Tag Archives: Trickle Down Theory

How The Party Of Lincoln Became The Party Of Trump.

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The Republican Party was once the party of abolitionists and the party of progressives. Its first leader, Abraham Lincoln, not only held the nation together during the Civil War. He signed the Emancipation Proclamation that ended one of the saddest chapters in U.S. history.

Unfortunately, a political party operating under the same name is now attacking the very foundations of our nation…the democratic principles established by our founders. Of course, the transformation of the once Grand Old Party didn’t happen overnight. After Lincoln, the party soon embraced the privileged and the powerful – the entrepreneurs rightfully labeled the “robber barons” who presided over the Gilded Age, a period of excesses marked by political corruption and unbridled materialism.

During that time, the nation was controlled by a succession of Republican presidents who presided over runaway capitalism founded on “Horse and Sparrow” economics – the theory that if you feed the horse enough oats, some will pass through and fall to the ground for the sparrows to eat.

As disgusting as that idea is, it didn’t disappear along with the Gilded Age. Though it was credited, in part, for the Panic of 1896 and the Great Depression of the 1930s, the Republican Party clung to the idea through every succeeding administration until it resurfaced under Reagan who renamed it “Supply Side” economics (aka “Trickle Down” theory or, perhaps more accurately “Voodoo” economics), and it continued under George W. Bush and Donald Trump. Again and again, it has resulted in economic failure for the majority of working Americans.

But failed economic policy alone is not responsible for where the Republican Party stands today.

In an effort to rig the 1968 election, Richard Nixon treasonously undermined the Vietnam peace talks, promising the Vietnamese that they would get a better deal if they stalled negotiations to help him be elected. During that period, Lee Atwater launched the party’s so-called southern strategy to embrace southern racists who were angry about integration and the Voting Rights Act. And in 1974, Nixon was forced out of office following the revelations of Watergate in which he overtly stole the 1972 presidential election.

In the late 70s and 1980s, Paul Weyrich used Roe v Wade to bring anti-abortion evangelical Christians into the Republican fold.

Not to be outdone by Nixon, Ronald Reagan also committed a treasonous act by undermining the Iran hostage negotiations. He, too, promised a better deal if the negotiations were delayed in order to help his electoral chances.

Of course, it was Reagan who also named the federal government – the government of the people, by the people and for the people – as the enemy of most Americans. He also famously led the attack against labor unions, favoring multinational corporations over workers. And his presidency ended in a cloud of corruption when his administration was caught illegally selling weapons to Iran to finance death squads in Central America.

In the 1990s, political divisions among Americans really began to take hold after Newt Gingrich was selected as Speaker of the House. To ensure his caucus would follow his lead, he threatened to have them “primaried” if they failed to vote as he wished, effectively ending true representation of their constituents.

During that time, the Republican congressional majority led an impeachment of President Bill Clinton that began with an unsuccessful investigation into a real estate and ended with the exposure of an illicit relationship with an intern.

In 2000, George W. Bush’s brother, Jeb, and a conservative majority Supreme Court helped “W” steal the presidential election. Once in office, he cut taxes for the wealthy, led us into an unpopular war with Iraq based on lies, and ended his term with a financial crisis that resulted in the Great Recession.

In 2016 and 2017, Senate Majority Leader Mitch McConnell blatantly stole two SCOTUS seats for conservatives. And that was far from the only Republican theft. Trump was able to steal the election through a variety of schemes with the help of Russia, news of an investigation of Hillary Clinton’s use of a private server, and a cover-up of Trump’s extramarital affairs with a porn star and a former Playboy centerfold model.

Once in power, Trump used the Oval Office for personal enrichment, a highly partisan failed response to a public emergency (the Covid-19 pandemic), and tax cuts for the wealthy. And, like Nixon, he turned to Roger Stone and a host of other dirty tricksters in an attempt to steal the 2020 election. He even encouraged his supporters to engage in a violent insurrection to prevent the peaceful transition of power.

Republican administrations have overseen repeated economic failures, financial inequality, increased poverty, at least one war based on lies, and corporate consolidation resulting in numerous monopolies. They have allowed the NRA to flood our streets with increasingly lethal military-style weaponry. They have weakened the institutions that have made this country great. And they have led us to the brink of autocracy.

