This isn’t news to folks paying attention.
The GOP hasn’t truly recognized the market since the early 1960s, if ever.
It was Carter who recognized the power of the market and the failure of government regulation in his deregulation of the airlines – not exactly a GOP theorist.
It was the Democrats (Frank, Dodd, et al.,) who refused Bush’s attempt in 2003, and McCain’s in 2005, at regulating Fannie and Freddie – the lack of which GOP-sponsored regulation spawned the current economic mess.
So let’s stop pretending that the GOP always deregulates and the Democrats always regulate – it just isn’t true.
The single most important lack of recognition of the market was by the GOP, in fact.
Prior to the beginning of post-war women’s lib in the early 1960’s, bright, talented, motivated women basically could teach, and that was about it. Once Women’s Lib opened other doors, these women took a look around at the market and found that their skills and drive could give them more money, more satisfaction and less heartache outside the classroom. Consequently – they left the classroom and bright young women and men did not succeed them.
In the mid-1980s, two decades after the unionization of the classroom had begun and our test scores began dropping behind every other industrialized democracy, the Dean of Boston College School of Education published an OpEd in the Wall Street Journal detailing the dregs of American education that populated, as students and professors, the fad-driven “schools of education,” and now have succeeded in mis-educating generations of Americans.
What happened? Simple: the GOP refused to recognize the oppotunities the marketplace opened to these teachers, refused to raise teacher pay to compete with the marketplace, and intelligent, motivated teachers left the classrooms in droves.
Result? A non-professional, unionized, ill-educated cohort of teachers refusing to be judged by their performance at their jobs.
Recognizing the marketplace would have cost people more tax dollars, and the GOP can’t have that!
This was penny-wise and pound-foolish in a historical way. It certainly is what got us into the mess in which we now find ourselves: A voter franchise of ignorant, self-centered groups of victims on both sides of the aisle wanting the government to save themselves from themselves – at the cost of someone else’s livelihood, future, job, raising of children, etc., or to interfere in everyone else’s lives as each group sees fit.
Half of the country (see: Blue State demographics) isn’t even having children – but is expecting the federal government to pay for their retirement and their healthcare. With what money? From what workers?
These ill-educated voters now are accelerating America toward the social policies that have made Europe entirely irrelevant: No job creation, no ability to project economic, diplomatic or military force for good (tsunami, Kosovo) or ill (Iraq). And ultimately, an entirely irrelevant America.
Michelle Obama rightly takes alot of hits for her comment on never having been proud to be an American, and Baby Boomer politicians post-9/11, for not wanting to be seen as American while travelling abroad.
But — FDR, Truman, Kennedy – and probably just about every other pre-Baby Boom President – would be embarrassed to know their country is willing to elect to the presidency either a socialist political neophyte whose only job has been as a voter registration and “affordable housing” “Community Organizer” employed by the fraudulent ACORN organization, or someone who thinks he can win by pandering to those so disengaged that they haven’t yet made up their minds, and by trying to out-socialist the socialist party.
If Obama and McCain don’t embarrass you, you aren’t paying attention.
The GOP did not accept the market in the 1960s. The GOP hasn’t accepted the market lately. George W. Bush has out-spent Clinton and created bloated government-run organizations to compete with the market.
The GOP doesn’t recognize the market now if McCain, as he said last night, really wants to nationalize housing, turning hundreds of billions of dollars of perfectly good housing into The Projects.
And Obama wants to put the folks who gave you the DMV in charge of your healthcare.
The market? Don’t look to the GOP to turn to it.
That doesn’t mean the market isn’t the right answer – we now know what happens when Congress interferes with it: See: Disaster, Financial.
It just means that the GOP no longer is paying attention to it – and hasn’t been for quite some time.