By William Milberg, November 22nd, 2010
President Obama’s goal of “doubling exports over the next ten years” seems like a win-win in that it will boost employment and reduce the troubling U.S. trade deficit. At first glance, his position makes sense politically and economically. But there is a problem. Because of the globalization of production that U.S. companies have championed over the past 20 years, exports from sectors other than agriculture require a much higher level of imports than ever before. As a result, the job creation from expanding exports is much lower than it was in the 1980s and 1990s.
In economic terms, the President’s goal of doubling exports makes sense. Foreign demand is expected to be the fastest growing component of U.S. demand in the coming years. And other, domestic, sources of economic growth are less promising than they have been in the past.
We can’t consume our way out of our problems. Consumption demand is going through a long-term adjustment from the build up of consumer debt over the past ten years. Private investment also is not a likely singular basis for recovery. It stopped being the most dynamic source of U.S. economic growth years ago. With fear of a double-dip recession, lots of built-up excess capacity and still inexplicably tight credit, private investment spending is unlikely to be a driver of US economic growth. Government spending has been politically excluded by the bi-elections. Federal spending has grown rapidly over the period of economic crisis, but calls for deficit reduction mean that the kinds of increases we have seen in government spending over the last few years may not be politically feasible in the future.
That leaves the export sector. With the dramatic growth rates of the emerging markets — most prominently Brazil, India and China, — the potential for growth in U.S. exports is considerable.
A rapid doubling of exports also makes sense politically, since it relies on the spending power of foreigners not the U.S. government, and in this sense is a “free lunch.” Moreover, if export growth is blocked by tariffs or exchange rate manipulation, the source of the failure lies outside U.S. . . .
Read more: Will Increased Exports Lift the Economy?
By Jeffrey C. Goldfarb, November 5th, 2010
In my state, New York, thanks to the Tea Party favorite, Carl Paladino, Andrew Cuomo’s election as Governor was never in doubt. In Delaware, thanks to Christine O’Donnell, Chris Coons easily became Senator, when it seemed that he was likely to lose against a mainstream Republican. In Nevada, the Senate Majority Leader Harry Reid, who started and finished with low approval ratings, managed to be reelected, thanks to the Tea Party candidate, Sharron Angle. On the other hand, Marco Rubio in Florida, Ron Johnson in Wisconsin and Rand Paul in Kentucky each impressively were elected to the Senate, assuring that there will be a discernable taste of tea in that great deliberative body.
As Paul put it,
“They say that the U.S. Senate is the world’s most deliberative body. Well, I’m going to ask them, respectfully, to deliberate upon this. Eleven percent of the people approve of what’s going on in Congress. But tonight there is a Tea Party tidal wave and we’re sending a message to ’em.
It’s a message that I will carry with them on Day One. It’s a message of fiscal sanity It’s a message of limited, limited constitutional government and balanced budgets.” (link)
The language is ugly, but clear. The political discourse of the Senate is about to be challenged, and this is the body where the Republicans are in the minority. It will be even louder and clearer in the House, which I admit I find pretty depressing, both from the political and the aesthetic point of view. It’s going to be harder to actually deal with our pressing problems, and it’s not going to be pretty.
Indeed, it is in spheres of aesthetics and discourse that the Tea Party has been most successful. It’s not a matter actually of how many races Tea Party politicians won or lost. They won some and lost some, but from the beginning the Tea Party’s great success has been how it changed the public discussion about the pressing issues of the day. In my next post, I will discuss this more fully, comparing the Tea Party with the Solidarity Movement in Poland, . . .
Read more: Rand Paul and the Tea Party go to Washington
By Jeffrey C. Goldfarb, November 4th, 2010
For the Republicans, the election returns indicate a clear mandate, the repudiation of the policies of the Obama Administration and the Democratic Congress. This was boldly expressed in the joint press conference of Representative John Boehner, Senator Mitch McConnell and Governor Haley Barbour. For the Democrats, the results of the election are humbling, indicating the need for bi-partisanship, as the President spoke about yesterday in his press conference. Was this just opposing tactical responses to the returns? I don’t think so. In fact, I believe that it is the President who is responding to the change the voters believe in, while the Republicans are misreading the election results.
