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Politics : WHO IS RUNNING FOR PRESIDENT IN 2004 -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (4424)8/29/2003 9:37:05 AM
From: stockman_scott  Respond to of 10965
 
Do Jobs Not Matter Anymore?

By E. J. Dionne Jr.
Columnist
The Washington Post
Friday, August 29, 2003

Maybe we should just scrap Labor Day and rename it "Capital Day."

After all, aren't we now a "nation of investors"? Isn't most business reporting, especially on television, about stock prices and "returns on capital"? If you care about wages and working conditions, you must be some sort of dinosaur.

And, hey, who cares about unemployment? Productivity is growing, which means we're more efficient. Sure, we're losing manufacturing jobs. But worrying about manufacturing is so Old Economy. Yeah, yeah, a lot of those manufacturing jobs helped people build middle class lives. But won't they make it all up in their portfolios? Income is old hat. Wealth is the thing.

This Labor Day is as good a time as any to begin rolling back the effects of roughly a quarter-century of propaganda that sought, quite successfully, to diminish the role of labor -- which is to say real human beings living primarily on wages and salaries -- in creating prosperity.

Beginning in the late 1970s, the promoters of supply-side economics tried to resell us on the economic ideas of the 1890s and obliterate the assumptions that had dominated thinking about the economy from the election of Franklin Roosevelt in 1932 during the Great Depression.

The lesson of the Depression was that if ordinary workers lacked jobs and adequate incomes, the economy would crash because too few people could afford to buy what businesses hoped to sell. This was demand-side economics and it laid heavy stress on spreading incomes and job opportunities broadly.

The supply-siders insisted that supply created its own demand. In plain English, this meant we should think less about labor and more about capital -- specifically, investors who created the means to produce the goods. If the New Dealers glorified the role of the worker, the supply-siders glorified the entrepreneur.

"One of the little-probed mysteries of social history is society's hostility to its greatest benefactor, the producers of wealth," wrote George Gilder in "Wealth and Poverty," his influential supply-side manifesto published in 1980. "How much easier it is -- rather than learning the hard lessons of the world -- merely to rage at the rich and even steal from them."

Supply-side theories on the urgency of cutting taxes on the rich were exploded when Bill Clinton raised taxes on the wealthy and -- contrary to the supply-side predictions -- helped unleash a remarkable period of economic growth. But the supply-siders have had a great run, and their latest rationales focus on how many Americans own stock.

The theory is that if we're all entrepreneurs, then all of us benefit from policies that benefit investors. Our role as employees -- as workers -- is shoved up there in the attic with that old lady Ross Perot used to talk about.

No one is more evangelical about the new investor nation than Grover Norquist, the conservative activist who has devoted his life to eliminating taxes, especially taxes on savings and investment -- which means taxes on the best-off Americans. Norquist speaks constantly of the 70 percent of voters who own shares of stock.

But let's look at those numbers. Norquist speaks of voters. According to the Federal Reserve, half of all Americans have some connection to the stock market, which means that half do not. And even for the happy 50 percent, their major connection to the stock market is through pension funds they do not themselves control.

It's still the case that most stock is owned by a small percentage of Americans. An analysis of Federal Reserve data by the Center on Budget and Policy Priorities, for example, recently found that the top 10 percent of income earners owned 70 percent of directly held equities. The bottom 60 percent of earners owned just 9 percent of directly held equities. That's why policies that benefit investors (such as the dividend tax cut) shower huge benefits on a small number of Americans.

The simple truth is that the standard of living of most Americans depends on getting jobs that pay well. This means that unemployment matters not just for those out of work but also for those whose wages are depressed when too many people are competing for too few jobs. For most Americans, the best economic policy is still low unemployment. That's why the late 1990s produced income growth for the poor and the middle class as well as the wealthy.

I am all for a nation of owners and investors. But most people need jobs. For 25 years, we have been hearing that labor depends upon capital. It's time to resurrect the other, buried truth: that capital depends upon labor. Our prosperity really does require keeping the "Labor" in Labor Day.

