Connect with us

Post 12

Published

on

America is bringing shock and awe to the home front, using dollars instead of bombs.
It’s the military doctrine of lightning force — fast and brute, or as brute as the shaken country can manage — applied to the campaign for economic recovery.
With a record-busting stimulus plan, the U.S. is marshaling resources against economic catastrophe in ways not seen since Franklin Roosevelt put the New Deal in motion.
President Barack Obama is going with the best deal he could get. The stimulus bill is a landmark legislative achievement for a new president who inherited economic spoilage along with the spoils of power. Now the nation anxiously waits to see if it works.
Undermining federal balance sheets that were already deeply in the red, Obama and Congress settled on a nearly $800 billion plan that aims to spend more on the crisis at hand than the government has spent waging the Iraq war for six years.
The idea: fast cash, and lots of it, but with a strategic view to the future.
Some dollars will flow quickly into wallets — and right out again.
The stimulus plan will mean thousands of dollars in tax breaks for first-time home buyers and people buying new cars. Lower- and middle-income taxpayers will get an extra $13 a week in their paychecks this year, and about $8 a week next year. Unemployment checks will go up $25 a week, and keep coming longer. Food stamp benefits for 30 million Americans will rise. Short-term health insurance will become more affordable for many losing their jobs.
The success of the stimulus package may be measured less by visible achievements than by what does not happen — the home that is not foreclosed, the family that doesn’t slip into poverty, the disease that does not go undiagnosed.
“The one thing we’ll never know is what would have happened if we didn’t do it,” said Nigel Gault, chief U.S. economist for IHS Global Insight.
It’s not FDR’s deal and these aren’t his times.
No federally subsidized artists will paint murals glorifying the muscle of American workers or the progress belching from smokestacks, as they did in Roosevelt’s day.
No grand compact is to be formed between generations like the one that promised everyone a federal pension. No institutions will rise to try something brand new.
“We’re not reinventing government,” said historian Kenneth C. Davis, author of the best-selling “Don’t Know Much About” series. “We’re modifying things that exist.”
Yet as the share of the economy taken up by federal spending rises to an anticipated 30 percent, the nation is grappling again with big questions about Washington’s place in people’s lives.
“The stakes are so high now, this is such a big bill, average Americans are following it,” says Princeton historian Julian Zelizer. “It’s become a bill that is an argument about what government can or can’t do.
“If there is no effect and in six months we are talking about the same economy or a worse economy, I think it would be a devastating blow to the president, Democrats, and to liberal claims about what government can do.”
To critics such as Senate Republican leader Mitch McConnell, the package is the “Europeanization of America.” Others call it “Rooseveltian” or “generational theft” in reference to the debt passed on to the future.
They might envision murals glorifying little more than filled potholes, insulated windows, depreciated computers.
Obama said it’s about more than that, and drew parallels with FDR in speaking Friday to the Business Council, formed by corporate leaders in the 1930s to advise Roosevelt’s administration.
“We adapted, we changed,” he said about those days — and these. “President Roosevelt understood the new role of government in this new world, that while extraordinary actions on its part might be the source of recovery, no action on the part of government, no matter how extraordinary, would alone be the source of our prosperity.”
Democrats and just enough Republicans in Congress — three — saw the package as the best chance to tamp down the economic wildfires breaking out across the landscape.
Obama came into office saying he wished to be judged on his first 1,000 days instead of the usual benchmark of 100. In some ways he will be judged on his first 10 or 20.
Not even Roosevelt, fast off the mark to deal with a bank crisis, was as fast as this in achieving something so sweeping, so early.
The enormity of the package left politicians grasping for concrete ways to convey its size.
Sen. John Thune, R-S.D., spoke of a stack of hundred-dollar bills 689 miles high, and of bills wrapped side-by-side that would encircle the Earth nearly 39 times. House Republicans predicted that the package’s costs — with interest on the necessary borrowing — could total more than a trillion dollars, enough money to buy about 1,000 boxes of Girl Scout cookies for every American.
It was enough to prompt comic Jon Stewart to riff that if you sewed the $100 bills together, “you would make a blanket for Jupiter.”
The stimulus wasn’t just about throwing cash at the economy, though.