It wasn’t just one man or one term that corrupted the GOP. The transition of the party from the idealistic Party of Lincoln to the criminal enterprise that is the Party of Trump is the result of a series of planned events that prioritized party over nation, money over freedom, and power over honesty.

The US Is No Longer A Democracy. Here’s How It Happened.

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Last year, a study from Princeton and Northwestern universities, “Testing Theories of American Politics: Elites, Interest Groups and Average Citizens,” concluded that the US government no longer represents the interests of the majority of the nation’s citizens. Instead, it panders to the rich and powerful.

In other words, the US has become an oligarchy defined as a government by the few, a small group that exercises control especially for corrupt and selfish purposes.

More recently, President Jimmy Carter, commenting on how big money has subverted our elections, said, “It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy with unlimited political bribery being the essence of getting the nominations.”

The US didn’t become an oligarchy by accident. We got here as the result of a long list of political decisions designed to pander to the wealthy and the powerful. Here’s how:

During the 1800s, the US went from a largely agrarian society to a society based on the industrial revolution. This created some extremely wealthy individuals often referred to as the “Robber Barons,” who took advantage of cheap labor created by the influx of immigrants. They paid little and subjected their employees to horrific working conditions. During this so-called Gilded Age, the wealthy chose the candidates and ran the nation until the masses began to rebel.

In the early 1900s, the Gilded Age ended when workers began to unionize. The wealthy responded by hiring the police and ex-military (the American Legion) to break the labor strikes by bashing some heads. In reality, it was America’s second civil war.

When the Great Depression struck, the nation moved even further toward socialism which caused the wealthy to try to arrange the assassination of President Franklin Roosevelt. In fact, many of the industrialists wanted the nation’s government to reflect the fascist governments of Italy and Germany. Their agenda was interrupted with the bombing of Pearl Harbor, World War II and the revelations of the Nazi death camps. And they were forced to accept the will of the masses until the 1970s when President Richard Nixon and Vice-President Spiro Agnew attacked the new media in order to deflect criticism of their policies.

By raising questions about the objectivity of the media which were embraced by conservatives, it set the stage (intentionally or not) for the Reagan administration and its economic policy of “Trickle Down” theory. This was nothing more than a return to the “Horse and Sparrow” economics of the gilded age, during which government policies were carefully crafted to benefit the wealthy under the theory that if you feed enough oats (money) to the horses (the wealthy) enough will fall on the road to feed the sparrows (the masses).

Reagan portrayed the government and its regulation of industry as the enemy. He attacked labor unions. He lowered taxes for the wealthy. He increased the amount of money exempted from estate taxes. He deregulated the media by eliminating the Fairness Doctrine which held media accountable to serve in the public interest. And he lowered capital gains taxes, which allowed the wealthy to keep more of their primary sources of income – interest and dividends from investments.

With the wealthy allowed to accumulate more money, labor unions on the defensive and an emasculated press, the table was set for the oligarchs. All of this was made worse by Grover Norquist, Jack Abramoff and Ralph Reed who showed the Republican National Committee that it could thrive by eliminating compromises from our political discussions and treating politics as war – a blood sport. Former House Speaker Newt Gingrich took congressional dysfunction a step further by transforming the GOP into a parliamentary-style party in which the entire Party is unified on every vote. If you dare to break ranks with Party, you are punished in the next primary and election.

Add to all of this the more than $28 billion lobbying industry, which is financed almost exclusively by the rich and the powerful, the American Legislative Exchange Council (ALEC), which writes laws on behalf of its corporate sponsors then hands them to its conservative members to sponsor in their state legislatures where the bills are often passed with little discussion or examination, and the George W. Bush administration which cut income taxes for the rich by 4.6 percent and all but eliminated the estate tax.

The last major player is the conservative majority on the US Supreme Court, which by 3 decisions (Buckley v Valeo, Citizens United v FEC and McCutcheon v FEC) unleashed a torrent of money in campaign donations from the oligarchs. So much so, that candidates should have to wear NASCAR-style uniforms with labels of their sponsors. Indeed, of the nearly $400 million donated to presidential candidates so far this year, nearly half has come from fewer than 400 families!

Given all of this, no election in our history has been as critical as next year’s. We can either continue further down the road of oligarchy by electing candidates who try to divide us over social issues while pandering to the wealthy. Or we can elect candidates of change – real change. Candidates who will put the power of the government back in the hands of the people.

That’s why I support Bernie Sanders.