The Republicans were combative:
Senator Mitch McConnell:
We’ll work with the administration when they agree with the people and confront them when they don’t. Choosing — I think what our friends on the other side learned is that choosing the president over your constituents is not a good strategy. There are two opportunities for that change to occur. Our friends on the other side can change now and work with us to address the issues that are important to the American people, that we all understood. Or further change, obviously, can happen in 2012.
Governor Haley Barbour:
On behalf of the Republican governors, while governor’s races may be thought of as being separate or very different from what’s going on in Washington, in this case, even in governor’s races, this election was a referendum on Obama’s policies. And the policies of the Obama administration, the Pelosi-Reid Congress were repudiated by the voters.
Representative John Boehner:
Listen, I believe that the health care bill that was enacted by the current Congress will kill jobs in America, ruin the best health care system in the world, and bankrupt our country. That means that we have to do everything we can to try to repeal this bill and replace it with commonsense reforms that’ll bring down the cost of health insurance.
The President was conciliatory:
Over the last two years, we’ve made progress. But, clearly, too many Americans haven’t felt that progress yet, and they told us that yesterday. And . . .
Read more: Voters have Demanded a Change, Again
By Jeffrey C. Goldfarb, November 3rd, 2010
The Republicans won. The Democrats lost. Obama faces a significant challenge to his leadership. The Tea Party has come to town. Politics in the Capital are about to become very interesting. The political scene has changed. Now we must deliberately consider: what the play will look like, who the actors will be, what will be their roles, how will they play them, and are we in for a comedy or tragedy. Some initial food for thought using Alexis de Tocqueville as our guide.
Tocqueville in the 1830s described two types of political parties, great political parties and small political parties. He explained:
“What I call great political parties are those that are attached more to principles than to their consequences; to generalities and not to particular cases; to ideas and not to men. These parties generally have nobler features, more generous passions, more real convictions, a franker and bolder aspect than others. Particular interests, which always plays the greatest role in political passions, hides more skillfully here under the veil of public interest…
Small parties, on the contrary, are generally without political faith. As they do not feel themselves elevated and sustained by great objects, their character is stamped with a selfishness that shows openly in each of their acts. They always become heated in a cool way; their language is violent but their course is timid and uncertain. The means that they employ are miserable, as is the very goal they propose for themselves. Hence it is that when a time of calm follows a violent revolution, great men seem to disappear all at once and souls withdraw into themselves.
Americans have had great parties; today they no longer exist: it has gained much in happiness, but not in morality.” (link)
Tocqueville thought that the fundamental principles of American political life were established in the great debates between the Democratic – Republicans and the Federalists, between Jefferson, Hamilton, et.al, and that once the order was set, politics would be of a more mundane sort about dividing the spoils and . . .
Read more: The Results Were Expected
By Jeffrey C. Goldfarb, November 2nd, 2010
As we go to the polls today, there is the likely outcome, a significant Republican victory, and there is the possibility of the surprise finish, more muted Republican gains. Times are tough, and people are thus looking for changes in their political representation, but despite this, indeed, because of it, to the end, Obama fought against the apparently inevitable. In the climax of his fight, he explained his position:
“Around the country I’ve been trying to describe it this way. Imagine the American economy as a car. And the Republicans were at the wheel and they drove it into a ditch. And it’s a steep ditch, it’s a deep ditch. And somehow they walked away.
But we had to go down there. So me and all the Democrats, we put on our boots and we repelled down into the ditch. (Laughter.) And it was muddy down there and hot. We’re sweating, pushing on the car. Feet are slipping. Bugs are swarming.
We look up and the Republicans are up there, and we call them down, but they say, no, we’re not going to help. They’re just sipping on a Slurpee — (laughter) — fanning themselves. They’re saying, you’re not pushing hard enough, you’re not pushing the right way. But they won’t come down to help. In fact, they’re kind of kicking dirt down into us, down into the ditch. (Laughter.)
But that’s okay. We know what our job is, and we kept on pushing, we kept on pushing, we kept on pushing until finally we’ve got that car on level ground. (Applause.) Finally we got the car back on the road. (Applause.) Finally we got that car pointing in the right direction. (Applause.)
And suddenly we have this tap on our shoulder, and we look back and who is it?
AUDIENCE: Republicans.
THE PRESIDENT: It’s the Republicans. And they’re saying, excuse me, we’d like the keys back.
AUDIENCE: No! (link)
D.C. reader, Eric Friedman, reported in a reply to my last post that his son heard these words on the Midway at the University of Chicago and found . . .
