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| QE Then and Now | Dems Fume over Wall Street Trillions |
by Christopher Chantrill
November 25, 2010 at 1:32 pm
HAVE YOU heard the one about the guy from the lefty reality-based community? He could only tell reality when it knocked him upside the head. And thats the story of the Obama administration thus far.
Its not easy to admit it, but in 2008 we needed the Democrats to run the national security apparatus for four years. Americans needed Democrats to confront reality on the war on terror. Its one thing to yell lefty slogans from the side-lines. Its another thing to formulate and execute national security policy from inside the federal government. Whatever it cost, we Americans had to put Democrats in power and let reality knock them upside the head.
After two years of Obama we all know the following realitieseven Democrats. On Iraq: right war or wrong war, the issue is still Iran. On Gitmo: yeah, you try and close it, pal. On hard power/soft power: yeah, you try and cuddle up to thug dictators and see how much good it does you. On civilian trials for terrorists: all it takes is one juror...
After two years, the whole Democratic critique of Bushs foreign policy lies in ruins. Thanks Obama, we needed that.
But Obamas real gift is an unforced error: the utter shambles of his economic policy. Who could have predicted that Obama would utterly ignore the great lessons of Reaganomics: hard money, spending cuts, low tax rates?
In retrospect it is all obvious. Our Democratic friends have been averting their eyes to the success of supply-side economics for a generation. They werent going to admit its reality until reality hit them upside the head.
Reality hasnt done that yet. It will take a Republican president, a Republican Senate, a Republican House, repeal of ObamaCare and a few books touting The Permanent Republican Majority to do that.
But where will the new Republican majority come from? The best place to look, Id suggest, is in The Emerging Democratic Majority, prophesied by John B. Judis and Ruy Teixeira in the 2000s. How long ago it seems. Judis and Teixeira argued that a new majority Democratic coalition was forming out of the white working class, professionalsteachers, engineers, nurses, creative typesand women and minorities. Lets look at that coalition in the cold reality of 2010.
The white working class, according to Henry Olsen in NRO, has been homeless for about a generation. First they voted for Reagan, then they voted for Clinton, then Bush, then Obama. But in 2010 the white working class went Republican big-time. Their forty years in the wilderness started when Democrats went off the white working class back during the Vietnam War. The noble working stiff became a bigoted red-neck as Democrats fell in love with women and minorities.
The professionals are the people that style themselves economically conservative and socially liberal. Heres professional Morris Panner having a change of heart in the Washington Post:
As a Democrat whose politics are undeniably liberal on social issues, I lamented the outcome of the midterm elections. But as an entrepreneur with two software start-ups under my belt, I couldnt help but celebrate - and more than a little.
In the runup to the election Morris Panner found himself listening closely to the Tea Party, nursing the hope that its message would push both major parties to change the way they do business.
In my view the economically-conservative/socially-liberal gig is all about social snobbery: not being one of those snaggle-toothed bible-thumpers, darling. Its an easy pose when the economy is humming along in a tech boom or a housing bubble. But in the Great Recession economy policy matters, and the economically-conservative/socially-liberal set have started voting their pocket-books.
The women that vote Democrat are the non-mother, or non-married, or non-religious kind. But now that the euphoria of feminist liberation has worn off women are sharing with their friends the truth that the central administrative welfare state is a direct attack on everything that matters to women: love and marriage, relationship and family, and children and religion.
But the biggest shock coming to Democrats will be the Republicanization of their beloved minorities. It happens all the time, you know. Ever since the Irish, immigrants have begun their political life in the US as Democrats. They start as Irish, progress to Irish-Americans, and end up as unhyphenated Americans voting Republican. Jews and blacks are the big exception to this, and the reason is simple. Jewish leaders like to scare Jews silly with the monster of the Christian Right, and black leaders like to scare blacks silly with the monster of racism. Guess what, Jews and blacks. There is nothing to fear but fear itself!
Heres a prediction. Once the humiliation of the Obama debacle wears off, blacks will start moving in battalion strength into the Republican Party. This will be a big problem for them, because there is a danger that Republicans will love them to death.
Thank you. President Obama. And you have a great Thanksgiving, too.
Christopher Chantrill blogs at www.roadtothemiddleclass.com. His Road to the Middle Class is forthcoming.
The incentive that impels a man to act is always some uneasiness...
But to make a man act [he must have]
the expectation that purposeful behavior has the power to remove
or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Freddy Arbuthnot
Dorothy L. Sayers, Strong Poison
At first, we thought [the power of the West] was because you had more powerful guns than we had. Then we thought it was because you had the best political system. Next we focused on your economic system. But in the past twenty years, we have realized that the heart of your culture is your religion: Christianity.
David Aikman, Jesus in Beijing
[In the] higher Christian churches… they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm
Civil Societya complex welter of intermediate institutions, including businesses, voluntary associations, educational institutions, clubs, unions, media, charities, and churchesbuilds, in turn, on the family, the primary instrument by which people are socialized into their culture and given the skills that allow them to live in broader society and through which the values and knowledge of that society are transmitted across the generations.
Francis Fukuyama, Trust
In England there were always two sharply opposed middle classes, the academic middle class and the commercial middle class. In the nineteenth century, the academic middle class won the battle for power and status... Then came the triumph of Margaret Thatcher... The academics lost their power and prestige and... have been gloomy ever since.
Freeman Dyson, The Scientist as Rebel
Conservatism is the philosophy of society. Its ethic is fraternity and its characteristic is authority the non-coercive social persuasion which operates in a family or a community. It says we should....
Danny Kruger, On Fraternity
What distinguishes true Conservatism from the rest, and from the Blair project, is the belief in more personal freedom and more market freedom, along with less state intervention... The true Third Way is the Holy Grail of Tory politics today - compassion and community without compulsion.
Minette Marrin, The Daily Telegraph
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all.
In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism
There was nothing new about the Frankish drive to the east... [let] us recall that the continuance of their rule depended upon regular, successful, predatory warfare.
Richard Fletcher, The Barbarian Conversion
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
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©2007 Christopher Chantrill