Donald Trump Has Proven Liberals Right About the Tea Party
By
Jonathan Chait
Americans would never support a constitutionally ignorant, deficit-spending, authoritarian crony capitalist.Photo: Chip Somodevilla/Getty Images
"Time magazine’s
profile of Donald Trump, its Man of the Year, notes, “he has little patience for the organizing principle of the Tea Party: the idea that the federal government must live within its means and lower its debts.” What’s astonishing about this sentence, which appears in a generally fascinating and well-done story, is its casual acceptance of the premise that fiscal discipline is, or was, the tea party’s organizing principle.
"When the tea party appeared on the scene in 2009, an intense partisan dispute broke out as to just what this movement represented. Conservatives insisted that what spurred protesters into streets and town halls were the timeless principles of conservative movement thought: advocacy of balanced budgets, adherence to a strict constructionist version of the Constitution, opposition to “crony capitalism,” and skepticism of Keynesian economics. Liberals suggested a different explanation. The tea party was an expression of ethno-nationalist rage centered around a black president and the belief that his coalition stood for redistribution from older, white America to its younger, more diverse supporters. Reports by close students of the phenomenon, like
Theda Skocpol and Vanessa Williamson, or
Stanley Greenberg, revealed that deep-seated fear of demographic change rather than abstract constitutional or economic principles lay at the heart of the revolt against Obama.
"One could not have devised a sequence of events more perfectly designed to prove the liberal theory of the case than the election of Donald Trump. Here is a politician whose devotion to ethno-nationalism is total, and whose support for “constitutional conservatism” is nonexistent. He openly flouts republican norms, threatening to jail his political opponents and encouraging violence against protesters. When House Republicans begged him at a July meeting to throw them a bone by saying something nice about the country’s founding document, he
rambled incoherently (by the on-the-record account of Republicans present at the meeting) and promised to protect the nonexistent “Article 12.”
"Trump is justifying his plans to jack up the deficit on Keynesian grounds (“sometimes you have to prime the pump,” he tells Time), and many have noted the GOP’s sudden reversal on an economic theory it rejected in 2009. But to call this a mere reversal understates the case substantially. Keynesian theory does not advocate deficit spending under all circumstances. It holds that fiscal stimulus is the correct response to a specific, rare emergency: when interest rates are not strong enough to prevent the economy from falling into a liquidity trap. Keynesians can argue about just what conditions are dire enough to justify the strong remedy of deficit spending. 2009 was an easy case, a once-in-a-century catastrophe for which monetary stimulus alone could not hope to suffice. But to support Keynesian stimulus in 2016, with unemployment at 4.6 percent, is a completely different story. That is a circumstance only the most indiscriminate Keynesian — what economists used to call “vulgar Keynesians” — would deem suitable for stimulus. And yet Republicans who rejected stimulus when it was unquestionably necessary have followed Trump’s call to employ it in far murkier circumstances.
"Perhaps Trump’s most comic violation of so-called conservative principle is his blatant favoritism toward individual business firms. Remember the hysterical fears of “crony capitalism,” and even “gangster government,” when the Obama administration subsidized green-energy technology and prevented the collapse of the auto industry in the face of frozen credit markets? Now Trump is happily embracing specific tax favors for firms that allow him to boast he has saved jobs. One can only imagine the horror Republicans would have displayed if Obama
threatened retribution against a firm, causing its stock price to tank, after its CEO criticized his policies."
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