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The Case for Obama - Rolling Stone
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2010-10-30 11:26 AM
Schmidt
Colorado Springs, CO
Posts:
1058
For all those who have been disappointed in what Obama has accomplished in his first 20 months, I refer you to this excellent article by Tim Dickinson in the Rolling Stone Magazine entitled,
The Case for Obama.
Dickinson write, "But if the passions of Obama's base have been deflated by the compromises he made to secure historic gains like the Recovery Act, health care reform and Wall Street regulation, that gloom cannot obscure the essential point: This president has delivered more sweeping, progressive change in 20 months than the previous two Democratic administrations did in 12 years. "When you look at what will last in history," historian Doris Kearns Goodwin tells
Rolling Stone
, "Obama has more notches on the presidential belt."
Dickinson asks us to "contemplate for a moment the abyss that Obama's leadership steered us away from — where we would be today if laissez-faire Republican radicals had succeeded in allowing the economic collapse to take its course. According to a study by economists from Princeton and Moody's, more than 16 million jobs would have been lost without the interventions of TARP, the Recovery Act and the Federal Reserve — double the damage actually suffered. Unemployment would have spiked to 16.5 percent, and next year's federal deficit would have more than doubled, to $2.6 trillion. "With outright deflation in prices and wages," the study concludes, "this dark scenario constitutes a 1930s-like depression."
The article is quite long, but I highly recommend it, especially if you have any second thoughts about voting on November 2nd. Dickinson's message is the message that we should be heralding to voters...and supporting those candidates that supported Obama.
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