Excerpts from Steven Pearlstein:
The GOP wants to repeal the 20th century, "Repeal the 20th century. Vote GOP. It’s not just the 21st century they want to turn the clock back on -- health-care reform, global warming and the financial regulations passed in the wake of the recent financial crises and accounting scandals. These folks are actually talking about repealing the Clean Air Act, the Clean Water Act and the Environmental Protection Agency, created in 1970s. They’re talking about abolishing Medicare and Medicaid, which passed in the 1960s, and Social Security, created in the 1930s. They reject as thoroughly discredited all of Keynesian economics, including the efficacy of fiscal stimulus, preferring the budget-balancing economic policies that turned the 1929 stock market crash into the Great Depression. They...give the strong impression they wouldn’t mind abolishing the Federal Reserve and putting the country back on the gold standard."
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