Vice President Joe Biden discusses the ‘vision’ of the modern day Republican Party or what he calls supporting the “privileged sector.”
In reference to the political strategy of obstruction and division the modern day Republican Party uses to divide this country, Vice President Joe Biden had this to say recently, “these guys, I don’t think their bad guys, but I think they really believe, they really believe as strongly as we do in the direction they want to take the country…” He goes on to describe their vision of America by saying that they are not even trying to hide or pretend anymore about what they stand for. He says, “Not only in their rhetoric, but their actions, how they vote, what they propose, what their budget is, it’s a stark, stark, stark, stark contrast, even a stark contrast of the traditional Republican party of the 50’s, 60’s, 70’s, and 80’s…”
“The big difference between us and them, I think, can be distilled to a phrase, the difference between us and them is, we are strongly supportive of the private sector, they are supportive of the “privileged sector…”
For a visual of what happens when we support the “privileged sector”, take a look at the following chart. It reflects the analyses offered by Economist Paul Krugman regarding what really happens when we enact Republican budget and tax policies. Paul Krugman notes, “Because of movement conservative political dominance, taxes on the rich have fallen, and the holes in the safety net have gotten bigger, even as inequality has soared. And the rise of movement conservatism is also at the heart of the bitter partisanship that characterizes politics today.”
Notice that when we enact policies that favor the “privileged sector”, such as less regulation and lower taxes on the super-wealthy, look what happens. These ‘Tea-party’ policies of less regulation, limited Government, and lower taxes on the so called, “job creators” not only led to the “great depression” in 1930, but also led to our current depression that began in 2008, which nearly led to a global financial meltdown. Both of these periods are marked by vast poverty, needless suffering, and terrible economic conditions resulting from unnecessarily high levels of income inequality.
In contrast, the period in the middle of this chart from around 1940 to 1980, reflects a period in our nation’s history when we increased Governmental regulations on the “job cremators”, preventing them from killing American jobs, when we imposed higher taxes on the super-wealthy members of the “privileged sector”, making sure they participated in our Democracy, as opposed to their preferred method of ruling from above, and when we allowed the average working American to participate in the profits they helped generate in both the private as well as public sectors.
In reference to Presidential candidates of the modern day Republican party, Vice President Biden had this to say, “I think it’s more than about obstructionism for Mitt Romney and Newt Gingrich, I think they actually believe what they are saying. When they say, let Detroit go bankrupt, let foreclosures happen, poor people have no habit of work, Barrack Obama is the food stamp president. I think it’s not just political theatre, I think they are committed to it.” He’s right! They really believe what they are saying because it’s necessary in order to continue the status quo of income inequality, which coincidentally, further enriches the “privileged sector” at the expense of everyone else.
The “frames” used by Newt Gingrich, Mitt Romney and other radical right wing conservatives are designed to focus our attention on those receiving food stamps, as opposed to the extremely wealthy, who are gaming the system to benefit the upper class members of the “privileged sector.” What Vice President Biden was trying to express, I believe, is that the private sector has been replaced by the “privileged sector”, and that he is in favor of going back to a time period in this country when the tax and regulatory policies that led to the creation of a thriving middle class were firmly in place. Policies that promoted income equality, as opposed to high levels of income inequality that we will surely experience under the direction and leadership of the modern day Republican party. After all, as pointed out by Vice President Biden, the modern day Republican Party is no longer hiding the fact that they are in favor of the “privileged sector.”