© 2003 The Washington Post Company

washingtonpost.com



To: Raymond Duray who wrote (4424)8/29/2003 11:00:48 AM
From: stockman_scott  Read Replies (1) | Respond to of 10965
 
prospect.org



To: Raymond Duray who wrote (4424)8/29/2003 11:28:46 AM
From: stockman_scott  Respond to of 10965
 
Kerry Proposes Direct Aid to States

story.news.yahoo.com

2 hours, 12 minutes ago

By HOLLY RAMER, Associated Press Writer

DURHAM, N.H. - Despite recent signs of economic recovery, gloomy days of "deficits, debt and doubt" will remain as long as President Bush (news - web sites) holds office, Democratic presidential hopeful John Kerry said in announcing a broad plan to boost the economy and create jobs.

The Commerce Department (news - web sites) said Thursday that the economy grew at a 3.1 percent annual rate in the April to June quarter, a better-than-expected showing.

But Kerry remained grim, saying the 2004 election will determine whether America still offers opportunity for all or allows a privileged few to call the shots.

"We need action and leadership because we're not just in a temporary downturn. America is in a fight for our economic future," he said at the University of New Hampshire, where he outlined an economic package that mixed new ideas with some old proposals.

His new ideas include sending $25 billion to states struggling with budget deficits under Bush administration policies that put the interests of the president's "buddies and big shot campaign contributors ahead of the people he passes by in his motorcade," the Massachusetts senator said.

"When it comes to creating opportunity, restoring fiscal discipline, putting values back into our economy, and preparing for the jobs of the future, George Bush hasn't lifted a finger," Kerry said. "I intend to move mountains."

A spokeswoman for the New Hampshire Republican Party responded by calling Kerry a "typical Massachusetts tax and spend liberal."

"John Kerry likes to say President Bush's answer for everything is a tax cut," said Julie Teer. "The bottom line is John Kerry's answer is to raise taxes."

But Kerry said he would provide tax relief to middle-class families by keeping the child tax credit, reduced marriage penalty and lower tax rates that were part of the Bush tax cut package while lowering capital gains and dividend taxes for the middle class.

Though he would repeal Bush's tax cuts for the top 1 percent of income earners to finance some of his proposals, Kerry criticized some of his Democratic rivals — Rep. Dick Gephardt (news - web sites) of Missouri and former Vermont Gov. Howard Dean — who want to repeal the entire tax cut.

"Some in my own party are so angry at George Bush and his unfair tax cuts that they think the solution is to do the exact opposite," Kerry said. "They want to return to rejected old-style policies that eliminate all tax breaks, including those to working people."

Kerry also proposed a new tax credit to help families afford college. The credit would apply to the first $1,000 spent on tuition and 50 percent of the rest, up to $4,000 a year.

He also proposed a new tax credit to encourage manufacturers to remain and expand operations in the United States.

Some of Kerry's proposals sounded familiar to one of his Democratic rivals. A spokesman for Sen. John Edwards (news, bio, voting record) of North Carolina noted that Edwards also has proposed lowering the capital gains and dividends tax for the middle class and reining in executive pay.

"Apparently the Edwards economic plan was on somebody's summer reading list," said Colin Van Ostern.



To: Raymond Duray who wrote (4424)8/29/2003 12:12:13 PM
From: stockman_scott  Respond to of 10965
 
Some Comments from NPR's Daniel Schorr

csmonitor.com



To: Raymond Duray who wrote (4424)8/29/2003 12:35:12 PM
From: stockman_scott  Respond to of 10965
 
Message 19257095



To: Raymond Duray who wrote (4424)8/29/2003 12:49:52 PM
From: stockman_scott  Read Replies (1) | Respond to of 10965
 
Sky News says Hillary will run in 2004...

sky.com

IMO, this is Karl Rove's dream come true...and bad news for the Dems. Hillary should stay in her Senate seat and I think it would be VERY difficult for her to defeat the Bush / Cheney machine.

draftwesleyclark.com



To: Raymond Duray who wrote (4424)8/29/2003 12:53:44 PM
From: stockman_scott  Respond to of 10965
 
Message 19257176



To: Raymond Duray who wrote (4424)8/29/2003 1:03:22 PM
From: stockman_scott  Respond to of 10965
 
Memo to Democratic front-runners: don't celebrate too soon

sfgate.com



To: Raymond Duray who wrote (4424)8/29/2003 8:25:33 PM
From: stockman_scott  Respond to of 10965
 
Message 19258548



To: Raymond Duray who wrote (4424)8/29/2003 8:57:01 PM
From: stockman_scott  Read Replies (1) | Respond to of 10965
 
Clark v. Dean / Dean v. Clark

from a weblog...

liquidmichael.blogspot.com

The man of the hour has to be Howard Dean, the former governor of Vermont. He has outpaced all of his democratic opponents in campaign contributions. New polls show that he has a double digit lead over top rival Sen. John Kerry (D-MA) in New Hampshire, a key primary state. He has attracted thousands to rallies all over the country on the "Sleepless Summer" tour, which ended last night New York City's Bryant Park.

