StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



Obama Drama

16 Jul 2010
Posted by Edmund L. Andrews

There's been an enormous amount of media commentary in recent days on President Obama's slipping popularity and what he  woulda coulda shoulda done differently.  One day after Obama scored his latest big accomplishment -- passage  of the huge financial reform bill-- the NYT puzzles over why Obama's star is falling and says he hasn't been able to "change the partisan tone in the capital."    In Politico, editors John Harris and Jim Vandehei say Obama "has shown himself to be a Big Government liberal,'' which is "killing him with independent-minded voters."

I'm skeptical about journalistic second-guessing about political tactics and messaging.  When unemployment remains stuck above 9 percent, with a huge share of those people jobless more than six months, nobody is going to be popular. 

That said, two new pieces today -- one in Salon and one in the Fiscal Times -- offer specific examples of tone-deafness at the White House.

    At Salon,  Andrew Leonard describes Obama's remarkably bloodless  trip yesterday to Michigan  for the groundbreaking of a factory  that will make batteries for the Chevy Volt and other electric cars. In itself, Leonard says, the visit was a fine way to highlight how economic stimulus money is financing jobs and new energy technology.  But he says Obama strikingly failed to make the broader case:

I didn't hear him talk about how Republicans have blocked the extension of unemployment benefits, or refuse to allow new taxes on hedge fund managers. He didn't whisper a word about how ridiculous Republican anti-regulation rhetoric sounds in the wake of the biggest financial crisis since the 1930s. Perhaps most disappointing, he didn't lay out any plan for future action. "We're not out of the woods yet" he said. But he didn't breathe a word about how we're going to get there,

If you suspect that the White House is lackluster in pushing for more aggressive job creation, my colleagues at the Fiscal Times offer this revealing look at the strange fight over $10 billion to prevent teacher layoffs nationwide. Rep. David Obey, chairman of House Appropriations, found a way to attach the money -- repeatedly blocked by Republicans in the Senate -- to the supplemental funding bill for Afghanistan.  But the White House threatened a veto because Obey paid for some of it by cutting 15 percent from "Race to the Top," Obama's signature grant program for education reform projects.

Obey told the Fiscal Times' Eric Pianin and Adam Graham-Silverman that he asked the White House for alternative places to find the money, and that the White House suggested cuts in food stamps.   Food stamps?  In the middle of protracted unemployment?   

 

 

 

 

Tone Deafness

This White House has been presented with many, many opportunities to lead and promote their agenda, but never grasp it. I know many supporters were disappointed he didn't make the case for transition away from fossil fuels to clean energy during the entire GOM oil spill. Among his base, the feeling is that he caves too quickly to win votes, waters down the legislation (stimulus, healthcare, financial reform), and never gets those votes anyway. And the process repeats with every legislation.

As far as the economy, it appears the White House believes that unemployment of 9.50% is something we have to live with and there's nothing more to be done. (apparently the Fed believes this too). I don't see much leadership in the Senate either - from either party. It's just astounding that as the economy is losing steam, there is no sense of urgency for drastic measures except in the blogosphere.

Either this is 1)the most inept administration in decades, 2)they are just tired and have no desire for a 2nd term, or 3) he has a game changing plan that he'll unleash this fall.

My bet is on 1.


Voters might be smarter than you are.

"When unemployment remains stuck above 9 percent, with a huge share of those people jobless more than six months, nobody is going to be popular."

Right. It couldn't just possibly be that voters are perceiving cause and effect here. Nope, just keep whistling past the graveyard.


Obama Drama

Ok that was funny.
Now please bring out the real president





Recent comments


Advertising


Order from Amazon


Copyright

Creative Commons LicenseThe content of CapitalGainsandGames.com is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Need permissions beyond the scope of this license? Please submit a request here.