Showing posts with label Stimulus. Show all posts
Showing posts with label Stimulus. Show all posts

Monday, January 18, 2010

Krugman Sez: Obama Shoulda Blamed Bush More

By Wade

If you've overheard Fox News at all in the past year, it's likely that you've been treated to kvetching about Obama putting too much blame on Bush, and that he ought to live in the present, etc. etc. (a rhetoric notoriously absent when Bush said similar things about Clinton). However, Krugman disagrees(emphasis mine):
The Obama administration’s troubles are the result not of excessive ambition, but of policy and political misjudgments. The stimulus was too small; policy toward the banks wasn’t tough enough; and Mr. Obama didn’t do what Ronald Reagan, who also faced a poor economy early in his administration, did — namely, shelter himself from criticism with a narrative that placed the blame on previous administrations.

And because it tickles me in relation to my previous post about the WSJ, here's another good Krugman quote:

It’s often forgotten now, but unemployment actually soared after Reagan’s 1981 tax cut. Reagan, however, had a ready answer for critics: everything going wrong was the result of the failed policies of the past. In effect, Reagan spent his first few years in office continuing to run against Jimmy Carter.

I simultaneously agree and disagree with the rest of Krugman's sentiments. On the one hand, he talks about how Obama hasn't really accomplished that much, and how he needs to focus on two remaining options: pushing financial and health care reform. He's right; these are things that must happen. Krugman says that "not passing a bill would surely be [Democrats'] political doom." And he's right.

On the other hand, Dave's had two different posts detailing Obama's accomplishments and effectiveness. Let's not be giving aid and comfort to the enemy now. Make sure the Republicans know that we still want the same things we wanted when we overwhelmingly elected President Obama, and that we're still willing to back him and fight for what Krugman himself calls "the right thing to do."

One of the key strengths of the Party of No is their ability to remain unified while preying on the fractiousness of the left. It's like the Democrats are constantly trying to prevent a big game of rock paper scissors Hippies who hate pollution protest the Union workers who are against Immigrants taking their jobs who are against the Supporters of Gay Marriage and so on down the line (this is obviously not an accurate representation, but you get the point).

What we have to realize is what the right realized long ago: we are stronger than the sum of our parts. Every election they win is a representation of this. Most polls in the past few years put the amount of left-leaning Americans anywhere from five to twenty-five percent above the amount of right-leaning Americans. We have the power, and we need to remember that. It was proven a year ago when we chose Hope and Change over those who sought to continue the downward spiral of the Bush years. Compromising and taking the good with the bad is always better than refusing to accept anything but 100% goodness. Obama knows this well.

Friday, January 15, 2010

What has Obama Done For Me Lately?

By Dave

I wanted to spend some time on this because a lot of people mistakenly believe that little has been accomplished in the last year.

Remember how bad things were this time last year? It was awful! The economy was in a tailspin. The banking sector was on the verge of collapse. Massive job loss and foreclosure. Health care costs were strangling our nation. The deficit was growing unchecked. The government didn't care or didn't believe in climate change. World opinion of America was abysmal. We were engaged in two failed wars. We were torturing people for bogus information. Remember all this? Then Obama became president.

What has he done? Well, he:
  • Passed a $800b Stimulus Bill that:
    • Invested in infrastructure like roads and bridges
    • Invested in green, renewable technology
    • Invested in new High Speed Rail corridors
    • Invested in an electric smart grid, weatherizing homes, and alternative energy
    • Computerized medical records
    • Helped cities and states to close gaps in their budgets to maintain services
    • Gave $237 Billion in tax cuts for small businesses, college students, and 95% of working families
    • Billions for Pell Grants, Headstart, increased teacher salaries and to prevent school layoffs
    • Expanded Job training programs, unemployment insurance, and food stamp programs
    • Put people to back work and helped pull our economy back from the brink
  • Repaired America's damaged image in the world
  • Engaged the Muslim world
  • Banned the use of torture, including waterboarding, and restricted interrogation to the Army Field manual
  • Expanded SCHIP to include an additional 4 million children
  • Passed new regulation preventing credit card companies from ripping people off
  • Proposed new laws in place to protect consumers from mortgage fraud and predatory lending.
  • Passed national service legislation which boosted funding for volunteers and for AmeriCorp members
  • Passed stronger hate crimes law
  • Reformed defense spending to cut out waste like the F-22
  • Had more spending cuts than Bush
  • Changed strategy in Afghanistan and increased the number of troops fighting the war
  • Withdrew some troops and set a timetable for further withdrawal in Iraq.
  • Proposed financial regulatory reform.
  • Is on the verge of real health care reform. This reform will:
    • Prevent insurers from refusing coverage for preexisting conditions for children or from dropping coverage when people get sick and need it the most. 
    • No restrictive annual limits or lifetime limits
    • Insurers will be required to offer free preventive care like checkups, routine tests and mammogram
    • Lower costs for most people
    • Insure an additional 30 Million people
    • Bring down the deficit by $100 Billion in the first 10 years and by a trillion in the second ten years.
    • That's not going to appeal to seniors who are now seeing the possibility of that doughnut hole finally closing and so they can finally get discounts on their prescriptions. 
    • Tax credits for employers who provide coverage to their employees
    • Allow kids to stay on their parents plan until they are 26 
Quibble with what you'd like on the list. Not all of it is perfect and there is plenty of room for more work.  But the fact of the matter is this is not a do-nothing congress or a do-nothing president. They have done more good in one year than Bush did in eight and they did it without the help of the Republicans. In fact, they did all of it despite the fierce opposition of Republicans.

Updated: The Guardian has a pretty good timeline of Obama's first year in office. It's worth checking out.