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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (26566)9/6/2012 11:18:01 AM
From: Brumar89  Read Replies (1) | Respond to of 85487
 
"Clinton wants al-Bamah to lose"

Keep telling yourself that. It'll keep you warm on frosty nights.


Everyone knows that.



To: Wharf Rat who wrote (26566)9/6/2012 3:43:37 PM
From: No Mo Mo  Read Replies (2) | Respond to of 85487
 
"I didn't vote for him in '96; too far to the right."

Nor did I. A lot of Dems and progressives followed that lead in 2000, too. The move to the center didn't help the Dems.

Sure the last two nights of 'rah-rah' sounded good. Bill was Muhammad Ali. Look who they're fighting, though. I have my union boss uncle from Michigan e-mailing me this a.m. saying, "They're back!". Groan....

Get past this election and watch what they do, not what they say.

See the civilians in Yemen killed by another drone strike yesterday? No discussion of it right now because it's convention time. Can't spoil the party. How about no one asks about extra-judicial killings until after election as long as Obama and company stop killing until then?

Keystone XL will be a massive tell.

-------------------------------------------------------------
Newsweek: Obama Needs to Be Clinton
Posted on 09/04/2012 by Peter Hart

A few weeks ago Newsweek got a lot of attention for Niall Ferguson's factually challenged cover story slamming the Obama case for re-election.


This week, in true corporate media style, we get the "other" side: An argument that Obama should move the Democratic party to the right.

Peter Boyer's piece, "Why Barack Needs Bill," recycles some of more dubious claims about the effectiveness of Clinton's brand of center-right "triangulation." Since this is the media's usual advice for Democrats– move to the right in order to capture the center– it's worth unpacking.

Clinton-style "New Democrats," Boyers explains, "have nearly vanished." And this is trouble:

Their absence complicates Obama's bid for reelection, and his chances for an effective second term, if he gets one. Clinton's brand of liberalism was designed to win elections, and brought Democrats back after a generation in the wilderness; Obama's brand of liberalism produced the line that became the Republicans' favorite refrain last week in Tampa: "You didn't build that."

What Republicans say about Obama should be set aside for the moment–especially considering this "favorite refrain" is such a gross distortion of Obama's words.


Where did all those New Democrats go? Well, many of them lost elections. So if the Clinton model was "designed to win elections," it didn't work. But we've known that for a long time already. As FAIR founder Jeff Cohen pointed out in 2000:

When Clinton entered the White House, his party dominated the U.S. Senate, 57-43; the U.S. House, 258-176; the country's governorships, 30-18, and a large majority of state legislatures. Today, Republicans control the Senate, 55-45; the House, 222-211; governorships, 30-18, and almost half of state legislatures.

Clinton didn't bring the Democratic party out of the wilderness–it's more accurate to say that he led the party into one.

Boyers goes on to recall Gore's 2000 loss–which again complicates the idea that Clintonism is an obvious winner–and how this dealt a further blow to the Democrats:

With Al Gore out of the picture, the party took an ever-more-stridently leftward turn, and by 2004, what Howard Dean called "the Democratic wing of the Democratic Party" was in full ascent. The energy in the party resided in the antiwar left, reawakened by Iraq, and by 2008, candidates in the Democratic presidential primary were expected not only to oppose the war, but to apologize for ever having supported it—and all but Hillary Clinton did. (No apology was required of Obama, who'd opposed the "dumb" war from the start.)

Now one could make the argument that this move to the left–coupled with growing public anger at the Bush administration and the Iraq War–explains how the Democrats regained a Congressional majority. Or, in other words, that this "stridently leftward turn" was a winner.


Newsweek gives an array of conservative Democrats like Doug Schoen, Al From and Artur Davis space to talk about all the things they would do to steer the party back to the right. From's Democratic Leadership Council was founded to "find a way to sell a liberal program to a nation that consistently rejected it"– a funny idea, considering the party's hefty Congressional majority through those years that the public was apparently rejecting its message. And Davis apparently "argues that the post-Clinton Democratic Party has willingly set a course toward the model of the fringe-European left."

There's little pushing back on the argument that Obama has gone too far to the left, probably because Boyers seems to agree with it:

Obama's presidency has seemed, in key regards, a repudiation of the New Democrat idea. Clinton Democrats embraced business; Obama attacked private equity. A New Democrat would have championed the Keystone XL Pipeline; Obama, yielding to environmentalists, has resisted it.

It's hard to know where precisely this Obama "attack" on private equity exists, outside the minds of some journalists and Wall Street leaders. Certainly there's little in the way of policy in this regard. As for Keystone, Obama is delaying a decision, keeping environmentalists at arm's length. It is, if anything, a pretty Clintonian move on his part.

