Old friend ED has a long post up at Forbes about what he aptly describes as Democrats’ long ideological retreat on economic matters. He writes:
The cheering of ‘historic cuts’ by Democrats in the depths of one of the worst economic downturns in the history of this nation should be viewed as a defeat in and of itself, the beginning of a long ideological retreat.[…..]
At what point do we hold our elected officials accountable for their bad compromises? At what point do we ask a president who campaigned against the legacy of his predecessor why he has continued so many of the last administration’s worst practices, from war in the Middle East to education reform? And at what point do we ask Democrats to stop running from every fight, to stop meeting the GOP in the middle time and time again, while Republicans constantly work to shift the middle further and further to the right?
Except I don’t think it’s the beginning of a retreat, the retreat has been going on for 30 years. A Democratic House passed both rounds of Reagan tax cuts. Clinton signed welfare reform, made Bob Rubin the Secretary of Treasury, and declared the era of big government over.
I’m not saying that was all bad, by the way, the Clinton boom did great things for working people in this country, not just low unemployment but solid wage increases. Heeding the Siren call of Ryanomics would be all bad, though.
Democrats can’t retreat on economic issues forever. Maybe it’s smart to dodge the incoming fire until the demographic cavalry arrives, but I’m getting nervous.