Posts Tagged ‘Obama administration’

Paul Krugman: The Post-Truth Campaign

Evans Community of Caring
December 24, 2011

 

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Paul Krugman: The Post-Truth Campaign

The Post Truth Campaign, The New York Times, December 22, 2011, by Paul Krugman:

Note by Paul Evans: I often stop by the NY Times since they correctly wear the mantle of the best run, most highly thought of liberal and truthful online news source. When I go there, I make it a point to take in the latest column by Paul Krugman, who is a strong voice for truth and progressive economic opinion. Usually I do not usually post any of his articles on my website, since they are copyrighted and in fact I have no right to post them on Evans Community of Caring. I am making an exception for the first half of Krugman’s opinion piece from December 22nd. I know we are only supposed to take small excerpts, but if the people who run the Times would take the time to read this editorial, they would see how important it is and let myself and others publish the whole article. I am compromising with the first half of Krugman’s article.

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I only wish the American people would take the time to read this piece and realize its importance.

Paul Krugman: Suppose that President Obama were to say the following: “Mitt Romney believes that corporations are people, and he believes that only corporations and the wealthy should have any rights. He wants to reduce middle-class Americans to serfs, forced to accept whatever wages corporations choose to pay, no matter how low.”

How would this statement be received? I believe, and hope, that it would be almost universally condemned, by liberals as well as conservatives. Mr. Romney did once say that corporations are people, but he didn’t mean it literally; he supports policies that would be good for corporations and the wealthy and bad for the middle class, but that’s a long way from saying that he wants to introduce feudalism.

But now consider what Mr. Romney actually said on Tuesday: “President Obama believes that government should create equal outcomes. In an entitlement society, everyone receives the same or similar rewards, regardless of education, effort, and willingness to take risk. That which is earned by some is redistributed to the others.”

And in an interview the same day, Mr. Romney declared that the president “is going to put free enterprise on trial.”

This is every bit as bad as my imaginary Obama statement. Mr. Obama has never said anything suggesting that he holds such views, and, in fact, he goes out of his way to praise free enterprise and say that there’s nothing wrong with getting rich. His actual policy proposals do involve a rise in taxes on high-income Americans, but only back to their levels of the 1990s. And no matter how much the former Massachusetts governor may deny it, the Affordable Care Act established a national health system essentially identical to the one he himself established at a state level in 2006.

Over all, Mr. Obama’s positions on economic policy resemble those that moderate Republicans used to espouse. Yet Mr. Romney portrays the president as the second coming of Fidel Castro and seems confident that he will pay no price for making stuff up.

Welcome to post-truth politics.

Why does Mr. Romney think he can get away with this kind of thing? Well, he has already gotten away with a series of equally fraudulent attacks. In fact, he has based pretty much his whole campaign around a strategy of attacking Mr. Obama for doing things that the president hasn’t done and believing things he doesn’t believe.

For example, in October Mr. Romney pledged that as president, “I will reverse President Obama’s massive defense cuts.” That line presumably plays well with Republican audiences, but what is he talking about? The defense budget has continued to grow steadily since Mr. Obama took office. ….

Read the full article, here.

Some things that matter to me:

logo button for Evans Liberal Politics which serves to launch a famous liberal political speech Martin Luther King: The amazing "I Have a Dream" speech. — 2:50

logo button for Evans Liberal Politics which serves to launch a famous liberal political speech Robert F. Kennedy: a speech by Bobby Kennedy made on the night Martin Luther King was assassinated. The pure goodness and wonder in this speech is amazing. — 6:10

Paul Evans: OK, I just wanted to throw in a couple quotes here:

Adlai Stephenson II (Democratic nominee and candidate in 1952 and 1956): “I have been thinking that I would make a proposition to my Republican friends… that if they will stop telling lies about the Democrats, we will stop telling the truth about them.

This is particularly for my friend Betsy: “Someone once asked me why do you always insist on taking the hard road? and I replied why do you assume I see two roads?” ~ unknown

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Look for Sam Stein, Robert Reich; DemFromCT, Bob Swern, Joan McCarter & MinistryOfTruth from Daily Kos; plus news from AlterNet, Truthout & Campaign for America’s Future and articles from our partner The Raw Story on Evans Liberal Politics (now remade into our new site, Evans Community of Caring), your source for U.S. liberal news and politics.

Here at Evans Community of Caring, our problem is not finding insightful, cutting edge journalism to report for you. Paul Evans, the sole owner and operator of this site simply does not have all that much time to work on the news. We really need someone out there to step up to the plate and help us provide my readers with the news we want to give them. If interested in working for us please email me. We would be happy to train you and enthusiasm counts for more than experience. Thanks ~ Paul

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Should the Left & All Americans Trust Barack Obama?

