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eftychia: Me in kilt and poofy shirt, facing away, playing acoustic guitar behind head (Default)
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QotD

posted by [personal profile] eftychia at 05:25am on 2010-11-15

"[...] For no matter your view of President Obama, he effectively saved capitalism. And for that, he paid a terrible political price.

[list of stuff Obama has done]

"Interest rates are at record lows. Corporate profits are lighting up boardrooms; it is one of the best years for earnings in a decade.

"All of the above is good for capitalism, and should end any serious-minded discussion about Obama the socialist. But more than anything, the fact that the president took on the structural flaws of a broken free enterprise system instead of focusing on things that the average voter could understand explains why his party was routed on Tuesday. Obama got on the wrong side of voter anxiety in a decade of diminished fortunes."

-- Timothy Egan, 2010-11-02 in The New York Times

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(no subject)

posted by [identity profile] acroyear70.livejournal.com at 12:34pm on 2010-11-15
"It's the jobs, stupid" (quoted in various sources). "Saving Capitalism" did not do anything to actually increase the number of jobs available (though admittedly, it did hold the losses from getting to be far worse), and that is the uncertainty that cost the election. When everything he passed had a time-delay on it such that nobody would feel the effects until long after (the health care? 2014 'til "pre-existing condition" becomes a thing of the past. Senior citizen medical changes? 2020.) it might as well not exist.

When FDR passed something, you knew it passed, as people were moving to make it happen the very next day.
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holzman_tweed: (Default)

(no subject)

posted by [personal profile] holzman_tweed at 03:04pm on 2010-11-15
Mr. Egan confuses "capitalism" with the current round of capitalists, much in the way certain other people confuse "saving the earth" with "saving the people who need the earth's physical and chemical characteristics to remain largely as they are now." Capitalism was never at risk.

And also a big hearty "fuck you" to Mr. Egan's condescension about what the average voter can understand. The average voter understood perfectly well that they weren't who was getting saved.
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