It's nonetheless revealing that a piece that rests on the on the assumption that Obama has strayed too far from the "center" can find so little evidence to back that up. To Boyers, the Obama years mean, unfortunately, that the "era of big government isn't over anymore." How Obama has made government "bigger" is left under-explained. Which is a good thing, since it, too, is a difficult argument to make.

Just as corporate media cheered Clinton for pulling Democrats to the right, they've consistently counseled Obama to do the same– to pull a Clinton on the left/liberal base of the party. But if you ask many of them, he already has.






To: Wharf Rat who wrote (26566)9/10/2012 4:29:25 PM
From: No Mo Mo  Read Replies (1) | Respond to of 85487
 
"I didn't vote for him in '96; too far to the right. I saw this coming..."

For emphasis....from one who paid attention.

---------------------------------

The Great Deregulator


truthdig.com

Posted on Sep 10, 2012
By Robert Scheer

Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.

Do those convention delegates, and the fawning media that were wowed by the former president’s rhetorical seductions, not recall that just before he left office Clinton signed off on the game-changing legislation that ended the sensible rules imposed on Wall Street during the Great Depression? It was Clinton who cooperated with the Republicans in reversing the legacy of FDR’s New Deal, opening the floodgates of unfettered avarice that almost drowned the world’s economy during the reign of George W. Bush.

How convenient to ignore the Financial Services Modernization Act, which Clinton signed into law to summarily end the Glass-Steagall barrier against the commingling of investment and commercial banking. Do the Democrats not remember that Citigroup, the first too-big-to-fail bank made legal by the law Clinton signed, became the $15 million employer of Robert Rubin, the Clinton treasury secretary who led the fight for the law that legalized the creation of Citigroup? Or that Citigroup—led by Sanford Weill, to whom Clinton gave one of the souvenir pens he used to approve that onerous legislation—went on to be a major player in the subprime mortgage swindles and had to be bailed out with more than $50 billion of taxpayer funds?

Those scams were based on bundling suspect mortgages into collateralized debt obligations (CDOs), backed by the phony insurance of credit default swaps (CDSs), all of which were given “legal certainty,” to quote Lawrence Summers, who replaced Rubin as Clinton’s treasury secretary. It was Summers who encouraged Clinton to sign the Commodity Futures Modernization Act, which declared CDOs and CDSs immune to any existing regulatory law and the purview of any regulatory agency.

Timothy Geithner, a protégé of Rubin and Summers in the Clinton Treasury Department, was appointed, with Rubin’s enthusiastic endorsement, to be head of the New York Fed while Bush was president. Geithner happily partnered with the Bush administration in saving AIG and funneling trillions of dollars to the banks that had caused the crisis. When Barack Obama appointed Geithner as treasury secretary, the new president committed to the Bush strategy of saving the bankers rather than those in the middle class who had much of their life savings tied up in the vanished equity in their homes.

The Democrats who boast so much about their inclusion of black and brown people have not seemed to notice that the accumulated wealth of both groups has declined by more than half since the onset of this crisis, wiping out much of the economic gains of the civil rights movement.

Sorry, I couldn’t dance at the party as I did with the Democrats the last time around. Of course I prefer Obama over Republican Mitt Romney, who is backed by a rapacious crowd of hucksters who have rallied around the former CEO of Bain Capital as one of their own.

If Wall Street financial moguls are now giving more money to Romney than to Obama, it is a measure of the extent of their greed rather than Obama’s effectiveness in curtailing that greed. The banks are bigger and more powerful than ever. The quite-limited victories for consumers cited in convention speeches by Massachusetts Senate candidate Elizabeth Warren and California Attorney General Kamala Harris—both truly heroic fighters for consumer rights—were accomplished over the objections of White House insiders.

Obama has followed the examples of Summers and Geithner instead of those of Warren and Harris, and that is what has made the election a tossup as voters continue to suffer in an economy that Democrats as well as Republicans wrecked.

Once again, the thing that saves the Democrats is the capricious evil that now defines the Republican Party. In another time, Romney might have been in the mold of Dwight Eisenhower, a moderate and socially sensitive leader who offered a perhaps more efficient but no less caring alternative to the big-city-based Democrats of his era. As Clinton pointed out in his address, it was Eisenhower who sent federal troops to guarantee the integration of Little Rock High School in Arkansas over the objection of many Southern Democratic politicians and who also built the federal highway system. In short, Ike was a balanced and thoroughly decent GOP leader of the sort that Romney’s own father, George, aspired to be.

Not so the son, who attacks the automobile industry bailout that his auto manufacturer father would have embraced, as he would have Obama’s moderate health care program, based in every significant detail on Mitt Romney’s version in Massachusetts. Romney is an unmitigated liar unrestrained by any moral or logical standard, as demonstrated in his defense of the Bain Capital experience. That part Clinton got right.

AP/Charles Dharapak

Former President Bill Clinton addresses the Democratic National Convention in Charlotte, N.C.