Paul Krugman, The New York Times, December 31, 2007
Yesterday The Times published a highly informative chart laying out the positions of the presidential candidates on major issues. It was, I’d argue, a useful reality check for those who believe that the next president can somehow usher in a new era of bipartisan cooperation.
For what the chart made clear was the extent to which Democrats and Republicans live in separate moral and intellectual universes.
On one side, the Democrats are all promising to get out of Iraq and offering strongly progressive policies on taxes, health care and the environment. That’s understandable: the public hates the war, and public opinion seems to be running in a progressive direction.
What seems harder to understand is what’s happening on the other side — the degree to which almost all the Republicans have chosen to align themselves closely with the unpopular policies of an unpopular president. And I’m not just talking about their continuing enthusiasm for the Iraq war. The G.O.P. candidates are equally supportive of Bush economic policies.
Why would politicians support Bushonomics? After all, the public is very unhappy with the state of the economy, for good reason. The “Bush boom,” such as it was, bypassed most Americans — median family income, adjusted for inflation, has stagnated in the Bush years, and so have the real earnings of the typical worker. Meanwhile, insecurity has increased, with a declining fraction of Americans receiving health insurance from their employers.