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Chris Weigant

Chris Weigant

Posted: October 11, 2010 07:39 PM

Nobel Prize Obstructionism

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The Nobel Prize committee does not hand out a prize for obstructionism in government. But if they did, Republican Senator Richard Shelby would certainly be the odds-on favorite to win it this year. Shelby is currently continuing to block Peter Diamond, President Obama's nominee to the Federal Reserve, from getting that "up or down vote" Republicans held so sacred not so long ago. According to Shelby, Diamond is not sufficiently qualified to serve on the Fed's board. Today, it was announced that Diamond had won this year's Nobel Prize for economics.

That's right -- according to Republicans, the winner of the Nobel in economics is somehow not qualified to hold a government job helping to run the economy. Maybe it's all tied to their hatred of "elitism," but at this point it's hard to tell what Republicans are thinking, I have to admit.

The White House didn't miss this point, and immediately began using it to shine a spotlight on Republican obstructionism in the Senate on many of their nominees. As Press Secretary Robert Gibbs put it:

Despite being heralded by the Nobel Committee for his groundbreaking work with applications in a wide range of areas like unemployment and housing, Peter's nomination to the Federal Reserve Board of Governors continues to be held up by a partisan minority in the Senate. Obstructing a nominee as well-qualified as Peter in a time of economic crisis is a harmful attempt to score political points that hurts our middle class and our broader economic recovery.

This is a good start. Because the White House is never going to get a better "poster child" (no disrespect intended) on the issue of Republican obstructionism than this. With over 100 of their nominees to various positions stalled by Senate Republicans, it's an issue that Democrats should be making political hay over. Normally, it's hard to get the public very excited over the issue, since many of these nominations are to obscure government bureaucratic jobs that not many folks have ever heard of. Even federal judgeships aren't all that interesting to the public at large, for the most part.

But the irony over Peter Diamond is deliciously thick and easy to understand. Senator Richard Shelby states, in reference to Diamond: "I do not believe he's ready to be a member of the Federal Reserve Board." Diamond then wins Nobel Prize for economics. In other words, Shelby's stance is a purely partisan one, without a shred of credibility. That's simple enough for pretty much everyone to "get."

Shelby's real reason for putting a "hold" on Diamond's nomination could be an obscure battle over which "school" of economics is currently in vogue. Ezra Klein at the Washington Post points out what could be Shelby's underlying motivation:

Shelby's argument against Diamond is cover for his actual objections against Diamond. One of those objections is simple partisan politics. But another, I've heard, is odder: Shelby hates behavioral economics.

This White House, as has been endlessly pointed out, is big on behavioral economics. See Peter Orszag, Jeff Liebman and Cass Sunstein for more on that. But the administration's embrace of the discipline has provoked a response that the White House never anticipated. Republicans have grown suspicious of behavioral economics. And Diamond, it turns out, has done a fair amount of work in the field.

But this sort of argument is going to be lost on most of the public and the media. It's so much easier to focus on the hypocrisy of saying a Nobel Prize Laureate somehow isn't qualified for a job. Which, to Obama's credit, he appears to be doing.

Of course, there are complications to the story, since it involves Democrats. In the first place, later in Gibbs' statement was a reference to a nominee that is being held up by a Democratic senator, Mary Landrieu, for petty (and unrelated) reasons of her own. Secondly, Senate Majority Leader Harry Reid has precluded President Obama from making any recess appointments until after the election, in an agreement foisted upon him by Republicans. Meaning that Obama can't make a dramatic gesture before the election, by bypassing the Senate confirmation process and immediately naming Diamond to the job -- which would certainly make a splash if it happened this week, right after the Nobel Prize was announced. Thanks a lot, Harry.

But the White House certainly can make an issue out of Diamond being blocked in the Senate. As I pointed out, the storyline is ironically amusing and easy to grasp -- meaning the media could have a lot of fun with it.

Over the past two years, Democrats have not made Republican obstructionism the political issue it should rightly be by now. They should have been screaming loudly about the abuse of the cloture (or "filibuster") by the current Senate -- abuse which is simply unprecedented in our history. Few know this, because Democrats have essentially given Republicans a free pass on the issue. The media has even begun to regularly say things like "you need 60 votes in the Senate to pass a law" which is not only false, but also reinforces the notion that what Republicans have been doing for the past two years is somehow normal, instead of unprecedented in all of American history.

But all that water has already flowed under the bridge, so to speak. Choose your own metaphor if you don't like that one: "that train has already left the station," or maybe "hindsight is 20/20." In other words, it's not going to help Democrats out on the campaign trail much at this point, because it would be seen as too little, too late.

To get away from cheap metaphors, though, one thing about the upcoming midterm elections is certain at this point: President Obama is not going to be voted out of the Oval Office. He's got two more years to go, where he will be dealing with the next Senate. And the obstructionism's likely going to get worse in the next two years. So Obama's really got nothing to lose by pointing it out.

