iPhone app iPad app Android phone app Android tablet app More

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors
David Meadvin

David Meadvin

Posted: December 8, 2010 02:44 PM

Don't Sell Your Obama Stock Now

What's Your Reaction:

Clarence Jones is a living legend. When I was chief speechwriter for Senate Majority Leader Harry Reid, Clarence accepted our invitation to visit with an ad hoc group of Democratic speechwriters on the Hill. For more than two hours, he mesmerized us with stories of his friendship with Martin Luther King and his prominent role in the Civil Rights movement. Clarence not only had a courtside seat to watch history unfold; he was an active participant.

Clarence visited with us in the Capitol less than a week before President Obama's inauguration. That's what brought him to town. He waxed poetically about the meaning of the moment and the pride that King would surely feel. But he was also a realist, noting that the election of Barack Obama was not enough. The hard work of governing hadn't begun yet.

That's why I was surprised and disappointed to read Clarence's recent piece breaking with the President and calling for a 2012 primary challenge.

Clarence writes:

It is not easy to consider challenging the first African-American to be elected as President of the United States. But, regrettably, I believe that the time has come to do this.

I understand and share the frustration that many Democratic faithful feel over the tax cut compromise, the slow progress on repealing Don't Ask, Don't Tell and escalation of troop counts in Afghanistan. All three issues were cornerstones of the President's 2008 campaign, and Democrats have every right to feel let down.

But let's not lose the forest for the trees. In less than two years, this President has:

  • Signed an historic health care reform law that, while admittedly imperfect, expands coverage to more than 30 million Americans and reduces the deficit substantially.

  • Negotiated an investment in the American auto industry that not only saved thousands of American jobs but may end up making money for the government.

  • Signed the American Recovery and Reinvestment Act that, by all objective measures, has been a major success that saved and created more than one million jobs.

  • Made significant and improbable progress on education reform, re-writing the traditional playbook that Democrats won't clash with teachers' unions.

  • Ended by executive order the ban on federal investment in stem cell research, which gives scientists new tools to fight fatal diseases.

  • Signed consumer-friendly credit card reform legislation that protects Americans from financial predators.


Respectfully, the decision by Clarence Jones and some other liberal leaders to abandon President Obama at this moment reminds me of an investor who panics and sells all his shares in a blue-chip company because of one bad quarter. These may be the darkest days of the Obama presidency, but as Rev. King said himself, "We are not makers of history. We are made by history." Yes, history dealt President Obama a tough hand, but his leadership and accomplishments these first two years have earned him -- at the very least -- our patience. The White House is adjusting to the new political reality of divided control in 2011. The sausage making will only get uglier. But President Obama remains the most popular politician in town - and our best hope for progress.

David Meadvin was chief speechwriter for U.S. Senate Majority Leader Harry Reid and U.S. Attorney General Eric Holder. He is president of Inkwell Strategies, a Washington, DC-based speechwriting and communications firm.

 

Follow David Meadvin on Twitter: www.twitter.com/inkwellstrat

 
 
  • Comments
  • 188
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
Page: 1 2 3 4 5  Next ›  Last »  (6 total)
HUFFPOST SUPER USER
yogfthagen
01:43 PM on 12/09/2010
It hasn't been a bad quarter. It's been a bad track record the whole way through.
The Senate GOP has been able to hold a 40 to 41 seat coalition together, despite any and all negotiation for compromise.
Instead of taking his case to the public to shake TWO people loose, he let the GOP dictate the terms of every. Single. Debate.
And he lost. Every. Single. Debate.
He may have passed legislation, but it's flawed at best (healthcare), and pointless at worst (financial regulation.)
Instead of dictating the terms of the debate, Obama has been led from compromise to cave-in for the past two years.
We need a leader who can rally the public, not sit in the White House.
HUFFPOST SUPER USER
MilesToGo
12:49 PM on 12/09/2010
It's not been just one bad quarter. The Obama administration hasn't been hitting on all cylinders from the beginning, and lately the engine is about to die. His accomplishments have been real, but marginal, and his foreign policy is abysmal and filled with hypocrisy (recall the Cairo speech, followed by listless action and counter-productive policy.) It's now obvious the President cannot negotiate intelligently and truly cannot lead effectively. All this combined with veritable hubris and a sense emanating, like the Enron guys, that he's the smartest guy in the room.
photo
HUFFPOST SUPER USER
marignymitch
E pluribus unum percent
01:15 PM on 12/09/2010
Fanned. Obama thinks we're insufficiently intelligent to understand the brilliance of his latest capitulation. Is it our stupidity that makes him angry? Perhaps so.
photo
HUFFPOST SUPER USER
marignymitch
E pluribus unum percent
12:41 PM on 12/09/2010
That bad quarter you speak of started at the inauguration with the Rev. Rick Warren. It also includes protection of our war criminals, continuation of our futile, insane, yet profitable, wars of choice combined with an expansion of Junior's national security abuses, back-door deals with big pharma and health insurance, sybiotic relationship with Wall Street and feckless support of DADT repeal--topped off by capitulation to Republicans on tax cuts for the extremely wealthy.

That single bad quarter was epic, but in actuality we're at halftime. I'm not looking forward to the next two years of Republican lite.
12:40 PM on 12/09/2010
A lot of nice talk from a 'speech writer'.
.
HUFFPOST SUPER USER
inmyhumbleopinion
Vote third party.
11:37 AM on 12/09/2010
"...the decision by Clarence Jones and some other liberal leaders to abandon President Obama at this moment reminds me of an investor who panics and sells all his shares in a blue-chip company because of one bad quarter." Um, did you fail math in school? How about eight quarters?

