WASHINGTON - By all rights, 2012 ought to be a cakewalk for the  GOP. Unemployment is pandemic. Riot police are confronting protesters  in public squares and on college campuses. In an epic fail of foresight,  the Democratic convention will be held in one of the world's banking  centers, Charlotte, North Carolina – setting the stage for violent  clashes not seen since the streets of Chicago, 1968. "I hope they keep  this up," gloated Grover Norquist, one of the Republican Party's most  influential strategists. "Hippies elected Nixon. Occupy Wall Street will  beat Obama."
  (ANDEL NGAN/AFP/Getty Images) But  don't go writing the president's political obituary just yet: He may  wind up being resurrected by the GOP itself. The Republican Party –  dominated by hardliners still cocky after the electoral sweep of 2010 –  has backed its entire slate of candidates into far-right corners on  everything from the environment and immigration to taxation and economic  austerity. Whether the GOP opts for Mitt Romney or an "anti-Mitt" is  almost entirely beside the point. On the major policy issues of the day,  there's barely a ray of sunshine between any of the viable Republicans,  not counting those who have committed the sin of libertarianism (Ron  Paul) or moderation (Jon Huntsman). No matter who winds up with the  nomination, it appears, Obama will face a candidate to the right of  Barry Goldwater.
  (ANDEL NGAN/AFP/Getty Images) But  don't go writing the president's political obituary just yet: He may  wind up being resurrected by the GOP itself. The Republican Party –  dominated by hardliners still cocky after the electoral sweep of 2010 –  has backed its entire slate of candidates into far-right corners on  everything from the environment and immigration to taxation and economic  austerity. Whether the GOP opts for Mitt Romney or an "anti-Mitt" is  almost entirely beside the point. On the major policy issues of the day,  there's barely a ray of sunshine between any of the viable Republicans,  not counting those who have committed the sin of libertarianism (Ron  Paul) or moderation (Jon Huntsman). No matter who winds up with the  nomination, it appears, Obama will face a candidate to the right of  Barry Goldwater.
 Take it from one of the most divisive figures in the history of GOP  presidential politics: "Those people in the Republican primary have got  to lay off," the televangelist Pat Robertson warned recently. "They're  forcing their leaders, the front-runners, into positions that will mean  they lose the general election." Robertson knows fringe politics: In  1988, he ran for president on a platform that included abolishing the  Department of Education and adopting a constitutional amendment to  prohibit deficit spending. At the time, Robertson was dismissed as an  unelectable candidate of the far right. Today, he would be somewhere to  the left of Texas governor Rick Perry. And that way lies ruin: "You'll  appeal to the narrow base, and they'll applaud the daylights out of what  you're saying," Robertson cautioned. "And then you hit the general  election and they say, 'No way!' They've got to stop this!"
 But Republican candidates show no signs of moderating their  positions. In fact, with the first primary contests rapidly approaching,  all of the top contenders are tripping over themselves in a race to the  far right. Herman Cain's 9-9-9 plan kicked off a flat-tax bidding war:  Perry is calling for an even more regressive rate of 20 percent, while  Newt Gingrich advocates a flat tax of just 15 percent. Even Mitt Romney –  who once blasted such proposals for enriching "fat cats" – now  exclaims, "I love a flat tax!" The candidates have also lined up behind a  host of other extremist positions: waging war with Iran, slashing or  privatizing benefits like Social Security, extending constitutional  rights to zygotes, eliminating restrictions on Big Oil and other deadly  polluters, and freeing up Wall Street to return to the lawlessness that  buzzsawed the global economy. Individual candidates have embellished  this partywide radicalism with wingnuttery all their own: Gingrich calls  child labor laws "truly stupid," Perry likens Social Security to "a bad  disease," and Romney wants to privatize unemployment insurance.
 To many GOP stalwarts, conditions today seem ripe for a repeat, not  of the 1968 election of Richard Nixon, but of the setback the party  experienced four years earlier, when embattled incumbent Lyndon Johnson  won re-election in a landslide over Republican hardliner Goldwater. "I  can't imagine that we expect – even with the economic situation the way  it is – anything but a Goldwater-like drubbing if we persist with these  guys," says Col. Lawrence Wilkerson, who served as chief of staff to  Secretary of State Colin Powell. "Even Romney is in many ways  unelectable. He's been a hardliner during the primary on key issues –  and then he's going to do this dance where he suddenly shifts to the  middle and is a centrist in the general election? He can do that – but  Obama will trounce him."