Evans Caring Community
November 27, 2011

 

Should the Left & All Americans
Trust Barack Obama?

© 2009 Evans Caring Community, edit and rewrite of November 27, 2011, also published February 1, 2011, and May 8, 2009, by Dr. Jack E. Evans and Paul Evans. Originally published with the title “Why the Left and All Americans Should Trust Barack Obama” — please notice the new title. Photo of Dr. Jack E. Evans is from 1977 and is hereby placed into the public domain:

This article was originally published on May 8, 2009 on Evans Liberal Politics and has been rewritten and updated. I am introducing here my father, Dr. Jack E. Evans, who is a retired 86 year old professor of Russian language and literature with a doctorate from Yale University, and an old New Deal Democrat. A year after this article was first published, at the beginning of 2010, Dad had to go and live at a local nursing home, where he struggles with senile dementia. I have lived with Jack all of my life, almost. My father tried so very hard to impart to me the strongest of spiritual and mental gifts with which he tried to help me overcome my mental illness, and to try to develop my ability to think logically, and as an editor. I could not possibly show him enough gratefulness, and I know that he has been a far better father than I could possibly deserve.

In mid-2009, Dr. Evans felt that this topic was important enough that he wished to contribute to a discussion of it when it was originally published. I truly and strongly hope that I am successful in conveying his feelings about the current political situation. Dr. Evans was a marine officer in the Pacific in World War II. Later, he spent 13 years in charge of and as chief editor for translating sections for ASA, NSA and CIA, before getting his doctorate from Yale and teaching at several colleges. He also has a masters degree in Russian history from Georgetown. I (Paul Evans) mentioned above that I lived and interacted with Dr. Evans almost my whole life; We worked on the translation of 11 books together. Later, I was his caregiver before he had to go to live in a Wooster nursing home, where I visit him almost every day.

photo from 1977 of Yale Professor of Russian language and literature Dr. Jack E. Evans

We both wanted to simply say that, while as progressive Democrats we are sometimes critical of the actions of the (late) Democratic (now Republican) Congress and even the actions of President Obama, we trust Barack Obama’s heart and mind and remain committed to his Presidency and his success. However, our views are not some sort of blind loyalty either to President Obama or to the Democratic Party, but arise mainly through an understanding of the difficulties Obama has in this economy and with the current composition of Congress as well as the general political direction, or “mood” if you will, which our country has taken. Even so, that does NOT mean that we are at all content with the leadership that President Obama has shown in taking the country in a progressive direction.

Both Dr. Evans and I have been upset at the appointment to high office in the Obama administration of economic advisers with corrupt histories and very strong ties to Wall Street. Even the mainstream media has discussed what we feel to be unnecessary pain, hardship and suffering for ordinary Americans, brought on by what seems sometimes to be a corrupt American system of government.

Nonetheless, we remember well Barack Obama’s roots as a community organizer in South Chicago, and we do not feel he has changed much in his heart from who he was in those simpler days. We think he may well remain about as progressive in his personal identity as ever, but is compelled by a pragmatic outlook to follow “the art of the possible.” At least, we hope so.

We also feel that President Obama wants to represent all Americans, and not just those who feel they are progressive or liberal in their outlook. We think and pray that Obama is still a progressive in his heart and mind and still trying to move the nation in that direction. But nonetheless, we are both proud of Barack Obama specifically FOR trying to represent all Americans, and not just liberals and progressives. Really, that was a lot to attempt. Lately, however, we both have been wondering about that. One real disappointment for us is that Obama has had a Presidency so intertwined with corporate America, which was evident from the start when he chose as his economic advisers Summers, Geithner, Bernanke and crew. Now he is moving even more in this conservative direction with the emphasis on American competitiveness and the whole movement towards an austerity budget. (Did you know that the new budget contains a 12 percent increase for the Pentagon?)

Important liberal and progressive economists, such as Paul Krugman, Robert Reich and Daily Kos’s Bob Swern have exhorted the President about a growing crisis in the resources and job situation for our workers, yet Obama seems determined to capitulate to the Republican House without even attempting to defend the working class. At the same time he is all too willing to give rich Americans tax breaks and even seems willing to consider major cuts to entitlements. Dr Evans and I want to exhort the President to remain strong in the understanding that America’s business engine is built on the labor of the average American worker and their ability to make purchases, and it is primarily their welfare he needs to look out for, not that of Wall Street.

