Showing posts with label Jonathan Chait. Show all posts
Showing posts with label Jonathan Chait. Show all posts

Did Obama

mislead the public in order to elect him?

I have to laugh at the idea the commentators on the right are complaining Obama campaigned as a moderate but is governing like a flaming socialist. Actually, the media made damned sure Obama's positions were not really clear. There were those of us who thought he was a flaming neoliberal and are not disappointed he has often acted as one.

A leftist he is not.

Obama Has Enough Problems

without Democrats in his own party trying to screw up things.

One of the chief offenders is Senator Ben Nelson of Nebraska, and the reasons are obvious:

The most emblematic objection has come from Nelson, who is balking at Obama's plan to save money on college loans. You might suppose that a fiscal conservative like Nelson would agree with Obama's plan to save $4 billion on a social program. But he does not, for reasons that provide a useful window into the rot afflicting the congressional Democratic Party.

For many years, the federal government supported college education by guaranteeing bank loans to students. If a student defaulted on his loan, Washington would simply pay back the difference. In 1993, Clinton undertook to reform the program by cutting out the middlemen and simply having the federal government issue the loans directly. Clinton hoped to save money for the government and plow some of those savings into lower interest rates for students. Of course, private lenders who benefitted from the no-risk profit stream balked and forced a compromise whereby both kinds of loans--guaranteed private loans, and direct loans from the government--would exist side by side.

Recent years have shown beyond a doubt that the direct lending program works better. Every independent analysis--by the Congressional Budget Office, by the Office of Management and Budget under each of the last three presidents, and by the New America Foundation--has found that direct lending is cheaper. The guaranteed-loan program managed to cling to life through its congressional patrons and through simple graft. In 2007, a major student-loan scandal emerged when it turned out that private lenders paid off college administrators to drop out of the direct lending program and steer students to them.

Obama thus proposes to save the taxpayers more than $4 billion per year by ending the guaranteed loans. This is as straightforward a case as you can find of a fight between special interests and the public good. Nelson opposes it because one of the lenders that benefits from federal overpayments is based in Lincoln, Nebraska.


It isn't just Ben and it isn't just Democrats; politicians in BOTH political parties are on the take from corporate interests and refuse to do anything to help people.

The Senate is a HUGE obstacle. There is a problem with the GOP filibustering or threatening filibustering, and then you have these "blue dog" Democrats who have more power than they should have, so therefore no matter what Obama does, it isn't going to be enough. The "blue dogs" threaten to fuck everything up.

There really is no sense of cohesiveness among Democrats. Chait gives the reader a good history lesson on why this is so.

I Am Not Sure

voters will put the GOP back into power in 2012, now that they realize the GOP is responsible for the economic mess in the first place.

That is what Limbaugh and his ilk are hoping for, but wishing ain't getting.

More Helms

The problem with Jonathan Chait's brief complaint by the "conservative" whitewashing of Jesse Helms' bigotry is if it were for the racism he spewed, he would NEVER have been elected to the United Senate in the first place.

It was racism that got him there, and it was the Republican Party's acceptance of Helms' racism for which he will be largely remembered.

Jonathan Chait

is deeply, deeply concerned about Obama being called a "flip-flopper," which in fact he is, but Chait is extremely concerned the truth will damage him.

Actually it is less that than it is Obama simply can't be trusted with being a real Democrat. Especially considering he surrounds himself with privatizers and neocons.

That and the DNC/GOP/media axis having thwarted the voters' will is why I refuse to vote for him.

Jonathan Chait

shows that the right has to find "ideological" reasons to split with our dictator over Iraq rather than the fact that it has been a failure because of reports that it is a mess.

Republicans Love

politicians who talk a good line of tough talk, but these politicians don't display a lot of political acumen.

The Netroots

can still be called the nutroots.

I'm afraid Chait wins hands down in round two against Yglesias, who is a thoughtful writer but is often wrong, like another blogger who hit the semi-big leagues, Kevin Drum.

Featured Post

Crater Lake National Park Photos 1

 Here are a few pictures I took at Crater Lake National Park in southern Oregon today, including a couple of them from the historic lodge: