It's the wages, stupid

"I'm no economist," to paraphrase Republican presidential hopefuls. But even a casual reader knows that for 35-odd years the lion's share of economic growth has gone to the wealthiest, and that the trend has accelerated in the last decade.

We're told, e.g. by David Leonhardt, that arresting the trend and creating wage growth is a gigantic mystery, and that Democrats, ostensibly the party of the less-than-wealthy, can only nibble around the edges, as with middle class tax cuts. That is, get GDP growth out of near-neutral and wage pressure will rise.

Now cometh billionaire Nick Hanauer, this generation's class traitor extraordinaire, to call bullshit and place the spotlight squarely on labor law and deliberate policy choices that have eroded workers' leverage vs. owners.  His focus is on wages -- specifically, in the piece below, on overtime pay. You can extrapolate and imagine a party that focuses relentlessly on the rules governing pay and workplace rules. I'm quoting an extended chunk here because I want to add my drops to the ocean, i.e. get a few more people to read this:

Free market visionary foresees healthcare apocalypse

Free market fundamentalist John H. Cochrane gave himself a Christmas gift on the Wall Street Journal op-ed page on Dec.25, allowing himself to anticipate the Affordable Care Act's certain imminent demise. Then, like a Left Behind acolyte imagining the apocalypse, he moved on to a vision of the new healthcare heaven and earth (liberally adorned with those free market halos, stock tickers):

We need to permit the Southwest Airlines, LUV -0.18% Wal-Mart, WMT +0.42% Amazon.com AMZN +0.95% and Apples of the world to bring to health care the same dramatic improvements in price, quality, variety, technology and efficiency that they brought to air travel, retail and electronics. We'll know we are there when prices are on hospital websites, cash customers get discounts, and new hospitals and insurers swamp your inbox with attractive offers and great service. 

The Affordable Care Act bets instead that more regulation, price controls, effectiveness panels, and "accountable care" organizations will force efficiency, innovation, quality and service from the top down. Has this ever worked? Did we get smartphones by government pressure on the 1960s AT&T T +0.30% phone monopoly? Did effectiveness panels force United Airlines and American Airlines to cut costs, and push TWA and Pan Am out of business? Did the post office invent FedEx, FDX +1.01% UPS and email? How about public schools or the last 20 or more health-care "cost control" ideas? 

The kernel of truth in blaming Obama

Greg Sargent and Steve Benen share a tic.  Almost daily, both expose the big lies and small lies on which Romney's economic case is founded.  Almost invariably, after highlighting the falsity in the Romney narrative, they warn: it could work.

One underlying assumption, inculcated by the political scientists, is that voters blame the president for the state of the economy because they don't understand how limited the powers of the presidency are, particularly when the out-party is determined to block all action proposed by the president. Hence Benen today:

A growing chorus indicts GOP intransigence (updated)

[Reposted, with additions from David Frum, Chuck Hagel and John Danforth. The list of testy-moany-yowls groweth apace.]

Sometimes the charge is leavened with a little bit of obligatory false equivalence -- or alternately, tinctured with partisan outrage. But left, right and center, in this election season of taking stock, a number of seasoned observers are stepping back for a global view of the hyperpartisanship and bad-faith obstructionism that Gingrich brought to Washington and that has become the Republican m.o.

One strong screed of this sort is Thomas Mann and Norman Ornstein's 4/27 Washington Post op-ed Let's just say it: the Republicans are the problem, a foretaste of a book they've just published on "the problem."  [Update: David Frum writes of Mann and Ornstein: "Both men have hard-earned reputations for nonideological independence" - link at bottom.] Their brief:

Today, thanks to the GOP, compromise has gone out the window in Washington. In the first two years of the Obama administration, nearly every presidential initiative met with vehement, rancorous and unanimous Republican opposition in the House and the Senate, followed by efforts to delegitimize the results and repeal the policies. The filibuster, once relegated to a handful of major national issues in a given Congress, became a routine weapon of obstruction, applied even to widely supported bills or presidential nominations. And Republicans in the Senate have abused the confirmation process to block any and every nominee to posts such as the head of the Consumer Financial Protection Bureau, solely to keep laws that were legitimately enacted from being implemented.

A growing chorus indicts GOP intransigence

Sometimes the charge is leavened with a little bit of obligatory false equivalence -- or alternately, tinctured with partisan outrage. But left, right and center, in this election season of taking stock, a number of seasoned observers are stepping back for a global view of the hyperpartisanship and bad-faith obstructionism that Gingrich brought to Washington and that has become the Republican m.o.

One strong screed of this sort is Thomas Mann and Norman Ornstein's 4/27 Washington Post op-ed Let's just say it: the Republicans are the problem, a foretaste of a book they've just published on "the problem."  [Update: David Frum writes of Mann and Ornstein: "Both men have hard-earned reputations for nonideological independence" - link at bottom.] Their brief:

Today, thanks to the GOP, compromise has gone out the window in Washington. In the first two years of the Obama administration, nearly every presidential initiative met with vehement, rancorous and unanimous Republican opposition in the House and the Senate, followed by efforts to delegitimize the results and repeal the policies. The filibuster, once relegated to a handful of major national issues in a given Congress, became a routine weapon of obstruction, applied even to widely supported bills or presidential nominations. And Republicans in the Senate have abused the confirmation process to block any and every nominee to posts such as the head of the Consumer Financial Protection Bureau, solely to keep laws that were legitimately enacted from being implemented.