Now the hard work begins
Nov. 5th, 2008 08:46 amI admit I'm pleased but surprised at the results of yesterday's election. I've been confident of an Obama win for a while now, but I expected it to be close, perhaps even close enough for the kind of judicial shenanigans we saw eight years ago. I'm glad we won't have to go through that obscenity again, certainly.
Unlike Dubya in either 2000 or 2004, Obama really seems to have an electoral mandate. Voters are supporting changes, possibly even some that will be painful. Most seemed not to be fearful of "socialism" or "redistribution of wealth". Rather, they were angry about the economy, and the results of 30 years of laissez faire capitalism, unfettered by regulation, anti-trust controls, or caps on what amounts to simple greed (financial gains achieved at the expense of those less fortunate than oneself and who are unable to do anything about it.) Before the wealthy start shrieking about having their taxes increased, which is probably inevitable, let me remind them that they've had nearly three decades of continued tax cutting to feather their golden nests, ever since Reaganomics first held sway and the notion that tax cuts for the rich would fuel the economy took hold. We've already HAD "redistribution of wealth." It has been redistributed in FAVOR of those already wealthy, at the expense of those who are not. The gulf between poor and rich has widened significantly. The number of people in the middle has declined significantly. The percentage of the population without health care protections, without retirement protection, and who do not own homes has been increasing. Meanwhile, the wealthiest percentage of the US population have increased somewhat in number, but hugely in terms of the amount of capital and real property they control. A revolt was inevitable, and it has come. Live with it.
This election seems likely to represent a watershed, perhaps even as large and significant as the one that put Franklin Roosevelt in the Presidency back in 1932. The repercussions of the housing collapse and subsequent restructuring, the loss of consumer confidence, the possibility of actual deflation rather than inflation, all are going to continue for months, quite probably years. The new administration and new congress will have to deal with these issues, as well as addressing the horrendous damage done to the US image abroad by the arrogance of the Bush government. Energy is still a major problem that requires immediate attention, too. At least Mr. Obama is conscious of the fact that wrecking the environment in search of more oil is not the answer. Increased efforts for renewable, green energy sources and energy-saving restructuring of the economy and lifestyles are essential, and we will have to put our collective funding behind them in order to accelerate gains in those areas.
There is, of course, a worm in the cherry pie. The continued and stubborn support for anti-gay amendments and legislation that often amounts to codification of simple intolerance and hatred was appalling. California, Arkansas, Florida, Arizona! I'm talking to you folks now. There is absolutely nothing that recognition of gay marriage or civil unions, or the adoption of children by gay couples or individuals, can do to "threaten" the stability of society, or "denigrate" your (possibly second or third, eh Mr. McCain?) marriage. Fortunately, younger voters opposed these hate initiatives. Even if they have to wait for a generation to die off, they will eventually put those changes in place. It's a shame that you are so narrow minded and bigoted that you couldn't let change take its course now. Canada survived it, and lightning bolts did not come down from heaven to purge Ottawa or turn anyone into pillars of salt. Scandinavia and the UK managed it without any terrible "destruction of the family" or decline in morality. Even a country as notably resistant to change as South Africa has been able to take same sex marriage in stride. What is the matter with the US?
Fortunately, just like civil rights for blacks, and before that, voting rights for women, I expect the tide will turn on this issue as well. It's inevitable, and the foot dragging of older generations will end one way or another. Myself, I'd rather see a new world while I'm alive than have it improve only because I've finally croaked. But I guess that's your choice, isn't it? Too bad.
Unlike Dubya in either 2000 or 2004, Obama really seems to have an electoral mandate. Voters are supporting changes, possibly even some that will be painful. Most seemed not to be fearful of "socialism" or "redistribution of wealth". Rather, they were angry about the economy, and the results of 30 years of laissez faire capitalism, unfettered by regulation, anti-trust controls, or caps on what amounts to simple greed (financial gains achieved at the expense of those less fortunate than oneself and who are unable to do anything about it.) Before the wealthy start shrieking about having their taxes increased, which is probably inevitable, let me remind them that they've had nearly three decades of continued tax cutting to feather their golden nests, ever since Reaganomics first held sway and the notion that tax cuts for the rich would fuel the economy took hold. We've already HAD "redistribution of wealth." It has been redistributed in FAVOR of those already wealthy, at the expense of those who are not. The gulf between poor and rich has widened significantly. The number of people in the middle has declined significantly. The percentage of the population without health care protections, without retirement protection, and who do not own homes has been increasing. Meanwhile, the wealthiest percentage of the US population have increased somewhat in number, but hugely in terms of the amount of capital and real property they control. A revolt was inevitable, and it has come. Live with it.
This election seems likely to represent a watershed, perhaps even as large and significant as the one that put Franklin Roosevelt in the Presidency back in 1932. The repercussions of the housing collapse and subsequent restructuring, the loss of consumer confidence, the possibility of actual deflation rather than inflation, all are going to continue for months, quite probably years. The new administration and new congress will have to deal with these issues, as well as addressing the horrendous damage done to the US image abroad by the arrogance of the Bush government. Energy is still a major problem that requires immediate attention, too. At least Mr. Obama is conscious of the fact that wrecking the environment in search of more oil is not the answer. Increased efforts for renewable, green energy sources and energy-saving restructuring of the economy and lifestyles are essential, and we will have to put our collective funding behind them in order to accelerate gains in those areas.