The package is filled with billions for some of the same goals that Obama preached about on the presidential campaign trail — renewable energy and green jobs, computerized medical records, broadband Internet service for underserved areas.
“There are seeds in this bill for long-term change,” says Zelizer. “There are things that can develop out of the research that can change our lives.”
Obama sounded a drumbeat of warnings about the consequences of failing to act. But Americans didn’t need their president to tell them how grim the economic situation was — and could become.
Forty percent of Americans already have been affected by some sort of job problem in the past year, be it unemployment, underemployment, layoffs, reductions in pay or hours, or job losses by members of their households, according to a poll released Friday by the Pew Research Center. Fifty-six percent expect things to be worse or about the same a year from now — and they’ve got solid grounds for their pessimism.
The country could well suffer a net loss of 2 million to 3 million or more jobs this year, economists believe. And the unemployment rate, now 7.6 percent, could top 9 percent by spring of 2010.
The stimulus pull-together was a colossal game of winners and losers shaped and reshaped by the latest set of hands on the package. The fortunes of people, schools, towns and other varied interests rose and fell in blinks of time.
Ready to buy another home?
Poof — you just lost $15,000 that legislators had considered providing.
Buying a first home? You’re still in luck — the government plans to give you an $8,000 credit if you buy by the end of November.
A new car? You’ll be able to deduct the thousands in sales taxes from your income tax but not — as was initially proposed — your loan interest as well.
One day, the government proposed to pay 65 percent of the cost of health coverage for a year for jobless people who lose their workplace insurance. Days later, it was down to half. Ultimately, the subsidy zigzagged back up to 65 percent, but it expires before the end of the year.
Obama declared an end to pork-barrel politics, but legislators still managed to look out for favorite projects.
Senate Majority Leader Harry Reid, D-Nev., was quick to point out that a big chunk of the $8 billion set aside to construct high-speed rail lines could go to a proposed Los Angeles-to-Las Vegas route. Sen. Arlen Specter, R-Pa., helped make sure $10 billion was set aside for the National Institutes of Health, a priority of his.
Long after the dust has settled from the horse trading, the government will be seen to have moved with unaccustomed speed on policies normally subjected to years of deliberation and gridlock.
Deficit hawks found their wings clipped as both parties reached for the treasury. Democrats mainly wished to spend; Republicans, mainly to cut taxes.
After last November, guess who got their way?
Democratic House Speaker Nancy Pelosi said flatly: “We won the election; we wrote the bill.”
The debate was both large and small. Negotiators considered the proper role of government — and how fast a business can depreciate its equipment.
Entering the 1930s, Americans mainly saw the national government as the entity that fought wars, ran post offices and enforced a ban on liquor. Federal spending was only 3.4 percent of the economy.
That more than tripled during the New Deal, topping 10 percent, because of the explosion of public works and other labor programs, rural modernization, bank support, and farm and industrial aid.
“It was a transformation of society in a way that hadn’t been done since the end of the Civil War and the end of slavery,” Davis said.
The government became the entity that guaranteed a minimum wage, controlled farm production, supported artists, set workplace standards, insured deposits in regulated banks and cast the first national safety net for the elderly and handicapped under Social Security.
“The whole scope of what Roosevelt was trying to do is different but the intent is clearly the same: relief and recovery during a time of economic stress,” said John Halpin, senior fellow at the Center for American Progress.
The package won by Obama offers “very important but more subterranean changes in the way the economy works,” he said.
Federal spending as a share of the economy shot above 40 percent during World War II and has hovered around 20 percent most of the years since. That share was already projected to approach 25 percent before Obama’s stimulus plan.
To be sure, there’s still considerable disagreement about how much the New Deal helped to end a depression finally crushed by the humming factories of World War II.
Even FDR’s transformation of the federal government was not universally recognized at the time for what it was. It may be years before the full measure of Obama’s efforts are taken, too.
In 1936, The Economist magazine pronounced the New Deal a “striking success” in improving conditions that existed when FDR took office three years earlier.
But what of the legacy?
What legacy?
“If the criterion be Utopian, the achievements of the New Deal appear to be small,” the editors sniffed. “The great problems of the country are hardly touched.”

Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

News

‘Paved Paradise and Put Up a Parking Lot’: Critics Fume Over Trump’s Rose Garden Revamp

Published

on

First Lady Melania Trump’s renovation of Jackie Kennedy’s iconic Rose Garden during Donald Trump’s first term drew widespread criticism. Now, President Trump is renovating that space once again—this time transforming it into a Mar-a-Lago-style patio—sparking a fresh wave of backlash from critics.

President Trump defended what Newsweek described as “bulldozing” part of the Rose Garden, saying the change was intended to make the space more accessible for women wearing high heels, according to The Daily Beast. The renovations also involve removing several trees, including a saucer magnolia reportedly planted to honor President John F. Kennedy.

“It’s supposed to have events,” Trump said of the Rose Garden. “Every event you have it’s soaking wet,” he complained.

“The women with the high heels, it’s just too much… the grass, it doesn’t work. We use it for press conferences. It doesn’t work.”

READ MORE: Trump Starts Weekend Early After Griping Workers Get Too Many Days Off

The White House has done little to inform the American people about the construction, leaving critics to ask questions including who is paying for the construction, and is there a federal agency or commission that approves changes to the White House, given its centuries-long history.

“The White House is a national symbol and not the personal property of any president. Permanent changes should be reviewed by preservation experts and consider public sentiment, not be made unilaterally for vanity or political messaging,” wrote Molly Ploofkins, a social media user whose bio says she is a retired Army medic.

“We’ve got money to bulldoze the White House Rose Garden and turn it into a Mar-a-Lago-style patio, but we can’t pay for cancer research for kids or make sure veterans aren’t living off food stamps,” remarked Democratic strategist and former Harris senior advisor Mike Nellis.

READ MORE: ‘People Will Die’: Shock Over Trump Shutting Down LGBTQ Youth Suicide Hotline Is Growing

“I love how people keep pointing out that private donations paid for it—not the government. I don’t give a s—,” Nellis added later. “The issue is this administration’s priorities. Trump thinks it’s fine to bulldoze the Rose Garden to build a patio so he can relax outside, while doing nothing to improve your life. That’s the criticism. He’s enriching himself, screwing everyone else, and not lifting a goddamn finger to help you. That’s the problem.”

Journalist Jane Coaston remarked, “I am increasingly of the view that Trump wants to ‘be president’ so he can watch musicals and manage the rose garden and he just lets other people be co-president for periods of time so he has more time for musicals and rose garden management.”

“RIP to the White House Rose Garden,” observed former Obama White House photographer Pete Souza. “Today the Rose Garden is being ripped apart as construction begins to pave over the entire grass area. A sad, and unnecessary, day for what used to be the People’s House.”

“The White House rose garden was established in 1913,” noted WAMU’s Esther Ciammachilli, before lamenting, “Trump has just paved paradise and put up a parking lot. This is not his house. It belongs to the American people. He is just a tenant. Nothing is sacred anymore.”

Image via Reuters

 

 

 

Continue Reading

COMMENTARY

Trump Starts Weekend Early After Griping Workers Get Too Many Days Off

Published

on

After stalling on a decision in the escalating Middle East crisis and delaying action—some say potentially in defiance of federal law—on the congressionally mandated TikTok ban, President Donald Trump, facing sliding poll numbers, a widely criticized budget bill on the brink of collapse, a looming debt ceiling showdown, and apparent tensions with his Director of National Intelligence, is heading to his Bedminster golf resort for a MAGA dinner and an early weekend likely to include several rounds of golf.

The decision to leave the White House early on Friday comes after he left the G7 early this week, reportedly to make a decision on whether or how to help Israel attack Iran. His former chief strategist, Steve Bannon, jokingly said Trump exited the conference with top world leaders because he was “bored,” The Hill reported.

The President is slated to exit the White House at 2 PM Friday.

READ MORE: ‘People Will Die’: Shock Over Trump Shutting Down LGBTQ Youth Suicide Hotline Is Growing

“With the world on edge, the president’s early departure underscores a pattern critics say reflects misplaced priorities, favoring fundraising and familiar retreats over the day-to-day demands of governance,” MeidasTouch News reported.

The long weekend also comes just hours after President Trump denounced “too many days off” for federal and other workers, a remark he made on Juneteenth, a federal holiday signed into law by President Joe Biden in 2021. Trump had campaigned on passing the legislation to honor and celebrate the day that symbolizes the end of slavery, but made no mention of it this year.

“Too many non-working holidays in America,” Trump decried Thursday evening.

“I know this is a federal holiday.” White House Press Secretary Karoline Leavitt told reporters on Thursday. “I want to thank all of you for showing up to work. We are certainly here. We’re working 24/7 right now.”

This week, in addition to meeting with his national security team, and an “awkward” meeting with players of the Juventus soccer team, Trump presided over the installation of two 88-foot flag poles and the raising of massive American flags at the White House.

