Here’s an explanation of why the Democrat policies have led us so far into economic desolation.
Excerpt:
The “philosophical starting point” of today’s Democrats, as Mr. Cantor sees it, is that they “believe in a welfare state before they believe in capitalism. They promote economic programs of redistribution to close the gap of the disparity between the classes. That’s what they’re about: redistributive politics.” The Virginian’s contempt is obvious in his Tidewater drawl. “The assumption . . . is that there is some kind of perpetual engine of economic prosperity in America that is going to just continue. And therefore they are able to take from those who create and give to those who don’t. We just have a fundamentally different view.”
[…]Like Mr. Cantor, President Obama is also a man of deep and strong convictions, and perhaps that’s why they seem to dislike each other so much. Call it, to adapt Freud, the narcissism of big differences. Mr. Cantor cautions that he isn’t a “psychoanalyst”—before politics, he was a real-estate lawyer and small businessman—but he says, “It’s almost as if someone cannot have another opinion that is different from his. He becomes visibly agitated. . . . He does not like to be challenged on policy grounds.”
In a meeting with the Journal’s editorial board Wednesday, Mr. Cantor, 48, gives his side of one of his more infamous altercations with the president. In a mid-July Cabinet Room meeting, Mr. Cantor made a suggestion that Mr. Obama and other Democrats took as impertinent. “How dare I,” Mr. Cantor recalls of the liberal sentiment in the room. He was sitting between Nancy Pelosi and Steny Hoyer, “and they were in absolute agreement that [the president] was such a saint for having endured all this.”
[…]Somewhat surprisingly, Mr. Cantor was in fact prepared to bargain on about $20 billion in higher taxes on “the shiny balls of the millionaires, billionaires, jet owners and oil companies” that Mr. Obama so often mentioned in public. “If they wanted to be able to claim the win on that,” Mr. Cantor says, he wanted net revenue neutrality in return, by lowering the corporate income tax rate or perhaps enacting an even larger tax reform. In effect, he was calling Mr. Obama’s bluff on “cheap politics.”
In private, however, the debate always returned to the status of the top marginal rate for individuals earning over $200,000 and $250,000 for couples—aka the Bush tax cuts for people who do not own private aircraft. Mr. Cantor argued that some large portion of the income that flows through the top bracket comes from “pass-through entities”—that is, businesses—and “to me, that strikes at the core of what I believe should be the policy, and that is to provide incentives for entrepreneurs to grow.”
By contrast, he says, “Never was there ever an underlying economic argument” from Democrats. “It was all about social justice. Honestly, one of them said to me, ‘Some people just make too much money.'”
They think that embraces policies that make them feel good about themselves and look good in front of others will automatically be good policies. But they are disastrous policies. The numbers don’t really matter to them, it’s all about the emotions. They feel that they need to demonstrate their superiority to us all by “solving” problems. And the way they find “solutions” to problems is by choosing whatever option makes them feel good and look good. Demonizing the wealthy makes them feel good and look good. They don’t care if it increases debt and raises unemployment. It’s all about their feelings and intuitions.