 PROMOTE DIRTY JOBS
 Nowhere is the GOP's lock-step approach to governance more in  evidence than on the question of employment. At a moment when 25 million  Americans lack full-time jobs, this is obviously going to be the  central issue of the 2012 election. Yet the Republican candidates all  have the same jobs plan: to put the unemployed to work on behalf of big  polluters.
 Take the plan proposed by Rick Perry, which calls for boosting  employment through "increased domestic energy production" – including  renewable power. But every one of the 1.2 million jobs that Perry claims  his plan would create involves the extraction of climate-polluting  fossil fuels. There are 20,000 jobs from building the Keystone XL  pipeline to burn more of Canada's tar sands, 100,000 from oil drilling  in the Arctic National Wildlife Refuge, 240,000 from drilling in the  Gulf of Mexico and off the Carolinas, and 500,000 from "onshore oil and  gas development" in the West.
 With minor variations, this is the same jobs plan put forth by every  GOP candidate. The only true disagreement among them is just how many  dirty-energy jobs can be created by allowing Big Oil and other polluters  to pillage America's landscape and shorelines. Gingrich pegs it at 1.1  million jobs. Michele Bachmann says it's 1.4 million. Romney, whose plan  is predicated on the return to the kind of fast-track permitting that  precipitated the BP disaster in the Gulf, promises 1.6 million jobs –  including 1.2 million from offshore drilling alone. "The United States  is blessed with a cornucopia of carbon-based energy resources," Romney  writes in his plan. "We do not even know the extent of our blessings."
 TRASH THE ENVIRONMENT
 To clear the way for the orgy of drilling, mining and fracking the  GOP candidates have proposed, it's first necessary to gut the  Environmental Protection Agency, which has been authorized by the  Supreme Court to curb climate pollution. Many of the top Republican  contenders, in fact, once sounded the alarm on climate change; today,  they scoff at its very existence.
 In 2008, for example, Gingrich filmed a commercial for Al Gore's  Alliance for Climate Protection with then-House Speaker Nancy Pelosi. In  the spot, Gingrich gazed into Pelosi's eyes before looking into the  camera and declaring, "We do agree: Our country must take action to  address climate change." Gingrich vowed to "strongly support" mandatory  caps on carbon pollution. But now that the likes of Peabody Energy have  pumped hundreds of thousands of dollars into his lobbying coffers,  Gingrich is singing the polluters' tune. In November, he said he no  longer believes climate change is real: "I actually don't know whether  global warming is occurring."
 Romney's flip-flop was even swifter. In June, at the start of his  campaign, he declared, "I believe that humans contribute" to warming  through "our emissions of greenhouse gases." By October, he had fully  embraced climate denial, insisting that "we don't know what's causing  climate change." His jobs plan, meanwhile, casts the industries driving  the climate crisis as victims of "the Obama administration's war on  carbon dioxide." Like every other top Republican in the race, Romney  also insists that the EPA be effectively barred from enforcing the Clean  Air Act, calling the hallmark environmental legislation "outdated" and  insisting that it must be "streamlined" to benefit coal plants by  "removing carbon dioxide from its purview."
 To date, Romney has received $300,000 in oil and gas contributions.  That's a pittance in comparison to Perry, who has pocketed $740,000 from  the same industries. Perry is a shameless climate denier who maintains –  against all evidence – that "we have been experiencing a global cooling  trend" and that climate change is "all one contrived phony mess" cooked  up by Gore, that "false prophet of a secular carbon cult." The Texas  governor insists that all new rules designed to curb the deadly  emissions of coal plants or the toxic chemicals used in the fracking of  natural gas should be put on hold.
 Other GOP candidates go even further. Bachmann insists that under her  presidency, the EPA will have its "doors locked and lights turned off."  Gingrich blasts the agency – created by Richard Nixon – as "a tool of  ideologues to push an anti-jobs agenda." Outdoing them all, Cain  advocates that the EPA be overhauled by a commission staffed by "the  people closest to the problem" – the "problem," in his view, being  federal curbs on pollution, and the "people" being big-energy CEOs. "If  you've been abused by the EPA like Shell Oil," Cain said this fall, "I'm  going to ask the CEO of Shell Oil would he like to be on this  commission, and give me some recommendations."
 The leading GOP candidates also want to roll back new regulations  introduced by the Obama administration to prevent industrial boilers,  cement plants and coal smokestacks from pumping poisons into the  atmosphere that cause tens of thousands of premature deaths each year.  Even Republican veterans are appalled by such a blatant rejection of the  party's storied history of conservation, dating back to Teddy  Roosevelt. "These rules are grounded in the best available science,"  noted William Reilly, who served as EPA chief under George H.W. Bush.  "But for some of the most prominent leaders of the Republican Party,  science has left the building."
