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The Koch Built Tea Party Wrecked The Recovery. Make Them Own It


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Tea Part Chief Theorist



The recovery from the Great Recession has been shamefully unequal. For the wealthy, it’s been vigorous. For most of us, it’s been slow. For too many, it’s been imaginary. Now, Republicans, as they are wont to do, are trying to turn back on us an issue in which they are culpable and that involves a constituency about which they care not at all.



The weak recovery has become a Republican talking point – sans the part about how good the wealthy are doing. Trump has a new ad out that alludes to it, and we’ll see a lot more such ads before this is over. Democrats need to remind people why the recovery was necessary, and they need to pin the blame for the slow pace of the recovery where it belongs: on the Tea Party and the Republicans.



The short version is that deregulation and non-regulation combined with other factors to bring on the Great Recession of 2007. Expansionary fiscal and monetary policies turned that around until 2010, when a Koch funded labyrinth of anti-tax groups coalesced around the anti-debt Tea Party. The electorate, astonishingly, gave them enough seats in congress to threaten the one act that could quickly destroy the economy: default. In return for not forcing default, they got spending cuts that would, instead, destroy the economy in slow motion.



The long version begins with the Reagan administration. Reagan’s deregulation of the banking industry and all the deregulation since (in much of which Democrats were complicit) undid the work done after the Great Depression to prevent a repeat occurrence. The inevitable result was a banking and financial sector that took ever greater risks with other people’s money.



It started early with the Savings and Loan crisis during Reagan’s own administration, with its awkwardly obvious connection to deregulation. It culminated (we can hope) in the Great Recession. Deregulation was not the only cause of the Great Recession, but it was, at least, the enabling factor and more if we include, as part of the deregulatory milieu, lax regulatory enforcement and the failure to apply regulations to new banking “tools.”



That failure was due, largely, to Alan Greenspan assuring congress that derivatives, credit default swaps and securitization of loans, were being conducted by professionals and, therefore, were in no need of regulation or oversight.



Thus we built the tower that came crashing down when Lehman Brothers was allowed to go under by the George W. Bush administration, precipitating the Great Recession. This was no minor down-turn. This was the worst economic crisis since the Great Depression, and it was scary enough that a Republican administration hastily implemented a bank bailout – a Republican administration. The Troubled Asset Relief Program (TARP) authorized the Treasury Department to spend $700 billion to that end.



That saved the banking system, but it added a lot of new debt to the debt already piled up by Bush’s wealth-weighted tax cuts.



In 2009, under President Obama, Congress authorized a $787 billion stimulus package: “If TARP was the bail out for Wall Street, then the stimulus was the bail out for Main Street.” The stimulus included both tax cuts and increased government spending. It also added to the debt.



Neither the TARP nor the stimulus were without problems. But, the TARP was necessary, and it worked. The stimulus was necessary, and it worked. By one 2010 estimate, government intervention “probably averted what could have been called Great Depression 2.0 …. [W]ithout the government’s response, GDP in 2010 would be about 11.5% lower, payroll employment would be less by some 8½ million jobs, and the nation would now be experiencing deflation.”



So, if they worked, why are we, the non-wealthy we, still limping along? For that, we have to go back to the beginning of the Bill Clinton administration. Jeff Nesbit, writing in Time, gives a stunning account of what can only be described as The Rebellion of the Plutocrats. Incensed that a Democrat could be elected president, “Philip Morris money commingled with Koch money” to spur the “orchestrated, well funded, and deliberate” creation of “anti-tax front groups in a handful of states that would battle any tax that moved.”



Thus, both a network and a funding channel were in place when along came Dick Armey and the Tea Party. In 2010, they launched campaigns of simplistic slogans about taxes and debt. That was sufficient to get them representation in congress. The result was the debt-ceiling travesty of 2011 and the sequestration of 2013. Sequestration was the “compromise” extorted by the Tea Party in return for not forcing the United States to default. It was a draconian set of budget cuts would kick in automatically should the House and Senate not reach a budget deal “to cut $1.5 trillion over 10 years.” They didn’t, and it did.



Just two years into the stimulus, one which some economists warned was too small to begin with, it was gutted by Republicans trying to force us down the path of the same austerity that had savaged Europe for years. The results were predictable. During the recovery from the Great Depression, Roosevelt turned away from expansionary policies too soon and brought on the recession of 1937.



In 2013, the turn from expansionary policies slowed the recovery to a crawl. Deficit-spending stimulus vs. job-killing austerity is an argument that has been kept alive not by economics but by politics.



