Ronald Reagan used to denounce what he called "welfare queens" who were supposedly living high on the government dime. Now that leading Republican Senators such as Jon Kyl are denouncing the idea of pay curbs for bankers living on the government dole, it's time to introduce a new term--welfare kings. Even as unemployment hits 7.6 percent and shows no signs of slowing any time soon, the GOP is falling over itself to protect the ostentatious privileges and prerogatives of a few financial potentates, while everyone else is supposed to bear the consequences.
Will this do? Will this be the wake-up call that President Obama needs to realize that trying to play kissy-face with the GOP is just going to end up bruising his presidency? Judging by his recent comments, Obama has begun to recognize that he needs to go on the offense in selling his economic plan. He needs, in short, to stimulate support for his stimulus plan.
His task, however, is not to pull the GOP into the 21st century. If Republicans want to pretend that spending isn't necessary and tax cuts are, then they will simply become a relic of the past, a party in name only, as insignificant as the conservatives of the 1930s and 1940s, who portrayed Franklin D. Roosevelt as a traitor to his class, even as he rescued capitalism from the capitalists.
Like FDR, Obama has the opportunity to reshape the American financial system. It's time, then, for Obama to leave Washington and start barnstorming the country. Republicans shouldn't admire Obama. They should fear him.
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Top Dem Senator: "Hundreds Of Billions More" Needed For Bank Bailouts
Sen. Kent Conrad, chairman of the Budget Committee, warned Monday that the financial sector would need "hundreds of billions more" in federal dollars before the...
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Senate Looks To Boost Mass Transit, Highway In Stimulus
WASHINGTON — The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic...
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Where Is The Stimulus Shock And Awe?
During a November 25 press conference, then President-elect Obama promised "a new spirit of ingenuity," declaring that the "old ways of Washington simply can't meet...
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Obama Caps Executive Pay Tied To Bailout Money (SPEECH TRANSCRIPT)
WASHINGTON — President Barack Obama imposed a $500,000 pay cap on some senior executives whose firms receive government financial rescue money, a dramatic intervention into...
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Stimulus, Yes; Bank Bailout II, No
If Obama does his job he will mobilize public opinion and isolate Republicans who would rather sink the economy than give a Democratic president legislative success. The current recovery bill is a good first step. If we get the scale of stimulus spending right, it will put people back to work and prevent the economy from collapsing for lack of purchasing power. But if the banking system stays in a state of cardiac arrest, it will continue dragging down the rest of the economy.
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Economic Stimulus: Investing in Vets Delivers a Huge Bang for the Buck
As the Senate begins to debate the stimulus package this week, our elected leaders must ensure that any plan fully supports the newest generation of veterans and their families.
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Billionaire For A Day: A More Entertaining Economic Stimulus Package
Let's do something to capture all Americans attention and by doing so make the economic stimulus package real to all of us: 800 Americans will each win a billion dollars.
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Palin's Facebook Page: Opposes Obama's Stimulus Plan
We learn on Facebook that Palin has "serious concerns" with Obama's stimulus package. Say what?
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Stimulate Me!
Experts seem relatively unified, if such a thing is possible, on the issue of direct economic stimulus to every taxpayer. They're against it.
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Where's Ross Perot When You Need Him?
I'm ready for a little old fashioned Ross Perot specification of the expected outcomes of the stimulus package. This is what we call in education a "teachable moment."
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Rahm Throws Pelosi Under The Bus To Save Stimulus Bill
The story of the morning seems to be that the Obama team is unhappy with Nancy Pelosi and the House committee chairs for delivering up such a liberal, pork-laden bill that they themselves really had nothing to do with.
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Wall Street Bonuses Are an Outrage
Just a mere $18.4 billion in Wall Street bonuses, and suddenly the entire country is screaming for revenge on money power that has done us so wrong while rewarding itself so generously.
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Our Twin Crises
That we are unable to manage a functioning economy or deal with climate change because rapacious Wall Street traders have disproportionate political clout is a measure of our political dysfunction.
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Creating Jobs Is Not "Wasteful"
America voted for a change of direction last November, not more of the same. Republicans should listen to the American people and work in a bi-partisan fashion to help get our country on the road to recovery.
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Steele Crazy After All This Year
We are witnessing, not so much the collapse of the Republican Party, as its slide into insanity. What was the GOP's great accomplishment last week? A show of "unity" enough to block the first stimulus package.
