Wednesday, November 7, 2012

The pro-Obama editorial from FT

Why Obama won


For a while in the small hours, even after the arithmetic of the electoral college had already doomed his campaign, it seemed Mitt Romney would not concede defeat. Karl Rove, whose perpetual air of self-satisfaction must for once have been tinged with chagrin, was muttering on air that Ohio would have to be recounted; that his home network of Fox had thrown in the towel prematurely. Hopes of a repeat of Bush-Gore were evidently still glimmering. But this was the last gasp emitted from the echo chamber of delusions within which the Republican elite have sealed themselves for years

Then Mr Romney came on stage in Boston to make his concession speech. It was gracious but less moving than John McCain’s speech four years ago, a concession so generous and imbued with a sense of the historical moment that it alarmed even his own Republican troops. But in his way, too, Mitt Romney for a moment dropped the mask. Behind it was a chastened man, for once slightly unkempt, the weariness visible. But not much else. Graceful good wishes to the victor, a prayer for the President and the country and then true Romney, a homily that teachers, investors, citizens of strong faith might lead us out of dire straits. And that was it.
Suddenly the man who had tried to be everything to everyone was nothing to anyone, except a tired private equity executive and former Governor of a state that had just repudiated him by a huge margin. In the last weeks of the campaign his strategists had imagined they might expand the “battleground map” into the industrial mid-West, concocting a fable – that Barack Obama had sent the auto industry into bankruptcy and was even now outsourcing jobs to China – so at odds with the truth that even MoTown executives were compelled to denounce it. Detroit, Milwaukee and Cleveland were not buying it, and so long before Pennsylvania was known to have turned the tide Mr Obama’s way, the Republicans had lost the presidency in the industrial heartland.

What bit the dust on Tuesday was the world of denial in which Republicans have immured themselves ever since the rise of the Tea Party in 2009. This is a universe in which the financial crash was caused by over-regulation; one in which, despite years of brutal drought and violent weather patterns, climate change is a liberal hoax; a country that can correct a vast structural deficit without ever raising additional revenue, while expanding the military budget beyond anything sought by the Pentagon; a belief system in which Mr Obama was the source of all economic ills rather than the steward of the most intractable crisis since the Depression. The mantra was that a business executive would, simply by virtue of that fact, effect a magical rejuvenation of the staggering American economy.

But the most obstinate fantasy to die in this election was that the greatness of the United States was somehow inseparably bound to the dominion of the white male. The most egregiously offensive candidates for the Senate, Richard Mourdock in Indiana, who proclaimed that post-rape conceptions must be part of God’s plan, and Todd Akin in Missouri, who spoke of “legitimate rape”, threw away Senate seats that were the GOP’s for the taking. Another illusion was that huge sums poured through Super- Pacs would tip the balance in competitive races. Linda McMahon, the professional wrestling tycoon, spent $100m in two elections attempting to become Senator for Connecticut and still head-locked herself into disaster.

Built into these assumptions was the conviction that non-white, non-male voters, especially Latinos, could not be mobilised, especially not with the same intensity or numbers they had shown in 2008. The long lines of people waiting hours to vote in Florida and many other places ended that narrow-minded complacency.

Of course the Republican party does not altogether turn its back on this new America. But the harshness of its policy on immigration is a slow-drip suicide for the Republicans, reducing them to becoming the Party of the confederacy and the mountain states of guns and God.

The mere fact of Mr Obama’s re-election ought, if the Republicans have an eye for their long-term preservation, give them pause before venturing on the usual manic conspiracy theories or denouncing their nominee for being insufficiently conservative. But you might also hope they listened to his victory speech, which was, for a candidate who has at times been startlingly disengaged from the persuading element of the presidency, one of the great moments in his political career. For after generously thanking two generations of Romneys for public service, Mr Obama went on to defend democracy itself on one of its climactic days: not in the airy philosophical terms to which he often resorts, but by painting a picture of ordinary people ennobled by the democratic process. In vivid words he painted a picture of countless people knocking on doors, queueing to vote notwithstanding all the obstacles placed in their way by institutions or Mother Nature; living their American identity through these acts of engagement. Politics, the President said, can sometimes seem, small or “silly” (amen to that) before insisting that in the majesty of the multitudes it was as big as anything can get. Then he sounded a theme that has been too often muted in his first term: that the US is a republic in which mutual obligations matter as much as the assertion of rights. And where did America’s true exceptionalism lie? In its unique diversity, which his own person embodies and which might at last be seen as the sign not of its enervation but of its rejuvenated redemption.