Thinking about the upcoming election of 2012, Obama needs to consider how disillusioned his supporters from 2008 are because of Obama’s apparent economic and fiscal conservatism that has only grown stronger with time. There comes a point when Obama may realize that his base is so disillusioned and heartsick about the “change we can believe in” having morphed into support for the rich and the status quo in general, that we may be unwilling to work very hard to reelect the President. I know I myself worked pretty hard in 2008, yet am weighing my options about 2012. Many progressives who I have talked to have confided to me that it is only upon considering the likely Republican nominees that they would even consider working for Obama at this point.

But it’s not just liberals who are upset and struggling over how much to support the President. Many independents and just ordinary Americans I have spoken with are VERY dissatisfied. Some people who have been ruined in their financial status say that the whole situation may even turn violent if the oppression of the American worker by the rich continues much further. I do not know, but I ask myself: why are ordinary Americans talking this way, and why would they unless something pretty profound is wrong with the way America is these days.

Informed progressives feel that America is in danger of becoming a two class oligarchy, and that it is up to all of us to stop this trend. To work to make America financially sound again, the vast majority of the American middle class and American workers must again be brought into a condition of prosperity. This is our main concern going forward, as it is that of some of our featured economics writers here such as Paul Krugman, Robert Reich and Bob Swern.

The nation has fully embraced the full-bore pro-Capitalist spirit. This is all very well, but ordinary Americans are increasingly suffering. So long as that reality is true, the nation will never regain its full elan and vigor and move forward to meet the challenges of the 21st century as it should.

Still, overall, while our own expression is sometimes adamantly progressive in terms of what has been published on Evans Liberal Politics, we want to be sure to say that “we support you, President Obama, and we are still trying to trust you too.” We just wish you would be a lot more concerned with the economic pain of ordinary Americans and a little less preoccupied with the people who bankroll your campaigns and Congress. Ordinary Americans swept you into office and without us, you will not again be successful in 2012.

We do however understand the political reality you labor under, President Obama, and also that you are really trying to move the nation beyond hyperpartisanship and into a more caring and decent relation between those of differing views. While I do in fact feel that this is one of the President’s main goals, we have to ask ourselves: just who made the President bring Bush’s “wrecking crew” into his administration as it’s principal economic advisers at it’s start? Why would a truly liberal or progressive President bring in those people?

I used to be really skeptical of the effort to bring about bipartisanship, President Obama. Then I had a period in which I tried to be accepting of bipartisanship, believing that the President had the interests of all Americans in his heart — not just liberals and progressives.

A lot of people on the left have come to the conclusion that you have “sold out.” Dr. Evans and I still hope and pray for you, President Obama, and yet, all the legislation coming out of Washington is pretty darned Republican in what it appears to be, at least to the left. At what point do you stop working for bipartisanship when the other side refuses to compromise at all?

So, overall, there is a disconnect between what President Obama promised us during the campaign of 2008, and what has happened since then. Perhaps this all is not Barack Obama’s fault, but is more a product of our nation’s and Congress’ economic corruption. One wonders just how much better it would be if Republicans in Congress actually considered working with the President and Democrats in a bipartisan way. Could we not as a nation unify behind this man Barack Obama, who has shown himself to be a true patriot and true American citizen for all of us? My father and I truly hope that we will. Dr. Evans and I believe that true bipartisanship would solve a lot of problems in this country. And it is so sad to see the ideals of 2008 bow down before political reality.

That being said, Barack Obama used to be fully a “man of the people.” Now he has a lot of informed people questioning that. President Obama, you need to show the nation you still care about the average citizen more than Wall Street and big business. Carry the nation forward with that in mind, and we will all support you like we did in 2008. We trust that you are still our Barack Obama, and we implore you to stand up for ordinary Americans.

This article was originally published on Daily Kos. I can think of no better summary and end for it than to quote a commenter on the article there: “It’s not a question of a lack of trust, it’s about each of us playing our role. I do trust Obama, which is why I’m willing to follow the path he set us on. But that path includes applying pressure for what I know is right.” ~ Jack and Paul Evans

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Robert Reich: The Zero Economy

Evans Liberal Politics
September 3, 2011

 

Robert Reich: The Zero Economy

The Zero Economy, Robert Reich.org, September 2, 2011, by Robert Reich, used with permission, quoted verbatim:

The Bureau of Labor Statistics reports today no jobs were created in August. Zero. Nada.

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Well, not quite. The strike at Verizon reduced the labor force by 45,000. Minnesota government employees returned to work, adding 22,000. So in reality, America added 23,000 jobs. Almost zero.

In reality, worse than zero. We need 125,000 a month merely to keep up with population growth. So the hole continues to deepen.

