Conceptually, our country benefits from a strong two party system. In macro form, each party purports the following ideologies:
Republicans:
- Less emphasis on government control and regulation
- Greater support for Corporations, the wealthy, innovators and entrepreneurs.
- Increased incentives – lower taxes and other benefits for entrepreneurs and business enterprises.
- Align with and support of emotional issues – religion, controlled immigration, abortion, etc.
- A more dominant role for government in crafting social behavior
- Support to indigent groups and those not able to care for themselves
- Greater oversight of business activities to ensure safety and reduce abuse.
- A more equitable approach (between the have’s and the have not’s) to taxation.
Consider the GOP platform – smaller government with less oversight. This is a valuable construct; it sparks creativity and innovation, fosters business growth and brings a broad array of products to market. However, if allowed to go too far, that creativity will ultimately explode into deception, corruption and fraudulent behavior which ultimately weighs heavily on consumers across the board. There are numerous examples of this. Even with oversight in place, corrupt entrepreneurs devise products and services for the sole purpose of making a quick profit at the expense of ignorant/unaware consumers. Manufacturers cut corners in building products, service organizations pull back on maintenance and repairs and food service companies play fast and loose with products they serve to their customers. Now, the GOP will argue that Laissez-faire will ultimately rectify these problems; consumers will eventually identify these “bad producers” and flush them out of the system. Theoretically true but, in reality, that is a long process over which time the corrupt business enterprise would have made it’s money, closed its doors and moved on. But even worse, thousands of innocent people would have been harmed – lost of critical funds, re-occurring health issues and even death, all because unscrupulous business entrepreneurs were allowed to run free with no oversight regulation. Examples of these abound.
On the other hand, the Democratic platform, in providing broader financial and social support for those who struggle, runs the risk that, if taken too far, it could foster a level of unproductive behavior among its citizens. This is the resounding cry of the GOP, delivered with passion and a sense of panic that drives fear into conservatively inclined voters. However, this is not nearly as bad as they make it out to be. The reality is that people who are internally driven to succeed, will not be content to sit around and receive government support. If someone languishes on government subsidies in lieu of forging forward, it’s because he/she is simply not able – in short those who can, will.
I am a firm believer in two things – a) the strength of looking at issues at a macro level; b) the power of regression analyses. Let’s take a minute to review the last 110 years.
- 1901 – 1909: President Theodore Roosevelt (GOP) BUT a strong Progressive advocate, pulled apart 40 monopolistic Corporations – Trust Busting, as he styled it. Considered these organizations to be illegal and corrupt. In retrospect, he was absolutely correct. Teddy, although a Republican, supported the principles that espouse the Democrats – the same principles that motivated his “namesake” 20 years later.
- 1921 – 1929: Calvin Coolidge (GOP), billed out as the most active “Do Nothing” President, ever; vowed not to upset the delicate balance between business and government. Essentially, allowed free enterprise to be FREE. He left office in 1929 and launched the decade of the Greatest Depression this country has ever known.
- 1933 – 1945: Franklin D Roosevelt (Dem), spawned legislation and set in place policies and programs that launched the growth and prosperity for this country over the next 25 years. Today, many of FDR’s programs still resonate strongly in our nation, providing the much needed safety nets that were non-existence prior to him taking office.
- 1961 – 1967: the Kennedy/Johnson years (Dem) the most sweeping legislation presented and passed to launch racial equality in our nation.
- 1968 – 1975: Richard Nixon (GOP), Watergate.
- 1976 – 1980: Jimmy Carter (Dem), recognized the value and benefits of renewable energy. Set in place a platform to reduce dependency on foreign oil – fuel efficiency standards for Detroit, research and development for solar and wind energy. However, Carter was not a politician and he failed in his efforts to be effective in Washington.
- 1981 – 1992: The Reagan/Bush years (GOP), total abandoning of all fuel efficiency standards; complete dismantling of the renewable energy platform. Laid the foundation for the decline of unions and the Middle Class. Launched the tax reform acts of 1985 and 1987. Host of Black Friday – the third worst economic collapse of the nation.
- 1993 – 2000: Bill Clinton (Dem), clearly a period of growth and expansion, albeit not entirely of his own doing. Ended his terms with a budget surplus and a national debt lower than it had ever been in the past.
- 2001 – 2008: George W. Bush: (GOP) deemed to be the worse President of the century. Started with a budget surplus, ended with a deficit, an exploding national debt, pull thru spending from 2 wars, aggressive tax cuts for the wealthy, a collapsed real estate and financial markets due to relaxed regulations. Owner of the second worse Financial collapse in the last 110 years..
- The initiators and stewards of 4 wars (Korea, Iraq 1 & 2 and Afghanistan)
- Creators and owners of all 3 major financial collapses this country has experienced in 110 years.
- Initiated policies that created growth in the country’s poverty rate and a widened disparity in wealth and revenue among citizens.
- Less than adequate attention to environmental issues – a) dependency on fossil fuels as our primary energy source; b) minimal attention to the aspects/impact of global warming; c) a retrogressive approach to the country’s social issues.
- Under Reagan, they did create a platform for innovation, creativity and development which ultimately launched an explosion of new ideas, extraordinary product and service development and a national wealth, beyond expectations. This should not be discounted, however, as the nation exploded in wealth, the concentration of this wealth skewed unfairly to one side – even those who were responsible for making the products that drove this explosion, were excluded from sharing in benefits.
The results are undeniable. Over the past 30 + years, the wealthy have become even wealthier – the top 5% now own 70% of the nation’s equity; up from 49% in 1980 (beginning of the Reagan era). Revenues for the rich have increased by more than 400% over the same period, even as the middle and lower echelons of our society have experienced minimal or no growth in income.