Posted by: mutantpoodle | January 17, 2012

Outsourcing, again

NY Times Headline, November 5, 2008

Election Night - Grant Park (NY Times)

I’m pretty much an Obamabot, so you can stop reading now if that annoys you. I have my quibbles – mostly on executive power – but think, all in all, he’s done a pretty remarkable job given the situation he walked into and the tools he was given (I’m looking at you, Joe Lieberman and Ben Nelson).

Apparently, I’m not the only one.

Andrew Sullivan, for all his flaws (mainly, his naivete regarding both Ron Paul and Paul Ryan), completely nails the case for Barack Obama in 2012 in this Newsweek essay:

It’s not that I don’t understand the critiques of Barack Obama from the enraged right and the demoralized left. It’s that I don’t even recognize their description of Obama’s first term in any way. The attacks from both the right and the left on the man and his policies aren’t out of bounds. They’re simply—empirically—wrong….

According to Romney, Obama is a mortal threat to “the soul” of America and an empty suit who couldn’t run a business, let alone a country.

Leave aside the internal incoherence—how could such an incompetent be a threat to anyone? None of this is even faintly connected to reality—and the record proves it. On the economy, the facts are these. When Obama took office, the United States was losing around 750,000 jobs a month. The last quarter of 2008 saw an annualized drop in growth approaching 9 percent. This was the most serious downturn since the 1930s, there was a real chance of a systemic collapse of the entire global financial system, and unemployment and debt—lagging indicators—were about to soar even further. No fair person can blame Obama for the wreckage of the next 12 months, as the financial crisis cut a swath through employment. Economies take time to shift course.

But Obama did several things at once: he continued the bank bailout begun by George W. Bush, he initiated a bailout of the auto industry, and he worked to pass a huge stimulus package of $787 billion.

All these decisions deserve scrutiny. And in retrospect, they were far more successful than anyone has yet fully given Obama the credit for. The job collapse bottomed out at the beginning of 2010, as the stimulus took effect. Since then, the U.S. has added 2.4 million jobs. That’s not enough, but it’s far better than what Romney would have you believe, and more than the net jobs created under the entire Bush administration. In 2011 alone, 1.9 million private-sector jobs were created, while a net 280,000 government jobs were lost. Overall government employment has declined 2.6 percent over the past 3 years. (That compares with a drop of 2.2 percent during the early years of the Reagan administration.) To listen to current Republican rhetoric about Obama’s big-government socialist ways, you would imagine that the reverse was true. It isn’t.

There’s a lot more, and I agree with about 90% of it (I think embracing Simpson-Bowles didn’t make sense in late 2010, although getting behind something like that might make sense this year).  But it’s all worth reading, if only to reconnect with the reality that was the United States in January of 2008 and how much Barack Obama has done to improve that reality.



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