Since this Depression began at the end of 2007, America’s potential labor force – working-age people who want jobs – has grown by over 7 million. But since then the number of Americans with jobs has shrunk by more than 300,000.

If this doesn’t prompt President Obama to unveil a bold jobs plan next Thursday, I don’t know what will.

The problem is on the demand side. Consumers (whose spending is 70 percent of the economy) can’t boost the economy on their own. They’re still too burdened by debt, especially on homes that are worth less than their mortgages. Their jobs are disappearinig, their pay is dropping, their medical bills are soaring.

And businesses won’t hire without more sales.

So we’re in a vicous cycle.

Republicans continue to claim businesses aren’t hiring because they’re uncertain about regulatory costs. Or they can’t find the skilled workers they need.

Baloney. If these were the reasons businesses weren’t hiring – and demand were growing – you’d expect companies to make more use of their current employees. The length of the average workweek would be increasing.

But the length of the average workweek has been dropping. In August it declined for the third month in a row, to 34.2 hours. That’s back to where it was at the start of the year – barely longer than what it was at its shortest point two years ago (33.7 hours in June 2009).

It’s demand, stupid.

So what does a sane nation do when the consumers and businesses can’t boost the economy on their own?

Government becomes the purchaser of last resort. It hires directly (a new WPA and Civilian Conservation Corps, for example). It helps states and locales, so they don’t have to continue to slash payrolls and public services. (The help could be structured as a loan, to be repaid when unemployment drops to, say, 6 percent.)

And it hires indirectly — contracting with companies to rebuild our crumbling infrastructure, including school buildings, to take another example.

Not only does this create jobs but also puts money in the hands of all the people who get the jobs, so they can turn around and buy the goods and services they need – generating more jobs.

Get it? Not exactly rocket science.

So why don’t Republicans get it? Either they’re knaves – they want the economy to stay awful through next Election Day so Obama gets the boot. Or they’re fools – they’ve bought the lie that reducing the deficit now creates more jobs.

Every time you hear anyone say we’re “broke” or “can’t afford to spend more,” tell them we’ll be in worse shape if we don’t. If the economy remains dead in the water, the ratio of public debt to GDP balloons.

And remind them that the federal government can now borrow at fire-sale rates. Interest on the ten-year Treasury bill is 2 percent.

Do you hear me, Mr. President? Please — be bold next week. And if, as expected, Republicans refuse to go along, take it to the people. Mobilize the public. Use the bully pulpit. That’s what you have it for.

One more thing, Mr. President. You also have to tackle inequality. When so much income and wealth continues to flow to the very top, America’s vast middle class still won’t have enough purchasing power to boost the economy. Priming the pump is necessary but won’t be sufficient without enough water in the well.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

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Labor Secretary Solis Talks Auto Industry and Her Chevy Equinox

Evans Liberal Christian Politics
August 31, 2011

 

Labor Secretary Solis Talks
Auto Industry and Her Chevy Equinox

Seems to me that here we have somebody important within the Obama Administration not just talking the talk but also walking the walk. If only more politicians (and all of us) would get it through their heads that American products mean American jobs and a better economy with more people prospering.

My last car was a 1999 Toyota Corolla. For the last month, living here six miles outside of Wooster, I have been without any car and have relied on friends for transportation. However, before my Corolla died (and only then because of a bad and unnoticed radiator leak), it had 205,000 miles on it. Such reliability, especially in Toyotas and Hondas, is why people buy those cars. I know that American automakers have not quite reached that standard of reliability and longevity, but we seem to be headed in the right direction. Evans Liberal Christian Politics wants to applaud Ms. Solis for standing up for America.

The Truth Nobody Seems to Want to Talk About

Evans Liberal Politics
August 12, 2011

 

The Truth Nobody
Seems to Want to Talk About

Evans Liberal Christian Politics, August 27, 2011 (rewritten and republished); originally published August 12, 2011, by Paul Evans:

I’ve been dancing around (yet trying to avoid) the bitter truth since soon after I started this blog immediately after the election of 2008.

I was willing to give Obama the benefit of the doubt when he appointed Summers, Geithner and Bernanke as heads of his economic team, but now I believe that I was duped, as were many who worked to elect Obama as an agent of change. Will somebody please show me just what has improved in the actual lives of ordinary Americans since Bush?


I’ve seen quite a few other journalists and columnists doing the same thing – dancing around the truth with reluctance to make the cognitive leap towards an inescapable reality. I guess my favorite economics author who tells it like it is, is Bob Swern (bobswern) over at Daily Kos. But few seem to want to connect the dots and really summarize what is going on, so allow me try to make my own attempt.

