It’s Long Past Time for Democrats to Reject Austerity
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As Americans continued to starve, face evictions, and die during this week’s congressional showdown over desperately needed stimulus legislation, former president Barack Obama weighed in by trying to erase a historical cautionary tale that already seems to be happening again.
Looking back at the economic crisis during his first term, Obama told New York Magazine that he “was full Keynesian at that time in terms of trying to get as much stimulus out the door as quickly as possible” and that his critics were wrong to assume that the Democratic Party — which had full control of Congress — backed a smaller-than-necessary stimulus bill “based on some concerns about deficits at a time when that should have been the last thing we were worrying about.”
“At the end of the day I had to get Ben Nelson’s vote, I had to get Arlen Specter’s vote, and I had to get Susan Collins’s vote — otherwise, I’m getting nothing,” Obama said, referring to conservative Democratic and Republican senators. “I’m making a decision to go ahead and take three-quarters of a loaf rather than have a lengthy fight for the whole loaf that even if I win could delay things significantly and hamper our ability to right the ship.”
The familiar message from Obama to Democratic Party voters is the same one the party’s apologists offer up today: Budget capitulations are not a product of ideological fealty to an austerity agenda, they are only a reflection of political reality — so stop pushing, start falling in line and be pragmatic.
“Never argue with a fool, onlookers may not be able to tell the difference.”
December 17, 2020 at 6:09 PM #386372ThouArtThatParticipant
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Yep, and the argument made more a lie with the recent report that “Trickle Down” economics is a sham. The 99% suffer ever more because taxing the rich is verboten within Neo Liberal dogma. It’s well past time to call the American political economy out as the disaster it truly is.
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December 17, 2020 at 6:18 PM #386376
December 17, 2020 at 6:42 PM #386401Passionate ProgressiveParticipant
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agonizing over the Georgia senate races. Ossoff doesn’t support M4All….He’s to the right of center on most issues that I stand for…..Cannot believe that Warnnock at the end of the day would be any better on the issues that matter to me.
The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.....Martin Luther King '63
It takes all the technical proficiency our system can provide to make up for the woeful lack of popular support and political savvy of most of the regimes that the West has thus far sought to prop up.........Bernard Fall
December 17, 2020 at 6:51 PM #386406
December 17, 2020 at 6:55 PM #386410djean111Participant
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Biden has already signaled austerity. Done deal.
America is not a country, it's just a business. (Brad Pitt, Killing Them Softly)
Everything I post is just my opinion, and, honestly, I would love to be wrong.
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