Posts Tagged ‘mid-term’
Illustration by Matt Wuerker
After a hard-fought election campaign, costing well in excess of $2 billion, it seems to many observers that not much has changed in American politics: Barack Obama is still President, the Republicans still control the House of Representatives, and the Democrats still have a majority in the Senate. With America facing a “fiscal cliff” – automatic tax increases and spending cuts at the start of 2013 that will most likely drive the economy into recession unless bipartisan agreement on an alternative fiscal path is reached – could there be anything worse than continued political gridlock?
In fact, the election had several salutary effects – beyond showing that unbridled corporate spending could not buy an election, and that demographic changes in the United States may doom Republican extremism. The Republicans’ explicit campaign of disenfranchisement in some states – like Pennsylvania, where they tried to make it more difficult for African-Americans and Latinos to register to vote – backfired: those whose rights were threatened were motivated to turn out and exercise them. In Massachusetts, Elizabeth Warren, a Harvard law professor and tireless warrior for reforms to protect ordinary citizens from banks’ abusive practices, won a seat in the Senate…
The Republicans should not have been caught off-guard by Americans’ interest in issues like disenfranchisement and gender equality. While these issues strike at the core of a country’s values – of what we mean by democracy and limits on government intrusion into individuals’ lives – they are also economic issues. As I explain in my book The Price of Inequality, much of the rise in US economic inequality is attributable to a government in which the rich have disproportionate influence – and use that influence to entrench themselves. Obviously, issues like reproductive rights and gay marriage have large economic consequences as well…
…Here is what Americans should hope for: a strong “jobs” bill – based on investments in education, health care, technology, and infrastructure – that would stimulate the economy, restore growth, reduce unemployment, and generate tax revenues far in excess of its costs, thus improving the country’s fiscal position. They might also hope for a housing program that finally addresses America’s foreclosure crisis…
America – and the world – would also benefit from a US energy policy that reduces reliance on imports not just by increasing domestic production, but also by cutting consumption, and that recognizes the risks posed by global warming. Moreover, America’s science and technology policy must reflect an understanding that long-term increases in living standards depend upon productivity growth, which reflects technological progress that assumes a solid foundation of basic research…
Americans should hope for all of this, though I am not sanguine that they will get much of it.& More likely, America will muddle through – here another little program for struggling students and homeowners, there the end of the Bush tax cuts for millionaires, but no wholesale tax reform, serious cutbacks in defense spending, or significant progress on global warming.
With the euro crisis likely to continue unabated, America’s continuing malaise does not bode well for global growth. Even worse, in the absence of strong American leadership, longstanding global problems – from climate change to urgently needed reforms of the international monetary system – will continue to fester. Nonetheless, we should be grateful: it is better to be standing still than it is to be heading in the wrong direction.
Optimist that I am – still as cynical as Joe Stiglitz the author of this piece – we have 2014 and 2016 to look forward to. Americans may just be bright enough, confident enough, to push the House back to solid enough Democrat control at the mid-term to enable progressive legislation to be funded. I expect no miracles from our voters or elected officials – but, I think we’ll have the market on our side.
At this moment, I’m confident in Hillary running in 2016 – and her added experience in foreign policy [as tawdry as that has continued to be] better equips her for the battles for the presidency.
Should be fun. We may get a little further along the road to solvency and modernity.
Martinez and McCain dancing together after a so-called healthcare forum
Daylife/AP Photo used by permission
It used to be that lawmakers were coy about any ideas they had about heading for K Street, waiting until their terms ended before announcing they were beginning a more lucrative career.
But in recent years, members of Congress planning to become lobbyists have not been able to wait. In fact, when Florida Republican Mel Martinez this week accepted a position with the mega-lobbying and law firm DLA Piper — less than two weeks after resigning from the Senate — it brought to five the number of former lawmakers since 2007 who have abandoned their constituents midterm and almost immediately resurfaced with lobbying firms, according to data provided by the nonpartisan Center for Responsive Politics.
“This used to be considered unacceptable, but it really is a growing phenomenon,” said Meredith McGehee, who lobbies for stricter lobbying and ethics regulations for the nonpartisan Campaign Legal Center. “The reality is that the money has gotten so big and so tempting these days, that I think a lot of these members are saying, ‘I don’t think I’ll go back into political office, first of all, and, the money is just too big to turn down.’”
Martinez was traveling in Brazil and could not be reached for comment, but in February, his office insisted he would serve until the end of his term in January 2011 before retiring from Congress to spend more time with his family. Last month, though, he reversed course, announcing he would step down as soon as Florida Gov. Charlie Crist appointed a successor…
Lobbyists’ salaries are not public information, but last year, Martinez’s new firm DLA, which registered nearly 50 lobbyists, reported more than $11.8 million in lobbying revenue, which doesn’t include legal and consultation fees unrelated to lobbying.
Martinez, who is barred from lobbying his former colleagues for two years, will advise clients on government affairs, litigation, financial services, real estate, energy, defense, infrastructure development and other matters, according to a DLA press release announcing his arrival.
Slime. Pure, unadulterated slug exudate. Only now he’ll be paid directly and above the table.