Bush ignored the supposed inviolability of nation-states with his invasion of Iraq. Obama believes that we should “spread the wealth around” and is attempting to do so through health care reform, agitating to no end those who believe in the sacredness of individual property. How could these two phenomena be connected?
The nation-state system and the ideology of individualism are codependent in many ways. The illusion of the atomized individual sustained itself as long as global politics forced individualistic societies to bind together in the confrontation of collectivist and/or repressive regimes.
Bush correctly discerned that the system of international law not protect the country in an age of easy travel and transportable, highly destructive technology, and committed non-nation state actors. He undermined the preexisting global order in the face of a real security need.
Obama correctly discerns that, in the wake of the general acceptance of the economic power of individualism and in the absence of a viable ideological alternative (whether, as you would have it, due to Bush’s attack on radical Islam or due to its inherent nihilism), he must confront the social malaise that individualism sometimes creates. Struggle with communism, for instance, can no longer provide an individualistic halo for the reform of education, infrastructure, or social insurance.
The post-national world, emerging slowly for now, presents a new matrix for security decisions and new social challenges to individualistic democracies. Naturally, national governments are a crude tool for managing their own (again, perhaps very gradual) retreat into obsolescence. Nonetheless, it is inevitable, and at times, useful, that they attempt to do so. It is no surprise that confusion reigns in the meantime.
Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts
Thursday, October 15, 2009
Tuesday, September 15, 2009
The Future of Our Political Parties
I predicted, after 9/11, that the political parties in the US would fundamentally reconstitute themselves. 9/11 demanded an acknowledgment of an interconnected world in which the political organization of other countries, as well as non-Americans’ perceptions of us, were to be of vital consequence.
Bush won the day because he was the only one to present a coherent argument for American engagement in a connected world: Namely, America must reshape the world in its own image.
Obama’s argument for pragmatic flexibility, paired with his symbolic internationalism, gave heft to vague calls made by John Kerry in 2004 for ‘multilateralism;’ working with, and learning from, the rest of the world was now an affirmative act of engagement rather than a retreat from American principles: We were to engage the world with a willingness to adapt. This argument, of course, resonated more strongly in the absence of the perception of immediate threats from terrorists.
The economic crisis of the past year, too, supported Obama’s argument for increased American flexibility: how could we claim to know what is best for the entire world when our cherished capitalist system was mired in such a quandary?
Finally, Obama’s careful management of the Iraq and Afghanistan conflicts, not in accord with the speedy withdrawals originally called for during the Democratic primaries, has robbed the Republican Party, even further, of a potentially affirmative, internationalist message: that of the United States bringing democracy to the world. The GOP’s impulse to take on the world reverts, accordingly, to a shallow xenophobia and isolationism.
Bush and Obama share (and the fact of their sharing anything is surely disturbing to many) a conviction that the world is increasingly intertwined. Each built a political persona based on that idea. All those who reject contending with this emerging reality are left to make increasingly ideological claims with little empirical backing and to entertain the least reality-based members of their political tribe. It is clear which party follows these patterns today.
If Obama leads the Democrats to a principled, if much more cautious and less violent, promotion of democracy around the world, and couples it with enhanced American flexibility on a range of other international issues, the Democrats will have stolen the center for a good time to come. Few constructive messages for the GOP will therefore remain and the party will accordingly continue to wither.
Bush won the day because he was the only one to present a coherent argument for American engagement in a connected world: Namely, America must reshape the world in its own image.
Obama’s argument for pragmatic flexibility, paired with his symbolic internationalism, gave heft to vague calls made by John Kerry in 2004 for ‘multilateralism;’ working with, and learning from, the rest of the world was now an affirmative act of engagement rather than a retreat from American principles: We were to engage the world with a willingness to adapt. This argument, of course, resonated more strongly in the absence of the perception of immediate threats from terrorists.
The economic crisis of the past year, too, supported Obama’s argument for increased American flexibility: how could we claim to know what is best for the entire world when our cherished capitalist system was mired in such a quandary?
Finally, Obama’s careful management of the Iraq and Afghanistan conflicts, not in accord with the speedy withdrawals originally called for during the Democratic primaries, has robbed the Republican Party, even further, of a potentially affirmative, internationalist message: that of the United States bringing democracy to the world. The GOP’s impulse to take on the world reverts, accordingly, to a shallow xenophobia and isolationism.
