May 31st 2013

When Will Conservatives Admit Defeat?

by Jeff Schweitzer

Jeff Schweitzer is a scientist and former White House Senior Policy Analyst; Ph.D. in marine biology/neurophysiology

"Home prices are surging, job growth is strengthening and stocks are setting record highs. All of which explains why Americans are more hopeful about the economy than at any other point in five years." This is the headline today from the Associated Press. This is not a missive from a hopeful liberal press, but the conclusion from independent organizations broadly accepted as disinterested and honest researchers. In some cases the reports are directly from the industries themselves (car sales for example):

1) The Conference Board, a private research group, reported on Tuesday that consumer confidence is at 76.2 in May, up from 69 in April, the highest level since February 2008.

2) U.S. home prices jumped about 11 percent in March compared to the previous year, the biggest annual increase since April 2006. This from the S&P's Case-Shiller report.

3) The Dow has risen 18 percent this year alone; the S&P 500 will this month hit the longest winning streak since 2009. We must not forget that in March 2009 Stanford economist Michael Boskin opined in the Wall Street Journal that "Obama's radicalism is killing the Dow." The markets have almost doubled since then. The DJIA was at 7,949 the day Bush left office; as of this writing the DJIA is at 15,400.

4) The national unemployment rate is now not at 7.5 percent, down from the high of 10 percent in 2009; the rate continues to fall. The economy has added, on average, 208,000 jobs per month since November. Remember that the economy was losing 700,000 jobs per month when Bush left office. Let us not forget the rather creepy conspiracy theory that Obama was manipulating the unemployment figures prior to the election; where are Matt and Jack now?

5) According to Bloomberg Government, manufacturing has its best showing since the days of Bill Clinton, arresting the long slide seen under Bush. U.S. factory positions have grown since early 2010. Fox & Friends soiled themselves trying to discredit this reality: even theWall Street Journal called Bush's job creation history "the worst track record on record," admitting the obvious growth under Obama.

6) American automobile sales have not only recovered from catastrophic loss, but have accelerated into strong growth. GM reports sales up 11 percent from last year; Ford reports an annual increase of 17.8 percent; Chrysler is up 11 percent.

No matter how much Fox and the Republican leadership in Washington might want to discredit the president, the numbers above are not in dispute. The gains in the stock and housing markets have enriched Americans to the tune of $16 trillion lost to the great Bush recession. To put Obama's performance in perspective, let us not forget that the Dow showed a loss of 25 percent during the eight years of G.W. Bush; the S&P fared worse under Bush -- the index dropped 40 percent of its value during the Bush reign. The NASDAQ lost 48 percent of its value. The stock market under Obama showed a positive 20.1 percent annual increase in his first two years in office and was up 85 percent at the end of his first term. In our nation's history, Obama ranks third in first-term stock performance. And his second term continues the expansion: the DJIA was at 13,881 on the day of Obama's second inauguration.

While the right wing embarrasses itself with dire warnings of hyperinflation and conspiracies to manipulate economic indicators, the rest of us enjoy a solid economic expansion. Of course we have much more that needs to be done. Which brings me to the central question: is there any circumstance, any result, which would enable conservatives to admit they were wrong about Obama and his economic policies?

Concerning national security, few would argue that Obama is soft on terrorism. But the challenge remains the same here as with economic policy: what outcome would yield an admission from the right that Obama's policies work, and are good for America?

Given the positive economic trends we see, let me propose a reasonable hypothetical: at the end of Obama's second term, the United States is enjoying a robust, healthy economy with low inflation and a declining debt. If this became a reality, would conservatives allow that Obama was a success? And if not, what outcome would?

If one argues that any success cannot be attributed to Obama's policies, then so too one must argue that any failures are not his. Inversely, if Obama's policies can be blamed for a bad economy, and the GOP is never shy about that, then those same policies must be credited when we enjoy strong economic growth. One of the most aggravating aspects of right wing zealotry is the idea that all things good are due to the Republican Congress (or to a previous Republican president no matter how far back in time), and all things bad caused by Obama (or a previous Democratic president, no matter how far back). That absurdity will not stand. This ridiculous selective attribution of success and failure is the clearest sign of right wing disintegration.

Let's be real. We all know that, most likely, no possible outcome would cause conservative foes of Obama to admit they were wrong. No matter if the economy were booming along; even if the debt were totally erased; even if unemployment was at 3 percent; even if the stock market tripled. Nothing, no outcome, no success, will cause conservatives to admit that Obama and his policies were and are good for the country.

If my conclusion is wrong, then show me. I challenge any conservative to list any metric by which Obama could be judged a success. Could he do anything, achieve anything, that would bring lie to your claim that Obama is a radical, a socialist, a big-government advocate out of control? What if after eight years the country is clearly better off than when he took office? Would anybody on the right admit to being wrong? Of course any hypothetical metric of success must be put in context of past presidents, Republican or Democrat, to keep such measurements in the realm of the possible. Saying that Obama failed because he did not make everybody millionaires would not qualify as a response here.