We have to keep relearning what history has taught us not because we don’t understand the economics but because that understanding runs contrary to dearly held political dogma. Finally, though, the truth is being told thoughtfully and vigorously.


Republican economic dogma created a quagmire which they, now, are trying to blame on Democrats.



That never must be allowed to stand. Anytime any Republican brings up the sluggish recovery, and that would be about every hour until the election, every Democrat has to stay forcefully on topic.



The recovery was doing reasonably well, at first. If you don’t like what’s become of it, talk to the Tea Party. They’re the ones who wrecked it before it reached the middle class. Talk to the Republican Party, which gleefully egged on the Tea Partiers hoping to make President Obama fail. Together, they knocked the recovery off the tracks by slashing government spending at a time when that was the exact wrong thing to do. Whether willfully or ignorantly, the Tea Party and the Republicans wrecked the recovery and bare the blame for its sluggishness.



http://www.dailykos.com/stories/2016/8/29/1565056/-The-Koch-Built-Tea-Party-Wrecked-the-Recovery-Make-Them-Own-That

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This is a very comprehensive and detailed article which the average person will probably never comprehend, let alone bother to read. Although it shows, beyond a doubt how the Republicans are responsible for the sluggish recovery and the windfall for the ultra-rich, the message will only reach a few people.

 

Republican focus groups and think tanks are great at turning the blame for their own fiascos back on the Democrats because they have been able to distill issues down to bumper-sticker level, and then bombard the public with it. Democrats need to learn to do the same.

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This is a very comprehensive and detailed article which the average person will probably never comprehend, let alone bother to read. Although it shows, beyond a doubt how the Republicans are responsible for the sluggish recovery and the windfall for the ultra-rich, the message will only reach a few people.

 

Republican focus groups and think tanks are great at turning the blame for their own fiascos back on the Democrats because they have been able to distill issues down to bumper-sticker level, and then bombard the public with it. Democrats need to learn to do the same.

And Liberals who bitch and moan about everything other than this very issue are are equally to blame.

 

The Republicans are very good at getting Liberals to concentrate on every other issue while they rob us all blind.

 

I've been trying since I've been here to try to convince Liberals while it's important to advocate for issues that matter to Liberals. There is no other issue as important as this one.

 

NOT ONE

 

So unless Liberals plan on having the exact same arguments during the next economic crash, they had damn well better start lazer focusing on this one.

 

Bernie Sanders did everything he could to try to get Liberals to get more focused on this than other issues, but damn if he didn't waste his time, because Liberals are talking about everything other than this one.

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I couldn't agree more. Right wing, supply-side economics and the growing income gap is the burning issue of our time. Now that Bernie is no longer in the race, the mainstream media have gone back to carefully avoiding the issue.

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Little history lesson

The Real Tea Party started mid 2007

Started protesting dubya

A Constitutional Movement

Then within a year and a half the koch bros and the GOP infiltrated and took it over

So idk where you got that 2010 from

Its just one more lie within the deceptive article

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Great article, but wayyyy over any republiKans heads...such as golfBOY

When you can't remember the greatest economic downturn since the Great Depression, which only happened 8 years ago. You are either very young, very stupid, have brain damage, or were part of the problem and would just like it to go away.

 

The Republicans own the Bush Recession, and they own the sluggish recovery that would have resulted in millions of more jobs, and a much more robust world economy except for conservative Republicans.

 

Conservative Republicans are the problem

 

They have always been the problem.

 

They will always be the problem.

 

Everyone should read that article at least three times, and save it to their computer for future study.

 

Then they should make every effort to remove every conservative Republican from office at every level of government, this election, and every election after.

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I couldn't agree more. Right wing, supply-side economics and the growing income gap is the burning issue of our time. Now that Bernie is no longer in the race, the mainstream media have gone back to carefully avoiding the issue.

Every fibre of the right wings DNA, and the nearest and dearest thing to their hearts, is their relentless fight to prove all things Ronald Reagan correct.

 

Which is the exact opposite of my DNA.

 

My quest is the total repeal of, and the De Reaganization of America.

 

I want Millennials to puke at the thought of giving the filthy rich, and corporations a tax cut.

 

I want wind farms built in Ronnie and Nancy Reagans back yard.

 

I want a marijuana dispensary built across the street from Reagans home, and one built near his grave.

 

I want his zero tolerance, mandatory minimum sentencing policies repealed.

 

Nothing short of the complete de Reaganization of America is satisfactory.

 

There has to be major payback for the last 30 years in order to heal the country.