Politics is depressing. The article which opened my eyes to this and resonated with me is, “Across the Universe: The Power of Disillusionment and the Politics of Despair,” OpEdNews, March 15, 2011, by Chris Floyd. A young man is disillusioned, somewhat depressed, and even contemplating drinking or suicide because his Mom’s hero Barack Obama is complicit in so much that is wrong. Instead of simply making a comment of some encouragement, Chris Floyd makes this commentary in its own article, of which I wish to quote part:

You have to remember that politics is a toxin. It will make you sick, taint your mind, poison your soul, blight your life if you let it. One has to deal with politics as a form of waste management, just as you need to have some kind of sewage system in your home or community to prevent disease.

Politics — the machinations of the stunted, damaged souls and third-rate minds who hanker for power — is just a small part of life. It entirely lacks the tragic element; nothing tragic or depthful about politics and power, it’s just brute force, greed, ignorance and spite. So there is no deep meaning to be found in it. No tragedy; no real joy either. Even the greatest moments, the epiphanies — and they do happen in politics on rare occasions, one must admit — will lead very quickly back into the sewage. And that’s OK, that’s the way it is; sewage, waste management — it’s part of life. But it’s not where meaning, joy, tragedy, the salt and savor of existence can be found. So why let the evil done by third-rate goobers drive you to despair of life itself? By hook, crook, lies and murder they’ve already amassed all kinds of power; why give them power over your very soul?

Very well put, don’t you think?

Still, it’s all very well to talk about politics not ruining our outlook or our lives, yet, isn’t that exactly what it’s doing?

It’s always been the very wealthy versus the rest of us. It’s just that once in a great while, usually following one of those periodic implosions we call a depression or even a bad recession, the Democrats manage to come up with enough populist leanings and legislation to make the playing field a little more level. “Equal” never really gets anywhere near to meaning “equality.” But with a few handfuls of beads thrown to the populous, there can be a minimal compression of inequality so that emotions are tamed long enough for the rich to resume their systematic plundering the puny earnings of ordinary Americans.

What are we talking about, put in a contemporary example? Let’s look at the Waltons, owners of that ubiquitous chain of Chinese goods, WalMart. Sam Walton used to be worth about 60 billion dollars. Then he died and three of his children inherited. Each of the three today is worth at least $20 billion. That’s enough to put two of the three in the top ten wealthiest people in America.

There are some different figures out there about just how bad the inequality is today. The most damning set of facts I’ve come across perhaps came from Michael Moore’s website, although I’m not sure. The claim is made that 400 very lucky people in this fair land own more than half of America’s wealth. Oh, and also, the lowest 80 percent of us own the shrinking sum of 17 percent of the wealth. This level of inequality is the worst, economists say, since the days of the old robber barons of the nineteen twenties.

Recently on Daily Kos, Bob Swern gave us some further proof of what’s been going on, specifically from 1992 to 2008, in NYT to Obama, Congress On Jobs: “Bad Policy, Craven Politics.” Buffett: “Stop Coddling Super-Rich”:

“…Referencing I.R.S. data and putting this all in context, Buffett tells us that, at the very highest income level for the 400 most successful Americans that submitted returns to the I.R.S. in 1992, they had total income of $16.9 billion and they paid federal taxes of 29.2%. By 2008, the income of the top 400 people reporting to the I.R.S. had risen to $90.9 billion, but they only paid federal taxes of 21.5%.”

It is instructive to look at Wall Street and the investment banks during and “after” the last recession (which some say isn’t over). While Goldman Sachs got ten billion from the bailout — the one Congress voted on, which was only a fraction of what the Fed actually handed out (some 2.4 trillion) — and also 19 billion from AIG bailout money that AIG owed Goldman, don’t worry, everything is hunky dory for these fine executives. The Goldman execs in 2009 got to split 23 billion in bonuses.

Now, Goldman Sachs owns Burger King. Many of these workers work 70 hour weeks and often do NOT even get paid for their overtime hours with commensurate pay. But $23 billion would give every single Burger King worker extra pay amounting to $18,000 a year. As if to rub salt in the wound, after the Obama administration’s “fiscal reforms,” last year Goldman gave out even more in executive bonuses.

What I am talking about is that, for the first time in history, after an economic nosedive which was the second worst in our recent history, there has been this really good recovery. I mean for rich people. ONLY for rich people. Yes, through the magic of a bought Congress and some really great lobbyists, plus the best computer programming money can buy and the connivance of the Federal Reserve, the economy is great for the rich, and yet really, really lousy for the rest of us. And that’s the way the rich set up this recovery. I can’t prove it, but I feel deep down in my bones that Washington and the various economic elites set it up this way on purpose, in order to solely benefit the elite and well to do.

