Tag Archive | "Economic Crisis"


Down With The People: Blame the Ignorant American Public — Childish, Illogical and Susceptible To Rhetorical Manipulation — For Current Political Paralysis

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   By: Jacob Weisberg
Jacob Weisberg.In trying to explain why our political paralysis seems to have gotten so much worse over the past year, analysts have rounded up a plausible collection of reasons including: President Obama’s tactical missteps, the obstinacy of congressional Republicans, rising partisanship in Washington, the blustering idiocracy of the cable-news stations, and the Senate filibuster, which has devolved into a super-majority threshold for any important legislation. These are all large factors, to be sure, but that list neglects what may be the biggest culprit in our current predicament: the childishness, ignorance, and growing incoherence of the public at large.

Anybody who says you can’t have it both ways clearly hasn’t been spending much time reading opinion polls lately. One year ago, 59 percent of the American public liked the stimulus plan, according to Gallup. A few months later, with the economy still deeply mired in recession, a majority of the same size said Obama was spending too much money on it. There’s nothing wrong with changing your mind, of course, but opinion polls over the last year reflect something altogether more troubling: a country that simultaneously demands and rejects action on unemployment, deficits, health care, climate change, and a whole host of other major problems. Sixty percent of Americans want stricter regulations of financial institutions. But nearly the same proportion says we’re suffering from too much regulation on business. That kind of illogic–or, if you prefer, susceptibility to rhetorical manipulation–is what locks the status quo in place.

At the root of this kind of self-contradiction is our historical, nationally characterological ambivalence about government. We want Washington and the states to fix all of our problems now. At the same time, we want government to shrink, spend less, and reduce our taxes. We dislike government in the abstract: According to CNN, 67 percent of people favor balancing the budget even when the country is in a recession or a war, which is madness. But we love government in the particular: Even larger majorities oppose the kind of spending cuts that would reduce projected deficits, let alone eliminate them. Nearly half the public wants to cancel the Obama stimulus, and a strong majority doesn’t want another round of it. But 80-plus percent of people want to extend unemployment benefits and to spend more money on roads and bridges. There’s another term for that stuff: more stimulus spending.

The usual way to describe such inconsistent demands from voters is to say that the public is an angry, populist, tea-partying mood. But a lot more people are watching American Idol than are watching Glenn Beck, and our collective illogic is mostly negligent rather than militant. The more compelling explanation is that the American public lives in Candyland, where government can tackle the big problems and get out of the way at the same time. In this respect, the whole country is becoming more and more like California, where ignorance is bliss and the state’s bonds have dropped to an A-rating (the same level as Libya’s), thanks to a referendum system that allows the people to be even more irresponsible than their elected representatives. Middle-class Americans really don’t want to hear about sacrifices or trade-offs–except as flattering descriptions about how ready we, as a people, are, or used to be, to accept them. We like the idea of hard choices in theory. When was the last time we made one in reality?

The politicians thriving at the moment are the ones who embody this live-for-the-today mentality, those best able to call for the impossible with a straight face. Take Scott Brown, the newly elected Senator from Massachusetts. Brown wants government to take in less revenue: He has signed a no-new-taxes pledge and called for an across-the-board tax cut on families and businesses. But Brown doesn’t want government to spend any less money: He opposes reductions in Medicare payments and all other spending cuts of any significance. He says we can lower deficits above 10 percent of GDP–the largest deficits since World War II, deficits so large that they threaten our future as the world’s leading military and economic power–simply by cutting government waste. No sensible person who has spent five minutes looking at the budget thinks that’s remotely possible. The charitable interpretation is that Brown embodies naive optimism, an approach to politics that Ronald Reagan left as one of his more dubious legacies to Republican Party. A better explanation is that Brown is consciously pandering to the public’s ignorance and illusions the same way the rest of his Republican colleagues are.

I don’t mean to suggest that honesty is what separates the two parties. Increasingly, the crucial distinction is between the minority of serious politicians in either party who are prepared to speak directly about our choices, on the one hand, and the majority who indulge the public’s delusions, on the other. I would put President Obama and his economic team in the first group, along with California Gov. Arnold Schwarzenegger. Republicans are more indulgent of the public’s unrealism in general, but Democrats have spent years fostering their own forms of denial. Where Republicans encourage popular myths about taxes, spending, and climate change, Democrats tend to stoke our fantasies about the sustainability of entitlement spending as well as about the cost of new programs.

Our inability to address long-term challenges makes a strong case that the United States now faces an era of historical decline. Our reluctance to recognize economic choices also portends negative effects for the rest of the world. To change this story line, we need to stop blaming the rascals we elect to office and start looking to ourselves.

About The Author: Jacob Weisberg — is chairman and editor-in-chief of the Slate Group,a division of The Washington Post Company, and author of The Bush Tragedy.

Mr. Weisberg is also a columnist for the Financial Times, and a frequent commentator on National Public Radio

He is the son of Lois Weisberg, a Chicago social activist and connector celebrated in Malcolm Gladwell’s book The Tipping Point. Weisberg’s father, Bernard Weisberg, was a prominent Chicago lawyer and, later, judge. His parents were introduced at a cocktail party by novelist Ralph Ellison.