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Why the Stimulus is Needed, Part II
Given the decreases in personal consumption expenditures and gross private domestic investment, what are the chances of the consumer spending again or business investing again?
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A Better Stimulus for the Economy
The problem with our economy is not weak spending, which is just a symptom of our predicament. The root problem is lack of confidence in the future.
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Capitalists, Socialists, and OPM
There's nothing wrong with Wall Streets's "eat what you kill" mentality. Except the bankers must remember that, in the wild, if the Tribe doesn't survive, no one eats at all.
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The Truth About the Stimulus Package
Until other countries are willing to do their share to stimulate the global economy, the Obama administration is right to lift our boat first.
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Operation Zero Cred
The GOP with Joe the Plumber on the Hill this week to discuss the economy. They should be summarily shut out of this process -- whether or not the president wants them out.
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Did Obama's Big Apology Turn the Salary Cap into a Magician's Hat?
Salary cap spankings for execs at bailed out giants. The President of the United States confessing "I screwed up" on national TV. This is shocking. But shocking good or shocking bad?
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Stimulus Package: If You Jump Halfway Across a Chasm You Fall Into the Abyss
If we are going to spend two trillion dollars (and most likely more) trying to deal with the economic crisis, shouldn't we do it right?
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Congress Should Not Cap CEO Pay, But Look at the Deeper Problems of Corporate Governance
It needs to be said: The Congress of the United States has no business setting the terms of executive compensation.
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Change vs. Bipartisanship: What Happens When You Throw a Bipartisan Party and Half the Guest List Stays Home?
The problem with a message of bipartisanship is that it makes it very difficult to tell the story of why things are so bad that we need dramatic change.
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Obama Financial Team to Taxpayers: You'll Get Nothing, and Like It
There's nothing that prevents the public from getting their fair share of any future bank profits appropriate to the high risk investment they are being forced to make.
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Finally, a Plan I Can Bank On
Seeing the many billions of dollars are going to banks with utterly no requirement of fiscal responsibility, I am announcing today my personal expansion into finance.
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No, Seriously: Republicans Don't Get It
Investment in bike paths will not only improve our economy, and take our country in the right direction for the future; it is exactly the kind of investment the American people want.
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Obama Reins in Wall Street Excess
President Obama has taken an important step towards bringing fairness and a dose of reality to Wall Street. In this same vain, I will be re-introducing the Income Equity Act.
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Puttin' On The Pay Cap
The $500,000 limit on executive pay may seem like a lot of money to people, but in actuality, for a banker, you might as well be offering a salary of $1 per year.
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Selling Stimulus
What the administration needs, and what its senior advisers proved so adept at during the campaign, is a simpler, more compelling, campaign-style message for what this legislation is really about.
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A New Movement
There is a movement to strip billions of dollars from the stimulus bill led by Ben Nelson of Omaha (whose Democratic status is debatable) and Susan Collins (Republican) of Maine.
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Energy Self-Reliance and Our Future
You want my opinion on a stimulus plan? Follow Ohio's example and invest in American energy. All of it.
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Bipartisanship (is) for Dummies
The idea that we can turn this economy around by caving to the feckless demands of those who screwed it up in the first place is utterly bankrupt.
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Obama: Use This And the Jobs Bill Will Pass With a 100 Vote Margin
Our best salesman is Obama. There is no house or senate member who this president cannot roll over.
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Pulling the Wool Over Our Eyes
The American people elected President Obama in record numbers to lead our country in a new direction, if the Republicans aren't willing to join him, the least they can do is get out of his way.
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Obama to Speak Monday Night on Stimulus While Rep. Pete Sessions Says Republicans Are the New Taliban
If the media hadn't acted so irresponsibly the past two weeks and President Obama hadn't tried to be so bipartisan, he might not have had to take to the airwaves, but that's not the case anymore.
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Lions Coach Up Steelers on Stimulus Package
How can anyone take the GOP seriously on economic policy? Agree or disagree on their philosophy; their record is demonstrably terrible. They are the Detroit Lions of Congress.
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Democrats in Congress Need to Learn How to Lead
I am losing patience with congressional Democrats' innate instinct to capitulate, something that has been evident since the November 2006 mid-term elections.
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I wonder if there is an excessive amount of pessimism about the economy and the job loss. Without a doubt the economy is in a very tenuous position but isn't now the time to believe in our inherent ability to overcome, survive, and thrive?
