It’s easy to understand why the professional Obama-haters and assorted right-wing extremists keep chasing after fabricated Benghazi and IRS scandals: the Tea Party and its GOP subsidiary have no new policies to offer, no realistic solutions to modern-day America’s problems, only political circuses to deflect from their lack of substance. Their Johnny-one-note mantra was, is and will always be: cut taxes for the rich on the backs of the poor and the fading middle class. Reagan and Bush II proved beyond a doubt, and David Cameron is proving now in Britain, trickle-down economics is exactly what Bush I called it: “Voodoo Economics.” Like the extremists they are, the right refuses to let go of its failed policies.
Joseph Stiglitz, Nobel Prize winner in economics, former Chairman of the Council of Economic Advisers and once Chief Economist for the World Bank, points out in his book “The Price of Inequality,” the GOP’s solution only aggravates the greatest threat to our democracy which is the widening gap between rich and poor. Since Stiglitz’s book contains real science, demonstrable facts, widely-accepted statistical data and scholarly analyses, I don’t expect the usual suspects, like George Alger, Congressman McClintock and the editorial board of the Mountain Democrat, to read it: the cognitive dissonance might be too much for them to absorb.
Inter alia, Stiglitz writes that we have already reached the desperation point with our poor who overwhelmingly believe that the so-called “American Dream” is beyond reach, if, indeed, it ever was within their grasp. For some years now, OECD statistics have indicated that upward mobility is far easier in Western Europe, Australia and New Zealand than it is in the United States. Repeating mindless slogans like “We’re Number One” and other ideological nonsense instead of taking action is leaving us at the starting gate of human progress in the 21st century. Except in the manufacture, and use, of guns: we’re definitely the world’s “Numero Uno” in that department.