What is perhaps more interesting is that Dean has used the internet to change the way presidential campaigns are being conducted, much in the way that Sen. Jack Kennedy used television in 1960 to his advantage. Most of the million plus dollars Dean has received has come from first-time campaign contributors via the internet. We are perhaps witnessing a phenomenon never before seen in American politics. Dean's core supporters are not people that he has solicited. They are folks that have sought him out. Moms, dads, teens, and the like click on his website to find out about the candidate. There is a strong underlying message here: Americans want Bush gone and they will search for ways to send him back to Crawford Texas. This is not your grandpa’s politics. Although (if he has DSL) it very well could be.

When voters click on to Dean's website, www.deanforamerica.com, they are not disappointed. The site does not just excite people by Dean's message, it excites them in the same way the entertainment industry does, with flashy ads and graphics. There are AIM buddy icons that can be downloaded. There are banners ads for people to put on their own website. There is an official Dean for America blog. There are pictures from the campaign trail. Dean has even set up Dean TV which allows viewers to watch several of his speeches, television ads, and cable talk show interviews. Even this tech savy teen was mesmerized by Dean TV. Perhaps the most innovative use of the internet has been Dean's surge on Meet Up, a website that allows people with common interests to get together in person and discuss that interest. People talk about everything from Harry Potter to the NBA. Over 92,000 everyday, ordinary Americans are organizing themselves to rally for Dean.

Somehow the Dean Team is able to take politics beyond the realm of boredom into a new wave of excitement and fascination. In a strange way, one does not even have to agree with the message to get excited. The messenger and the way in which the message is delivered are enough.

Dean's initial train took off on the steam of leftists angry over the recent war in Iraq. A strong opponent of the war, Dean appealed to what he describes as "The Democratic Wing of the Democratic Party." Furious with the current administration and with the Democratic Leadership Council and the New Democrat Network which together have a strangle hold on the Democratic Party, those left of the middle flocked to Dean. Dean was portrayed as the Washington outsider and party rebel who would give a voice to the voiceless. (This is nothing new. Sen. John McCain (R-AZ) received similar reaction to his 2000 bid for the presidency.)

However, as we saw with McCain, there was likewise always gravitation towards the traditional leaders of the party. The rank and file members of the GOP flocked to Gov. George W. Bush to squash rebel McCain's chances. Interestingly, this has not happened in the 2004 DNC race. Dean is the hands down front runner, with the other nine candidates trailing by a good margin. Sen. John Edwards (D-NC) has seen almost no gain in support over the summer and the same is true for Sen. Bob Graham (D-FL). Many Democrats view former Vice-Presidential Candidate and once shining hero of the DLC Sen. Joseph Lieberman (D-CT) as little more than a Republican masquerading as a Democrat, or, as some call him, "Bush-lite." Former House Minority Leader Richard Gephardt (D-MI) is counting on support from labor unions, and still in the race. The only other viable centrist Democrat left is Kerry, who many view as being too effete and too much of a Washington insider.

With a lack of good moderate candidates to offset Howard Dean, Dean is working to fill that vacuum himself instead of waiting for someone else to begin the inevitable pull towards the middle. He is beginning to portray himself as fiscally conservative and is going to great lengths to make is record as a fairly centrist governor known. He is touting Vermont's balanced budget, reminding voters that he voted in favor of the 1991 Gulf War, while now downplaying his opposition to the more recent war in the Middle East. It seems that the governor's strategy is play to both sectors of the Democratic Party.

Dean has good reason to fear that a strong moderate could enter the race and detract attention away from him. Some believe that Sen. Hillary Clinton (D-NY) could join the race, despite promises to the contrary. Still more believe former Vice-President and 2000 Presidential Candidate, Al Gore, could enter the race at the behest of DNC leadership.

