Search This Blog

Saturday, March 03, 2012

Proof the Republicans are finished - The Wave Effect

Political comentator Thom Hartmann, whom we might describe as a non-hysterical cousin of Keith Olbermann, recently presented a chart on his TV show entitled "Republican Waves of Radicalism," showing how the GOP ideology has oscillated in a "cycle of radicalism" from 1900 through 2010. 
The chart starts with 1900 and progressive Republican President Theodore Roosevelt.  Teddy Roosevelt busted the oligarchy trusts and signed into law the Tillman Act of 1907 prohibiting monetary contribution to national political campaigns by corporations. [A law that was overturned by the Gang of Five radical Republican Supreme Court justices in the 2010 case of Citizens United v. FEC.]
Next, Hartmann's graph moves to 1920 and Republican radicalism in the presidency of Warren Harding, who said, "More business in government, less government in business."  He dropped the top income tax rate from 73% to 25% and deregulated the markets.  The result [after two more radical Republicans, Coolidge and Hoover]: the Great Depression.
After the Franklin Roosevelt presidency, in 1946, we get a return to the "Do Nothing Congress" under President Truman, which passed the Taft-Hartley Act crippling workers' right to organize and blocked Truman's effort to introduce single-payer universal health care.
Next, we get 1960 and a Republcian moderate, Dwight Eisenhower, who implemented massive Federal investment in infrastructure--the Interstate Highway System [Ike also brought an end to the Korean War; it's ironic that a general was a peacemaker whereas none of the currrent Washington warmongers has ever served a day in combat...].
But then the trend flips to radicalism in 1964 with Barry Goldwater--promoting states rights and a belligerant foreign policy.
Next the trend reverses again Republican Richard Nixon, who proposed in 1967 universal health care coverage that is virtually identical to "Obamacare" and created the Environmental Protection Agency--the EPA.  Top income tax rate under Nixon: 91%.
The Nixon "rational Republicans" were followed by the "radical Republican," Reagan, who implements the biggest tax cut for the rich since Warren Harding and the biggest tax increase on working people in the entire History of the United States.  Result: a 12% unemployment rate and a stock market crash.
Reagan was followed by the "rational Republican" George H.W. Bush, followed in turn by his "irrational son," George W. Bush, who cut taxes for the rich again [and invaded and occupied Iraq, a country that posed no threat whatsoevcer to the United States.]
In the 2008 election the radical Republicans lose control of House, Senate and the presidency and, in 2010, the cycle turns again with the arrival of the Tea Party, a return of the radical Republicans.
Hartmann poses the question as to which way the Republicans will turn in 2012--to radicalism [Gingrich, Santorum] or moderation [Romney].
Link to the video [8 minutes]:  http://bit.ly/zVAJ2D  Worth watching!
Jagor

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.