In the no-mind of American strategic political thinking the problem with policies that push millions of people out of paying jobs and into poverty is one of ‘messaging.’ In more pragmatic terms the problem is (1) that millions of people have been pushed out of paying jobs and into poverty and (2) the people to whom this has been done tend to exact revenge at the polls. And to save the suspense, those doing the ‘messaging’ are on the other receiving end of said policies.
As if to salve the psyches of these unsettled no-messengers, Chairperson of the Federal Reserve and liberal Democrat Janet Yellen recently restated that the Washington Consensus is alive and well. While she didn’t use the term precisely, she did manage to re-implicate Ds (Democrats) and Rs (Republicans) as co-conspirators in austerity economics. The ‘innovation’ at work was to maintain a posture of technocratic calm amidst such impassioned looting.
In an event that went largely unremarked upon in favor of baby-Trump’s poorly considered emails re: political dirt on the politically dirty (why not discuss Hillary Clinton’s actual policies if you want political dirt?), Ms. Yellen reiterated the misdirection that austerity is much needed medicine in search of a malady. Politically speaking, national Democrats need more austerity even less than their (nominal) constituents do.
Readers may recall Barack Obama’s chide that the nation must ‘live within its means’ much as the Joads gathering…