The writer is an FT contributing editor

The anti-Obama editorial from WSJ


Hope Over Experience

A divided country gives Obama a second chance.

President Obama won one of the narrower re-elections in modern times Tuesday, eking out a second term with a fraction of his 7.3% margin of 2008, in a polarized country with the opposition GOP retaining and still dominating the House. Given that second Presidential terms are rarely better than the first, this is best described as the voters doubling down on hope over experience.

***

Mr. Obama's campaign stitched together a shrunken but still decisive version of his 2008 coalition—single women, the young and culturally liberal, government and other unions workers, and especially minority voters.
He said little during the campaign about his first term and even less about his plans for a second. Instead his strategy was to portray Mitt Romney as a plutocrat and intolerant threat to each of those voting blocs. No contraception for women. No green cards for immigrants. A return to Jim Crow via voter ID laws. No Pell grants for college.
This was all a caricature even by the standards of modern politics. But it worked with brutal efficiency—the definition of winning ugly. Mr. Obama was able to patch together just enough of these voting groups to prevail even as he lost independents and won only 40% of the overall white vote, according to the exit polls. His campaign's turnout machine was as effective as advertised in getting Democratic partisans to the polls.
Agence France-Presse/Getty Images
President Barack Obama
Mr. Obama also benefitted from his long run of extraordinary good luck. Hurricane Sandy devastated the Northeast a week before Election Day, letting him rise for a few days above the partisanship that has defined his first term. The storm changed the campaign conversation and blunted Mr. Romney's momentum. The exit polls show that late-deciders went for the incumbent this year when they typically break for the challenger.
The President owes a debt as well to a pair of Republican appointees in government—John Roberts and Ben Bernanke. By joining four liberals on the Supreme Court in upholding ObamaCare in June, Chief Justice Roberts provided a salve of legitimacy to the President's deeply unpopular health-care law. It also helped him unify his party around something to protect in an otherwise aimless second term.
As for the Federal Reserve Chairman, Mr. Bernanke's latest round of quantitative easing was an invaluable in-kind contribution to the President in the final election weeks. It helped to lift asset prices, including the stock market, which contributed to rising consumer confidence and helped to counter the damage to investment and hiring from Mr. Obama's policies.
Mr. Romney is one of the least natural politicians of our era, but he is a laudable man who ran a spirited campaign on a reform agenda, especially after the first debate on October 3. He took the risk of putting Paul Ryan on the ticket, and the Congressman proved to be a campaign asset, even if he couldn't overcome the strong Democratic turnout in Wisconsin.
The exit polls show the two campaigns fought Medicare essentially to a draw in Florida, despite the Democratic attempt to demagogue the Romney-Ryan Medicare reform. Many seniors seem to understand that ObamaCare poses a far greater threat to the future of Medicare than does opening the rickety program to private insurance options.
Yet Mr. Romney also made some fateful strategic errors. He took too long to defend his Bain Capital record, letting the Obama campaign pummel him with more than $100 million in unanswered attack ads from May through July. He then devoted too much of the GOP convention to rehabilitating his own image to the detriment of laying out an agenda. Only in the first debate did voters get to see Mr. Romney explain his Medicare and tax reform plans in clear, reasonable terms—and he rose in the polls.
It appears he also failed to distinguish his economic plan enough from the memory of George W. Bush's. Mr. Obama kept telling voters he needed more time to fix the economy, however implausibly, but voters seem to have believed him in the end. More voters in the exit polls blamed Mr. Bush for the economy than they did the current President.
Perhaps most damaging, Mr. Romney failed to appeal more creatively to minority voters, especially Hispanics. His single worst decision may have been to challenge Texas Governor Rick Perry in the primaries by running to his right on immigration. Mr. Romney didn't need to do this given that Mr. Perry was clearly unprepared for a national campaign, and given the weakness of the other GOP candidates. (Tim Pawlenty had dropped out.)
Mr. Romney missed later chances to move to the middle on immigration reform, especially Senator Marco Rubio's compromise on the Dream Act for young immigrants brought here by their parents. This created the opening for Mr. Obama to implement the core of the Dream Act by executive order, however illegally, and boost his image with Hispanic voters.
The exit polls show that Mr. Romney did even worse among Hispanics than John McCain in 2008, and we may learn in coming days that this was the margin in some swing states. The GOP needs to leave its anti-immigration absolutists behind.

