Paul Krugman: 'With the rise of MAGA, however, catering to bigotry is no longer a marketing device; it’s the party’s main agenda. In that case, however, why continue plutocrat-friendly policies? Why not add some actual populism to the mix?'
Why are deregulation, benefit cuts and tax breaks for the rich still the ruling ideology of a party that now claims to stand for the working class?
But the Contract With America, love it or hate it — put me in the latter category — offered a fairly specific policy agenda, with a list of planned legislation. What Republicans have just released, by contrast, is mainly a list of good things they claim will happen, with barely a hint of how they propose to make them happen.
Bear in mind that the federal government is basically an insurance company with an army: The great bulk of spending is on health care, retirement and the military. You can’t meaningfully cut expenditure without attacking at least one of these. So which parts of that spending are wasteful? Why “zombie”? Because we now have four decades’ worth of experience showing that deregulation and tax cuts for the rich do not, in fact, produce higher wages and faster economic growth. So the idea that tax cuts are the secret of prosperity should be dead, yet somehow it’s still shambling along, eating Republican brains.
For a long time, the GOP seemed to fit the portrait famously drawn by Thomas Frank in his book “What’s the Matter With Kansas?” That is, it was a party mostly dedicated to making the rich richer that managed to win elections on social issues — which in practice meant catering to bigotry while campaigning, then pivoting to tax and benefit cuts immediately afterward.
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