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Russia is the culprit eh ...... I don't believe it for a minute. Russia is easy prey because Russia is constantly being portrayed as the devil. May I suggest the devil is in our own backyard known as the Koch Toxic Political Empire. Russia has nothing to gain there are too many obstacles.

I say the expert hackers are in the USA and they hack Russia frequently under the guise of industrial espionage. Our electronic voting machines can be programmed to vote wrong and print out a receipt looking like the machine voted correctly.

The anti american right wing posing as the GOP and Blue Dog Democrats that which are trying to over throw the USA government, steal social security insurance money, steal medicare insurance money,steal public education dollars, steal our right to vote and keep the war for oil control going have trillions of tax dollars to gain.

Paperless Electronic Voting

A bedrock of democracy is ensuring that every vote counts. There needs to be a transparent system of vote counting so that people can trust that their vote is counted as they cast it. Paperless electronic voting on touch screen machines does not provide confidence to ensure votes are counted the way voters intend.

The software on which votes are counted is protected as a corporate trade secret, and the software is so complex that if malicious code was embedded, no analysis could discover it. Further, because there is no voter verified paper record, it is not possible to audit the electronic vote for accuracy, nor is it possible to conduct an independent recount. This is a grotesquely designed, over-complicated, expensive system fraught with the potential for mistakes and undetected fraud. We should not trust the future of our nation to such malleable technology.

On July 23, 2003, the Johns Hopkins Information Security Institute reviewed the electronic voting system in Maryland and found that it had security far below even the most minimal security standards.

In the IEEE Symposium on Security and Privacy 2004, four top computer scientists from the University of California, Johns Hopkins University, and Rice University similarly critiqued Diebold’s voting system:

"We found significant security flaws: voters can trivially cast multiple ballots with no built-in traceability, administrative functions can be performed by regular voters, and the threats posed by insiders such as poll workers, software developers, and janitors is even greater. Based on our analysis of the development environment, including change logs and comments, we believe that an appropriate level of programming discipline for a project such as this was not maintained. In fact, there appears to have been little quality control in the process.

"…The model where individual vendors write proprietary code to run our elections appears to be unreliable, and if we do not change the process of designing our voting systems, we will have no confidence that our election results will reflect the will of the electorate."

Computers are inherently subject to programming error, equipment malfunction, and malicious tampering. If we are to ensure fair and honest elections, and retain voter confidence in our democratic process, we need to ensure that there are no such questions. Therefore, it is crucial that any computerized voting system provide a voter-verifiable paper audit trail and that random audits of electronic votes be conducted on Election Day. Paperless electronic voting machines make it impossible to safeguard the integrity of our vote - thereby threatening the very foundation of our democracy.

Moreover, the seller of the machines, the Diebold Corporation, is a supplier of money to one of the major party candidates, George W. Bush. The CEO and top officers of Diebold are major contributors to the Bush campaign. A corporation with vested political interests should not have control over the votes of the populace.

Voters using Diebold machines should immediately report any suspected malfunctions or deficiencies at voting precincts to their Board of Elections. Voters should also urge their legislators to require a voter verified paper ballot trail for random audits and independent recounts. Count every vote.

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spawned recited memories cradle to grave from the same soul of collective thought patterns using screen names like skews and bension 13. left and right cerebral cortexes of the same mind always an I of we spokesperson.

\

Time to fess up, sole.

You are using a gibberish generator, aren't you?

You are not even an authentic nutcase.

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Great article, but wayyyy over any republiKans heads...such as golfBOY

the article was not accurate

Shocker

The Koch Built Tea Party Wrecked The Recovery ---- that was the objective.

koch didn't build the tea party player

They took it over

911 truthers started it

2007

Not 2010

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The Koch boys started their anti american campaign before Reagan-Bush took office in the late 70's.

 

Reagan-Bush opened the flood gates and ALEC wrote the Contract for America that Newt shoved down the throat of America.

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The Koch boys started their anti american campaign before Reagan-Bush took office in the late 70's.

 

Reagan-Bush opened the flood gates and ALEC wrote the Contract for America that Newt shoved down the throat of America.

 

 

How do they get away with Anti American Activity?

 

http://www.motherjones.com/politics/2014/01/koch-brothers-candidate-training-recruiting-aegis-strategic

 

 

ALEC Exposed ALEC/American Legislative Exchange Council

http://www.alecexposed.org/wiki/ALEC_Exposed

 

 

Exposing ALEC's Agenda to Defund and Dismantle Public Education throughout the nation.

 

http://www.huffingtonpost.com/dennis-van-roekel/exposing-alecs-agenda-to-_b_3223651.html

 

 

http://www.alecexposed.org/wiki/ALEC_Exposed

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