Tim Pawlenty and That Old-Time Supply Side Black Magic

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Tim Pawlenty today:

I promised to level with the American people. To look them in the eye. And tell them the truth.

OK, Tim. Hit me with it. I’m ready to be leveled with and told hard truths that I might not like:

I propose just two rates, 10% and 25%…..A one-third cut in the bottom rate….And a 28% cut in the top rate to spur investment and job creation. In addition, we should eliminate all together the capital gains tax, interest income tax, dividends tax and the death tax.

….Once we unleash the creative energy of America’s businesses, families and individuals as we did in the eighties and nineties, a booming job market will reduce demand for government assistance. And rising incomes will increase federal revenues….5% economic growth over 10 years would generate 3.8 trillion dollars in new tax revenues.

So that’s Tim Pawlenty’s hard truth? That if I suck it up and accept lower taxes, federal revenues will magically go up and our deficit problem will already be half solved without anyone having to do anything? That’s some tough talkin’, governor. You’ll probably take a real hit in the polls for this kind of truthtelling.

It’s hard to know what to say about this. The pander quotient in Pawlenty’s speech is just off the charts. It’s less a speech than a series of Reagan-era applause lines bulked up on steroids and then stitched together for public consumption. Reduce taxes on the rich (plus a little bit on the middle class so it’s not too obvious what’s going on). Cut corporate taxes. Pass a balanced budget amendment. Raise the Social Security retirement age. Eliminate the post office, the government printing office, Amtrak, and Fannie and Freddie. Apply “Lean Six Sigma” to generate 20% spending reductions.1 Slash regulations that cost us $1.75 trillion per year. Repeal Dodd-Frank. Repeal healthcare reform. Gut the EPA. Keep the dollar strong. No more “printing money.”

I dunno. It feels like Pawlenty is auditioning for the lead role in a campaign remake of “Heart of Darkness” or something. A couple of miscellaneous comments, though. First, after a few years of skirting dangerously close to reality, I guess it’s once again official Republican dogma that tax cuts pay for themselves and then some. Glad to see they can still kick it old school. Second, it looks like the battle of the GOP “adults” — Romney and Pawlenty — is taking shape. Romney lately seems to be hedging a bit toward non-insanity, hoping that there’s still a majority in the Republican Party that isn’t quite willing to sail completely over the Palin/Beck/Limbaugh cliff into fairyland. Pawlenty, conversely, is going all in. If you believe in faith, freedom, and that old-time supply-side black magic, he’s your man.

Which will Republican voters choose? I don’t know, but the battle lines seem fairly well drawn now.

1No, I have no idea what this bit of corporate consultant babble means either, and I refuse to Google it to find out.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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