[lbo-talk] Tea Party: less than meets the eye

c b cb31450 at gmail.com
Wed Nov 3 11:59:50 PDT 2010


Marv Gandall:

Frank Rich had a good piece on Sunday about the tea party Republicans, rightly observing that "whatever Tuesday’s results, this much is certain: The Tea Party’s hopes for actually effecting change in Washington will start being dashed the morning after...Trent Lott, the former Senate leader and current top-dog lobbyist, gave away the game in July. 'As soon as they get here, we need to co-opt them'.”

Rich's conclusion, however, is that "the tempest will not be contained within the tiny Tea Party but will instead overrun the Republican Party itself" once "the Republican establishment’s panacea of tax cuts proves as ineffectual at creating jobs, saving homes and cutting deficits as the half-measures of the Obama White House and the Democratic Congress."

^^^^^^^ CB: And you can't even be sure that your "full-measure" program would be effectual in reducing unemployment before years passed. Your favorite example- FDR's full measures -didn't end Depression levels of unemployment for several years after they were instituted.

Give a historical example where civilian Keynesian full measures immediately ended a Depression.



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