Bush and Obama share (and the fact of their sharing anything is surely disturbing to many) a conviction that the world is increasingly intertwined. Each built a political persona based on that idea. All those who reject contending with this emerging reality are left to make increasingly ideological claims with little empirical backing and to entertain the least reality-based members of their political tribe. It is clear which party follows these patterns today.
If Obama leads the Democrats to a principled, if much more cautious and less violent, promotion of democracy around the world, and couples it with enhanced American flexibility on a range of other international issues, the Democrats will have stolen the center for a good time to come. Few constructive messages for the GOP will therefore remain and the party will accordingly continue to wither.
Labels:
democracy,
Democrats,
economic crisis,
Obama,
Republicans
Tuesday, September 01, 2009
Why are there More Independents this Year?
Why did the numbers of independents surge this year? Because neither the Right nor the Left could provide satisfactory answers to the economic crisis: Capitalism, it seemed, could not be left to its own devices without resulting dramatic social repercussions. On the other hand, a nation bridled with great debt could not be depended on to spend its way out of crisis.
The Democrats are ignoring the debt crisis of the future by acting as if spending is the salve for all social wounds. The Republicans are ignoring the financial crisis of last year by blaming Obama for all government actions, including those initiated by Bush; instead, they choose to increase the shrillness of their rhetoric.
The economic crisis did demonstrate that government spending is sometimes necessary to ‘right the national ship.’ But our looming debt should remind us that such spending must be, in the vast majority of cases, a carefully considered economic investment.
The ideologies of the past must give way to a more pragmatic approach to spending and investment that acknowledges the tremendous, but not infinite, power of individualism to drive national growth.
The Democrats are ignoring the debt crisis of the future by acting as if spending is the salve for all social wounds. The Republicans are ignoring the financial crisis of last year by blaming Obama for all government actions, including those initiated by Bush; instead, they choose to increase the shrillness of their rhetoric.
The economic crisis did demonstrate that government spending is sometimes necessary to ‘right the national ship.’ But our looming debt should remind us that such spending must be, in the vast majority of cases, a carefully considered economic investment.
The ideologies of the past must give way to a more pragmatic approach to spending and investment that acknowledges the tremendous, but not infinite, power of individualism to drive national growth.
Labels:
Democrats,
economic crisis,
financial crisis,
Obama,
Republicans
Wednesday, June 10, 2009
The Truth
Tm Friedman:
While the Lebanese deserve 95 percent of the credit for this election, 5 percent goes to two U.S. presidents. As more than one Lebanese whispered to me: Without George Bush standing up to the Syrians in 2005 — and forcing them to get out of Lebanon after the Hariri killing — this free election would not have happened. Mr. Bush helped create the space. Power matters. Mr. Obama helped stir the hope. Words also matter.
Thursday, March 12, 2009
Reasons to Worry
David Smick in the Washington Post:
David Ignatius in the Post:
Pity Barack Obama's economic advisers. The blogs are now demanding their scalps, and Treasury Secretary Tim Geithner and his colleagues face a nasty dilemma: There are no solutions to the banking crisis without extraordinary political and financial risks. Thus, they have adopted a three-pronged approach, delay, delay, delay, in the hope that somebody comes up with a breakthrough.
David Ignatius in the Post:
We're still in the Neville Chamberlain phase when it comes to the economic crisis. The government is talking about sacrifice and solutions, but it hasn't yet made the tough decisions that will put the economy back together.
Labels:
economic crisis,
finance,
financial crisis,
Obama,
US economy
Thursday, January 29, 2009
International, International, International
The most fundamental aspect of the current crisis is its international nature. Essentially, huge seas of capital are sloshing around the world and creating great instability in the process. Trust in financial markets is hurt by the general instability and the particular abuses.
Carefully designed international regulations could increase transparency and accountability without squelching capital movement dramatically. The problem is that, when one country imposes such controls, capital can move to another country with great speed. International coordination is clearly desirable. Unfortunately, there is not enough trust for that either.
Robert Samuelson identifies the three layers of the crisis (consumer, finance, and international trade) that must be solved simultaneously. The current US government responses focus on the first two problems. On the third, there is little intelligent government response. In fact, we are likely to see increased protectionism, such as through the "Buy America" steel provision in the recent stimulus package.
The Obama interest in infrastructure development is a good first step towards addressing the need to be internationally competitive but we will not have addressed the challenges, and opportunities, of our economic moment until we look more seriously at international financial and economic structures.