READ MORE: ‘Make Asbestos Great Again?’: Trump Slammed for Move to End Ban on Russia-Tied Carcinogen

Trump’s long weekend also comes just one week after millions protested his policies across all 50 states and internationally on Saturday, while he attended a military parade celebrating his and the U.S. Army’s birthdays, and after a tragic political assassination of a Democratic lawmaker and her spouse.

It also comes one week after Trump appeared to make a major about-face, saying farm, hotel, and restaurant workers are valuable and extremely difficult to replace. He suggested that ICE would pause targeting those workers, only to turn around just days later to announce “the largest mass deportation program in history.” The pause on deportations was canceled, leading one notable political commentator and legal analyst, Joyce Vance, to wonder if Trump is actually in charge.

“Who’s running the show?” she asked, suggesting someone may have “countermanded” him on the deportations. “Who’s in charge? Trump or someone else?”

READ MORE: Trump Appears to Confuse America’s Revolutionary War With the Civil War

 

Image via Reuters

Continue Reading

News

‘Actively Trying to Erase Black History’: Trump Berated for Juneteenth Remark

Published

on

President Donald Trump, who campaigned in 2020 on making Juneteenth a federal holiday, used the occasion this year to criticize the number of federal holidays—a comment many viewed as a direct slight against Juneteenth, which marks the symbolic end of slavery in the United States. He did not issue a presidential proclamation recognizing the holiday.

It was President Joe Biden who signed the legislation making Juneteenth a federal holiday in 2021. And while he is no longer in office, it was Biden—not Trump—who formally honored and celebrated Juneteenth.

On Thursday, President Biden “took part in the service at the Reedy Chapel AME Church,” in Galveston, “one of the locations where an order announcing the end of slavery in Texas was read on June 19, 1865, two years after President Abraham Lincoln issued the Emancipation Proclamation,” CBS News reported. Biden criticized “ongoing efforts to erase history” during the event, “and appeared to take a shot at his successor, President Trump.”

READ MORE: ‘People Will Die’: Shock Over Trump Shutting Down LGBTQ Youth Suicide Hotline Is Growing

President Biden said, “Still today, some say to me and you that this doesn’t deserve to be a federal holiday. They don’t want to remember…the moral stain of slavery.”

“Our federal holidays say … who we are as Americans,” Biden also said Thursday, as CNN reported. “What we celebrate says what we value.”

At least twice, Biden appeared to refer to Trump, although not by name.

“When speaking about attempts to erase history, he referenced ‘this guy’ before giving himself the sign of the cross — drawing laughter from the audience,” CBS noted. “At another point, Biden pointed to efforts during his administration to rename military bases named after Confederate military officers, a process mandated by Congress.”

Also on Juneteenth, President Donald Trump launched an angry missive at the number of federal holidays, although he did not mention Juneteenth specifically.

READ MORE: ‘Make Asbestos Great Again?’: Trump Slammed for Move to End Ban on Russia-Tied Carcinogen

“Too many non-working holidays in America,” Trump declared. “It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed. The workers don’t want it either! Soon we’ll end up having a holiday for every once working day of the year. It must change if we are going to, MAKE AMERICA GREAT AGAIN!”

While shuttering the federal government while paying workers does cost money, Trump offered no evidence to support his claim that workers don’t want the day off.

Critics berated President Trump.

“Saying there are ‘too many non-working holidays’ on Juneteenth is so on brand for a man who is actively trying to erase Black history,” wrote U.S. Rep. Jasmine Crockett (D-TX). “This from the same man who’s wasted over $26 million in taxpayer dollars and spent more than 30 days golfing since January 20, 2025? Please.”

“As Americans celebrate Juneteenth,” U.S. Senator Patty Murray (D-WA) wrote, “I want to say: Trump can try to erase whatever history he doesn’t like, and he can try to brand ‘diversity’ as something bad. But he won’t succeed. We’ll remember ALL of our history and affirm that diversity is our strength here in America.”

“Not only is he trying to make you work MORE but also he’s taking an apparent dig at Juneteenth. This is coming from the same guy who golfs every weekend. Pathetic,” declared political commentator Harry Sisson.

RELATED: Hegseth Sidelines Juneteenth and Its Military History

 

Image via Reuters

Continue Reading

Trending

Copyright © 2020 AlterNet Media.