320 Years of History
Gold Member
When I was a kid, nearly everyone whom my family routinely associated with were Republicans...Our neighbors, Daddy's close professional associates, Mother's friends, and so on. As I got older, I came to understand why that was. All those folks were business principals and/or members of what I call the "country club and cocktail party set." Then, at some point, droves of so-called "regular" folks cottoned to the Republican Party and its rhetoric.
It may be that the GOP never openly averred its preference for policies that favor the "haves," but, at least when I was young, everyone who was among the "haves" knew damn well that is what the GOP was about. Either something has changed dramatically in substance, or little to nothing has substantively changed, but the rhetoric is delivered with more guile.
Now, I accept Republican rhetoric for what it is; it is what it is, and that's fine. What I don't get is what appeal a party that, in recent times (1950s forward), has been the party of the people who've "made it" has to so-called "regular folks." What has led those folks to perceive that the key policies of that party are designed to actually do them any good. I get that the advocated policies often sound good. I don't see how they actually deliver on their promise as goes folks who don't fit the traditional mold of a Republican. As best as I can tell, the only folks who undoubtedly get richer during Republican controlled Presidencies are folks who are already rich. The thing is that rich folks are going to get richer either way; once one is on "easy street," it's quite hard to "take a wrong turn," as it were.
For example:
So, the great influx of "regular folks" into the GOP suggests to me one thing: a heck of a lot of folks have in recent years "made it." Of course, that doesn't seem plausible given all the griping I hear from openly conservative corners....
Now the writers of the paper cited above make an attempt at explaining why the GOP has for the past 60+ years a comparatively poor track record with the economy:
By the same token, we know from political science that economic performance is among the most critical success factors in what drives folks to prefer an incumbent President over a newcomer. Blinder and Watson show too that of the things a president (although not necessarily a President plus a sympathetic Congress) cannot greatly control is the economy's performance.
Taking those two facts into consideration, along with the observed trend of success/good luck, one must ask voters:
It may be that the GOP never openly averred its preference for policies that favor the "haves," but, at least when I was young, everyone who was among the "haves" knew damn well that is what the GOP was about. Either something has changed dramatically in substance, or little to nothing has substantively changed, but the rhetoric is delivered with more guile.
Now, I accept Republican rhetoric for what it is; it is what it is, and that's fine. What I don't get is what appeal a party that, in recent times (1950s forward), has been the party of the people who've "made it" has to so-called "regular folks." What has led those folks to perceive that the key policies of that party are designed to actually do them any good. I get that the advocated policies often sound good. I don't see how they actually deliver on their promise as goes folks who don't fit the traditional mold of a Republican. As best as I can tell, the only folks who undoubtedly get richer during Republican controlled Presidencies are folks who are already rich. The thing is that rich folks are going to get richer either way; once one is on "easy street," it's quite hard to "take a wrong turn," as it were.
For example:
- Presidents and the U.S. Economy: An Econometric Exploration
"The U.S. economy not only grows faster, according to real GDP and other measures, during Democratic versus Republican presidencies, it also produces more jobs, lowers the unemployment rate, generates higher corporate profits and investment, and turns in higher stock market returns. Indeed, it outperforms under almost all standard macroeconomic metrics."
So, the great influx of "regular folks" into the GOP suggests to me one thing: a heck of a lot of folks have in recent years "made it." Of course, that doesn't seem plausible given all the griping I hear from openly conservative corners....
Now the writers of the paper cited above make an attempt at explaining why the GOP has for the past 60+ years a comparatively poor track record with the economy:
- Serendipity -- Blinder and Watson identified two factors—oil shocks and increases in what’s called Total Factor Productivity—as the main causes for the observed trend of superior economic under Democrats. Nixon, Ford, and George W. Bush were, they say, unlucky to have their presidencies coincide with large increases in oil prices, while Democratic presidents, with the exception of Carter, served during a time of flat or falling energy prices, a dynamic that can provide big boosts to the domestic economy.
What is Total Factor Productivity? It is a measure that economists use to gauge the economic effects of things like improvements in technology, education, and business processes. Democratic presidents, say Blinder and Watson, were apparently lucky enough to preside over the economy during periods where advances in technology had a huge effect on the economy. The best example of this dynamic is the rise of the Internet during the Clinton administration, when many processes were made more efficient and the economy more productive by the development of that technology.
Okay...but that sure is a lot of bad luck, if one roots for the GOP and a lot of good luck if the Dems.
By the same token, we know from political science that economic performance is among the most critical success factors in what drives folks to prefer an incumbent President over a newcomer. Blinder and Watson show too that of the things a president (although not necessarily a President plus a sympathetic Congress) cannot greatly control is the economy's performance.
Taking those two facts into consideration, along with the observed trend of success/good luck, one must ask voters:
- Why the heck does anyone who's dissatisfied with the U.S.' economic performance at the time of a Presidential election, and who also has the sense God gave a goose, use the economy as among their gauges of for which candidate/party they will vote?
- Why the heck does anyone who's dissatisfied with the U.S.' economic performance at the time of a Presidential election, and who also has the sense God gave a goose, bother voting at all if the person for whom one votes has little to no influence on its actual performance and that is a key factor they "consider" in making their choice?