security in the 1990s.

In short, to fix it all, we need a frank conversation about the economy.

What’s missing from this assessment?

Why - Iraq, of course. Our military adventurism in the Middle East, expected to cost some $3 trillion by the time it’s all over, if it ever is.

I cannot tell you how much I hope Republicans pursue this line of thought: That Americans who think they’re feeling a pinch are simply dreaming, and need to just buck up and deal with it because Things Have Been Worse.

You’re whining, Iraq isn’t contributing to our economic problems - what a fine world conservatives live in.

And they want to pretend liberals are elitist and out of touch?

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

  4 comments  Tags: Economy

There are currently 4 comments on this blog post
View Topic | Comment on this blog
TaintMan
7/12/08
10:09 AM
Once again Gil is putting words in other people's mouths that just aren't there.

Why does this man still have a job?

Anyway, I am finding that I am sharpening my skills at getting good bargains on food and learning how to conserve gasoline. I don't think I would call that "sucking it up". I would call that handling the situation without needing a government to hold my hand.
dragonrider
7/12/08
10:38 AM
Two things I heard on PBS last night.

Bailing out Freddie Mac and Fannie Mae may add as much as $5.2 trillion dollars to the national debt.

A conservative economist agreed with Graham saying that middle class america has never been better in america despite wage stagnation which he agrees has taken place under republicans . He says the bright star is we now have plenty of cheap goods for middle and poor america to buy. We can't afford gasoline or a house hey but we can buy lots of cheap junk at walmart.

UncommonSense
7/12/08
11:52 AM
Some of the rest of the article cited in the opening salvo...



And Campaign Econ has costs. The first is that talk of a downturn -- or "mental recession," as Gramm put -- can itself generate a downturn. Keynesian economists say this is so because consumer spending slows when people are afraid. But there's also a non-Keynesian dynamic. Grumbling leads to costly government rescues that scare markets and slow growth.

Second, as evidenced by the plummeting prices of
Fannie Mae and Freddie Mac shares, serious trouble may be closer than we think. The plunging stock of the government-sponsored mortgage companies reminds us that those entities urgently require restructuring. Wall Street figures and the Senate Finance Committee that Gramm used to chair are already talking about how to structure a bailout. But this task is about stopping recession, not luxuriating in it.

Social Security and
Medicare also need rewriting -- and Gramm put forth one of the better proposals on Social Security in the 1990s.

In short, to fix it all, we need a frank conversation about the economy. McCain, in fact, inaugurated one back in 2006 when he gave a speech that was downright Gramm-like at the Economic Club of New York.

In that speech, McCain said that on entitlements, hard choices were necessary. He concluded: "Any politician who tells you otherwise, Democrat or Republican, is lying."

This was McCain at his best. Many voters knew it, too.

The way to strengthen the economy right now is to elect leaders who dare to talk about problems in precise and even technical terms -- and then act on them. McCain has that capacity, but only if he can transcend Campaign Econ.




And, frankly, we have become largely a nation of whiners as opposed to winners. Not very long ago, I recall Gil agreeing with Charles Krauthammer in taxing gas so that $4.00 was the floor, years and years ago - in order to alter our oil consumption paradigm and hasten efficiency while lessening dependency. Now, Gil is lamenting the affect high prices have on the populace.

Charles K is quite a conservative, if you didn't know - and had a very valid point in that higher gas tax offset by reduction in payroll tax would have created the mindset that would have allowed this shift in consumption of oil to occur.



On another front, we have a larger and larger percentage of the population that demands the fruits of hard work, effort, education and success; without expending their energies and abilities to attain them. And, when they don't have the house, the car, the "toys" they want - they whine and complain that all is not fair. On the other hand, we have those born with a silver foot in their mouths that have success, in terms of money, heaped upon them in a most unleveled playing field; who can't seem to do anything other than bring general humiliation and embarrassment to the human population - can you say Paris?



All the while, we endure those Wingers and LeftNuts crying " see, see, see....look how much the other guys suck!" in stark comparison to Barack Obama's message of hope (at least as he articulates it) and John McCain's willingness to speak honestly (at least as he articulates it).



And, by the way - check out Amity Shlaes resume and decide to whom you might look to for reasoned anaysis on matters economic. Her or Teh LeftNut.

dragonrider
7/12/08
3:06 PM
QUOTE(UncommonSense @ Jul 12 2008, 11:52 AM) [snapback]410537[/snapback]
Some of the rest of the article cited in the opening salvo...



And Campaign Econ has costs. The first is that talk of a downturn -- or "mental recession," as Gramm put -- can itself generate a downturn. Keynesian economists say this is so because consumer spending slows when people are afraid. But there's also a non-Keynesian dynamic. Grumbling leads to costly government rescues that scare markets and slow growth.

Second, as evidenced by the plummeting prices of
Fannie Mae and Freddie Mac shares, serious trouble may be closer than we think. The plunging stock of the government-sponsored mortgage companies reminds us that those entities urgently require restructuring. Wall Street figures and the Senate Finance Committee that Gramm used to chair are already talking about how to structure a bailout. But this task is about stopping recession, not luxuriating in it.

Social Security and
Medicare also need rewriting -- and Gramm put forth one of the better proposals on Social Security in the 1990s.

In short, to fix it all, we need a frank conversation about the economy. McCain, in fact, inaugurated one back in 2006 when he gave a speech that was downright Gramm-like at the Economic Club of New York.

In that speech, McCain said that on entitlements, hard choices were necessary. He concluded: "Any politician who tells you otherwise, Democrat or Republican, is lying."

This was McCain at his best. Many voters knew it, too.

The way to strengthen the economy right now is to elect leaders who dare to talk about problems in precise and even technical terms -- and then act on them. McCain has that capacity, but only if he can transcend Campaign Econ.




And, frankly, we have become largely a nation of whiners as opposed to winners. Not very long ago, I recall Gil agreeing with Charles Krauthammer in taxing gas so that $4.00 was the floor, years and years ago - in order to alter our oil consumption paradigm and hasten efficiency while lessening dependency. Now, Gil is lamenting the affect high prices have on the populace.

Charles K is quite a conservative, if you didn't know - and had a very valid point in that higher gas tax offset by reduction in payroll tax would have created the mindset that would have allowed this shift in consumption of oil to occur.



On another front, we have a larger and larger percentage of the population that demands the fruits of hard work, effort, education and success; without expending their energies and abilities to attain them. And, when they don't have the house, the car, the "toys" they want - they whine and complain that all is not fair. On the other hand, we have those born with a silver foot in their mouths that have success, in terms of money, heaped upon them in a most unleveled playing field; who can't seem to do anything other than bring general humiliation and embarrassment to the human population - can you say Paris?



All the while, we endure those Wingers and LeftNuts crying " see, see, see....look how much the other guys suck!" in stark comparison to Barack Obama's message of hope (at least as he articulates it) and John McCain's willingness to speak honestly (at least as he articulates it).



And, by the way - check out Amity Shlaes resume and decide to whom you might look to for reasoned anaysis on matters economic. Her or Teh LeftNut.

You mean the subprime mortage crisis is all in my head, Bear Stearns a figment of my imagination, 5 trillion dollar federal deficit a mear mirage, 4 a gallon gas only hysteria, Phew and I thought we were in trouble well as long as I got this sack of seed I know I can grow another crop and smoke my troubles away.
View Topic | Comment on this blog