If I am correct, nobody will meet this challenge. And if so, then we know everything we need to about the conservative movement today. If the right cannot give me anything or describe any set of circumstances that would qualify as a success, then conservatives admit openly that they simply hate Obama, and that absolutely nothing he does can ever be right, no matter how good for America. Nihilism is not a long-term viable strategy for any political movement; sacrificing the American people on the altar of hateful politics is not a winning game plan. Opposing a president leading a country to economic ruin makes some sense; the opposite is not true. Hating Obama no matter how good he may be for the country, no matter how well the economy is doing, is nothing but turning a blind eye to reality at the expense of the country. And as divided as we are as a people, such blind hatred will not lead to long-term political gain.

So, conservatives, go ahead: give me something, some economic criteria, that would hypothetically have you admit you were wrong about Obama. Go ahead.

Ah, the sound of silence




 


This article is brought to you by the author who owns the copyright to the text.

Should you want to support the author’s creative work you can use the PayPal “Donate” button below.

Your donation is a transaction between you and the author. The proceeds go directly to the author’s PayPal account in full less PayPal’s commission.

Facts & Arts neither receives information about you, nor of your donation, nor does Facts & Arts receive a commission.

Facts & Arts does not pay the author, nor takes paid by the author, for the posting of the author's material on Facts & Arts. Facts & Arts finances its operations by selling advertising space.

 

 

Browse articles by author

More Current Affairs

Mar 27th 2009

BBC headlines reports" Banned Dutch MP held at Heathrow -A Dutch MP who called the Koran a "fascist book" is to be sent back to the Netherlands after attempting to defy a ban on entering the UK.

Mar 25th 2009

Today (Editor's note: March 16) is the sixth anniversary of the death of Rachel Corrie. On March 16, 2003, in Rafah, in the Gaza Strip, she was run over by an armor-plated Caterpillar bulldozer, a machine sold by the U.S.

Mar 24th 2009

"And were it left to me to decide whether we should have a government without newspapers or newspapers without government, I should not hesitate to prefer the later."

Mar 23rd 2009

WASHINGTON, DC - Iran's presidential race just got more interesting, with former Prime Minister Mir Hussein Mousavi throwing his hat in the ring and former President Mohammad Khatami withdrawing his.

Mar 21st 2009

High-handed treatment of depositors by big banks has guaranteed them a disastrous showing in any popularity poll-down below dentists and journalists. The global financial crisis has done nothing to help their score.

Mar 20th 2009

LONDON - I was in Jordan, that beautiful oasis of calm and moderation in a difficult and dangerous neighborhood, when I first heard the news about the murder of two British soldiers and a Catholic policeman by dissident republican terrorists in Northern Ireland.

Mar 19th 2009

In his State of the Union address, President Obama noted that although America invented solar energy technology, we have fallen behind countries like Germany and Japan in producing it. He is right of course.

Mar 17th 2009

WASHINGTON, DC - The decision of former Iranian president Mohammad Khatami not to seek the presidency again has revealed how muddled Iranian presidential politics now is.

Mar 16th 2009

When reports spread that insurance giant AIG would give top executives huge bonuses after a $170 billion taxpayer bailout, you could feel the anger rumbling in Middle America like boiling magma before the eruption of a volcano.

Mar 14th 2009

NEW DELHI - With the world's most developed economies reeling under the incubus of what is already being called the Great Recession, India at the beginning of the year took stock and issued a revised estimate for GDP growth in the 2008-2009 fiscal year.

Mar 13th 2009

NEW HAVEN - On April 2, the G-20 will hold a summit in London to discuss what we may hope will be an internationally coordinated plan to address the world economic crisis. But can such a plan really work?

Mar 13th 2009

"The Obama administration must remain unequivocal in its pursuit of the two-state solution" 

and

Mar 12th 2009

The laughs grate, the performances seem grotesque.

Mar 11th 2009

BEIRUT - On February 24, violent confrontations between Shia pilgrims and the Saudi religious police and security forces occurred at the entrance to the Prophet Mohamed's Mosque in Medina.

Mar 10th 2009

The film "Fitna" by Dutch parliament member Geert Wilders has created an uproar around the world because it links violence committed by Islamists to Islam.

Mar 9th 2009

BRUSSELS - There is no shortage of analyses of what went wrong in the world's capital markets over the past 18 months.

Mar 7th 2009

The way we view banks is conditioned by their key role in keeping the economic wheels turning. The unwillingness of banks to lend seems to go against the natural order, as if teachers were to stay at home on a school day.