The old dawg can still hunt. At the top of his game, gaining energy from the crowd, Bill Clinton, the "old country boy from Arkansas," tore it up last night in Charlotte. Political junkies, pundits of all stripes and Democratic activists were agog, watching the maestro at work. Fox News talking heads were reduced to muttering that maybe voters got tired and changed the channel.
Clinton set out the frame (kudos to progressive economist Jared Bernstein): the choice between "you are on your own" or "we are in this together." And then he made the case for what Obama had accomplished -- and a crushing indictment of the poisons Romney Ryan are peddling.
Clinton treats his audience as adults, willing to entertain and inform. He pays them the respect of laying out policy arguments. And then delights them with his humor, his animation, his blarney.
He made the points -- repeatedly urging Americans to "listen to this" -- that too often are ignored. That Democratic presidents produce more jobs than Republicans and that modern Republican presidents "tripled the debt" in the twelve years before Clinton took office and doubled in the eight years after he left.
He went after Republicans not simply for abandoning the middle class but for traducing the poor. Perhaps the most telling point in his speech was his explanation that Republicans would reduce Medicaid by one-third -- hurting poor kids, seniors in need of nursing homes and the disabled. The middle class had a stake in the prospects of the poor. Here he was teaching Democrats how to argue this case.
He took the Romney/Ryan mendacities -- Obama made things worse, is cutting Medicare and gutting welfare reform -- and forged them into a club to pummel them with.
But note the contrast between Clinton's address and the powerful speech by Elizabeth Warren that preceded it. Warren reprised many of the same themes about investing in our future -- but she didn't stop there. She let Americans know what the problem was: that the system was rigged against them. That rich and entrenched interests -- "Wall Street CEOs strutting in the halls of Congress" after we bailed them out -- rigged the game for their own benefit. They pushed through the tax breaks and deregulation -- much of it during the Clinton years when Goldman Sachs' Bob Rubin drove US economic policy. They cleaned up and the middle class took it on the chin. Reviving the American Dream takes more than the right policy, it requires taking back Washington and cleaning out the stables.
For all of Clinton's mastery, progressives can't go back to the Clinton economy. That economy was built on the dot.com bubble. Clinton championed the deregulation of Wall Street that opened up the financial wilding that eventually drove the economy over the cliff. He pushed through the corporate trade policies -- NAFTA, China's admission to the WTO -- that contributed to our record trade deficits, the off shoring of jobs abroad, the hollowing out of American manufacture. His New Democrats argued that equal opportunity was all that mattered, not equality of outcomes. And then they helped usher in an era in which the wealthiest 1% captured most of the rewards of growth, while working families lost ground. And even last night, Clinton essentially signed Obama onto a version of the Simpson-Bowles agenda which promises debilitating cuts in domestic programs, cutbacks in Social Security, Medicare and Medicaid in return for "tax reform" that lowers rates on the top for the wealthy and corporations. That's a grand bargain even the old dawg can't sell.
Obama's challenge has always been that he had to build a new foundation for the economy. There is no return to an old economy built on bubbles and debt, on Wall Street gambling and feckless corporate trade policies. The inequality of wealth and income has translated into a money-drenched politics where the rules are rigged.
If this economy is to work for working people once more, workers have to be empowered, skewed CEO compensation deals have to be fixed, global trade imbalances must be corrected, vital investments have to be made in education and training, in children and in the sinews of a 21st economy -- from roads to cutting edge broadband to a smart grid and renewable energy. And that requires progressive tax reform that starts with raising rates on the top, not lowering them, taxing financial speculation, not unleashing it.
As Clinton showed, the case for Obama over Romney/Ryan is clear. We can't "double down on trickle down." But to rebuild the American dream, to revive the middle class, we better make certain that Elizabeth Warren and Sherrod Brown are elected to spearhead a new generation of progressive reform. And we'll need to build a powerful people's movement able to challenge the money politics that now dominate Washington.
Follow Robert L. Borosage on Twitter: www.twitter.com/borosage
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| Obama | Romney | |
|---|---|---|
| Electoral Votes (270 to win) |
332 | 206 |
| Obama | Romney | |
|---|---|---|
| Total | 65,899,660 | 60,932,152 |
| Percent | 51.1% | 47.2% |
| Democrats* | Republicans | |
|---|---|---|
| Current Senate | 53 | 47 |
| Seats gained or lost | +2 | -2 |
| New Total | 55 | 45 |
| Democrats | Republicans | |
|---|---|---|
| Seats won | 201 | 234 |
This is a great article!
Here's what Bill Clinton had to say.
“In the last 29 months our economy has produced about 4.5 million private sector jobs. We could have done better but last year, the Republicans blocked the President's jobs plan costing the economy more than a million new jobs. So here's another jobs score: President Obama plus 4.5 million."
But the reality is this.
Total payrolls in 2009 - 111 million.
And today only 111.3 million.
So, only 300,000 net new private sector jobs were created over his Presidency and if you factor in the loss of government jobs, well, the President didn't create any jobs.
And Bill continues;
“Finally listen to this, for the last two years after going up at three times the rate of inflation for a decade. For the last two years health care spending has grown under 4% for the first time in 50 years."
These numbers have more to do with a bad economy. People can't afford health care and don't go to the doctor. Boy, there's a good news story you can hang your hat on.
What's more, you know health costs are rising, not declining.
According to the Kaiser Family Foundation:
Premiums for single coverage is up 8%, family up 9% from 2010, and up 113% from 2001.
In addition, the number of Doctors leaving thier practices is at a record number. So when you have to wait four months to get an appointment don't be surprised. Just thank Obama.
The GOP helped preserve profits for the drug manufacturers and the Democratic spearheaded healthcare reform did much the same, sorry to say, for the insurance companies. If you want more doctors, take the corporatist profiteering out of medicine, and put that $ in scholarships for hardworking, talented kids who aren't just getting into the profession to get stinking rich.
Also we need to reward all sectors of medicine for prevention and education/lifestyle changes effected, not for pushing more drugs (ka-ching!) and procedures. Allow corporatism (enemy of any fair idea of capitalism) in healthcare to go unchecked, and generations to come will be progressively sicker and more indentured to the medical industrial complex.
Those two things gave Bush everything he needed to tear down the economy.
Now, it's too bad that no one on our side at this convention has said anything about reinstating those rules to help middle america survive.
NAFTA
Repeal of Glass Steagall
Welfare Reform
Exploding federal incarceration for non violent offenses
This is part of his legacy.
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YES. Any policy, politician, politico, pundit or wonk not focusing on the specifics of how to do exactly this is just talking smack, at best, and more likely lining his or her pockets at our expense.
Clinton, for his part, was the right person--along with Warren and Michelle Obama--to get the message across; he gives good speech.