You say, let me have some data to back that up. Here are some figures that were floating around last February which are telling: The fact is that as of that date, for those making $100,000 a year or more, the unemployment rate was a very livable 3.2 percent. However for those of us making $20,000 a year or less, the unemployment rate stood at 31 percent. There seems to be a now-permanent underclass and upward mobility seems frozen. Not only do the rich get richer and the poor get poorer, but if you ARE poor, there is very little chance you will ever be counted as a thriving member of the middle class.

So we are screwed, and maybe even a fair number of the underclass now understand this, yet even the Democrats who get elected are mostly far from liberal on economic issues. With the “compromise” that Obama and the Democrats made to get the debt ceiling raised, about which Boehner crowed that the Republicans got 98 percent of what they wanted, I really believe we should all consider just giving up and moving to Europe or Canada. The game seems over here in America. Greed and evil seem to have triumphed and to be fully in control of the future. I cannot imagine Congress, Obama or anyone else saving ordinary Americans from the suffering and anguish that have recently been imposed on them by the powers that be. I pray that the future proves me wrong. But I don’t think so.

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The President’s Bold Jobs Bill (Maybe)

Evans Liberal Politics
August 18, 2011

 

The President’s Bold Jobs Bill (Maybe)


Robert Reich.org, August 17, 2011, by Robert Reich, used with permission, quoted verbatim:

The President is sounding like a fighter these days. He even says he’ll be proposing a jobs bill in September – and if Republicans don’t go along he’ll fight for it through Election Day (or beyond).

InformIT (Pearson Education)

That’s a start. But read the small print and all he’s talked about so far is extending the payroll tax cut and unemployment benefits (good, but small potatoes), ratifying the Columbia and South Korea free trade agreements (not necessarily a job-creating move), and creating an infrastructure bank.

An infrastructure bank might be helpful, depending on its size.

Which is the real question hovering over the entire putative jobs bill – its size.

Some of the President’s political advisors have been pushing for small-bore initiatives that they believe might have a chance of getting through the Republican just-say-no House. They also figure policy miniatures won’t give aspiring GOP candidates more ammunition to tar Obama as a big-government liberal.

But the President is sounding as if he’s rejected their advice.

That’s good policy and good politics.

Good policy because any jobs bill has to be big enough to give the economy the boost it needs to get out of the gravitational pull of the Great Recession.

Right now all the old booster rockets are gone. The original stimulus is over. The Fed’s “quantitative easing” is over.

Combine the budget cuts state and local governments continue to make with the slowdown in consumer spending, the reluctance of businesses to expand or hire, and the magnitude of unemployment and under-employment, and you need a big new booster rocket. I’d estimate the shortfall in aggregate demand to be $300 billion to $500 billion this year alone.

A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.

Besides, Republicans won’t go along with any jobs initiative he proposes – even a tiny one. Better they reject one that could make a real difference than one that’s pitifully small and symbolic.

If Republicans reject it, Obama can build his 2012 campaign around that fight. Maybe he’ll even call Republicans on their big lie that smaller government leads to more jobs.

What would a bold jobs bill look like? Here are the ten components I’d recommend (apologies to those of you who have read some of these before):

1. Exempt first $20K of income from payroll taxes for two years. Make up shortfall by raising ceiling on income subject to payroll taxes.

2. Recreate the WPA and Civilian Conservation Corps to put long-term unemployed directly to work.

3. Create an infrastructure bank authorized to borrow $300 billion a year to repair and upgrade the nation’s roads, bridges, ports, airports, school buildings, and water and sewer systems.

4. Amend bankruptcy laws to allow distressed homeowners to declare bankruptcy on their primary residence, so they can reorganize their mortgage loans.

5. Allow distressed homeowners to sell a portion of their mortgages to the FHA, which would take a proportionate share of any upside gains when the homes are sold.

6. Provide tax incentive to employers who create net new jobs ($2,500 deduction for every net new job created).

7. Make low-interest loans to cash-starved states and cities, so they don’t have to lay off teachers, fire fighters, police officers, and reduce other critical public services.

8. Provide partial unemployment benefits to people who have lost part-time jobs.

9. Enlarge and expand the Earned Income Tax Credit – a wage subsidy for low-wage work.

10. Impose a “severance fee” on any large business that lays off an American worker and outsources the job abroad.

Some of these won’t cost the federal government money. Others will be costly in the short term but lead to faster growth.

Remember: Faster growth means a more manageable debt in the long term. Which means the President could tie this (or any other jobs bill of similar magnitude) to an even more ambitious long-term debt-reduction plan than he’s already proposed.

