Have the Republican Regulars crushed the Tea Party Insurgents? Yes.
Has the Revolution met its Counterrevolution? Yes.
Does it matter? No.
Both factions stand against Big Government.
Neither is providing a high potency agenda for equitable prosperity.
The indefensibly grandiose overreach of Obama and the Democrats may well allow the GOP to parlay an oppositional strategy into a Senate majority in November. Yet both the GOP's Regular and Insurgent factions appear to be stuck, exclusively, in Reverse. The electorate desires more than that.
The factional disputes are more tactical than ideological. Some reversal is required (including from the GOP's own prior excesses). The voters want to hear a commitment to credible ways toward job creation, economic flourishing through honest labor, and the dignity that derives therefrom.
Republican solicitude to “job creators” — in preference to us workers — makes it sound like the party of Thurston Howell III. "Gilligan, refresh Lovey's and my martinis. There will be a modest tip for you. Chop-chop."
There is a better way. Proto-supply-sider Peter Drucker nailed it in The Effective Executive:
"In every area of effectiveness within an organization, one feeds the opportunities and starves the problem.” (p. 98. Emphasis original.)
The GOP is very good, and somewhat credible, at promising to starve (or at least put on a diet) the problem, or part of it. It is seriously deficient in promising to feed opportunities.
Jack Kemp showed how to do that with his advocacy of economic growth through across-the-board marginal income tax rate cuts and the gold standard. Reagan put the rate cuts and a proxy for the gold standard in place. It worked. He won re-election in a 49-state electoral landslide.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 22nd, 2014 | John Ransom