And he'll never get a better chance to do so than Peter Diamond. Because it is downright ludicrous to say that a Nobel Prize-winning economist is somehow not qualified to get a job running economic policy for the government. And until Shelby realizes this, Obama and the White House should point out (at every opportunity they get) how this is truly Nobel Prize-worthy obstructionism.

 

Chris Weigant blogs at:
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12:39 PM on 10/12/2010
I have no idea if Peter Diamond is qualified to sit on the Federal Reserve's board or no. I am sceptical of assuming that he is solely because he has won a Nobel Peace Prize. The author ignores that politics that has recently clouded the judgement of the Nobel committee on at least one recent occasion when awarding the Novel Peace Prize to President Obama. He won that award, not for any specific accomplishment or demonstrated expertise, but for the hope of achievements in the future. Currently, we are seeing that hope is not a very good plan.
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oldngrumpy
My micro-bio is no longer empty
02:23 PM on 10/12/2010
"Currently, we are seeing that hope is not a very good plan."

When the political party in power is in the business of destroying hope, then hope is the best plan available to the citizens. That was the condition of our politics in '08 and the Repug leadership is doing everything it can to keep the hopeless status quo alive. Obama has made some important and historical strides toward fulfilling the "hope" of moving America away from it's path toward demise. When the noise of the ignorant right diminishes history will justify the award on the merits of his achievements. After 30 years of hope destroying "conservatism" America has moved a long way in just 2 years, and it did it while facing the "PURPOSEFULLY ENGINEERED" distraction of the worst recession since our great depression. I think that "HOPE" is probably the most solid basis for a plan that America could adopt at this moment in our history. After almost a 1/2 century of conservative dominance and imperialism it may be all we have left to work with.
05:12 PM on 10/12/2010
""PURPOSEFULLY ENGINEERED" distraction of the worst recession since our great depression."

Just how was the recession "purposefully engineered"? I could make a very good argument that the proximate cause of the recession was the "housing bubble" going "pop" and the "pop" being a result of a lot of unqualified borrowers being given 100% and 103% mortgages. Clearly badly flawed decisions, but........."purposefully engineered"? I think not.

http://www.forbes.com/2009/02/13/housing-bubble-subprime-opinions-contributo­rs_0216_pe­ter_wallis­on_edward_­pinto.html

http://www.zimbio.com/Freddie+Mac/articles/423/Barney+Frank+Chuck+Schumer+Role+Fannie+Mae

http://www.businessandmedia.org/articles/2008/20080924145932.aspx

http://politics.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle.html

I still maintain that, as a plan, hope does not work. We must hope that the Health Care Reform that "had to be passed to see what is in it", actually does have a positive effect and saves money. We must hope that the stimulus package will keep unemployment below 8%. Well, not so much on both counts.

Instilling hope can have a positive effect. Raising false hopes does not. In any event, hope is not a plan.
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mataylor16
You all want it one way. But, its the other way. -
12:08 PM on 10/12/2010
"....Republicans have grown suspicious of behavioral economics." Great! Does that mean they'll stop talking about how unemployment insurance is making people lazy then?
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Brooklyn Red Leg
Free Market Anarchist
11:06 AM on 10/12/2010
At this point, the nominee could be Bozo the Clown and it wouldn't make any difference. END the Federal Reserve. ABOLISH it as its unConstitutional. Its STEALING our money through inflation that is killing us at the bottom. Did your 'Nobel Prize Winning Economist' factor in the inflation in food and energy, I wonder? Bet he didn't. He's just another Keynesian and can't be bothered with us little people. 'Let 'em eat cake' and all, amirite? Epic fail.
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OldHick
10:39 AM on 10/12/2010
How about returning the country to a free economy? Since the banks took over, they are running things into the ground, and this sinecure is a good example..
10:20 AM on 10/12/2010
I truly doubt Shelby could define behavioral economics, let alone form an intelligent opinion about it.
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flyovermark
...Obamacare is tyranny...
09:52 AM on 10/12/2010
If the last couple of years have taught us nothing else, it's that a Nobel prize is a least reliable indicator of competence in a public servant.
(snicker)
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OldHick
09:48 AM on 10/12/2010
What is the point of having Diamond, when you already have Bernanke? Isn't he just an uncomputerized version of Ben? Obama wants to appoint someone who appears qualified, and this article just wants to blast Republicans. Have you noticed how dumb the Nobel Committee has gotten? It seems it is run by the banks and a few Democrats. What ever happened to the smart guys? There is so much collusion, that it is impossible to get fresh blood into the equation.
Diamond is clearly a chalkboard professor and at 70 years of age, should be retired.
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oldngrumpy
My micro-bio is no longer empty
01:53 PM on 10/12/2010
You do realize that the Nobel committee isn't a US political organization - - right? Of course you don't, but don't let that stop you from ranting. The US is so far right of the rest of the world that any pick of an international body will appear to be "leftist". It would pay us to put down the flag and look around occasionally. We would notice right off that we are getting our butts handed to us in many important segments of commerce - - and life.

