Friday, November 2, 2012

Barack Obama is a Great President - Jonathan Chait - NY Magazine


One shrinks from the word great - why overdo it? But lets look at it. When Barack Obama took office the economy really was in collapse. He took decisive action and the economy is now stable and growing reliably. He ended a war begun on false information. He avenged the attack of 9/11 without infringing our own liberties. He greatly expanded the number of people with health insurance, His health care reform cut payments to insurance companies and used the money to provide greater prescription drug benefits for Medicare recipients. He would have accomplished more if the Republican Party had not pledged to block everything it could. He will do more if re-elected. His personal rectitude is unquestioned.  And he can sing on key. Think great is overstating it?  Recall  the accomplishments of every post-war President. And look at how their term in office ended.

Vote for Barack Obama and vote Democratic for a Congress that will work with him, not against him. - GWC

Barack Obama is a Great President

by Jonathan Chait

I can understand why somebody who never shared Obama’s goals would vote against his reelection. If you think the tax code already punishes the rich too heavily, that it’s not government’s role to subsidize health insurance for those who can’t obtain it, that the military shouldn’t have to let gays serve openly, and so on, then Obama’s presidency has been a disaster, but you probably didn’t vote for him last time. For anybody who voted for Obama in 2008 and had even the vaguest sense of his platform, the notion that he has fallen short of some plausible performance threshold seems to me unfathomable.

Obama’s résumé of accomplishments is broad and deep, running the gamut from economic to social to foreign policy. The general thrust of his reforms, especially in economic policy, has been a combination of politically radical and ideologically moderate. The combination has confused liberals into thinking of Obamaism as a series of sad half-measures, and conservatives to deem it socialism, but the truth is neither. Obama’s agenda has generally hewed to the consensus of mainstream economists and policy experts. What makes the agenda radical is that, historically, vast realms of policy had been shaped by special interests for their own benefit. Plans to rationalize those things, to write laws that make sense, molder on think-tank shelves for years, even generations. They are often boring. But then Obama, in a frenetic burst of activity, made many of them happen all at once.

Bipartisan panels of economists had long urged Medicare to reform its payment methods to curb perverse incentives by hospitals and doctors to run up costs as high as possible; Obama overcame fierce resistance in Congress in order to craft, as part of Obamacare, a revolution in paying for quality rather than quantity. He eliminated billions of dollars in useless subsidies to banks funneling (at no risk) government loans to college students. By dangling federal public-education grants, Obama unleashed a wave of public-school reform, over the objections of the most recalcitrant elements of the teachers union movement. And he forced Wall Street to accept financial regulations that, while weaker than ideal, were far tougher than anybody considered possible to get through Congress.

It is noteworthy that four of the best decisions that Obama made during his presidency ran against the advice of much of his own administration. Numerous Democrats in Congress and the White House urged him to throw in the towel on health-care reform, but he was one of very few voices in his administration determined to see it through. Many of his own advisers, both economists steeped in free-market models and advisers anxious about a bailout-weary public, argued against his decision to extend credit to, and restructure, the auto industry. On Libya, Obama’s staff presented him with options either to posture ineffectually or do nothing; he alone forced them to draw up an option that would prevent a massacre. And Obama overruled some cautious advisers and decided to kill Osama bin Laden.

The latter three decisions are all highly popular now, but all of them carried the risk of inflicting a mortal political wound, like Bill Clinton’s health-care failure and Jimmy Carter’s attempted raid into Iran. (George W. Bush, presented with a similar option, did not strike bin Laden.) In making these calls, Obama displayed judgment and nerve.

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