Courtesy of the Daily Dish:
Obama did not have a serious choice; he had a fate. That fate was to pick up the pieces of the most catastrophic presidency in modern times. The final bouquet - after emptying the public coffers with no serious boost to employment, profits or growth - was the financial collapse, which both shrunk the economy, decimated revenues to 50 year lows, and automatically increased spending for the unemployed and poor in desperate need of help. Once you account for that - and the Nutting graph indeed shows that this was baked in the cake by the time Obama was elected - Obama has been, like most modern Democrats, far more fiscally conservative than any modern Republican.
Now you could argue that Obama should have let the auto industry go fully bankrupt, allow the economy to head into deflation and depression without any fiscal stimulus to counter, cut the unemployed off at the knees - and we would be Greece today, underwater in a deepening and self-reinforcing depression. Can you imagine what Romney would have said about Obama's record then?
And yes, as Suderman notes, the real criticism should be focused on the absence of any long-term deal on entitlements, defense, taxes and spending - a deal that would do a huge amount for business confidence. But seriously: if one side simply refuses to put any serious revenue increases on the table at all, who's really preventing that effort?
There are legitimate issues to debate with respect to the future in this election. But the caricature of the last three years, the knowing lies that interweave with this false narrative, the attempt to describe a pragmatic, sane and successful president as somehow unqualified to tackle this mess - when the US economy has fared better in this period than much of the West - are deceptions, exploiting pain. I'm sick of them, and the cynicism they represent.
I could NOT have said it better!
http://www.newsmax.com/Headline/RomneyWasManagerandBoardMemberofCorpGuiltyofMedicareFraud/2012/01/27/id/425817
ReplyDeleteAccording to the court records, the Damon scheme continued throughout Bain’s ownership, and prosecutors credited Corning, not Romney, with taking corrective action.
According to a Boston Globe report, then Republican gubernatorial candidate Mitt Romney, while insisting that he and fellow board members at Damon Corp. uncovered what was later determined to be a criminal scheme to defraud Medicare in 1993, acknowledged that the directors did not turn over their findings to federal authorities then investigating the medical testing industry.
While the medical testing company went bankrupt, with thousands losing their jobs, Bain Capital captured a $12 million profit— over $450,000 of that money going to Romney personally.
That's worse than vulture capitalism. It is predatory capitalism. This is not encouraging a free market system. It is channeling wealth to the 1%, of which Romney is a member.
DeleteWe have President Obama. The alternative was a stressed McCain possibly becoming ill and Sarah Palin becoming president. ANY criticism of Obama can be countered with the question, "so, you think Palin was a better choice?"
ReplyDeleteIT in a nutshell. Well said!
DeleteIt was obvious in 2008 that Obama was the right choice even before McCain selected Palin as his running mate. Obama was the adult in the room when the economy started to tank during the Bush administration. McCain didn't have a clue on how to approach it. Palin and the economy are the reasons that McCain lost the election. Obama's approach to the economic problems included talking to and listening to experts in the field before determining the best course of action. The way the GOP is distorting and lying about Obama's record and many accomplishments should be considered treason. The GOP has no answers on how to improve the economy. It is obviously going to require additional revenue by raising taxes on the wealthy. The middle class (what is left of it) already has enough skin in the game.
ReplyDeleteI think you're right. It sure looks like the GOP is dragging out the old "trickle down" mantra Reagan introduced. Yeah, fool me once... and fool me again! and again! now we know what is trickling down: their debts while they pocket the profits. We bailed out the banks -- too big to fail -- to stimulate the economy and the banks sat on the money until they hatched golden eggs of high CEO pay. JPMorgan still gambling with your money? our money?
DeleteHome run! Well said! And we could still become Greece if we allow the GOP to control any state, and any Section of Congress.Vote for the future.
ReplyDeleteREally, why would the 1% care if America is left high and dry? They will just buy up a country that they want and kick everybody else out. Global gated communities.
Deletegop believe they are entitled to not pay their fair share altho the tax code is bent in rich favor. gop classic greed.
ReplyDeleteI do wish pundits and msm would say making rich pay their fair share instead of saying "raising taxes."
Not that I'm complaining, but does anyone know why Sullivan still goes around calling himself a conservative. Seems he's one of the biggest Obama supporters around these days.
ReplyDeleteHaving a conservative or liberal opinion doesn't mean you can't see truth, it's just believing in a different way of governing.
DeleteThe gop extremists and tea partiers (and some liberals) on the other hand are speaking out of hatred for anyone not lockstep in their way of doing things.
He has a rather bad Romney habit - changes his viewpoint with the weather. About the only times he stays 100% with a viewpoint - gay marriage and the stupidity of Sarah Palin.
DeleteHis Palin rant on Real Time - always worth listening to. http://www.youtube.com/watch?v=G4p4N9CTUu8
He nailed Palin right out of the starting gate.....
DeleteThat was worth listening to. He spotted her right out of the starting gate. I find it unsettling how McCain and his people were able to hide so much of the palins' problems. And he still praises her. He's trying to protect the shreds of his "reputation."
DeleteWow! Andrew continues to be a huge hero. He is sooooo right. I'm amazed that his is a voice in the wilderness. (Okay, Maddow and Krugman too, but I despair that not enough people listen, agree, and act upon their words.)
ReplyDeleteI do think Andrew Sullivan is a smart man but remember he backed Geroge W Bush for many years especially on the invasion of Iraq. I don't quite understand how he got sucked in for so long.
ReplyDeleteSorry, I as an out gay man still do not fully trust him. Occasionally he can be right, compared to being on the right. Yet I still don't trust him.
ReplyDeleteMe: I reluctantly accept some of what Andrew Sullivan says now. Yet I also keep a distance from him based on decades (and in the recent past) of his past (or current) stances and times when he's been very wrong yet very righteous about himself, his position, his ideas, etc.
I also don't trust don't some other gay republicans (especially those in W's administration) or those gays* enchanted by the tea koolaid and trying harder to fit in with the current people who hate gays as much as they hate non-white people. I also never trust anyone (especially anyone gay) who's a Ron Paul libertarian and into false hero worshiping him.
*(GOProud, Gay Patriots and there are probably more and other groups I've forgotten about now).
Bill Maher really hit a logic home run on Obama, last night.
ReplyDeleteHe pointed to the absolute, frothy HATRED fostered against this President, and the total fools of themselves many are showing to be, with such silly sayings as "...the most radical, divisive President in history."
He gives examples of what a radical Democrat would have done: ended the Afghan war, done away with the special tax treatment of the rich, legalized pot, etc.
Instead, if you look around, nothing really seems to have changed all that much, from before.
The subtle difference (unseen by those wearing Fox channel blinders) is that we ARE still going about our lives as usual, and NOT rioting in the streets, climbing over the walls of the rich, in hungry desperation.
Given the precipice the nation came to, in 2008, this fact alone, is worthy of high praise for a leader.
Good job! I agree all the way.
ReplyDeleteComplaining about what the President's done - or not done - is like someone complaining that you haven't scrubbed the kitchen floor when the front of your house is going up in flames. AND the neighbor on the right has tied your hands and feet, is pouring gasoline on the flames, and has set up a roadblock to prevent the firetrucks from reaching the house.
ReplyDeleteSure, he hasn't accomplished everything I would have hoped as quickly as I would have preferred, but the President needed to deal with the plethora of crises he was dumped with in January of 2009 and fight the most important battles first.
I have a great idea. Let's give him another four years to get the rest of the stuff done!
Time for the rethugs to quit their temper tantrum before the country goes completely down the tubes.....
ReplyDeleteYou are exactly right.
ReplyDeleteSullivan: "But the caricature of the last three years, the knowing lies that interweave with this false narrative, the attempt to describe a pragmatic, sane and successful president as somehow unqualified to tackle this mess - when the US economy has fared better in this period than much of the West - are deceptions, exploiting pain."
ReplyDeleteDamn, that man can write.
The KNOWING lies, yes. Yes, yes, yes. Let us not ever stop telling the rightwing frauds that not only do WE knowing they are lying, we know THEY know they are lying, too.
He speaks the truth. Unfortunately the truth no longer matters to many.
ReplyDeleteAndy's absolutely on the mark with his post. Consider what eight years of the Bush regime did with the surplus Clinton left, and how Bush set much of the right wing radical fringe with his "faith based initiatives" and other policies, it's clear President Obama deserves a lot more credit and respect than he's been given.
ReplyDeleteI have always liked his blog, and Andrew Sullivan's been on fire lately.