The one name that is causing the most stir is former Supreme Allied Commander of NATO forces, Gen. Wesley Clark of Arkansas.

A graduate of West Point, Rhodes Scholar, and four star general, Clark has the national security and defense credentials that, perhaps, give him more credibility to challenge Pres. Bush's War in Iraq than Gov. Dean. The General has been making several television appearances and has even given a speech at the New Democrat Network Convention, detailing the Bush Administrations failures. It is widely believed that Clark will enter the race around or on Labor Day.

A recent Zogby poll commissioned by the folks at www.draftwesleyclark.com, a movement to get retired Gen. Wesley Clark to join the quest for the Democratic Presidential Nomination, showed that 4.9% of those polled would vote for Wesley Clark if the primaries were held today, putting him if fifth place in a pack of 10 behind Dean, Gephardt, Lieberman, and Kerry.

The same poll showed the Gov. Dean is the only candidate gaining momentum while the other candidates remain stagnant or are losing support. 23% of Dean supporters feel "very strongly" committed to Dean's candidacy, while 47% of Clark supporters feel "very strongly" committed to a man who has not even announced that he is running. Roughly 20% of Dean supporters say they are "not at all strongly" committed to Dean, while only 8% of Clark supporters would say the same about him.

This shows that there is a certain amount of fluidity in this race. It can be inferred that Dean supporters are such because there simply is not a better alternative currently in the race. This becomes even clearer when the results of a "blind bio" poll are analyzed. The participants are read bios of the candidates and then pick for which they would vote based on the bio. 16.3% said they would vote for Dean, which is roughly the amount of support Dean is getting among Democratic nationwide. 22.9% said they would vote for Wesley Clark. When Dean's bio was matched against Clark's bio, Clark beat Dean on a 50/35 margin. Clark also beat Kerry, Lieberman, and Gephardt (those ahead of him in the polls) in bio match-ups.

This shows, perhaps, that if Clark does announce a run, once people begin to learn more about him, voters will abandon their current candidates and will flock to Clark, much like republicans flocked to Bush in 2000.

Now, some pundits believe it is too late for Clark to get in the race. I disagree. The last Democratic Rhodes Scholar from Arkansas to win the presidency by challenging a popular Republican wartime President named Bush did not get into the election until October of '91 for the 1992 election. The Zogby poll showed that 84.1% of likely voters believe that it is not too late to get into the race. It is almost as if people are screaming for it. The current candidates, save for Dean, do little to excite the electorate. And even with the excitement Dean does bring, some people believe he will not win against Bush, that his anti-war stance will fall on deaf ears due to his lack of military experience.

I think several situations could unfold. There have been rumors that Dean and Clark have been in talks about a possible VP run for Clark, with him staying out of the race. I believe such a plan would be detrimental and would backfire. As I see it, the most decorated general since Dwight D. Eisenhower is the only person that can beat Bush. If there is to be any deal made it should be for a Clark/Dean ticket, and not the other way around. It won't help much to have Clark as VP during the election. As VP, Clark would obviously not be the commander-in-chief, which is where his main appeal lies.

I also would not rule out a Clark/Edwards ticket or a Clark/Kerry ticket. Clark could use Edwards to help win key southern states like Georgia, Florida, Tennessee, and North Carolina. Edwards is also young enough to pull off a strong presidential run in eight years. If Clark gets into the race and a strong aversion to the left wing of the DNC develops, Dean may fall out of the picture, which could potentially open the door for Kerry, or perhaps even Gephardt.

However, the best shot for the Democratic Party is a Clark/Dean ticket. It covers both sections of the party and would cause there to be a cohesive in the DNC that would rival the unity in the GOP. Furthermore, it's a winnable ticket.

The Zogby poll showed the Dean is currently 10 points behind Pres. Bush in the polls, with 9% of the respondents undecided. If you take the margin of error into consideration, Dean is certainly in striking distance in his own right. When Clark, who isn't even running yet, was put up against Bush by name only, he was a mere 11 points behind the president. The best interesting, and promising, poll results showed that when Clark's bio was put up against Bush's bio, Clark won 49% to 40%!

Eh, but what do I know.....

- posted by Mike @ 8/28/2003 04:10:35 AM