A bold jobs bill is good politics and good policy. Let’s wait to see what the President actually proposes.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

Abbreviated Pundit Round-up for July 7, 2011

Evans Liberal Politics
July 7, 2011

 

Abbreviated Pundit Round-up for July 7, 2011

Abbreviated Pundit Round-up, Daily Kos, July 7, 2011, by DemFromCT, used with permission, quoted verbatim:

NY Times:

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Mr. Obama, who is to meet at the White House with the bipartisan leadership of Congress in an effort to work out an agreement to raise the federal debt limit, wants to move well beyond the $2 trillion in savings sought in earlier negotiations and seek perhaps twice as much over the next decade, Democratic officials briefed on the negotiations said Wednesday.The president’s renewed efforts follow what knowledgeable officials said was an overture from Mr. Boehner, who met secretly with Mr. Obama last weekend, to consider as much as $1 trillion in unspecified new revenues as part of an overhaul of tax laws in exchange for an agreement that made substantial spending cuts, including in such social programs as Medicare and Medicaid and Social Security — programs that had been off the table.

EJ Dionne:

Here’s why getting to a deal on the debt ceiling is so complicated.President Obama’s main goal is to get through this fight with the government still running and his support from the political center intact, even if this means substantial concessions to Republicans.

House Republican leaders want to get by without inciting a revolt among right-wing Tea Partyers, which means they’re having trouble accepting Obama’s concessions.

And the Senate — well, the Senate resembles the Balkans without a peacekeeping force.

WaPo:

To their credit, Romney’s senior aides were up-front about his fundraising for the quarter — they said he would come in between $15 and $20 million — but still struggled beneath the heightened fundraising expectations for the nominal frontrunner in the race.“I think they learned an organizational lesson here,” said one senior Republican strategist. “Pledges are meaningless, and they need to pick up the collection efforts…

“I think it is relative,” said Mike Murphy, a Republican media consultant who has worked for Romney in the past but is not affiliated with him this time around. “It’s less than 2008, but the competition he faces is the crowd he has now, not then.”

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Mitt Romney fundraising sparks Republican fears

Ah, cutting to the chase.

The Hill:

Former Bush political guru Karl Rove said Wednesday that he thinks Texas Gov. Rick Perry (R) will run for president.Rove, who enjoys longstanding and deep ties to Texas Republican politics, said he expects Perry to jump into the race for the GOP nomination — and raise big bucks if he does so.

“I think you’re right that he’s going to run,” Rove said on Fox Business Network.

Politico:

Former President Bill Clinton Wednesday compared GOP efforts to limit same-day voter registration and block some convicted felons from voting to Jim Crow laws and poll taxes.In a speech to liberal youth activists Wednesday, the former president called out proposals in battleground states like Florida and Ohio that could limit the voter rolls.

Now, that’ll make for some competition for both Romney and Bachmann, even if he doesn’t win. Also-rans Pawlenty and Huntsman will be starved for media oxygen and we might actually see more stories written that their campaigns don’t measure up and they won’t be winning.

This was from Matt Bai last month:

Republicans talk about something called “Bush fatigue.” It almost always comes up in relation to Jeb Bush, the brainy and politically talented brother of George W. Bush, who was himself the popular governor of a pretty sizable state. It’s a common theory in conservative circles that while Jeb (everyone calls him Jeb) might be the most formidable candidate out there to challenge President Obama, he is nonetheless cursed by his last name.That’s because a lot of Americans, and no small number of Republican primary voters, reminisce about the last Bush presidency the way they might about, say, once having contracted shingles. The sullied family brand is thought to be a deal breaker, at least for the moment.

When I interviewed Jeb Bush last year, he told me that he didn’t worry about the brand and wouldn’t hesitate to run for president if he really felt like it. And I’ve never been entirely sold on the Bush fatigue theory, either. Jeb Bush bears little resemblance to his older brother physically or temperamentally, and you can imagine him dominating Republican debates in a way that would quickly differentiate him.

In Mr. Perry’s case, however, the biographical and visceral similarities to Mr. Bush might actually prove harder to ignore.

So what’s changed? Nothing. A combo of blind ambition and wariness of Romney will likely prove those predicting a Perry run to be correct. And that Perry might run is more evidence of Romney’s weakness than his fund raising.

NY Times on Rupert Murdoch’s problems in the UK:

Line-skirting has always been part of doing business for Rupert Murdoch, but a voice-mail hacking scandal poses a new type of threat to News Corporation’s image.

Not all the news is bad.

