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Monday, February 15, 2016

Paul Krugman: How America Was Lost

What is wrong with our political system? Can it be fixed?:

How America Was Lost, by Paul Krugman, Commentary, NY Times: Once upon a time, the death of a Supreme Court justice wouldn’t have brought America to the edge of constitutional crisis. ...Republicans have more or less unanimously declared that President Obama has no right even to nominate a replacement for Mr. Scalia...
And there’s no telling how long that situation may last. ... How did we get into this mess?
At one level the answer is the ever-widening partisan divide. ... But simply pointing to rising partisanship..., while not exactly wrong, can be deeply misleading. First, decrying partisanship can make it seem as if we’re just talking about bad manners, when we’re really looking at huge differences on substance. Second, it’s really important not to engage in false symmetry: only one of our two major political parties has gone off the deep end.
On the substantive divide between the parties:... Even if you’re disappointed in what President Obama accomplished, he substantially raised taxes on the rich and dramatically expanded the social safety net; significantly tightened financial regulation; encouraged and oversaw a surge in renewable energy; moved forward on diplomacy with Iran.
Any Republican would undo all of that... When we talk about partisanship, then, we’re not talking about arbitrary teams, we’re talking about a deep divide on values and policy. ...
And it’s up to you to decide which version you prefer. So why do I say that only one party has gone off the deep end?
One answer is, compare last week’s Democratic debate with Saturday’s Republican debate. Need I say more?
Beyond that, there are huge differences in tactics and attitudes. Democrats never tried to extort concessions by threatening to cut off U.S. borrowing and create a financial crisis; Republicans did. Democrats don’t routinely deny the legitimacy of presidents from the other party; Republicans did it to both Bill Clinton and Mr. Obama. ...
So how does this get resolved? One answer could be a Republican sweep — although you have to ask, did the men on that stage Saturday convey the impression of a party that’s ready to govern? Or maybe you believe — based on no evidence I’m aware of — that a populist rising from the left is ready to happen any day now. But if divided government persists, it’s really hard to see how we avoid growing chaos.
Maybe we should all start wearing baseball caps that say, “Make America governable again.”

    Posted by on Monday, February 15, 2016 at 12:33 AM in Economics, Politics | Permalink  Comments (299)


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