Carefully designed international regulations could increase transparency and accountability without squelching capital movement dramatically. The problem is that, when one country imposes such controls, capital can move to another country with great speed. International coordination is clearly desirable. Unfortunately, there is not enough trust for that either.
Robert Samuelson identifies the three layers of the crisis (consumer, finance, and international trade) that must be solved simultaneously. The current US government responses focus on the first two problems. On the third, there is little intelligent government response. In fact, we are likely to see increased protectionism, such as through the "Buy America" steel provision in the recent stimulus package.
The Obama interest in infrastructure development is a good first step towards addressing the need to be internationally competitive but we will not have addressed the challenges, and opportunities, of our economic moment until we look more seriously at international financial and economic structures.
Tuesday, January 27, 2009
Clear and Principled
Obama to Al-Arabiya:
I have to say that I am excited and hopeful about Obama's pending visit to, and speech in, a Muslim capital.
And my job is to communicate to the American people that the Muslim world is filled with extraordinary people who simply want to live their lives and see their children live better lives. My job to the Muslim world is to communicate that the Americans are not your enemy. We sometimes make mistakes. We have not been perfect. But if you look at the track record, as you say, America was not born as a colonial power, and that the same respect and partnership that America had with the Muslim world as recently as 20 or 30 years ago, there's no reason why we can't restore that. And that I think is going to be an important task.
I have to say that I am excited and hopeful about Obama's pending visit to, and speech in, a Muslim capital.
Sunday, January 25, 2009
Dear Dr. Krugman
I may not be a Nobel Laureate but I think that I can explain Obama's speech to Paul Krugman.
Krugman writes:
Obama's perspective entails:
1) holding the purchasers of subprime mortgages to account for their decision-making
2) at the same time, implying that such debacles of overleveraging are bound to happen in an unequal society, i.e. the poor are likely to overspend to try to keep up, at least, with the middle class
3) supporting the poor in their ambitions by developing new opportunities for them make economic contributions
4) recognizing that such 'opportunity development' is especially crucial when economic structures change (viz. globalization, the decline of American industry, the growth of the information economy)
It's a complex view that makes room for both individual responsibility and acknowledgment of social tendencies. Or, like others, I have simply divined in Obama's spacious words the perspective that I, myself, hold.
Krugman writes:
Thus, in his speech Mr. Obama attributed the economic crisis in part to “our collective failure to make hard choices and prepare the nation for a new age” — but I have no idea what he meant. This is, first and foremost, a crisis brought on by a runaway financial industry. And if we failed to rein in that industry, it wasn’t because Americans “collectively” refused to make hard choices; the American public had no idea what was going on, and the people who did know what was going on mostly thought deregulation was a great idea.
Obama's perspective entails:
1) holding the purchasers of subprime mortgages to account for their decision-making
2) at the same time, implying that such debacles of overleveraging are bound to happen in an unequal society, i.e. the poor are likely to overspend to try to keep up, at least, with the middle class
3) supporting the poor in their ambitions by developing new opportunities for them make economic contributions
4) recognizing that such 'opportunity development' is especially crucial when economic structures change (viz. globalization, the decline of American industry, the growth of the information economy)
It's a complex view that makes room for both individual responsibility and acknowledgment of social tendencies. Or, like others, I have simply divined in Obama's spacious words the perspective that I, myself, hold.
Friday, January 23, 2009
Hegel, Democrats, Republicans, Obama(, and the Financial Crisis)
Hegel wrote of a the distinction between the business/manufacturing class (somewhat arcanely referred to as the 'reflective class') and the 'universal' class, constituted of civil servants and others whose professional work demands a broad social perspective.
It is not too difficult to argue, I think, that the Democrats are led by the 'universal class' and the Republicans have tended to be led by Hegel's 'reflective class,' which I will refer to as the 'creative class.'
The crisis in Republican leadership is a result of the fact that the new leading creators tend to have an increasingly universal perspective. This is due to the increasing importance of human capital, which puts the onus upon industry leaders to be more aware of the social investments necessary for their continued prosperity. The future course of the Republican party is unclear so long as Democrats are able to seize the ground where 'universal' meets 'creative.' Obama does this intuitively.
