Endless Curiosity

February 7, 2009

Acting against their Interests: Republicans

Filed under: Republicans — Alec @ 4:40 pm

Not only has the current financial crisis shown the bankruptcy of the Republican mantra of tax cuts and less regulation, but it’s also devastated the savings and the purchasing power of tens millions of people in this country, or hundreds of millions of people around the world.

A vibrant economy needs people to spend money, and if people don’t have jobs or are afraid, they are not going to spend money.

Republicans like a vibrant economy (don’t we all), because it helps them make money and accumulate wealth, which of course is a cornerstone of Republican philosophy.

Yet Republicans in Congress and in the media are going out of their way to try and prevent the stimulus package from being effective. They are going out of their way to keep the economy down, to prevent people from having jobs and spending money. Obviously this hurts the people who’ve lost their jobs, but it also hurts Republicans because you need a thriving, strong, confident middle-class to have a thriving, strong economy, which leads to wealth accumulation for Republicans.

Not only do they seem to want to prevent Obama from rescuing the middle-class, but they seem to want him to fail, presumably so Republicans can be re-elected and continue their failed policies of tax cuts and deregulation, which will lead to an even weaker middle class and less vibrant economy.

Why do Republicans act against their interests? The only things I can think of are that a) they are so committed to an ideology that they refuse to see that it’s failed, and/or b) they only care about making short-term profits and are not interested in the long term. Either way hurts them in the long run.

Weird people.

3 Comments »

  1. good article

    Comment by cewek-abis — February 8, 2009 @ 6:46 am

  2. Ha. Indeed. Weird people!

    Comment by Nikki — February 10, 2009 @ 11:03 am

  3. Well, this article is incorrect. Republicans have a problem with this stimulus package because it does _not_ create sustainable jobs. If all you do is create government paid job, once the money runs out we are back where we started. To recap:
    – Republicans are not all business owner and they get fired just like anyone else
    – spending money to create jobs paid for by the government is a band aid, it does not create sustainable jobs
    – the Democrats have been in control of the House since 2007. Too many have forgotten that.
    – we are in a recession because of greed by the real estate industry, the banking industry and the regular Joes that bought into the scheme of buying a house you cannot afford and sell it at a profit in 3 to 5 years. Then use that profit to buy another one and so on. It is a Ponzi scheme, can you not see it?
    – many states had inflated income because of the above and now that they bubble burst they have to go back to what they were spending 10 years ago.
    – we are all paying for the greed of few. If you are so lucky that you still have a job and benefits, you have been watching your saving account and pension plan evaporate. We are paying for the real estate bubble, all of us.

    Comment by Stefan — February 23, 2009 @ 2:00 pm


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