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The Republicans continue to behave irresponsibly as America faces crisis after crisis
Here’s a bottom line to keep you up at night: The economy is falling faster than Washington can get moving. President Barack Obama says his stimulus plan will save or create 4 million jobs in two years. In the last four months of 2008 alone, employment fell by 1.9 million. Do the math. The new-home sales rate has fallen to its all-time low since record-keeping began in 1963. What are Americans still buying? Big Macs, Campbell’s soup, Hershey’s chocolate and Spam – the four food groups of the apocalypse. The crisis is at least as grave as the one that confronted us – and, for a time, united us – after 9/11.
Which is why the antics among Republicans on Capitol Hill seem so surreal. Where is their patriotism now that economic terror is inflicting far more harm on their constituents than Saddam’s nonexistent WMD? The House stimulus bill is an inevitably imperfect hodgepodge-in-progress. Obama’s next move, a new plan to prevent the collapse of America’s banks, may prove more problematic still, especially given the subpar record of the new Treasury Secretary, Timothy Geithner, in warding off calamity while at the New York Fed. You might think that a loyal opposition would want to pitch in and play a serious role.
The current GOP acts as if it... and we... have all the time in the world. It kept hoping in vain that the fast-waning Blago sideshow would somehow impale Obama or Rahm Emanuel. It has come perilously close to wishing aloud that a terrorist attack will materialise to discredit Obama’s reversals of Bush policy on torture, military tribunals and Gitmo. The party’s sole consistent ambition is to play petty politics to gum up the works. If anything, the Republican congressional leadership seems to be emulating John McCain’s September stunt of “suspending” his campaign to “fix” the Wall Street meltdown. For all his bluster, McCain in the end had no fixes to offer and sat like a pet rock at the White House meeting on the crisis before capitulating to the bailout.
If the country wasn’t suffering, the Republicans’ behaviour would be a laugh riot. The House minority leader, John Boehner, from the economic wasteland of Ohio, declared on “Meet the Press” last Sunday that the GOP didn’t want to be “the party of ‘No’” but “the party of better ideas, better solutions.” And what are those ideas, exactly? He said he’ll get back to us “over the coming months.” His deputy, the Virginia congressman Eric Cantor, has followed the same script. Not to be left out, the party’s great white hope, Sarah Palin, unveiled a new political action committee last week with a website also promising “fresh ideas.” But as the liberal blogger Markos Moulitsas Zuniga observed, the site invites visitors to make donations and read Palin’s hagiography while offering no links to any ideas, fresh or otherwise.
For its own contribution to this intellectual void, the Republican National Committee convened last week under a new banner, “Republican for a Reason.” Perhaps that unidentified reason will be determined by a panel of judges on a TV reality show. It had better be brilliant given that only five states (with 20 total electoral votes) now lean red in party affiliation, according to Gallup. At this rate the GOP will be in Alf Landon territory by 2012. The Republicans do have one idea, of course, but it’s hardly fresh: more and bigger tax cuts, particularly for business and the well-off. That’s the sum of their “alternative” stimulus plan. Obama has tried to accommodate this panacea, perhaps to a fault. Mainstream economists in both parties believe that tax cuts in the stimulus package will deliver far less bang for the buck than, say, infrastructure spending. The tax-cut stimulus embraced a year ago by the GOP induced next-to-no consumer spending as Americans merely banked the savings or paid down debt.
The nightmare is that we have so irrelevant, clownish and childish an opposition party at a moment when America is in an all-hands-on-deck emergency that’s as trying as war. To paraphrase a dictum that has been variously attributed to two of our most storied leaders in times of great challenge, Thomas Paine and George Patton, the Republicans should either lead, follow or get out of the grown-ups’ way.
Frank Rich
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
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The Republicans continue to behave irresponsibly as America faces crisis after crisis
Here’s a bottom line to keep you up at night: The economy is falling faster than Washington can get moving. President Barack Obama says his stimulus plan will save or create 4 million jobs in two years. In the last four months of 2008 alone, employment fell by 1.9 million. Do the math. The new-home sales rate has fallen to its all-time low since record-keeping began in 1963. What are Americans still buying? Big Macs, Campbell’s soup, Hershey’s chocolate and Spam – the four food groups of the apocalypse. The crisis is at least as grave as the one that confronted us – and, for a time, united us – after 9/11.Which is why the antics among Republicans on Capitol Hill seem so surreal. Where is their patriotism now that economic terror is inflicting far more harm on their constituents than Saddam’s nonexistent WMD? The House stimulus bill is an inevitably imperfect hodgepodge-in-progress. Obama’s next move, a new plan to prevent the collapse of America’s banks, may prove more problematic still, especially given the subpar record of the new Treasury Secretary, Timothy Geithner, in warding off calamity while at the New York Fed. You might think that a loyal opposition would want to pitch in and play a serious role.
The current GOP acts as if it... and we... have all the time in the world. It kept hoping in vain that the fast-waning Blago sideshow would somehow impale Obama or Rahm Emanuel. It has come perilously close to wishing aloud that a terrorist attack will materialise to discredit Obama’s reversals of Bush policy on torture, military tribunals and Gitmo. The party’s sole consistent ambition is to play petty politics to gum up the works. If anything, the Republican congressional leadership seems to be emulating John McCain’s September stunt of “suspending” his campaign to “fix” the Wall Street meltdown. For all his bluster, McCain in the end had no fixes to offer and sat like a pet rock at the White House meeting on the crisis before capitulating to the bailout.
If the country wasn’t suffering, the Republicans’ behaviour would be a laugh riot. The House minority leader, John Boehner, from the economic wasteland of Ohio, declared on “Meet the Press” last Sunday that the GOP didn’t want to be “the party of ‘No’” but “the party of better ideas, better solutions.” And what are those ideas, exactly? He said he’ll get back to us “over the coming months.” His deputy, the Virginia congressman Eric Cantor, has followed the same script. Not to be left out, the party’s great white hope, Sarah Palin, unveiled a new political action committee last week with a website also promising “fresh ideas.” But as the liberal blogger Markos Moulitsas Zuniga observed, the site invites visitors to make donations and read Palin’s hagiography while offering no links to any ideas, fresh or otherwise.
For its own contribution to this intellectual void, the Republican National Committee convened last week under a new banner, “Republican for a Reason.” Perhaps that unidentified reason will be determined by a panel of judges on a TV reality show. It had better be brilliant given that only five states (with 20 total electoral votes) now lean red in party affiliation, according to Gallup. At this rate the GOP will be in Alf Landon territory by 2012. The Republicans do have one idea, of course, but it’s hardly fresh: more and bigger tax cuts, particularly for business and the well-off. That’s the sum of their “alternative” stimulus plan. Obama has tried to accommodate this panacea, perhaps to a fault. Mainstream economists in both parties believe that tax cuts in the stimulus package will deliver far less bang for the buck than, say, infrastructure spending. The tax-cut stimulus embraced a year ago by the GOP induced next-to-no consumer spending as Americans merely banked the savings or paid down debt.
The nightmare is that we have so irrelevant, clownish and childish an opposition party at a moment when America is in an all-hands-on-deck emergency that’s as trying as war. To paraphrase a dictum that has been variously attributed to two of our most storied leaders in times of great challenge, Thomas Paine and George Patton, the Republicans should either lead, follow or get out of the grown-ups’ way.
Frank Rich
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