 So extreme is the agenda of the GOP candidates, in fact, that it even  trashes the laissez-faire legacy of Goldwater. "While I am a great  believer in the free-enterprise system," the Arizona senator said in  1970, "I am an even stronger believer in the right of our people to live  in a clean, pollution-free environment."
 UNLEASH WALL STREET
 The GOP candidates are not just seeking to roll back regulations on  Big Carbon – they also want to gut a wide range of safeguards designed  to protect consumers and workers. Perry has called for a "moratorium" on  all pending regulations. Bachmann wants an end to "this red-tape  rampage." Romney, in a fit of technocratic nonsense, is calling for a  cap on regulatory costs, whereby the economic impact of any new  regulation must be offset by repealing an established rule. Under his  bizarre plan, a Romney administration might pay for new rules against  contaminated meat by eliminating the current ban on lead paint in  children's toys.
 Above all, the GOP candidates are unanimous in their desire to kill  the new post-crash rules crafted to end reckless speculation by big  banks and Wall Street firms. Gingrich has gone so far as to call for the  Democratic authors of the law, Chris Dodd and Barney Frank, to be  jailed for "killing small banks, crippling small businesses, driving  down the value of housing and creating corrupting Washington controls  over the biggest banks." Repeal of Dodd-Frank would allow Wall Street  firms like Goldman Sachs to return to the days of secretly trading  trillions in derivatives contracts and betting against their own  clients. It would also kill off the Consumer Financial Protection  Bureau, the agency set up by Elizabeth Warren to prevent average  Americans from being suckered into subprime mortgages and credit cards  with usurious interest rates.
 When the GOP candidates talk about these essential curbs on the  abuses of big banks, it's as though they live in an alternate universe –  one where Wall Street never drove the world's economy off a cliff. Cain  insists that Dodd-Frank "does little to shield Main Street from the  alleged risks of Wall Street," while Perry adds that the law should be  replaced by "market-oriented" measures – but only if such controls  should prove "necessary." The GOP front-runners are so committed to a  Wall Street free-for-all that they even want to gut Sarbanes-Oxley, the  accounting reforms passed under George W. Bush to bar corporate America  from the kinds of bookkeeping fraud pioneered by Tyco, WorldCom and  Enron.
 Such deregulatory radicalism puts the GOP candidates at direct odds  with Paul Volcker, the former chair of the Federal Reserve who helped  steer the nation out of a crippling recession during the Reagan  administration. Volcker, too, is critical of Dodd-Frank – but he  believes the law doesn't go far enough. "I think Dodd-Frank was close to  as good as we could get," Volcker said this fall. "But it's nowhere  near what we need."
 DESTROY THE SAFETY NET
 The Republican candidates are uniformly committed to repealing the  president's health care reform – what Perry, with characteristic  subtlety, calls a "man-made disaster of epic proportions." Under the GOP  plans, nearly 1 million young adults would once again be denied  coverage, seniors would be forced to shell out billions more for  prescription medicines, and insurers could return to hiking premiums  while denying coverage to Americans with pre-existing conditions. For  these and other reasons, Romney insists, "Obamacare is bad for America's  families."
 Obamacare, however, is only the top entitlement program on the GOP  hit list. Almost all of the Republican candidates want to privatize  Medicare, replacing its guaranteed benefits to retirees with a fixed  voucher insufficient to cover the soaring costs of private insurance.  The GOP front-runners have also endorsed a radical plan to cap the  federal contribution to Medicaid – a move that would gut insurance for  the poor by as much as 3.5 percent a year and shift $150 billion in  annual costs onto cash-strapped states. According to the Congressional  Budget Office, states unable to pay the added costs would be forced to  either "curtail eligibility" to those in need or "provide less extensive  coverage."
 When it comes to Social Security, the Republican candidates have all  advocated that it be privatized for younger workers – creating a system  of personal accounts that would place their retirement security at the  mercy of the stock market. The undisputed victor of the GOP plans would  be Wall Street, which would profit enormously from collecting management  fees over a worker's lifetime. A study by the University of Chicago  that analyzed a similar privatization scheme proposed by George W. Bush  projected that such fees would hand Wall Street "the largest windfall  gain in American financial history" while "reducing the ultimate value  of individual accounts by 20 percent."