Also: The government purchase of large parts of the economy is a recognition of the increasing importance of addressing universal concerns (i.e. social stability) in the face of pulsating flows of international capital. This is a further manifestation of the same phenomenon as that described above.
It is not too difficult to argue, I think, that the Democrats are led by the 'universal class' and the Republicans have tended to be led by Hegel's 'reflective class,' which I will refer to as the 'creative class.'
The crisis in Republican leadership is a result of the fact that the new leading creators tend to have an increasingly universal perspective. This is due to the increasing importance of human capital, which puts the onus upon industry leaders to be more aware of the social investments necessary for their continued prosperity. The future course of the Republican party is unclear so long as Democrats are able to seize the ground where 'universal' meets 'creative.' Obama does this intuitively.
Also: The government purchase of large parts of the economy is a recognition of the increasing importance of addressing universal concerns (i.e. social stability) in the face of pulsating flows of international capital. This is a further manifestation of the same phenomenon as that described above.
Thursday, January 22, 2009
How We Will Really Get to Know Obama
John F. Harris and Jim VandeHei present a series of excellent questions about Obama:
[and more about surveillance, unions, Darfur, and the Left . . .]
The stirring rhetoric witnessed on the campaign trail and in Tuesday’s inaugural address is laced with spacious language — flexible enough to support conflicting conclusions about what he really believes.
Only decisions, not words, can clarify what Obama stands for. Those are coming soon enough.
Until then, here are the questions still left hanging as the Obama administration begins:
DOES HE REALLY THINK AFGHANISTAN IS WINNABLE? . . .
DO DEFICITS MATTER? . . .
HOW FAST IS TOO FAST IN IRAQ? . . .
[and more about surveillance, unions, Darfur, and the Left . . .]
Wednesday, December 03, 2008
Foreign Policy Prediction
Obama's cool veneer on foreign policy issues still hasn't been matched by a convincing agenda: "Be gentler and wiser." does not a strategy make, even when paired with a great deal of detailed knowledge.
I have enough confidence in Obama to believe that he is capable of coming around to a progressive, but realistic strategy. The question is: How much pain will intervene? Furthermore, foreign policy difficulties could be the specter that haunts the Obama administration: It all depends on Obama's learning curve and the pace of world events.
My prediction is that Obama will eventually come around to a global stabilization policy that rests on stronger concerted action between democracies. He could certainly accomplish this, if he wished to, while maintaining the least combative stance possible towards authoritarian regimes.
My instincts tell me that Obama's conciliatory nature, and Democratic biases, will lead him to favor gentle diplomacy with rogue regimes. I suspect that this will bear some fruit but that it will also encourage some destabilization: some nations will be encouraged by Obama's caution. The logic of democratic convergence will eventually make itself clear and Obama will be capable of discerning as much. Will it be too late for him? I hope and suspect not but cannot rule out the possibility.
I have enough confidence in Obama to believe that he is capable of coming around to a progressive, but realistic strategy. The question is: How much pain will intervene? Furthermore, foreign policy difficulties could be the specter that haunts the Obama administration: It all depends on Obama's learning curve and the pace of world events.
My prediction is that Obama will eventually come around to a global stabilization policy that rests on stronger concerted action between democracies. He could certainly accomplish this, if he wished to, while maintaining the least combative stance possible towards authoritarian regimes.
My instincts tell me that Obama's conciliatory nature, and Democratic biases, will lead him to favor gentle diplomacy with rogue regimes. I suspect that this will bear some fruit but that it will also encourage some destabilization: some nations will be encouraged by Obama's caution. The logic of democratic convergence will eventually make itself clear and Obama will be capable of discerning as much. Will it be too late for him? I hope and suspect not but cannot rule out the possibility.
Labels:
democracy,
foregin policy,
League of Democracies,
Obama,
predictions
Tuesday, December 02, 2008
Community Organizing in Government
Obama's background as a community organizer is showing itself in his governing style. Today, for instance, (1) I received an e-mail from the Obama camp with a video responding to the prolific community discussion on health care found on the change.gov website. The e-mail talked about the importance of transparency and engagement and still refers to Obama, at times, as "Barack." Very heimish (warm, friendly). (2) Additionally, Obama took the opportunity of his meeting today with the National Governor's Association to ask for their feedback about how to spend stimulus money:
It looks like we have our first "information age" president.
