In a rational world, today's Republican Party would be little more than a kooky fringe group, like the Larouchites. Unfortunately, we live
here. And in America circa 2009, on the nation's premier business channel, the utterly discredited economic theories promulgated by George W. Bush and Company are still sacrosanct. (I guess it’s comfort food for CNBC's shell-shocked viewers, who cling to the fantasy of becoming swashbuckling Wall Street Jedi.)
Last evening, on the network in question, Arthur Laffer, legendary father of a
ridiculous economic curve, teamed up with Larry Kudlow to denounce the Administration's plan for saving the nation’s banking system. Well, all I can say is
Hallelujah! This is the first piece of unadulterated good news I’ve heard in weeks. If Kudlow and Laffer think the plan is a train wreck, then I’m getting bullish on America again. Those guys are
always wrong
.Then, this morning, Kay Bailey Hutchison and Judd "We Hardly Knew Ye" Gregg went on
Squawk Box to complain about the deficit. No--really--they did. These "Republican moderates"–who never met a trillion dollar war they couldn’t put off-budget–had the
audacity to pose as penny-pinching guardians of the public till. Forget the fact that their supply-side snake oil has turned fatally rancid. Hutchison and Gregg deserve to be tarred and feathered around the clock solely on the grounds of criminal hypocrisy.
I’m no fan of President Obama’s rhetoric, but on substance, his speech the other night was excellent. His obsession with bipartisanship drives me up a wall, but it appears to be part of a long-term political strategy. I may just have to get used to it. But what about the rest of the Democrats? You know, the ones who
aren’t President? How about this, people--When you're not actually legislating, you might want to try to terminate--
with extreme prejudice--the Republican Party's current
raison d'etre.
That's the enemy. Ridicule mixed with condescension--along with liberal doses of the truth–should be your weapon of choice. Let Obama take the high road.
The stakes are too great, and there’s too much to do, to risk letting the GOP get their hands on the government again. The proponents of such a dangerous and bankrupt philosophy need to be exposed.