Instead of wasting too much time figuring out where blame lies (analysis of past mistakes is necessary to a degree) lets spend time developing solutions for ourselves and perhaps more help the people around us.
Now is a time to tighten our belts and push forward believing in our inherent ability to succeed.
http://www.weeklypoint.com/2009/02/06/are-job-losses-accelerating/
I voted for Hillary in my state's Democratic primary (a year ago) because I did not think Obama had the chops to stand up to the GOP propaganda juggernaut (Rush, Bush, Cheney, WSJ, RNC, congressional Rs.)
I was impressed with how he handled McCain ("What economy are you talking about?")
But now I am returning to my original concern the he will not be able to handle the GOP attacks. In just 2 weeks the GOP is reorganized, re-branded, re-energized and on the attack with a unified message. And they are winning the perception war. Obama needs a rapid response team so that, just like in the campaign, everytime a Republican lies and distorts, Obama is right there with the facts. This is what Bush did. Bush would flog every issue until the Democrats gave him his way.
And this should be easy to do, given the mood of the nation, the size of Obama's victory, the pick up of seats by his party in the Congress and his high approval ratings. But he seems oddly detached from the imperatives he faces, sitting by while the House and Senate hash things out.
I fear he will become another Jimmy Carter: an honest, highly intelligent man but also an incompetent saint.
I think he has the chops. He's also disciplined and patient -- 'way more than I would have been, through all those nasty personal attacks that were just begging to be answered with a quick smackdown. But his preference seems to be to turn the other cheek until there remains absolutely no doubt who's the good guy, then come back strong.
I thought he waited too long during the campaign, but I was wrong. Now I'm afraid, as you are, that he's lost the initiative in this debate -- and I'm hoping to be proved wrong again.
I think you are seriously underestimating PO. He is a brilliant political strategist as evidenced by the almost flawless 2 year campaign he ran. His timing is one of his strengths and like the good poker player he is, he knows how to get his oponents to show their hand, and exactly when to pounce. Have a little patience - you'll see.
welfare kings! I loves it...
"If Republicans want to pretend that spending isn't necessary and tax cuts are, then they will simply become a relic of the past, a party in name only, as insignificant as the conservatives of the 1930s and 1940s, who portrayed Franklin D. Roosevelt as a traitor to his class, even as he rescued capitalism from the capitalists. Like FDR, Obama has the opportunity to reshape the American financial system. It's time, then, for Obama to leave Washington and start barnstorming the country. Republicans shouldn't admire Obama. They should fear him. "
I agree with the author and I believe that President Obama get the message, it is time to travel from sea to shining sea and go to Alaska also and put fear in the GOP. The Pres tried to reach out to the GOP and they return his open arm with a clench fist (they miss the message on inauguration day), and now it is time for him to unleash the wrath of the mighty people power that got him elected because the GOP will not return to power for the next 24 years or longer. The democrats are looking at a 100 year majority for as soon as the hispanics, blacks, asians, indians and other minority become the majority in 10 short years, then the GOP will for sure can't win with the south alone. The GOP fail to realize that Texas is going blue in 2012 or sooner and that will be the end of the GOP!
How does a conservative fix their party? BECOME MORE CONSERVATIVE.
It's a genius tactic really. Very smart. They've got some brains steering their course. Yup.
It is also a really big help when you deny there is anything broken ;)
As angry as I am that the conservatives are continuing their old "stand up for the poor oppressed rich guys" routine, I'm really not surprised. In a way, it's all for the best since the more they cling to their old ideas, the more they will alienate themselves from their middle- and working-class followers. It's hard to be distracted by socially conservative issues when you can't feed your family and your home is being foreclosed on.
We needed to go through the process of attempting bipartisanship. We needed to make the effort because it was the right thing to do and because it was the only way to prove what would happen if we tried it - who would negotiate in good faith and who would shut down negotiations with rigid demands for the same policies that have already failed.
Now we need to move forward in the best interests of our economy, the best interests of the people - all the people. Senators, Representatives: Jump aboard or get left behind.
"Nice guys finish last" as Leo Durocher preached holds true in politics as well as sports. Obama will never make any gains if he thinks he can get a 19th century party to think 21st century needs.
But maybe the 19th century party will be exposed by this, and the 21st century party may reap the gains from a 21st century citizenry - who wont want a 19th century party.
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