The meeting with the governors was "unprecedented," said Gov. Edward Rendell (D) of Pennsylvania, in that it was the first time a transition team for an incoming administration reached out to state governors to ask their help in crafting a national agenda. Forty-three of 50 states are facing serious deficits.
It looks like we have our first "information age" president.
Labels:
economic crisis,
financial crisis,
health care,
information age,
Obama
Friday, November 28, 2008
Impressed by Obama
Obama's strategy thus far, on three major issues, can be characterized as "focus, continue, and engage." The broad outlines are perfectly elegant.
Specifically:
+focus on the economy: little explanation is needed here. Obama has managed to include many major advisors in his administration: Geithner at Treasury, Summers at the National Economic Council, Goolsbee and Volcker on a special recovery taskforce.
+continue with the late second-term Bush approach to foreign policy: The caution here is reassuring to me and seems that it will be generally endured by those further to the left on such issues.
+engage on health care: Obama has chosen to extend internet democracy first to the discussion about health care. This is wise because (a) he can thus engage activists, and perhaps even temper their expectations as they are forced to wrestle with real world issues, even while he postpones immmediate action and (b) he may actually be able to glean a few good ideas as discussants will be able to sift the 'wheat from the chaff' through a participant-run ratings system.
Very impressed.
Specifically:
+focus on the economy: little explanation is needed here. Obama has managed to include many major advisors in his administration: Geithner at Treasury, Summers at the National Economic Council, Goolsbee and Volcker on a special recovery taskforce.
+continue with the late second-term Bush approach to foreign policy: The caution here is reassuring to me and seems that it will be generally endured by those further to the left on such issues.
+engage on health care: Obama has chosen to extend internet democracy first to the discussion about health care. This is wise because (a) he can thus engage activists, and perhaps even temper their expectations as they are forced to wrestle with real world issues, even while he postpones immmediate action and (b) he may actually be able to glean a few good ideas as discussants will be able to sift the 'wheat from the chaff' through a participant-run ratings system.
Very impressed.
Wednesday, November 26, 2008
Obama and Russia
I agree.
Read more.
Obama enters office signaling that he will continue the policies of President Bush's late second term in Iraq and Afghanistan, and key architects of those policies, starting with Defense Secretary Robert Gates, will likely keep their jobs. That would leave Russia as the unexpected laboratory for Obama to shape his own foreign policy.
Read more.
Friday, November 14, 2008
A Dollop of Buyer's Remorse
I'm not feeling too happy about Obama's advocacy of a GM bailout, especially since it's one of his first economic moves. I don't like the trends it symbolizes.
From newser.com (which reports on Krauthammer and Brooks):
From newser.com (which reports on Krauthammer and Brooks):
American prosperity relies on creative destruction—the failure of nonviable companies and their replacement by defter rivals. The government endeavors to protect the worker in periods of transition, writes David Brooks in the New York Times, but not the firms themselves. That’s why the auto-industry bailout is a bad idea: Extending the life of the Big Three means preserving their unworkable business models.
The financial bailout ensured that the system itself continued to function, Brooks writes, but “a federal cash infusion will not infuse wisdom into management” at GM, Chrysler and Ford. Charles Krauthammer, in the Washington Post, agrees, writing that the Detroit bailout underlines philosophical differences between Republicans and Democrats: “In this crisis, we agree to suspend the invisible hand of Adam Smith— but not in order to be crushed by the heavy hand of government.
Sunday, November 02, 2008
Provocative, but Worth Considering
Thomas Sowell writes:
Barack Obama has the kind of cocksure confidence that can only be achieved by not achieving anything else.
Anyone who has actually had to take responsibility for consequences by running any kind of enterprise-- whether economic or academic, or even just managing a sports team-- is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.
The kind of self-righteous self-confidence that has become Obama's trademark is usually found in sophomores in Ivy League colleges-- very bright and articulate students, utterly untempered by experience in real world.
The signs of Barack Obama's self-centered immaturity are painfully obvious, though ignored by true believers who have poured their hopes into him, and by the media who just want the symbolism and the ideology that Obama represents.
The triumphal tour of world capitals and photo-op meetings with world leaders by someone who, after all, was still merely a candidate, is just one sign of this self-centered immaturity.
"This is our time!" he proclaimed. And "I will change the world." But ultimately this election is not about him, but about the fate of this nation, at a time of both domestic and international peril, with a major financial crisis still unresolved and a nuclear Iran looming on the horizon.