He previously worked for The New Republic in Washington, D.C., was a contributing writer for The New York Times Magazine and a contributing editor to Vanity Fair. Early in his career, he worked for Newsweek in the London and Washington bureaus. Weisberg has also worked as a freelance journalist for numerous publications.

The creator and author of the Bushisms series, Weisberg published The Bush Tragedy in 2008. He is also the author, with Robert Rubin, of In An Uncertain World (2003). Weisberg’s first book, In Defense of Government, was published in 1996.

Weisberg chaired the judging panel for the 2009 BBC Samuel Johnson Prize for excellence in non-fiction writing.

Weisberg graduated from Yale University in 1986, where he worked for the Yale Daily News. When a junior, he was offered a membership in Skull and Bones by Senator John Kerry, but declined the offer, citing the club’s exclusion of women. Instead Weisberg was persuaded by The Washingon Post’s Robert G. Kaiser to join Elihu Society instead. After Yale he attended New College, Oxford on a Rhodes Scholarship.

Follow him at http://twitter.com/jacobwe.

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The Financial Mess – Who’s Fault Is It? The GOP Wants You To Blame It All On Obama!

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Desperate and badly in need of 2010 mid-term wins — The Republican party’s dastardly strategy, their only one, is to shift the blame from Bush’s years of mis-management to Obama, irrespective of the fact that Mr. Obama has inherited a monumental recession deepened by credit problems, both arising from Bush’s de-regulation policies.

Keith Olbermann places the blame where it belongs:


Grand Obstruction Party


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Campaign Suspended — McCain’s Cheap ‘Country First’ Theatrics

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“Under the pressure of the financial crisis, one presidential candidate is behaving like a flustered rookie playing in a league too high. It is not Barack Obama.” — Syndicated ‘Conservative’ Columnist, George Will

Ramesh Ponnuru writes:

If Senator McCain believes that he can help to enact a plan that can stabilize the markets McCain & Obamaand lay the foundation for future growth, then suspending the campaign and going to Washington was the right thing to do.

But it is hard to see what McCain can do to help, and easy to see how his intervention could hurt. He brings, as he himself has admitted in the past, no expertise to the table. And won’t Democrats be less likely to cooperate on a plan if doing so will help make McCain be the hero of the hour?

So McCain’s move may have been a mistake on substance. It may prove to be a political mistake too: If McCain can’t bring both parties together in an economic crisis after staking so much on it, won’t voters draw adverse conclusions about his leadership ability?

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Some Reactions:

ricinro85212 — When my nephew was born (home delivery with midwife) they asked me to boil water. This way I was doing something without getting in the way. Afterall, I knew nothing about delivering babies.

JJames081 — I think McCain finally cracked. The pressure has finally got to him.

What is he going to do if he’s elected and things get tough? Suspend being president? We’ve got a guy like that now!

George Will, columnist, put it this way–yesterday: “Under the pressure of the financial crisis, one presidential candidate is behaving like a flustered rookie playing in a league too high. It is not Barack Obama.”

I guess he knew things brewing in McCain’s camp!

Dave Letterman Reacts to McCain Suspending Campaign

| Top Ten Reasons McCain ‘Bailed’ on Letterman |

Jon Stewart – “The presidential campaign is not like
a football game where you can take a timeout.”

jackjburke — McCain’s grandstanding and insertion of presidential politics into this mess will only make it more difficult to achieve passage of legislation. A compromise was emerging before he made his big announcement. We can only hope that President Paulson tells him to butt out.

john7 — What was the campaign news of the morning when we all woke up this morning:

a) The ABC / WaPo poll showing Obama taking a clear lead nationally.

b) The revelation that Rick Davis has been taking regular payments from Fannie Mae up until last month. Essentially, McCain’s campaign director was selling access to McCain, but the candidate himself disputed that just a few days ago.

It’s clear that the McCain camp realized that they were on the brink of annihilation and had to do something dramatic. So they did. Country first? Not so much. White-knuckled terror that the campaign was getting to a point of no return? I’d say so.

dolph924 — McCain has been hemoraging support in the polls, as he should be, given that his deregulatory efforts and those of his cronies like Phil Graham are responsible for the collapse of financial institutions. He would try ANYthing to avoid more of same, just as his advertising strategy of new lies and distortions daily was designed to avoid talking about issues at all costs.

I think he will be perceived for what he is — a rash man over his head as soon as issues become complicated.

His rash pick of the unqualified Palin, his daily flip flops on economic issues and then desperate attempts to lie his way out of such matters as saying the economy was fundamentally sound the day the collapse began, his saying he would fire the SEC chairman (as if the SEC were somehow at fault as opposed to the Graham Leach Bliley bill), etc. etc. McCain has recurring anger management problems, serious memory problems, and makes decisions as if he has ADD. What a scary thought to have this guy in the White House with the completely unqualified Palin sitting on the front porch waiting for him to die.

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References:

1. McCain’s Ploy — Slipping in the polls? McCain sees foreign policy as one area where he can outshine Obama. Only by rescheduling the debate after the crisis has passed can he be sure he will have his moment in the foreign policy sun.
2. McCain Loses His Head — George Will | More Articles By George Will |

McCain: The Myth of a Maverick

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