Do any of the Republicans even care that the Reagan policies, which led on into the nineties and the early 2000s, led directly to the crisis we are dealing with today? Has this caused anyone in the party or of a conservative bent to re-examine his or her political approach? I’m not talking the exclusionary, religious right ideology here; I’m talking about the economic policies of ever less regulation, ever lower taxes, what’s good for big business and GDP must be good for America, let us always quest to lessen the role of government, hoping eventually to starve it to death except for the military and those other portions that cause large businesses to make a profit, etc.
The Republicans still seem to talk about Reagan as an icon, a person whose ideals represent what they should get back to. Doesn’t it matter that the budget deficit rose enormously under him?
The problem is, I don’t think the people understand this either. They remember that they thought Reagan was a nice guy, and that they’ve been told he was a great president. The Republicans may well be able to reform on a back-to-Reagan, as if we hadn’t been pursuing the ideals of Reagan for almost thirty years.
In 2012, the chances for the Republicans will depend on how quickly people expect Obama to fix the economy versus how slowly it actually happens, and also how successfully we come out of the recession. Expectations are very high, and I would imagine disappointment will be correspondingly low unless Obama is able to get people to take a more realistic approach.
What people don’t realize is that this recession probably demarks the beginning of a real change in the way middle-class Americans live our lives, wherein we begin to live more like middle class people around the world and less like the wealthy. We have come to have such high expectations that we don’t even realize that so much of what we have are luxuries rather than necessities. Now that this recession has hit, people are paring back the spending and realizing they can live without the constant spending after all. The thing that needs to be done now is to realize that it’s going to have to stay this way.
The road to new jobs is not for each consumer to spend more again, but for there to be more consumers, by creating new jobs. We have based far too much of our economy on debt and an inflated standard of living that prevents us from being remotely competetive with most of the rest of the world. That’s going to have to change, and it’s going to have to change with us. The problem is, the electorate thinks their current hold in spending is temporary. It will be up to Obama to make them understand that they must develop a new way of life; that they can’t live their lives as do the wealthy.
Americans don’t want to hear hard truths; we’ve been spoiled rotten by our politicians, who’ve spent the past thirty years promising bread and circuses while our infrastructure crumbles and people vote for lower taxes. There’s a good chance that if Obama does communicate this, he’ll go down the tubes in 2012. But if he doesn’t, the US will be done as an economic power, IMHO. I’d like to see McCain make this “Country First” decision.