Connecticut has become the first state to require companies to provide employees with paid sick leave with legislation signed into law by Gov. Dan Malloy (D), who announced his action Tuesday.The measure requires businesses in the service industry with 50 or more employees to allow workers to accrue one hour of sick time for every 40 hours worked. Backers estimate that between 200,000 and 300,000 workers will benefit. Opponents said the law will make Connecticut less competitive.

The Onion:

Final Minutes Of Last Harry Potter Movie To Be Split Into Seven Separate Films – Warner Bros. will recut the last four minutes of “The Deathly Hollows: Part 2″ and stretch it into seven films so fans can enjoy the Harry Potter franchise for another decade.

Rumor has it Harry, Ron and Hermione have already destroyed the first three, but the last four will be harder to find.

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DemFromCT is a longtime member of the Daily Kos community with interests ranging from polling to Iraq to bird flu, and has graciously agreed to allow us here at Evans Liberal Politics to publish his articles on an ongoing basis. He is a founding editor of Flu Wiki (www.fluwikie.com) and its sister site, the Flu Wiki Forum (www.newfluwiki2.com). Since its inception in June 2005, Flu Wiki has grown into an international clearinghouse of pandemic influenza information and links.

You can view his diaries at Daily Kos, here. DemFromCT is a featured writer at Daily Kos, and you can read more about him here. You are invited to email DemFromCT.

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Paul Ryan’s Plan, the Coming Shutdown, and What’s Really at Stake

Evans Liberal Politics
April 8, 2011

 

Paul Ryan’s Plan, the Coming Shutdown,
and What’s Really at Stake

Paul Ryan’s Plan, the Coming Shutdown, and What’s Really at Stake, Robert Reich.org, April 5, 2011, by Robert Reich, used with permission, quoted verbatim:

I was there in 1995 when the government closed because of a budget stalemate. I had to tell most of the Labor Department’s 15,600 employees to go home and not return the next day. I also had to tell them I didn’t know when they’d next get a paycheck.

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There were two shutdowns, actually, rolling across the government in close succession, like thunder storms.

It’s not the way to do the public’s business.

Newt Gingrich got blamed largely because his ego was (and is) so big he couldn’t stop blabbing that Clinton should be blamed. (Gingrich’s complaint of a bad seat on Air Force One didn’t help.)

But the larger loss was to the dignity and credibility of the United States government. When average Americans saw the Speaker of the House and the President of the United States behaving like nursery school children unable to get along, it only added to the prevailing cynicism.

Cynicism about government works to the Republicans’ continued advantage.

Case in point. House Budget Chair Paul Ryan unveiled a plan today that should make every American cringe. It would turn Medicare into vouchers whose benefits are funneled into the pockets of private insurers. It would make Medicaid and Food Stamps into block grants that allow states to ignore poor people altogether. It would drastically cut funding for schools, roads, and much else Americans need. And many of the plan’s savings would go to wealthy Americans who’d pay even lower taxes than they do today.

Ryan’s plan has no chance of passage – as long as Democrats are still in control of the Senate (even Democratic deficit hawks like Kent Conrad and Ben Nelson are appalled by it) and the White House.

But this so-called “blueprint” could be a blueprint for America’s future when and if right-wing Republicans take charge.

Which is where the cynicism comes in – and the shutdowns. Republicans may get blamed now. But if the shutdowns contribute to the belief among Americans that government doesn’t work, Republicans win over the long term. As with the rise of the Tea Partiers, the initiative shifts to those who essentially want to close it down for good.

That’s why it’s so important that the President have something more to say to the American people than “I want to cut spending, too, but the Republican cuts go too far.” The “going too far” argument is no match for a worldview that says government is the central problem to begin with.

Obama must show America that the basic choice is between two fundamental views of this nation. Either we’re all in this together, or we’re a bunch of individuals who happen to live within these borders and are mainly on their own.

This has been the basic choice all along — when the Founding Fathers wrote the Constitution, in the Civil War, when we went through World War I and World War II and the Great Depression in between, during the Civil Rights movement and beyond.

The President needs to remind us that as members of the same society we have obligations to one another — that the wealthiest among us must pay their fair share of taxes, that any of us who loses our jobs or homes or gets terribly sick can count on the rest of us, and that we have collective obligations to our elderly, our children, and the rest of the planet.

This is why we have government. And anyone who wants to shut it down or cut it down because they say we can’t afford it any longer is plain wrong. We are the richest nation in the world, richer than we’ve ever been. We can afford to remain a society whose members are in it together.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

Have a Listen to Our Playlists of Classic Rock Only Music, the Liberal Christian Rock, or Pure Electronic Music, or just have a look at the master playlist of 230 Rock, Pop & Electronic Hits. Get your music fix while you browse the news.