***

Mr. Obama will now have to govern the America he so relentlessly sought to divide—and without a mandate beyond the powers of the Presidency. Democrats will hold the Senate, perhaps with an additional seat or two. But Republicans held the House comfortably, so their agenda was hardly repudiated. The two sides will have to reach some compromise on the tax cliff, the spending sequester and the debt limit, but Speaker John Boehner can negotiate knowing he has as much of a mandate as the President.
These columns have viewed this election as more consequential than others for a single reason—ObamaCare. Tax rates do economic damage when they rise, but they can be cut again. Regulations can be adapted to or phased out. Spending can be cut. But the Affordable Care Act will spread like termites in the national economy and public fisc. Mr. Obama will no doubt use his second term to consolidate this liberal entitlement dream, with its ultimate goal of single-payer health care.
Some of our conservative friends will argue that Mr. Obama's victory thus represents a decline in national virtue and a tipping point in favor of the "takers" over the makers. They will say the middle class chose Mr. Obama's government blandishments over Mr. Romney's opportunity society. We don't think such a narrow victory of an incumbent President who continues to be personally admired justifies such a conclusion.
Perhaps this fear will be realized over time, but such a fate continues to be in our hands. There are few permanent victories or defeats in American politics, and Tuesday wasn't one of them. The battle for liberty begins anew this morning.
A version of this article appeared November 7, 2012, on page A24 in the U.S. edition of The Wall Street Journal, with the headline: Hope Over Experience.

Obama wins re-election!

I'm ecstatic. I have renewed faith in America. Last night was spectacular. Not only did the expected Obama win put a dip in the hip, but Democrats won the Senate. If you are a friend who follows my tweets, last night and this morning my behavior was shameful.

Or was it?

I freely admit that my juvenile gloating was insensitive, boorish, and crude. But I cannot help but feel this is how conservatives in America have been treating President Obama. I felt it was a mirror reflection of conservative behavior.

The conservatives consistently band together on all sorts of ridiculous issues. It's fall in line. Well, conservatives did fall in line, and all fell down. Am I happy about this? Yes.

Democrats have adjusted to the changes in the US. Republicans have not. As I've mentioned before, there is no going back. For all the hopeful Mitt Romney supporters, yesterday was somewhat of a rude awakening. I just made it ruder. In essence, I'm looking out for the conservative platform by pointing out how foolish the mishmash of social and fiscal policies have been. Many well respected publications have endorsed Obama, including the FT and the Economist, but it seems to fall on deaf ears.

Well, even if you were/are deaf, you probably know that Obama has been re-elected. Deal with it. He's a good man. He's not a socialist (far from it), he's not Muslim (he's likely an atheist, honestly), he's not running a corrupt administration (far from it, no scandals, and Benghazi doesn't count). So what's not to like about Obama if you're conservative? Easy. He's not like you.

The problem is, many Americans don't realize how far the country has moved. It really isn't in this old, tired "left/right" paradigm. It's something more. It's trite to say America has moved "forward." It does that everyday regardless of who is President.

The rage amuses me. The end of America. The destruction of Israel. Will this nonsense ever stop? No. It never does. It just morphs and changes into some other unfounded fear. That's the crux of it. Fear. It's a different America. It's been that way since 2008. Wake up. Embrace it. If you care, chip in.

Taxes will go up. This is a fact. I've dealt with it, but think the nation overall will be healthier. Besides, I understand that I've benefited from Bush polices and Obama policies. So I'm okay giving back. Yes, even to the red states. (Not ecstatic about this, but you are part of America, and I work for you.)
There is a plethora of amusing tweets from the conservatives about not paying taxes, moving to Canada, etc. Great. Do it. It's a free country, until you break the rules. Don't break the rules. Calm down. Regroup. And reflect.

GOP of America, you can be great. Ditch the social baggage. America has told you to do this. Under no uncertain circumstances. Focus on fiscal policies. Make fiscal policies for ALL of America, just not your beloved aging, white, Christian, male population. You'll get broader support.

Once again, I'm thrilled at what happened last night. Celebrate with me!