More old wine.

We were treated to the spectacle of another Republican debate last night. I'll dispense with my usual comments about the format, style, and proprietary nature of the event - suffice to say that as a wholly-owned property of CNBC, it met the usual low standard of reality television production values. That said, on to what might be referred to euphemistically as "the substance".

First off, it's worth noting that there are way, way, WAY too many candidates on that stage to allow any kind of reasonable debate. Setting politics and policy aside for a moment, I have to wonder what the hell is wrong with the Republican party that they can allow this to continue? The policy distinctions between these ten are minor, at best. Hasn't it occurred to any of these people that, for the good of their party, it might be best to just sit this one out? In other words, sacrifice your own petty political ambitions so that there might be ample opportunity for substantive debate? Apparently not, as not only are there ten main debate candidates, but a kids table with 4 more. Talk about vanity.

Peterson Institute shill.Issues wise, we heard a lot of recycled crap about simplifying the tax code. The flat tax is presented as something new; it's basically Jack Kemp 3.0. The unifying principle is, of course, massive deficits coupled with massive tax savings for the super rich. Sound familiar? Sure it does. Nine, nine, nine, anyone? Yesterday's nines are today's "tithing".

The ironic thing is that there was some talk of stagnating wages for working people, particularly from Fiorina and Huckabee, but the prescription for that ailment is always just more of what's screwing the common folks now. The contextual narrative these candidates are operating with identifies Obama as a socialist who has gotten his way for seven years. Nothing could be farther from the truth. We have been living under a kind of modified austerity, more of less following the principle set by Grover Norquist that Democrats in power should be forced to "rule like Republicans". That has stagnated growth and increased inequality. They want to make it far worse.

Some of the most despicable posturing came from Governor Christie, a media favorite (particularly on MSNBC's Morning Joe), who wasted no time in throwing the media under the bus. Far worse, he continued his practice of carrying water for Pete Peterson:
Let me be honest with the people who are watching at home. The government has lied to you and they have stolen from you. They told you that your Social Security money is in a trust fund. All that’s in that trust fund is a pile of IOUs for money they spent on something else a long time ago.
This is the kind of gas that's been emitting from New Jersey's blimp-like governor for some time now, and it's bogus as hell. Where does he get the notion that money that has been borrowed has somehow been "stolen"? So, is he saying China isn't getting their money back from us? In fact, they are. We can pay ourselves back the same way we pay back all of our other creditors. It's called keeping promises. New concept for that fucker.

Christie's just trying to advance the narrative that Social Security is bankrupt and that we need to privatize it and hand it over to his friends in the financial services industry. I think the fact that those pirates are still slathering over the prospect of getting their greasy hands on it is proof positive that Social Security has plenty of life left in it.

There are other points to cover, but let me stop here and maybe resume next post.

luv u,

jp

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