 WRECK THE ECONOMY
 While threatening to slash the safety net for millions of Americans,  the GOP candidates are also committed to a brutal austerity program that  would tip the nation back into recession – if not a full-scale  depression. The proposal in question is a constitutional amendment that  would require the federal government to pass a balanced budget each  year. According to Macroeconomic Advisers, a top economic forecaster,  balancing the budget in 2012 alone would throw 15 million Americans out  of work, double unemployment to 18 percent and contract the U.S. economy  by 17 percent. Going forward, the government would be barred from  borrowing money during hard times to provide unemployment benefits, food  stamps and other essential aid to those in need. As a result, the  analysts report, "recessions would be deeper and longer." Even in times  of plenty, a balanced-budget amendment would "retard economic growth" by  increasing economic uncertainty – which Republicans have repeatedly  blamed as the root of the current lackluster recovery.
 WAGE ENDLESS WAR
 One portion of the budget that the GOP's austerity agenda doesn't  touch is the Pentagon, where the Republican candidates call for the kind  of costly investments they refuse to back for America's poor and middle  class. While demanding that federal spending be capped at 20 percent of  GDP, Romney would mandate that at least one in five federal dollars be  spent on defense. "I will not look to the military as a place to balance  the budget," he says. Neither will Gingrich, who calls on taxpayers to  "recapitalize our military infrastructure," or Perry, who wants to sink  billions into missile defense and "modernized fleets of ships and  aircraft."
 To justify such massive defense spending, the GOP candidates would  ensure that America remains entangled in bloody wars in the Middle East.  When Obama announced earlier this fall that he would complete the  withdrawal of U.S. troops from Iraq – on the timetable negotiated by  President Bush – Romney denounced the move as an "astonishing failure."  Bachmann called on "our troops to remain there to preserve the peace,"  and Perry insisted that "we need to finish our mission in Iraq" – which  evidently involves occupying the country indefinitely, regardless of the  wishes of its democratically elected government.
 The GOP candidates have been even more hawkish on Iran, with Perry,  Romney, Gingrich and Bachmann all promising to go to war to prevent the  regime from acquiring a nuclear weapon. Of the top-tier candidates, only  Cain expressed reservations about another war in the Middle East,  saying instead that he would surround the country with a mobile  missile-defense network and tell Ahmadinejad to "make my day."
 "This is nonsense – idiocy! – to contemplate another war in that  region right now," says Wilkerson, the former chief of staff to Colin  Powell. Obama's remarkable successes in foreign policy, he adds –  including the demise of both Osama bin Laden and Muammar Qaddafi – have  panicked the GOP field into a reflexive hawkishness. "For the  Republicans, that's their mantra," Wilkerson says. "The only thing they  know is war, war and more war."
 CUT TAXES ON THE RICH
 The leading Republican candidates all back a host of sweetheart tax  cuts for major corporations, whose income is currently taxed at 35  percent. Romney would reduce the corporate rate to 25 percent, while  Perry would drop it to 20 percent and Gingrich would slash it to 12.5  percent. Worse, the GOP candidates also favor a "territorial" tax system  that would prohibit Uncle Sam from collecting any revenues on profits  stashed overseas. The move, according to tax experts, would spur U.S.  corporations to shift millions of jobs and billions in profits offshore.
 All of the candidates also want to eliminate or drastically curb  taxes on investment income, and allow the children of the rich to pay no  taxes on their inheritances. For Romney, whose net worth is estimated  at $200 million, the issue is personal: With the estate tax repealed, he  could pass on an extra $90 million to his children, tax-free –  including his son Tagg, currently scraping by as a managing partner at a  private equity firm.
 All told, the elimination of the estate tax – whose benefits would  accrue solely to the top 0.3 percent of taxpayers – would spike the  deficit by an estimated $1.3 trillion over the next decade. Yet the GOP  candidates continue to insist that the move would somehow benefit the  middle class; Gingrich claims that "eliminating the death tax will  create more jobs and more revenue for the federal government." Such  lunacy enrages the party's few remaining fiscal conservatives.  "Republican thinking about fiscal policy is fundamentally wrong, and it  has been for quite a while," says Paul O'Neill, who served as Treasury  secretary under George W. Bush. "The whole notion that we can cut taxes  to the vanishing point and keep raising more money is just crazy. It  could even be amusing if it wasn't so dangerous."
