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Reply #1: On the money [View All]

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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 06:47 PM
Response to Original message
1. On the money
From Greider's article..........



Once again, Republicans are mounting an assault on liberalism's crown jewel, Social Security, only this time they might succeed, because the Democratic president is collaborating with them. The deficit hysteria aimed at Social Security is fraudulent (as Obama's own experts acknowledge), but the president has already gravely weakened the program's solvency with his payroll-tax holiday, which undercuts financing for future benefits. Obama promises the gimmick won't be repeated, but if employment is still weak a year from now, he may well cave. The GOP will accuse him of damaging the economy by approving a "tax increase" on all workers. Senate Democrats are preparing their own proposal to cut Social Security as a counter to the GOP's extreme version. In the end, they can split the difference and celebrate another great compromise.

This is capitulation posing as moderation. Obama has set himself up to make many more "compromises" in the coming months; each time, he will doubtless use the left as a convenient foil. Disparaging "purist" liberals is his way of assuring so-called independents that he stood up to the allegedly far-out demands of his own electoral base. This is a ludicrous ploy, given the weakness of the left. It cynically assumes ordinary people not engaged in politics are too dim to grasp what he's doing. I suspect Obama is mistaken. I asked an old friend what she makes of the current mess in Washington. "Whatever the issue, the rich guys win," she responded. Lots of people understand this—it is the essence of the country's historic predicament.


http://www.thenation.com/article/157511/end-new-deal-liberalism
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