Joseph Stiglitz:
[T]he austerity agenda advocated by conservatives will make [wealth inequality and the recession] worse....
The austerity advocated by some Republicans will lead to higher unemployment, which will lead to lower wages as workers compete for jobs....
[I]f we go down the path of austerity, we risk entering a double-dip recession.... But perhaps most important, our country will increasingly become divided, and we will pay a high economic price for our growing inequality and declining opportunity. The consequences will be even harder on our democracy, our identity as a nation of opportunity and fair play, and our society.
Stiglitz's fellow economist Paul Krugman would differ from this assessment only in noting that Republicans' austerity agenda is no vague, futuristic bogeyman. It is, rather, the here and now--the imbecility of government contraction exacerbating the preexisting contractions of business and consumerism; imbecilic, that is, if one cares about an improving economy.
Republicans don't. Worse, they're openly hostile to it. When they obstruct yet another jobs bill or extended unemployment relief or any legislation even remotely stimulative, they're not actually peddling some alternative, coherent, ideological doctrine of macroeconomic austerity, however. "Unleash the job creators" is no doctrine. It's a slogan. And--no doubt you've noticed--Republican pols have nothing to add after belching said slogan, because there is nothing to add, because the slogan is so stupendously dumb only its mindless, stand-alone repetition is articulatory.
As I write and as Republicans belch, "job creators" are already unfettered, and nothing but increased aggregate demand will in turn unfetter their personnel budgets. Hence the necessity of the government to spend, when others won't, or can't.
This macroeconomic concept is so elegantly simple and empirically verifiable, even a tea-partying GOPer could absorb it. Yet when pressed on the concept's incontrovertability, Republicans are naturally, dyspeptically left sputtering their platitudes about lovable small government and hideous big debt, which is less an admissible debate tactic than an intimidated change of subject. Even they comprehend the self-evident truth of how to achieve growth during downturns, but they're agin 'em--both the truth and the growth (under President Obama).
All of which leads to the unpleasant conclusion that Republicans, in their aggressive opposition to Stiglitz & Co.'s imposingly sober recommendations, are intoxicatedly pro-social division, pro-inequality, pro-declining opportunity and fundamentally hostile to democratic give and take, opportunity and fair play.
It's for those reasons, gentle readers, that I always resist calling Republicans "conservatives"; I opt for the more logically suitable, Hofstadterian "pseudoconservatives." I retain a loving fidelity to the importance of words and their enduring meanings--and for all we find in contemporary Republicans, there sure as hell is no authentic conservatism.
We find unmistakable anarchic impulses, unambiguous strains of nihilism, insurmountable heaps of obscurantism and all-too familiar lockstep authoritarianism. But conservatism? Real conservatism? The conservatism of empirical thought and prudent acts, of incremental progressive change?
Pshaw.
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Editorial note: This post's title was meant not for my regular readers, but for those pseudoconservatives who on occasion stumble by on their way to convincing themselves that they're true conservatives.