It's laughable that you are advocating "fresh blood" while obviously carrying water for the party of "old white guys only". Perhaps you think Obama should have picked some back country hick with no background beyond the "free market" ideology. It's obvious that qualification isn't the real question here. This hold is just another attempt by Repugs to negate the consequences of a democratic election, and destroy our Democracy in the process. It's fitting that they chose the Senate to make their stand against the will of the people, as that anti-democratic body so perfectly exemplifies their world view.
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oldngrumpy
My micro-bio is no longer empty
01:55 PM on 10/12/2010
Sorry - I meant democratic Repulic. Wishful thinking perhaps?
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noaxe397
09:37 AM on 10/12/2010
I am not sure if an appointment to the Federal Reserve is permitted as a recess appointment, but maybe Obama can do it that way.


Oh, wait!!! He can't. Harry Reid struck a deal with Mitch McConnell to keep the senate in technical session so the president can't make recess appointments.

Of course!

I think the reason the Dems haven't made an issue over GOP obstruction is so, when they are in the minority, they can unilaterally disarm, give the GOP all it wants in the true spirit of bipartisanship and then say "Hey, America, look at us Dems playing by the rules."

Yeah, that's a winning strategy.
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halfpricefaustian
Voted for Obama. Waiting for Godot.
11:07 AM on 10/12/2010
Doesn't that also mean he can't pocket veto the foreclosure bill?
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noaxe397
03:02 PM on 10/12/2010
In 1974 the U.S. Court of Appeals for Washington, D.C., ruling in Kennedy v. Sampson, barred the President's use of the pocket veto during short congressional recesses, provided an officer was appointed by Congress to receive an ordinary Presidential veto message.
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ThatsTheTheWayItIs
religion, ideology, partisanship are delusional
09:33 AM on 10/12/2010
"Obama and the White House should point out (at every opportunity they get) how this is truly Nobel Prize-worthy obstructionism."

No, other Dems and the media should. It looks bad when someone complains about attacks, like they are making excuses. It looks much better when others point it out.

Dems and Progressives should defend Obama, instead they attack him.
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ugly american
"I drank what?"- Last words of Socrates
09:09 AM on 10/12/2010
It sounds like Obama is seriously trying to change his economic team now and the Republicans are determined not to let him.
It would have been a lot easier if he had cleaned house going in like most presidents do. But he wanted to be bipartisan. Oui!
Now that we have all seen where that gets to, they have become entrenched and don't want to let anyone who wants to save the country take their place.
Like we could not have seen that coming.
It should be fun watching him try to replace Summers and later Geitner. The republicans will block anyone who is not Wall Street owned.
Obama needs to make a bunch of recess appointments first chance he gets.
08:32 AM on 10/12/2010
Most people feel that the economic and peace prize from the Noble committee in particular are political. The committee is trying to influence public opinion, the winners are not the most brilliant but the most correct thinking.
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Skunkman
old & decrepit
08:28 AM on 10/12/2010
At least one thing is sure, Shelby will never win a Nobel Prize. I'm sure there is a prize Shelby
might win but it won't be for intelligence or decency.

Mike
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ugly american
"I drank what?"- Last words of Socrates
08:55 AM on 10/12/2010
There is a prize most Republicans deserve. It is in the shape of the South end of a Northbound horse.
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Skunkman
old & decrepit
12:21 PM on 10/12/2010
Hi ugly American: Thank you for the truthful yet very funny post. LOL
It will be my pleasure to read your posts from now on.

BTW-- My cat Mario wanted to say meow to your beautiful cat. :-)

Fanned & faved
07:35 AM on 10/12/2010
Tibet is no longer the 'cause du jour' of the intellectual and political dilettantes of the Left this year; no, instead the loony Left has moved on to the new 'trendy' cause, which is 'peace and aid flotillas to Gaza.' {I write this as a disillusioned liberal}. Witness the number of comments posted here, as I write: 8. Had this article been about some Israeli faux pas or gaffe, there would have been hundreds, if not thousands, venting their righteous rage and propaganda bites against Israel.
Sadly, I think the public momentum has passed, no longer interested in the very real tragedy that is China's treatment of Tibet. Perhaps the Tibetan cause will become popular and trendy again soon; I hope so. But right now, it's just more fashionable to bash Israel and support the Hamas terrorists in Gaza.
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Skunkman
old & decrepit
12:52 PM on 10/12/2010
A couple of years ago I had a wonderful little nurse. She was from Tibet & I asked her about what's
going on there under Chinese occupation. She looked sad but didn't say much except it was bad.


Your post was excellent. I hope its read by many HP posters. We could all learn something.

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kemstone
Just another opinionated nobody.
07:12 AM on 10/12/2010
I think one of the reasons nobody is yelling too loudly about the filibuster is that it gives many Democrats who don't actually WANT to pass strong reform a convenient excuse for not passing it.
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Chris1962
NYC
06:21 AM on 10/12/2010
I think the Nobel ain't what it used to be. It just became so ridiculously politicized (about a thousand times worse than usual) after having been handed to Obama. All this prize to Diamond means, to me, is that the Nobel committee wants him on the Fed Reserve board. And, frankly, I'm more than a little sick of American shots being called — or trying to be called — by members of other nations.