For someone who has actually accomplished nothing to blithely talk about taking away what has been earned by those who have accomplished something, and give it to whomever he chooses in the name of "spreading the wealth," is the kind of casual arrogance that has led to many economic catastrophes in many countries.
Friday, October 31, 2008
The Media and Obama
Victor Davis Hanson:
I don't agree with all of the points in this article (especially the section about Palin) but do find compelling the sections about the media's treatment of campaign finance and Obama's associations.
Imagine the reaction of the New York Times or the Washington Post had John McCain renounced his promise to participate in public campaign financing, proceeded instead to amass $600 million and outraise the publicly financed Barack Obama four-to-one, and begun airing special 30-minute unanswered infomercials during the last week of the campaign.
I don't agree with all of the points in this article (especially the section about Palin) but do find compelling the sections about the media's treatment of campaign finance and Obama's associations.
Tuesday, October 28, 2008
Kagan on Europe: A Spicy Interview
Here are excerpts from a spicy interview with Robert Kagan in Der Spiegel. I particularly enjoyed the incisiveness of his critiques of European political blindnesses.
First:
And:
First:
Kagan: Correct. And, in that respect, ever since the surge, the additional troops we sent, there have been great successes…
SPIEGEL: …which are undeniable, though not necessarily sustainable. And this results primarily from the fact that the US government is paying bribes to tens of thousands of Sunni fighters to turn their backs on al-Qaida and no longer attack US troops.
Kagan: The money is really not the main issue. The issue is the entire new US military strategy, which establishes security and dramatically improves the lives of people. The New York Times recently reported that the overwhelming majority of al-Qaida terrorists have abandoned Iraq as a safe haven and that they are joining their fellow insurgents in Afghanistan.
SPIEGEL: The terrorists are undoubtedly concentrated in Afghanistan and in the border region with Pakistan, and some are certainly going to those places from Iraq. But this is not an entirely new development. The war against terrorism should have been waged in Afghanistan rather than Iraq, as Obama has said.
Kagan: You cannot acknowledge our successes in Iraq because Europeans can never admit that Bush is doing something right.
And:
SPIEGEL: An overwhelming majority of Europeans want to see Barack Obama become president…
Kagan: Yes, of the United States, although they would never elect someone like that in their own countries. But I understand the Europeans. I too believe that Obama would be an exciting choice, given America’s history. But also a risky one. He has no foreign policy experience compared with McCain, who has been to Europe dozens of times and is intimately familiar with world problems.
Thursday, October 23, 2008
The Election: Summing It Up
I wish that I could say it this well.
Leon Wieseltier:
Leon Wieseltier:
McCain feels with his heart, but he thinks with his base. And when he picked Sarah Palin, he told the United States of America to go fuck itself. I used to think of my dilemma this way: Obama's conception of America is better than he is, McCain's conception of America is worse than he is. But McCain is looking more and more like his America, which is Bush's America: a country of capitalists and Christians. I do not know how to explain what has become of him. . .
Obama is a smart man. He is a decent man. He is an undangerous man, in the manner of all pragmatists and opportunists. He reveres reason, though he often confuses it with conversation. His domestic goals are good, though the titans of American finance, the greedy geniuses of Wall Street, may have made many of those goals fantastic. He will see to it that some liberalism survives at the Supreme Court. This leaves only the rest of the world. What a time for a novice! I dread the prospect of Obama's West Wing education in foreign policy: even when he spoke well about these matters in the debates, it all sounded so new to him, so light. He must not mistake the global adulation of his person with the end of anti-Americanism. And he must not mistake his hope for the world with his analysis of the world. But OK, then: Obama, and another anxious visit to the ballot box, with--in the stinging words of Du Bois--"a hope not hopeless but unhopeful."
Thursday, October 16, 2008
"Spread the Wealth Around"
A propos of Obama's comment to a voter that he intends to 'spread the wealth around,' I would suggest that that comment will not prove as incendiary as it may have in an earlier age. For the time being (at least) the federal bailout has broken the US taboo of respect for individual responsibility. In a financial climate that reminds us of our interdependence, the concept that helping those in modest circumstances may be (even financially) beneficial to us all (expressed by Obama, though not as widely reported as his less politic, and less rigorous, statement, above) is not as seditious as it once might have seemed.
Labels:
Democrats,
economy,
election,
finance,
financial crisis,
liberals,
Obama,
US,
US economy,
wealth
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