'What works' polarized by politics
“Well, the liar won!” That's what half the country will be saying tomorrow night or on Wednesday morning, no matter who wins the presidential election, given the current level of political polarization, anger and mistrust.
It's probably, in fact, much more than half the population who won't be in a very celebratory mood about tomorrow's results in view of the core political belief that says, and not without an abundance of evidence, that “they all lie.”
Some of these folks won't vote and some only go to the polls to try to stop an even-worse phony from winning. As W. C. Fields said, “Hell, I never vote for anyone, I always vote against.”
In his “Damn Lies and Statistics” recent column, Peter Coy, economics editor at Bloomberg Businessweek, asks this question regarding the misinformation in the presidential campaign and the increasingly toxic nature of American politics: “If the candidates can't agree on basic facts, what hope does the U.S. have of coming together to fix the economy?”
In the second presidential debate on Oct. 16, here's the exchange on domestic oil production during the Obama presidency:
Barack Obama: “Production is up.”
Mitt Romney: “Is down.”
Obama: “No, it isn't.”
Romney: “Production on government land of oil is down 14 percent.”
Obama: “It's just not true.”
Romney: “It's absolutely true.”
This “war over facts reflects a coarsening of American politics,” writes Coy. “Polarization has undermined civility and fair play,” while the two parties have become more adept at “engineering factoids” than developing solutions to the nation's problems.
Increasingly, Coy warns, we're a nation of divided and enraged true believers with “partisans on both sides” who “simply can't believe information that undermines their cause or supports their opponents'.”
When it's pounded into your head that Ronald Reagan was a patsy for the rich and a nightmare for the poor, it's hard to process the fact that unemployment declined from 7.4 percent in December 1980, the final month of Carter's administration, to an average of 5.4 percent during Reagan's two terms, a drop of 27 percent.
Both the poverty rate and the number of poor people in America, once Reagan's economic policies kicked in, declined every year from 1983 to 1989, pushing the poverty rate down by 17 percent from its peak.
Reagan also inherited a 21.5 percent prime rate and double-digit inflation, with the Consumer Price Index rising 11.3 percent in 1979 and 13.5 percent in 1980 — 25 percent in two years, a snowballing of prices that's the least affordable by those at the bottom, those who are already struggling to buy the basics and unable to cut back on spending when faced with a 25 percent cut in their inflation-adjusted incomes.
Overall, more wealth was created in the U.S. in the 25 years following the enactment of Reagan's pro-business, deregulatory, pro-incentives, tax-cutting and pro-growth policies, 1982-2007, than in America's previous 200 years, with the inflation-adjusted net worth of all U.S. households and businesses more than doubling from $25 trillion to $57 trillion.
That's big money, big enough for the Soviets to see that it was time to toss in the towel in the Cold War.
Not bad — prosperity and peace, more jobs, less poverty, less unemployment, less misery, unprecedented long-term economic growth — and less bloodletting in war. So what's the problem? Why can't those who are anti-poverty, pro-jobs and anti-war just recognize what works and what doesn't?
Ralph R. Reiland is an associate professor of economics at Robert Morris University and a local restaurateur. His email: email@example.com
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Steelers RB Archer trying to catch up after tough rookie season
- Steelers LB Timmons has grown into leadership role on defense
- Steelers notebook: Backup QB Gradkowski remains out with shoulder issue
- Pirates third baseman Ramirez’s last ride is about winning a ring
- Dollars and sense: High cost of child care keeps many out of work force
- Former Cal U football player cleared of assault charges sues university, police, prosecutor
- Penguins to appear on national TV 18 times in 2015-16
- Ambridge’s PittMoss takes off with help from TV show, Mt. Lebanon native Cuban
- Gameday: Pirates at Twins, July 28, 2015
- Rising East Liberty out of reach for Pittsburgh’s poor
- ‘Real’ people, solutions at heart of GOP ad blitz in Pa.