Read more: After Sipping on a Slurpee, Republican Victory Still Likely
By Jeffrey C. Goldfarb, October 31st, 2010
Barack Obama, Storyteller in Chief, has been going around the country making clear what he thinks the choice is in the upcoming election: the Republican position that government is the problem not the solution versus the Democratic position that good governance can matter. As I examined in my last post, he is telling his version of the American story, supporting specific candidates and promoting specific policies, but also giving his account of the recent past and his imaginative understanding of what the alternatives are in the near future. The specifics are interesting.
In Boston, supporting Governor Deval Patrick, the emphasis was on the economy and the kinds of tax cuts and public support that would benefit working people, the emphasis of all his speeches, but then a group in the audience called out: “Fight global AIDS! Fight global AIDS!” And the President improvised around his central theme:
And if they [the Republicans] win in Congress, they will cut AIDS funding right here in the United States of America and all across the world. (Applause.) You know, one of the great things about being a Democrat is we like arguing with each other. (Laughter.) But I would suggest to the folks who are concerned about AIDS funding, take a look at what the Republican leadership has to say about AIDS funding. (Applause.) Because we increased AIDS funding.
He was highlighting a distinctive position that Democrats share in contrast to their Republican opponents, public investment can contribute to the common good, especially in difficult times. And he makes his basic argument by citing the greatest of Republican authorities. (link)
But in the words of the first Republican President, Abraham Lincoln, we also believe that government should do for the people what they cannot do better for themselves. (Applause.) We believe in a country that rewards hard work. We believe in a country that encourages responsibility. We believe in a country where we look after one another; where we say I am my brother’s keeper; I am my sister’s keeper. That’s the America we know. That’s the choice . . .
Read more: Obama Hits the Stump for 2010 Candidates
By Jeffrey C. Goldfarb, October 30th, 2010
He told his story at the Democratic Convention in 2004 and became a national figure. This story, supplemented by his two books and some other good speeches, and Barack Obama became President. Too simple an account, surely, but Obama’s storytelling has been a key part of his political ascent. He was elected as “The Storyteller in Chief.”
This has led to some frustration. He can’t talk our way out of a major economic crisis, and he has had difficulty convincing his opponents and the general public that a balanced budget is not a rational answer to a severe financial crisis and deep economic recession. Further, he can’t convince real enemies abroad to accept American priorities, although he has improved attitudes towards our country around the world. And even more politically damaging, he can’t convince his political opposition to work with him, when they calculate that it is not in their narrowly conceived interests. Producing meaningful bipartisan legislation is a goal, but practical political calculation can and has stood in the way.
Now, the Story Teller is fighting back on the campaign trail. The fight started in a speech on Labor Day in Milwaukee presenting his basic themes, as I analyzed in an earlier post. Obama then extended the themes to specific circumstances, starting by going down the road a bit to Madison, Wisconsin, also analyzed here. He has since traveled from coast to coast delivering the message he introduced in the Wisconsin speeches. As he gives each speech, he is attempting to rally the troops, to energize his base, but he is also presenting different elements of his understanding of the political situation and his political vision and policy actions, telling the story of the last two years as he understands and feels about it, setting the terms of our politics for the next two.
The general theme: he dispassionately explains that when he became President Americans faced a severe crisis. He had thought and hoped that the Republicans and Democrats in Washington would work together to address this crisis. But the Republicans decided to play crass politics. . . .
Read more: Obama: “Storyteller in Chief”
By Jeffrey C. Goldfarb, October 24th, 2010
As we are critical of the paranoid style of politics, as I am concerned that the worst elements of the American populism and demagoguery are being mainstreamed in our political life, I recall that this is a reaction to a major trend that many of us have experienced directly and meaningfully, including me.
Even as we are bombarded by crazy assertions that the American President is not an American citizen and that he is a secret Muslim, we need to recall that this sort of paranoia is reactionary. It’s a response to an American triumph, the American people elected an African American, Barack Hussein Obama, to be President of the United States. Even as his popularity waxes and wanes, he is our President. We elected him by not succumbing to fears and hatreds, revealing our better selves. This triumph goes beyond our evaluation of President Obama’s job performance. It stands as a challenge to those who work to revive a politics of fear of the different. It challenges those who speak about “taking their country back.”
I came to know the dimensions of the triumph, along with my fellow citizens, on the night of the Iowa Caucuses and the day after. Obama won in an overwhelmingly white state. The previously excluded was chosen, and the seriousness of Obama’s candidacy was clearly revealed.
