Wednesday, May 18, 2011

Mitch Daniels Is Serious The Same Way A Heart Attack Is Serious... Or Paul Ryan

>

Ryan & Daniels-- as serious as it gets in GOP-land

Beltway pundits are desperately trying to create a serious contender for the GOP. Most have proven their worth by pushing Trump and Newt into the American consciousness for no reason beyond the entertainment value. The president of NBC's entertainment division summed it up beautifully Monday, when announcing Trump's new television season: "the crazier the celebrities, the bigger the ratings." And now the same clods and knaves who brought Trump and Newt into our living rooms day after day are lining up behind a little-known governor for Indiana, Mitch Daniels. Where have you heard that name before? While you're thinking about it, contemplate this vision of America-- one formulated by Paul Ryan when he was reading Ayn Rand-- that Mitch Daniels shares with him:



As Rachel Maddow pointed out Monday, in the video at the bottom of the post, Daniels biggest contribution to America was his deadly stint as head of George W. Bush's OMG, where he led the efforts to turn the Clinton $236 billion surplus into the biggest economic collapse since the Great Depression. I suppose that's why right-wing pundits keep pushing him as "serious." Daniels' "fiscal conservatism" left us with a $400 billion deficit after his two year tenure at OMB-- and set us well on the road to utter catastrophe.
[B]ecause of proposals developed on Daniels's watch-- such as tax cuts favoring the rich and unpaid-for projects, including the invasion of Iraq and a new prescription drug plan-- the fiscal situation of the federal government continued to sink over the ensuing years, plunging to a trillion-dollar-plus annual deficit by the time Bush left office in 2009.

Though Daniels was surely not at fault for all the elements in this budgetary catastrophe, he was a central player in the early stages of the process. A former political operative for Ronald Reagan and an Eli Lilly pharmaceutical executive, Daniels was the salesman who pitched and defended Bush's plans. ... [W]ith Daniels at the budget helm, the Bush administration quickly veered off-course and onto the rocks of a worsening debt crisis. Much of the expected surplus was squandered with huge tax cuts, leaving the nation vulnerable to unexpected economic and policy shocks like those that followed the 9/11 attacks.

...In 2002, Daniels famously low-balled the war's cost at $50 billion to $60 billion and joined in the repudiation of Bush's economic adviser Lawrence Lindsey, who had ventured an estimate as high as $200 billion. Daniels called Lindsey's price tag "very, very high."

But it turned out that even Lindsey's estimate, which led to his firing later that year, was very, very low. As of fiscal 2011, the Congressional Research Service reported that the Iraq War had cost $806 billion, with estimates putting the eventual total cost of the conflict at over $1 trillion.

Though Daniels's defenders say it is unfair to blame him for all of Bush's policy decisions, Daniels was "a key figure in the administration, helping design policies and pressing publicly for their enactment," Salon.com's Brendan Nyhan reported in a Feb. 12, 2002, article.

Besides citing Daniels's political role in pushing through Bush's deficit-oriented policies, Nyhan noted that Daniels's appointment to run the Office of Management and Budget marked an important evolution in the role of budget director from accounting wonk to political marketer.

"It is another sign of the importance P.R. tactics play in American politics," Nyhan wrote. "The OMB director-- once a budget expert-- is now an operative chosen for his political skills, particularly his ability to sell the administration's economic proposals in the media.

"In August [2001], Daniels admitted as much, telling the Wall Street Journal that '[t]o the extent I bring anything ... to this job, maybe it's an ability to think about how a product, whether it's Prozac or a president's proposal, is marketed.' Predictably, he has displayed a disturbing tendency to make dishonest claims for political advantage on federal budget issues."

For instance, Nyhan noted that Daniels first promoted the Bush tax cuts as a way to "share some of this large overcharge [the surplus] with the American people," but later he repackaged it as an economic stimulus. He also blamed the sudden $1.345 trillion drop in the projected surplus on various economic and technical factors, but the Congressional Budget Office cited the tax cut's $1.7 trillion price tag.

...Daniels also was ready to stoop to accounting trickery to make Bush's budgets seem less irresponsible.

"In the federal budget process, [Daniels's] OMB has employed a number of accounting devices and misleading assumptions to conceal the true costs of tax cuts, restore budgets to balance artificially and otherwise tried to achieve political ends by tricky budgetary means," Nyhan wrote.

"In the Bush budget plan, for example, the administration projects a return to surpluses in 2004 or 2005, but this ignores the cost of extending a provision protecting millions of middle income taxpayers from a tax increase under the individual alternative minimum tax. ...

"It is a matter of serious public concern that the federal budget director has become just another spinner dragging down public debate. Though he is a political appointee heading an executive agency, Daniels is also a public official with a larger responsibility to promote honesty in federal budget debates.

"But after more than a year at his position, he still frequently makes deceptive claims often without challenge. Daniels may not recognize the difference from his previous job [as a pharmaceutical executive], but we must. It is unacceptable to market our nation's economic policies like Prozac."

Yet, Daniels continues to lead a charmed life as far as Official Washington is concerned. From Fox News to MSNBC, he is praised as a "fiscal conservative" who would uplift the debate over the nation's debt crisis. He is widely praised for his work as Indiana's governor and -- although his title as Bush's budget director is mentioned in passing-- his work on some of the most reckless budgets in U.S. history escapes scrutiny.

Much more attention has been spent on his supposedly uncharacteristic deviation as Indiana's governor into enacting some of the nation's harshest anti-abortion rules and other right-wing social legislation. There's also been some coverage of his off-again-on-again marriage and whether his wife wants him to seek the White House.

But Daniels stands today as the latest Republican hailed for his wisdom and courage regarding budget issues.

He follows Rep. Paul Ryan, R-Wisconsin, the House Budget Committee chairmen whose inside-the-beltway reputation as a "serious" thinker only collapsed when the voters got a look at his plan for "saving" Medicare-- by killing the current government-run system and replacing it with a private-sector voucher approach-- while demanding still more tax cuts for the rich.

The fact that the Republicans, including Daniels and Ryan, were major supporting players in George W. Bush's diversion of the United States from its course a decade ago toward a debt-free government-- indeed one with a sizeable surplus-- to one burdened with the largest debt in the history of the world is never mentioned.

Like Ryan, Daniels remains "a fiscal conservative," at least in the boilerplate judgment of Washington's conventional wisdom.

Paul Krugman has been introducing Ryan to the American public for almost a year now-- from his famous flim-flam man column to yesterday's "Ryan turns out to be an empty suit, parroting the usual line...there’s no there there (and there never was)." He needs to get busy on Daniels, who should be even easier pickings even if he can raise millions from the old crowd that financed Bush's profitable (for them anyway) two terms. Maybe he's waiting for him to jump into the race.

Labels: , ,

0 Comments:

Post a Comment

<< Home