The Financial Regulation Vote Shows That While Americans Should Be Angry, The GOP Is Not... HuffPo

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The Financial Regulation Vote Shows that While Americans Should Be Angry, the GOP Is not the Solution
Mitchell Bard
Writer and Filmmaker
Posted: July 16, 2010 10:28 AM

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As the partisan cable networks breathlessly discuss what will happen in the midterm elections in November, there is much talk about how Americans are angry and, as a result, the Republicans are set for major gains in Congress. But the connection between these two assertions -- Americans' dissatisfaction and GOP success -- strikes me as incredibly lazy, both by the media and the voters.

Nowhere is this disconnect more clear than in the financial regulation battle, which finally concluded with a bill passing the Senate yesterday.

Americans have every right to be angry. Oil has been spewing into the Gulf of Mexico for nearly three months (hopefully, it's finally been contained). Islamic extremists seek to kill Americans. We have such a muddy immigration situation, that, no matter which side of the ideological fence you sit on (pun intended), you can't be happy with the way things currently operate.

But the main point of anger is the economy. The official unemployment rate is hovering around 10 percent (with millions more not counted because they've given up on looking for a job). People are concerned about their ability to pay their bills and see an unfair system that rewards Wall Street's reckless risks while punishing middle class workers.

But if Americans want to assess blame for these woes, and if they want to choose who should help get us out of these messes, they have an obligation in a democracy to make an effort to really look at the issues before making a decision. And the media, likewise, has an obligation to sort through these complicated issues more carefully.

If the Republican campaign message for 2010 was something like, "Yes, we know that we caused all these problems in the Bush years, but we've learned our lesson, and now we are offering these new ideas to fix things in the future," I would understand (if not agree with) the equating of the problems with Republican gains. But that's not what the Republicans are offering. Rather, the GOP campaign message for 2010 is essentially the same message as the Bush years, only more militant (and more wacky, thanks to the Angle-Paul tea party influence). Their pitch is built around deregulation, lower taxes for the rich, and less government, the very things that got us into this mess in the first place.

The Republican congressional record for the Obama years consists of opposing any initiative the president offered (in an effort to make him look ineffectual), even if he proposed something the GOP itself had supported earlier, and to offer as solutions the same tired policies from the Bush years (tax cuts, even if they add to the deficit, as Sen. Jon Kyl suggested). That shouldn't be a winning election argument. But with incendiary rhetoric and right-wing-propaganda-machine-fueled lies taking center stage, the focus for the midterms hasn't been on the facts (how we got here and what the two parties have offered since).

In fact, the Republicans have been at the heart of the causes of these problems, and they have offered little other than the same policies as solutions....

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More: http://www.huffingtonpost.com/mitchell-bard/the-financial-regulation_b_648892.html

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