Every "accomplishment" you list is a litany of incremental improvements. Sure, they're better than nothing but so much less than they could have been, because Obama gave away the store without a serious fight on any of it. Take both health care and the consumer credit legislation--neither of those laws went far enough in imposing regulations and have enough loopholes to drive a truck through. The companies in those respective industries are working hard to come up with new ways to screw people.

The liberal left, and, quite frankly, all the independent voters who put Obama in office have every right to be looking elsewhere. This tax cut deal was the last straw. Our POTUS has sealed his fate as a one-termer.
11:36 AM on 12/09/2010
You have the calculus backwards here. Obama very overtly severed himself from the left-leaning policies he campaigned on, sadly, with that press conference. But people on the left with real, actual beliefs and ideals don't worship a single man for the sake of bolstering his ego, we believe in principles that must upheld, and that this cynical, manipulative campaign to tie massive transfers of wealth to the already rich together inseparably with benefits for the poor is deeply wrong. amoral, even. Nobody forced this guy to play divide and conquer with his own party, but I guess this is what he has chosen to spend his last remnants of relevancy on, which is truly sad.
HUFFPOST SUPER USER
inmyhumbleopinion
Vote third party.
11:53 AM on 12/09/2010
Fanned, faved.
This user has chosen to opt out of the Badges program
11:35 AM on 12/09/2010
David, Senator Reid was lucky to have you. I agree with what you wrote, and the President has my full support....Damn the torpedoes, full steam ahead!
11:35 AM on 12/09/2010
No David, this is not just bad quarter, this is the 8th quarter, we waited for 2 years.
HUFFPOST SUPER USER
DeeTwoCents
Danielle Moodie-Mills is living OUT loud!
11:29 AM on 12/09/2010
Holding onto hope is becoming very difficult. Yes, the President has done great things in the past two years but if the average American can't tell you what that is...then what difference does it make? He has 4-6 months top to change course and regain teh faith of his base and independents...if not then he will see a primary challenge and that will be devasting for this country, and unlike in the 80's the Dems may not recover from it!
10:53 AM on 12/09/2010
I don't see anyone abandoning Obama. What I see are people trying to get Obama back on track.
TryToBeFlexible
MENSA, Gay, Atheist, Believer in justice, age 57
10:40 AM on 12/09/2010
Here is what I wanted from the president:
1.) Single payer or at a minimum, a public option
2.) Ending DADT
3.) Ending DOMA
4.) Passing ENDA
5.) Ending the wasteful wars
6.) Not extending the huge tax cuts for our wealthy overlords

What did I get?
He invited hate filled Rick Warren (supporter of "kill the gays in Uganda") to the inauguration. So, Rahm is right, I am definitely a F&%king retard for voting for this back stabbing, incompetent b$%ch.

Since the "incident" of inviting the murderer to the inauguration took place on day one, I don't see that this is an issue of "a bad quarter". It started out really awful, and has gone downhill from there. I can't imagine how this presidency could possible have been any worse.
nothingchanges
too soon old, too late smart
10:32 AM on 12/09/2010
Blaming the President (or any other individual) accomplishes very little without addressing the underlying problems that the country now faces.

Our entire election process has been corrupted by money. When "he who spends the most" wins, (and this has been the case in over 9 out of 10 instances for decades) then our representatives become those most willing to sell their integrity for the money needed to get elected.

The wealthy own this country, because they own the election process.

Without meaningful campaign finance reform, all other "reforms" will be in name only.
HUFFPOST PUNDIT
JimR
10:23 AM on 12/09/2010
Excellent post. People clearly are losing the forest for the trees. There's a lot of anger about this compromise plan, but much if it is stinks of hypocrisy. Many Democrats railing against the financial irresponsibility of this plan were just fine with borrowing money to extend unemployment benefits.

I have yet to hear of an alternative proposal to help the struggling middle class that could actually get passed.
11:32 AM on 12/09/2010
How is it hypocritical for a Democrat to support borrowing to help struggling unemployed people, and not support borrowing for millionaires who don't need help?

-Isn't that one of the differences between us and the Republicans?
HUFFPOST PUNDIT
JimR
11:58 AM on 12/09/2010
If Democrats in Congress are so deeply concerned about the deficit, why not find cuts that would offset the money for unemployment benefits?
10:00 AM on 12/09/2010
Spoken like the spin artist you are. One should note his "education reform" is failing schools rather than helping them.

Take your talking points and go on CNN, we usually prefer a coherent essay here.

Oh and investment analogies are dubious considering that those who control the investment market are the ones pulling the strings on both the government and the economy. So it really doesn't matter if "I pull my blue chip stocks" because there are others backing them--making my involvement superfluous. Which leads to the question, we should only back Obama to feel good and forget that he isn't working for us because we don't matter?
HUFFPOST PUNDIT
JimR
10:24 AM on 12/09/2010
So that's all you have to offer, insults? Do you have an idea for help for the struggling middle class that could actually get passed, that the GOP won't kill?
photo
ewldest
I don't care "whose" war it is - end it now
11:14 AM on 12/09/2010
Thanks, I was about to say the same.
photo
1johnf
What would Studs say?
09:18 AM on 12/09/2010
Sorry, wrong (not wring)