The next day when I went for a swim at the Theodore Young Community Center (link), I saw how my African American friends, the whole gang, but especially the center of the social circle, Beverly McCoy, finally came to believe that I wasn’t crazy in thinking that Obama had a chance. In our community center, we started thinking differently about our country. I stopped being the naïve Jewish Professor. Perhaps, I was instead a realist. Together, we realized that we may live in a better country than we had imagined the day before. I think that we started looking at each other differently. We more openly spoke about race, about our fears and hopes, about being black and white, Jewish and Christian, . . .
Read more: Against Paranoia
By Daniel Dayan, October 10th, 2010
Daniel Dayan is a French sociologist and an expert in media. -Jeff
Once, I heard an American journalist condemn Fox News. The condemnation was deserved, in my opinion. However, the argument meant to justify it was frightening. Why – did the journalist ask – should Fox News be allowed to exist while its position contradicts that of all other American journalistic institutions?
In my view this journalist was not attacking Fox News. He was challenging the very possibility of debate. He was pointing to a consensus and requiring that dissenting voices be silenced. Obama was perfectly right in stressing that they should not (while still being critical of their position in a Rolling Stone article. Obama’s point is essential to the very existence of a democratic pluralism. Obama was no less correct in noting: “We’ve got a tradition in this country of a press that oftentimes is opinionated.” This tradition is also ingrained in European journalistic traditions, and, in particular, in the French.
Interestingly, it is not this tradition that retained the attention of some of the most radical media critics. (I am thinking of such thinkers as Roland Barthes or Stuart Hall.) For them, the real danger lies not with those media discourses that flaunt their ideological positions, hoist their flag, advance in fanfare, scream their values. Such discourses are unmistakeably partisan. They are too strident not to be instantly spotted .
The real danger is with these other discourses that are so persuasive that they can be conflated with “reality.” It lies with discourses that seem neutral, balanced, fair, often intelligent . The real danger is with discourses that seem “self evident.” Such an evidence – present in the consensus that the journalist in my first paragraph pointed to — speaks of the power enjoyed by those groups who become the “primary definers” of the social world (Hall); of the power of constructing reality, of multiplying ‘effects of real‘ (Barthes); of the power that stems from ideology, understood not as a discrete doctrine, but as an almost spontaneous “way of seeing“ (a spontaneity that begs, of course, to be deciphered).
I . . .
Read more: Voice of Dissent Should Always Be Welcome in Debate
By Jeffrey C. Goldfarb, October 8th, 2010
Neil Postman was a famous media critic. He thought that the problem with television was not its content but its formal qualities as a medium. It presented a clear and present danger. Because of it, we were Amusing Ourselves to Death. In thinking about the role of television in contemporary politics, specifically as it is facilitating new kinds of major media events, I am struck by the fact that television’s effects may be quite the opposite, when it amuses us, it gives life. When it is deadly serious, it is just that, deadly. I am having these dark thoughts thinking about Glenn Beck, John Stewart and Steven Colbert, and their respective demonstrations on American sacred ground, the Washington Mall, between the Washington and Lincoln Memorials.
Glenn Beck
Glenn Beck’s Restoring Honor Rally, held on the Washington mall, with speakers on the steps on the Lincoln Memorial, was seen as a serious event, an abomination for those who were pained by the hijacking of the legacy of one of the great mass demonstrations in American history held on the same place, on the same day of the year, forty seven years ago, the March on Washington for Jobs and Freedom, highlighted by “The I Have a Dream” speech by Martin Luther King Jr. But viewed from the right, even from a skeptical conservative observer such as Ross Douthat of The New York Times, it was an encouraging development, affirming important cultural values, showing that the right was “free of rancor, racism or populist resentment, the atmosphere at the rally resembled that of a church picnic or a high school football game.” (link) Of course, on Fox the enthusiasm, the celebration, was less restrained.
Stewart and Colbert
On the other hand, the planned Rally to Restore Sanity, promoted by John Stewart, and the “counter demonstration,” the March to Keep Fear Alive, promoted by Stephen Colbert, are clearly meant to be funny, and there is truth in packaging, since both of the principals work for the cable network, Comedy Central. But it is being taken seriously. Arianna Huffington, . . .
Read more: Amusing Ourselves to Life
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