Salon: Libertarians don't know history or realitySubmitted by silentboom on Mon, 05/19/2014 - 10:09
It has long been customary to divide the Republican Party into three “camps”: big business or “Wall Street” Republicans, the religious right and neoconservatives or “national security” Republicans. The third group, it must be admitted, somewhat unsteadily combines neoconservatives proper (such as William Kristol) with old-fashioned defense hawks (such as Donald Rumsfeld), but perhaps this is the Republican “big tent” we keep hearing about.
In any case, this neat three-part logic was roiled by two events in 2008: the “Great Recession” and the election of Barack Obama as president. The latter’s decision to respond to the crisis with a fairly traditional mix of demand-side remedies — some tax cuts, some increased spending — ignited a fire storm on the right. CNBC’s Rick Santelli is often fingered as the principal arsonist. On Feb. 19, 2009, outraged by Obama’s plan to assist homeowners caught up in the collapse of the housing market, Santelli went on air to unburden himself of the following “ideas”: