Elusive Trope's picture

    Lions, Tigers and Shared Sacrifice - Oh No!

    There seems to be surprisingly little here in the past day on the continuing battle on the Potomac, so I thought I would throw this out there.

    From Obama's press conference:

    Now, what that would require would be some shared sacrifice and a balanced approach that says we’re going to make significant cuts in domestic spending.  And I have already said I am willing to take down domestic spending to the lowest percentage of our overall economy since Dwight Eisenhower.

    It also requires cuts in defense spending, and I’ve said that in addition to the $400 billion that we’ve already cut from defense spending, we’re willing to look for hundreds of billions more.

    It would require us taking on health care spending.  And that includes looking at Medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations.

    And it would require revenues.  It would require, even as we’re asking the person who needs a student loan or the senior citizen or people — veterans who are trying to get by on a disability check — even as we’re trying to make sure that all those programs are affordable, we’re also saying to folks like myself that can afford it that we are able and willing to do a little bit more; that millionaires and billionaires can afford to do a little bit more; that we can close corporate loopholes so that oil companies aren’t getting unnecessary tax breaks or that corporate jet owners aren’t getting unnecessary tax breaks.

    If we take that approach, then I am confident that we can not only impress the financial markets, but more importantly, we can actually impress the American people that this town can actually get something done once in a while.

    Now I know there were many on the Left (and such an assertion is an assumption on my part) that as soon as Obama used the phrase "shared sacrifice," they tuned out whatever he said after that.  And if they didn't they sure as heck did when he included Medicare as part of the discussion.

    In response to this I turn to Clarence B. Jones:

    Some Progressives in the Democratic Party need to take a refresher course in elementary arithmetic and remember the sage advice of former Senator Patrick Moynihan: "Everyone is entitled to their opinion; but, they are not entitled to their own set of facts." Reality must be faced: No meaningful deficit reduction over the next decade can occur without significant changes in the entitlement programs of Medicare and Medicaid. Such changes are essential for President Obama's proposal for a balanced package of shared sacrifice to be fiscally and politically credible.

    If this was the only national budget component whose funding was being considered as the basis for balancing the budget, then push back by Progressives that Obama is seeking to" balance the budget on the backs of senior citizens" would have some merit. But it is not. Shared sacrifice means cuts in defense and winding down the war in Afghanistan with its daily drain of valuable dollars we could otherwise apply to improving our education and investing in energy technology to end our dependence on Saudi oil.

    There are those who he say the People have sacrificed enough.  Just make the mega-corporation and the uberwealthy elites make the sacrifice.  Even if this was a possible successful strategy it (1) has no realistic path to reality in the current political landscape and (2) would address only short-term problems.

    After a lot of thought (for that is worth), I am with Obama that what we need to do at this point, aside from accepting the need to engage in sincere compromise, is to address both the short-term and long-term issues facing the country.  Part of the long-term is addressing the "collective understanding" of how we approach our budgetary priorities, how we view the role of government in the economy, and consequently how we view revenue and taxes.  We can't keep having this battle year after year, with the voters throwing this party out this year and that party out that year. 

    Shared sacrifice means restoring some sanity to how our government operates and the relationship between the citizen voters and their representatives.

    Jones wrote in another blog

    Wall Street and the auto industry bailout, healthcare reform, Iraq and Afghanistan, the "birthers," the Tea Party, Rush Limbaugh, Fox News, immigration, 9.1% (16% real) unemployment, "shellacking" 2010 Midterm Congressional elections, civil unions, same-sex marriage, al Qaeda, bin Laden, renewal of the Patriot Act, continued rising tide of home foreclosures, national debt and budget deficit, August 2, 2011 deadline for raising national debt limit, he is not "one of us," not a Christian, but an "in-the-closet" Muslim, "he has a European state of mind," the 24/7 blogosphere of criticism, and a respected TV commentator calling him, a "dick," etc, etc. Need I say more?

    So, Barack Hussein Obama, you wanted to be President of the United States?

    When I see and listen to President Obama, sometimes I think of those memorable words by the gospel hymn composer, James Cleveland, "Nobody told me the road would be easy. But, Lord, don't believe you brought me this far, just to leave me."

    History will record not only that Obama was the first African-American to be elected president of the United States, but that he was also president during a time when our nation was confronted with issues and problems of historic, if not unimaginable, magnitude.

    Neither Jones nor I believe Obama has gotten it completely right all the time.  Jones ends that same blog this way:

    In a speech in Iowa in last week, President Obama spoke about his desire to have more manufacturing in the U.S. Specifically, he mentioned wind turbine components as one of the things that should be made more in the U.S.

    GE Energy, a part of GE, whose chairman and CEO, Jeffrey Immelt, is head of the president's Council On Jobs and Competitiveness and Economic Recovery Advisory Board, buys most of their drive systems from offshore: mainly Europe (Moventas of Finland and others) and China-based (Nanjing Gear Company) suppliers. Hold on; something doesn't compute here.

    If Jeffrey Immelt and President Obama are committed to creating U.S. jobs, why can't they buy from a domestic company? Such a company, in turn could buy from American steel companies, creating thousands of U.S. jobs! This seems more in line with the president's domestic manufacturing agenda than having GE Energy continue to import gear boxes made with European and Chinese steel. Additionally, it would save GE Energy significant freight cost and reduce their carbon footprint of shipping these heavy components from around the world to the U.S.

    Hey, but what do I know? I just may be another one of those persons the White House describes as part of their "complaining base of supporters."

    But in the end, if we are all digging in our ideological heels (regardless of how much that ideology is inspired by real suffering), unwilling to put aside that there are some injustices ignored and some unfairness allowed, we are not going to move down the road to a place where we consistently address more and more injustices and unfairnness.  In other words, we need to have a little shared sacrifices for the common good in the long run.

    Comments

    I could pound out a list of grievances I have against the new repub legislators including those in my state.

    But even if this situation is eased in the next big election the corporate oligarchists will always be with us and they must be dealt with.

    I love this talk about how the top 1% on the economic ladder are to be referred to as job makers--sure they provide jobs to some Spanish or Italian Yacht manufacturers who get their parts from Indonesia...

    As far as corporations, they will always be with us...it is a corporate world. No frickin way are they going to be really reeled in, no frickin way are they going to be called on the carpet for antipatriotic activities, no frickin way are there going to be meaningful investigations of their activities, no frickin way are they going to be denied access to off shore tax havens.....

    But we live in a democracy/republic and if people vote against their own economic interests there is not one goddamn thing I can do about it!

    The Cantors and the Boehners and the McConnells will always be with us; the Bible thumpers like Bachmann and Palin will always be with us; the pro-family adulterers will always be with us and there is nothing I can do about that.

    But to spend most of one's time laying the blame on President Obama is a waste of energy in my humble opinion.

    The right is populated by goosesteppers and the left is a coalition of many, many different groups with divergent views.

    Oh well....


    The Cantors and the Boehners and the McConnells will always be with us; the Bible thumpers like Bachmann and Palin will always be with us; the pro-family adulterers will always be with us and there is nothing I can do about that.

    I don't if "the always be with us" is necessarily true.  If I did believe that then I basically would just give up.  The fact is that they are with us at this point in time in the history which we are living and we have to find a way to deal with this reality.  They are with us because this is a democracy/republic and some of our citizens want these folks to represent them.  The crux of the problem is how to work "with them" while working "against them."  Those who believe we can just go into 100% "against them" mode are naive in my opinion.  Sometimes Obama has been a little too "with them" and other times has been plenty "against them" given the realities of the political environment.

    Someday maybe future generations will look back and collectively shake their heads wondering how their ancestors could elect the Bachmanns and Cantors to represent them.  It is that which I look forward to.  And which I think still hangs out there as a (remote) possibility.

    To the extent that this a possibility is also the possibility that the corporate oligarchists will lose their grip (which is same grip that "wealthy elites" have had since they emerged between the Tigris and Euphrates).


    Once I was an idealistic white boy growing up in the 1940s/1950s South and looking forward to the day when racism would disappear and big-hair Baptist preachers wouldn't run the world.

    I'm still looking forward.


    Keep your eyes on the prize.


    But even if this situation is eased in the next big election the corporate oligarchists will always be with us and they must be dealt with.

    Is this how the corporate oligarchists are being "dealt with"?  And the "shared sacrifices" they are offering up would be...what, exactly?  Oh, that's right, those would be other peoples' sacrifices.  Again.  Notwithstanding what has been going on in this country for 30 years now.  I am pretty sure you agree with me on that part, anyway.

    I wish I could believe that, having brought the country to the brink, the radical GOP would accept what they will likely get out of this deal, relent, and be willing to operate in good faith going forward, where "compromise" re-enters their lexicon.

    Unfortunately, I find myself unable to really believe that.  Are you able to believe that is what will happen?  Or do you not see any alternatives?

    Where does this kind of policy movement stop?  Extreme behavior that recklessly endangers this country's economic future is being rewarded.  

    There are competing narratives of what is going on here.  Each has a version which invokes adult responsibility.  

    One narrative has a version of Obama as the adult, bravely and heroically brokering a compromise between two obstreperous, intransigent, and equally childish and illegitimate sides.  Folks who agree with this narrative accept austerity as desirable at this time, or as undesirable but unavoidable at this time.  

    The other narrative has a version which says the Republicans are acting like bullies, that unfortunately in life there are bullies and that what one must do as part of learning what it means to function in the adult world is that when one encounters them, one must stand up to them. Otherwise they will be back for more.  And more.  Some of those who agree with this narrative believe that austerity at this time will be counter-productive, that it will create even more unemployment and result in even greater deficits due to depressed demand and lower growth.  And that therefore, if we cannot have further stimulus until at early 2013 at the earliest, we should at any rate make matters even worse for ourselves by adopting an austerity package at this time.

    I understand the first view.  I don't happen to agree with it, but I understand it.  

    Do those who agree with the first view understand the second view?  

    I find myself having difficulty understanding how those holding the first view envision us digging out.  

    Is it that they don't think we will get worse unemployment, worse growth, and, soon enough, larger rather than smaller deficits, along with enormous additional pain suffered by those least able to bear it and least deserving of having to bear it?  Won't going down this road achieve just the kind of economy the Republicans dedicated to defeating Obama have dreamed about inflicting on the country for his re-election year?  Is it noble, admirable to, arguably, reduce one's chances for re-election (his approval ratings may very well go up in the short run after the deal is cut; in fact, I fully expect that to happen) while creating further harm and pain to the most vulnerable in a way that does nothing to address the country's need to get onto a job-creating growth path?  

    What is the economic theory, or at least reasoning, suggesting how austerity now can lead to stronger economic growth, given the facts, I would say to the estimable Sen. Moynihan were he alive, yes, the facts indicating conditions of depressed demand and corporations sitting on piles of cash they won't invest on that account?  

    Why is the austerity path not simply Herbert Hoover economic policy that didn't work 80 years ago and won't work today?  


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