Skip to content Skip to footer
|

From Prosperity to Austerity: Dialing Down Our Expectations

In the middle of the 1982 recession, with the worst unemployment since the Depression, Ronald Reagan gravely looked into the camera and told us that prosperity was right around the corner. Reagan famously declared it was “Morning in America,” and ribbed opponents for being pessimistic. We haven’t heard much about that recently from Reagan’s political heirs. Instead politicians and pundits are falling all over themselves to lower our expectations. “The economy has changed fundamentally,” said state senator Shannon Jones, the main sponsor of Ohio’s anti-labor law SB 5. Families, businesses, and governments all “have to adapt to tougher economic circumstances,” Jones told theNew York Times.

In the middle of the 1982 recession, with the worst unemployment since the Depression, Ronald Reagan gravely looked into the camera and told us that prosperity was right around the corner.

Reagan famously declared it was “Morning in America,” and ribbed opponents for being pessimistic.

We haven’t heard much about that recently from Reagan’s political heirs. Instead politicians and pundits are falling all over themselves to lower our expectations.

“The economy has changed fundamentally,” said state senator Shannon Jones, the main sponsor of Ohio’s anti-labor law SB 5. Families, businesses, and governments all “have to adapt to tougher economic circumstances,” Jones told theNew York Times.

Paul Ryan, the Republicans’ chief budget-cutter, tells Americans they’re going to have to live worse than their grandparents. Bedrock old-age protections like Social Security and Medicare? “We’re going to have to come to grips with the fact that these programs cannot exist,” Ryan says.

In Washington, leaders of the two parties settled on $39 billion in budget cuts over the weekend. They will hit transportation, education, health, and labor rights enforcement programs.

The politicians are remarkably grim, given the unimaginable quantity of cash overtopping the vaults of the very rich, and crowding the coffers of large corporations like GE that pay no taxes at all.

Wall Street’s top five firms found $90 billion to pay in bonuses last year. Corporations reported their best returns ever last fall, booking $1.7 trillion in profit.

Still, the pundits tell us that since most private sector workers no longer have real pensions, government workers should lose theirs, too. They quote irate taxpayers: “Why am I paying taxes so public sector workers can have something I don’t?” The Associated Press calls it “pension envy,” and its final result is clear: no pensions to envy.

And as sure as the sun sets in the west, politicians tell us, the cost of health insurance is destined to eat away at our paychecks.

This is the kind of rhetorical about-face that makes you wonder. Has the right abandoned the sunny rhetoric about the ever-upward climb of our economy and the endless inventiveness of U.S. capitalism? Whatever happened to the mythical rising tide that was supposed to lift all boats?

Now the water’s going out, and it’s only greedy public school teachers and overpaid union carpenters who are stuck in the past, imagining that for a hard day’s work they should get health care, a pension, a decent wage, and some respect on the job.

We’re told it’s in the interests of U.S. “competitiveness” to get rid of unions, which are keeping wages “artificially high.” But for 40 years, pay has been eroding for working people.

Next stop: getting rid of that “job killing” minimum wage. In Maine, Republicans are trying to pass a six-month “training wage” of $5.25 for workers under 20 (instead of the state $7.50 minimum wage).

Better yet, no onerous government regulations around child labor. A Missouri state senator introduced a bill to make it legal to employ workers under 14.

The labor movement should be able to make hay while the six-figure pundits try to sort out their confused message: The United States is the greatest country in the history of the world, but you need to take a wage cut and forget about retirement. (The Democratic version is: take a wage freeze and retire later.) To make up the shortfall, why not send your children out to work?

The “vision thing” suddenly belongs to protesters in Wisconsin, Indiana, and Ohio, those incurable optimists who say this country can do a lot better, and we can find the money by taxing the rich. Better than the Republicans, better than the tax-cutting, budget-slashing Democrats, yes, we can.

Truthout Is Preparing to Meet Trump’s Agenda With Resistance at Every Turn

Dear Truthout Community,

If you feel rage, despondency, confusion and deep fear today, you are not alone. We’re feeling it too. We are heartsick. Facing down Trump’s fascist agenda, we are desperately worried about the most vulnerable people among us, including our loved ones and everyone in the Truthout community, and our minds are racing a million miles a minute to try to map out all that needs to be done.

We must give ourselves space to grieve and feel our fear, feel our rage, and keep in the forefront of our mind the stark truth that millions of real human lives are on the line. And simultaneously, we’ve got to get to work, take stock of our resources, and prepare to throw ourselves full force into the movement.

Journalism is a linchpin of that movement. Even as we are reeling, we’re summoning up all the energy we can to face down what’s coming, because we know that one of the sharpest weapons against fascism is publishing the truth.

There are many terrifying planks to the Trump agenda, and we plan to devote ourselves to reporting thoroughly on each one and, crucially, covering the movements resisting them. We also recognize that Trump is a dire threat to journalism itself, and that we must take this seriously from the outset.

After the election, the four of us sat down to have some hard but necessary conversations about Truthout under a Trump presidency. How would we defend our publication from an avalanche of far right lawsuits that seek to bankrupt us? How would we keep our reporters safe if they need to cover outbreaks of political violence, or if they are targeted by authorities? How will we urgently produce the practical analysis, tools and movement coverage that you need right now — breaking through our normal routines to meet a terrifying moment in ways that best serve you?

It will be a tough, scary four years to produce social justice-driven journalism. We need to deliver news, strategy, liberatory ideas, tools and movement-sparking solutions with a force that we never have had to before. And at the same time, we desperately need to protect our ability to do so.

We know this is such a painful moment and donations may understandably be the last thing on your mind. But we must ask for your support, which is needed in a new and urgent way.

We promise we will kick into an even higher gear to give you truthful news that cuts against the disinformation and vitriol and hate and violence. We promise to publish analyses that will serve the needs of the movements we all rely on to survive the next four years, and even build for the future. We promise to be responsive, to recognize you as members of our community with a vital stake and voice in this work.

Please dig deep if you can, but a donation of any amount will be a truly meaningful and tangible action in this cataclysmic historical moment.

We’re with you. Let’s do all we can to move forward together.

With love, rage, and solidarity,

Maya, Negin, Saima, and Ziggy