14
Aug
10

“Hope has morphed into widespread gloom as widespread economic suffering becomes new normal in America.”

And this is from Bob Herbert of the New York Times?

I disagree, there may be hope after all if previously partisan columnists can see the truth.

Amplify’d from www.nytimes.com
Fire and Imagination

The Obama administration seems to be feeling sorry for itself. Robert Gibbs, the president’s press secretary, is perturbed that Mr. Obama is not getting more hosannas from liberals.

Spare me. The country is a mess. The economy is horrendous, and millions of American families are running out of ammunition in their fight against destitution. Steadily increasing numbers of middle-class families, who never thought they’d be seeking charity, have been showing up at food pantries.

The war in Afghanistan, with its dreadful human toll and debilitating drain on the nation’s financial resources, is proceeding as poorly as ever. As The Times reported on Friday, an ambitious operation that was supposed to showcase the progress of the Afghan Army turned into a tragic, humiliating debacle.

And while schools are hemorrhaging resources because of budget meltdowns, and teachers are losing jobs, and libraries are finding it more and more difficult to remain open, American youngsters are falling further behind their peers in other developed countries in their graduation rates from colleges and universities.

This would be a good time for the Obama crowd to put aside its concern about the absence of giddiness among liberals and re-examine what it might do to improve what is fast becoming a depressing state of affairs.

It’s not just liberals who are gloomy. A Wall Street Journal/NBC News poll this week found that nearly 6 in 10 Americans believe the country is on the wrong track and a majority disapproves of President Obama’s handling of the economy. Nearly two-thirds expect the economy to get worse still.

Mr. Obama’s problem — and the nation’s — is that in the midst of the terrible economic turmoil that the country was in when he took office, he did not make full employment, meaning job creation in both the short and the long term, the nation’s absolute highest priority.

Besides responding to the nation’s greatest need, job creation would have been the one issue most likely to bolster Mr. Obama’s efforts to bring people of different political persuasions together. In the early months of 2009, with job losses soaring past a half-million a month and the country desperate for bold, creative leadership, the president had an opportunity to rally the nation behind an enormous “rebuild America” effort.

Such an effort, properly conceived, would have put millions to work overhauling the nation’s infrastructure, rebuilding our ports and transportation facilities to 21st-century standards, establishing a Manhattan Project-like quest for a brave new world of clean energy, and so on.

The problem with the U.S. economy today, as it was during the Great Depression, is the absence of sufficient demand for goods and services. Consumers, struggling with sky-high unemployment and staggering debt loads, are tapped out. The economy cannot be made healthy again, and there is no chance of doing anything substantial about budget deficits, as long as so many millions of people are left with essentially no purchasing power. Jobs are the only real answer.

President Obama missed his opportunity early last year to rally the public behind a call for shared sacrifice and a great national mission to rebuild the United States in a way that would create employment for millions and establish a gleaming new industrial platform for the great advances of the 21st century.

Hope has morphed into widespread gloom as widespread economic suffering becomes the new normal in America.

What that will mean in the real world of ordinary Americans is that even if there is a fretful recovery from the Great Recession, millions will be left out of it. Hope has morphed into widespread gloom as widespread economic suffering becomes the new normal in America.

Read more at www.nytimes.com

 

Advertisements

0 Responses to ““Hope has morphed into widespread gloom as widespread economic suffering becomes new normal in America.””



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Cheryl Prater

Managing Director

Another Disclosure

The views expressed on this site are solely mine and do not necessarily reflect those of my clients. Please don't hold them responsible. Momma tried.
Copyright © Applecross Media 2010. The content on this blog are the sole property of the author unless otherwise noted and may not be used or reproduced in any manner unless expressly permitted by owner at cprater.applecross@gmail.com. All Rights Reserved.

%d bloggers like this: