Election 2012 choices -- Blue dog or just plain crazy?

Moderate oligarchy

 
Extreme theocratic oligarchy

Don’t tell the mass media, but the presidential race for 2012 is turning out to be a terrible bore.  While we don’t yet know exactly who the Republicans will run, the basic outlines of our “choices” are already perfectly clear.  Hold your nose.

On the Democratic ballot we’ll have Barack Obama, once beguiling orator, who has again and again revealed himself to be the faithful representative of moneyed interests and spokesman for neoliberal (aka, moderate conservative) views of economics and policy.  Recently, a series of thoughtful, hard-hitting, revealing essays in the press and online have unmasked the smiling, hollow suit who convinced 2008 voters that he would be a progressive, “a transitional figure,” but who has shown very little of that.  At every opportunity he’s sided with Wall Street, the military-industrial complex, the medical insurance “industry,” and large, global corporations to continue what amounts to the looting and dismantling of the U.S. economy.  And there he is on TV again smiling and waving, praising the latest despicable “compromise.”  Sorry -- I’m not buying it.  

On the Republican ballot we will have one or another candidate from a group that Thomas Frank calls “the wrecking crew.”  These are folks, radical free market “reformers,” who want to repeal the fundamental social contract – concern for one’s fellow citizens -- that has held America together for several generations and to dismantle all forms of public support in education, health care, social security, job creation, environmental protection, and other crucial services.  Even more extreme than the Democrats, they believe that “business,” e.g., corporate power, is the only legitimate source for policy making.  What the Republicans add to the presidential campaign will be some nasty, nativist (covertly racist) cultural themes along with a strongly militaristic, rightward tilting, evangelical theocracy, mistakenly called “Christian.”  (The gentle, loving soul from Nazareth weeps from on high.)

Some choice, eh?   That's why I’ve decided not to offer the course, American Politics and Elections, I usually teach during election years.  The 2012 options presented the voters, especially young people, contain very little on the upside.   While our national politics now produces “change” of a purely negative kind, for the time being it’s run dry on any “hope” of improvement.   When the alternatives ranging from lame, to stupid, to horrifying, what’s to get excited about?  Why dignify this empty charade?  Other varieties of education and political action are urgently needed to resist rapidly spreading economic destruction and to explore the possibility of “rebuilding the American Dream.” Let's get busy with that work!

Yes, alas, I will vote (but not campaign) for Obama for three reasons: (1) the need to recognize the “Sophie’s choice” of the lesser of evils when that’s all we’ve got, while fighting for genuine alternatives in years to come; (2) the possibility that a blue dog’s choices for the Supreme Court might be better than Republican legal plutocrats who dominate  that flagrantly corrupt body; (3) the recognition that our system negates third parties at the presidential level.     

We'll have this recession thing fixed in no time!


The day after I stood cheering with a million and a half people standing in the Mall at Obama's inauguration, I walked to Capitol Hill to visit an old friend, a staff person for a Congressional committee.  "What do you think of Obama's prospects?" I asked.

"I think he's got a lot going for him," the fellow replied, "but his economic team -- Geithner, Bernanke, and Summers -- is very bad news.  They're full of the worst kind of advice for getting the country out of the recession." 

And so it was and so it continues.  At the beginning of his presidency I wondered why Obama's inner circle did not include the likes of Robert Reich or Joseph Stiglitz.  The answer is obvious.  Their advice would have questioned plain vanilla neo-liberalism (aka free market conservatism) that the administration has followed so slavishly, right to the point of "double dip," lost decade or worse.

Here are some of Stiglitz's latest thoughts on our predicament.

"Throughout the crisis – and before it – Keynesian economists provided a coherent interpretation of events. Pre-crisis, America, and to a large extent the world economy, was sustained by a bubble. The breaking of the bubble has left a legacy of excess leverage and real estate. Consumption will therefore remain weak and austerity on both sides of the Atlantic now ensures the state will not fill the void. Given this, it is not surprising that companies are unwilling to invest – even those that can get access to capital.  
....
When the recession began there were many wise words about having learnt the lessons of both the Great Depression and Japan’s long malaise. Now we know we didn’t learn a thing. Our stimulus was too weak, too short and not well designed. The banks weren’t forced to return to lending. Our leaders tried papering over the economy’s weaknesses – perhaps out of fear that if we were honest about them, already fragile confidence would erode. But that was a gamble we have now lost. Now the scale of the problem is apparent, a new confidence has emerged: confidence that matters will get worse, whatever action we take. A long malaise now seems like the optimistic scenario."

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I'm not an economist or presidential adviser.  But I do talk with lots of college students and parents who still expect their will be good, high paying jobs at the end of the pipeline, especially the STEM pipeline: Science, Technology, Engineering and Math -- the golden pathway to ...?

What should I tell them now?