- Moderate Florida Governor Charlie Crist was expunged this spring over support for the Obama administration on fiscal stimulus;
- Conservative Utah Senator Bob Bennett defenestrated for flirtations with bipartisanship on health care;
- The assault on John McCain in Arizona over immigration looks likely to fall short but has come closer than anyone would have guessed six months ago.
The Republican worldview was summed up by Ronald Reagan more
than 20 sic years ago: restraining government spending pro-growth policies tax reduction sound national defense and maximum individual liberty... Republicans lost in 2006 and 2008 because they didnt fight for these principles.
effort to simultaneously slash taxes boost defense spending and balance the budget produced a mountain of public debt. The economic boom the country enjoyed in the mid-80s was preceded and succeeded by deep recessions.
In the light of present circumstances the events this formula helped set in motion have eerie familiarity. Large fiscal deficits came first propelling a mid-decade Keynesian boom accompanied by rising trade and capital imbalances financed by Asian exporters; then came a wave of real-estate speculation on cheap credit followed by a stock market crash the savings-and-loans failures and a recession. The Bush administrations mix of spending shifts high-bracket tax cuts and deficits -- highlighted by Vice President Cheneys comment that Reagan proved deficits dont matter -- were a close copy of Reagans formula. Its re-run of the experiment
differed in only the particulars with the main source of capital China rather than Japan and the crashes coming in investment banks as well as real estate lenders. The end was the same just on a larger scale.
Here is a plausible source of this years conservative agony. Reaganism has vanquished all its rivals on the right.
The consensus style of Eisenhower and Ford are long gone; the international focus of the elder Bush lacks followers.
The small-town Republicanism of Dole is unexciting the bleeding-heart conservatism of Kemp has vanished and the paleo-conservatism of Buchanan commands some platoons of activists but alarms the general public.
But though Reaganism remains unchallenged as dogma the events of the last decade highlight its weakness as practical policy. There is no consensus among Republicans as to how it might be changed or replaced -- but lots of conservatives hope to be the ones to decide.
In this light only on the surface are this springs events an anti-incumbent rebellion against politicians like Crist Bennett and McCain.
Just beneath they represent the semi-conscious recognition of the end of a long intellectual reign -- and the opening of a battle for the succession.
RESOURCES: From the DLC --
Gresser vs. Chocola:
The DLCs 2004 reflection on the presidency and legacy of Ronald Reagan:
Two alternatives on the right-
1. Kevin Williamson writing in the May edition of National Review -- argues that it is t
ime for Republicans to accept the end of supply-side economics and has some ideas for a new approach. Williamson points to the self-deception that supply-side economics promises -- not only the Reagan program but its forerunner Californias Proposition 13 -- of lower tax rates higher revenues and self-cancelling deficits entail:
Properly understood there were no Reagan tax cuts. Looked at from the proper perspective we havent really had any tax cuts to speak of -- weve had tax deferrals ... A poorly applied supply-side analysis has infantilized Republicans when it comes to the budget. They love to cut taxes but cannot bring themselves to cut spending: Its eat dessert first and leave the spinach on the table. There is some evidence that this is both bad politics and bad policy.
His solution is a revival of real fiscal conservatism in two phases: One abjure magical thinking about tax cuts. Two develop a rhetoric in which spending and taxes are synonyms so a federal budget with $1 trillion in new spending means $1 trillion in new taxes -- levies on Americans today or on our children tomorrow with interest. 2. Meanwhile Tea Party activists rewrite the Maine Republican party platform. And the first disillusioned conservative -- David Frum in his 1993 Dead Right examines Reaganism and the various strands of conservative politics.