There is, of course, a worm in the cherry pie. The continued and stubborn support for anti-gay amendments and legislation that often amounts to codification of simple intolerance and hatred was appalling. California, Arkansas, Florida, Arizona! I'm talking to you folks now. There is absolutely nothing that recognition of gay marriage or civil unions, or the adoption of children by gay couples or individuals, can do to "threaten" the stability of society, or "denigrate" your (possibly second or third, eh Mr. McCain?) marriage. Fortunately, younger voters opposed these hate initiatives. Even if they have to wait for a generation to die off, they will eventually put those changes in place. It's a shame that you are so narrow minded and bigoted that you couldn't let change take its course now. Canada survived it, and lightning bolts did not come down from heaven to purge Ottawa or turn anyone into pillars of salt. Scandinavia and the UK managed it without any terrible "destruction of the family" or decline in morality. Even a country as notably resistant to change as South Africa has been able to take same sex marriage in stride. What is the matter with the US?
Fortunately, just like civil rights for blacks, and before that, voting rights for women, I expect the tide will turn on this issue as well. It's inevitable, and the foot dragging of older generations will end one way or another. Myself, I'd rather see a new world while I'm alive than have it improve only because I've finally croaked. But I guess that's your choice, isn't it? Too bad.
no subject
Date: 2008-11-05 03:19 pm (UTC)Don't forget that several prominent economists, includeng Nobel prize winners, recently published a paper that showed FDR prolonged the Great Depression by 7 years.
no subject
Date: 2008-11-05 03:23 pm (UTC)You have lived a privileged life, Jay, compared to most of us.
no subject
Date: 2008-11-05 03:33 pm (UTC)I certainly do not live the kind of privileged life that George Soros and Ted Kennedy and Steven Spielberg and Al Gore - and yes, Barack Obama - live.
Our lives are defined by the choices we make. I chose to succeed. I'm about to be punished for that choice, by those who did not.
no subject
Date: 2008-11-05 03:57 pm (UTC)no subject
Date: 2008-11-05 04:02 pm (UTC)We'll both keep on pressing, I'm sure. But I'm afraid you'll find no sympathy here when it comes to bemoaning your fates when you've already had it good by your hand or otherwise.
no subject
Date: 2008-11-05 04:14 pm (UTC)Whatever happened to the notion that being that was a bad thing, anyway? :P
no subject
Date: 2008-11-05 05:53 pm (UTC)If these are the case, you should be able to thrive in any administration. Chances are, you even have enough money to go without working for 6 months or more (just a guess) in savings and investments. Most of us have never and will never have that. And I'd wager some of us have struggled just as hard as you have to make a life for themselves.
Just recently, a friend of mine ran into some medical trouble, and his HMO messed around with him until he was out of a job due to sick leave. Since then, he has struggled to get a job because he still has to go to the hospital now and then, and they basically take ALL of his money.
A return to the capital gains taxes of a few years ago isn't going to kill you. If you're making over 600k per year, chances are that 8% won't kill you either. If that's the case, you make many times more than I do, and I live a very comfortable life, putting a large percentage of my salary into savings and investments.
In summary, you will not only survive in the coming years, you will thrive, if you have represented yourself correctly here. And further, your job is more likely to be impacted by the crappy economy brought on by the last 8 years of bumbling than from anything Obama will do.
no subject
Date: 2008-11-05 06:00 pm (UTC)Its not a Nixon or Regan style landslide, but no one
can doubt the will of the American people here.
Will Obama radically change things? Perhaps, but
if so it'll be slowly. Like a huge ship, a superpower
dosen't turn on a dime.
I was never like those that said, "Bush is not MY President!"
so I will accept the win and hope for the best.
But plan for the future.
no subject
Date: 2008-11-05 06:07 pm (UTC)People often change their minds as they get older.
You should not confuse a slope in age demographics with change going forward.
It may work out in the end, but... I refuse to hold out any hope for the US anymore. Sorry. Not my fight. Never was. And now I've stopped caring. I'm only going to hold out hope for the countries that deserve it - and there are plenty of others that do.
no subject
Date: 2008-11-05 06:11 pm (UTC)I think you're giving up hope for the US a bit early. This election indicates to me that while the giant is slow to awaken, he's not dead yet. Four years ago I was about to give up hope, and now I have it again.
Of course, as you say, it's not your battle. Canada has its own issues, different ones to be sure, but issues just the same.
no subject
Date: 2008-11-05 06:13 pm (UTC)I'm convinced that there's a direct connection between "fiscal conservatism," "social conservatism," and what some people perceive as a free license to hate, discriminate, and belittle anyone different from themselves.
no subject
Date: 2008-11-05 06:15 pm (UTC)no subject
Date: 2008-11-05 06:17 pm (UTC)no subject
Date: 2008-11-05 06:20 pm (UTC)no subject
Date: 2008-11-05 06:21 pm (UTC)no subject
Date: 2008-11-05 07:14 pm (UTC)no subject
Date: 2008-11-05 07:57 pm (UTC)So, I'm taking that optimism over to where it will live a little longer. :-P
no subject
Date: 2008-11-05 09:06 pm (UTC)no subject
Date: 2008-11-05 09:10 pm (UTC)no subject
Date: 2008-11-05 09:45 pm (UTC)Now can Obama really force all that on anyone? Not without the help of congress, no. Unless they are already in violation of existing regulations, the executive branch has no power over them. If they ARE in violation, then... I figure they've got it coming to them.
no subject
Date: 2008-11-05 09:51 pm (UTC)no subject
Date: 2008-11-05 09:52 pm (UTC)no subject
Date: 2008-11-05 09:59 pm (UTC)They simply fail to see that they are putting themselves in the position of the parasite, who lives well only as long as the host is healthy. When they drive the host to sickness and death, they will collapse with it anyway.
no subject
Date: 2008-11-05 10:40 pm (UTC)no subject
Date: 2008-11-05 10:42 pm (UTC)