 ATTACK ABORTION RIGHTS
 It's no surprise that the GOP candidates oppose a woman's right to  choose. Every candidate but Romney has signed a pledge vowing to  permanently defund Planned Parenthood and to appoint only pro-lifers to  key federal health positions. But now, rather than simply pushing to  repeal Roe v. Wade, they also want to change the Constitution to award  full citizenship to a woman's egg the moment it is fertilized.  "Personhood begins at conception," insists Gingrich, who wants Congress  to pass a law defining embryos as "persons" under the 14th Amendment – a  move designed to make abortion unconstitutional. Even Romney, who was  elected in Massachusetts as a staunchly pro-choice politician, said on  Fox News recently that he "absolutely" would have signed a "personhood"  amendment giving constitutional rights to the unborn. An identical  measure on the ballot last November – which would have outlawed abortion  for victims of rape and incest – was so radical that even Mississippi  voters rejected it.
 BASH IMMIGRANTS
 The candidates' positions on immigration are so extreme that they  seem to have been dreamed up by the Minutemen militia. Perry vows to  militarize the border with "boots on the ground" and Predator drones  hunting down illegal border crossers from the skies. Offering few  details, Romney says "we gotta have a fence" along the Mexican border,  while Bachmann envisions a barrier that's 2,000 miles long and  "double-walled." Cain has vowed to erect a "Great Wall... 20 feet high.  It's going to have barbed wire on the top. It's going to be electrified.  And there's going to be a sign on the other side saying, 'It will kill  you – WARNING!'" Gingrich, who touts his "humane" approach to  deportation, has nonetheless trashed even legal immigrants, once  denouncing Spanish itself as "the language of living in a ghetto."
 The GOP's determination to sabotage its appeal among Latinos –  America's fastest-growing voting bloc – has many Democrats exulting. "We  may just run clips of the Republican debates verbatim," Obama told a  gathering of Hispanic journalists in November. "We won't even comment on  them – we'll just run those in a loop on Univision and Telemundo, and  people can make up their own minds."
 Where does this radical new GOP orthodoxy come from? On the economic  and regulatory front, at least, a recent interview with Tom Donohue, the  president of the U.S. Chamber of Commerce, offers a clue. Donohue  outlined the business group's top policy prescriptions – and they are  virtually identical to those promoted by the GOP candidates.
 Job creation? "The idea with the greatest potential," Donohue said,  "is to do a number of things in energy." Environmental protection? Stop  giving "wildlife the priority over jobs." Federal regulation? Obama has  "exploded the regulatory burden, particularly through health care,  Dodd-Frank and the Environmental Protection Agency." Corporate tax  rates? "We're the only major country in the world that double-taxes our  companies," Donohue said. "That's just plain stupid."
 But slavish devotion to the interests of corporate America is only  part of the equation underlying the GOP's current extremism. Today, just  28 percent of Americans identify themselves as Republicans – a drop of  five points from the Bush years. To be the ringleader in a small-tent  party requires adopting positions that are offensive to the broader  public – and even to people who once fit comfortably in the GOP  coalition. "You've got to address everything from abortion to how many  evangelicals can sit on the head of a pin," says Wilkerson. "It's really  a problem."
 So far, the GOP has gotten away with its sharp turn to the right. In  the midterm elections last year, in which Republican hardliners seized  control of Congress, conservatives cast 41 percent of all votes. Senior  citizens made up a quarter of the electorate, as did voters making more  than $100,000 a year. But the general election next fall will attract  voters who are younger and less affluent. If Obama can inspire anything  resembling the historic turnout he sparked in 2008, the GOP is in for a  beat-down. The Hispanic vote, for example, is expected to rise by nearly  a quarter next year – and a recent poll found Latino voters swinging to  Obama by nearly three-to-one over both Romney and Perry.
 What's more, the GOP's appeal to the most extreme elements of its  coalition may prompt moderate Republicans to stay home – or even to vote  for Obama. As long as the GOP insists on catering to the needs of the  ultrarich, Republican veterans warn, it risks alienating the  working-class conservatives who ushered in the Age of Reagan. "The  Republican Party is just screwed up in its head," says David Stockman,  who served as budget director under Reagan. "It's behaving politically  in a very irrational way, and policywise in a nonsensical manner."
 Mike Lofgren, until recently a top Republican staffer on the Senate  Budget Committee, has offered an even more dire assessment of "the whole  toxic stew of GOP beliefs." This fall, Lofgren announced he was  abandoning his own party – unable to stomach what he called "the  headlong rush of Republicans to embrace policies that are deeply  damaging to this country's future." Citing the "broad and ever-widening  gulf between the traditional Republicanism of an Eisenhower and the  quasi-totalitarian cult of a Michele Bachmann," Lofgren summed up the  GOP's capitulation to extremism: "The crackpot outliers of two decades  ago," he concludes, "have become the vital center today."
                          © 2011 Rolling Stone