Economy

The President Outlines His Second Term Agenda

From Kansas, the president made yet another case for liberal economic policy and liberal government, while revealing the theme of his re-election campaign and the agenda of his second term. It was yet another speech in which he attempted to bury Reaganomics:

Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.

It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work. It’s never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.

This speech outlined the theme of his second term. Economic fairness/equality and rebuilding the middle class American dream.

Because there’s another view about how we build a strong middle class in this country – a view that’s truer to our history; a vision that’s been embraced by people of both parties for more than two hundred years.

It’s not a view that we should somehow turn back technology or put up walls around America. It’s not a view that says we should punish profit or success or pretend that government knows how to fix all society’s problems. It’s a view that says in America, we are greater together – when everyone engages in fair play, everyone gets a fair shot, everyone does their fair share.

This is what we'll be voting for next year.

Watch the entire speech here. It's worth it.

  • Yes, finally something that Dems can easily follow up on and the same things that we’ve been saying all along.

  • The_Dork_Knight

    Riech had an excellent take on the speech here:

    http://robertreich.org/post/13852130536

    • Yeah, along with his minor bashing of the president, as is usual for him.

      • muselet

        I didn’t read Robert Reich as bashing the president. “It’s about time” and “I wish” and “He might have” aren’t exactly blistering criticisms. Reich has been around politicians, elected officials and other scoundrels for years, so he’s always going to be measured in his praise, but his piece on the president’s speech was praise.

        –alopecia

        • ranger11

          You read “Locked in the Cabinet”? I wonder if Bill Clinton is still friends with the dude after the publication of that book.

        • villemar

          It was definitely praise, coming from him. To me Robert Reich is basically Debbie Downer, he’s been doing nothing but saying how fubar everything is for the past 15 years. Well, I didn’t have to be Secretary of Labor to have told you that. But I stopped listening to him many years ago because he’s basically a Johnny One-Note.

          I guess we’ll see how long this newfound enthusiasm lasts. Old habits die hard…I remember how effuse Michael Moore was in praising Obama’s September speech and we all know how quicky he reverted to form.

        • Faint praise, alopecia. With passive-aggressive digs all around.
          I agree that from him, the article was praise for the Pres.

          Nevertheless, I think I’d be safe in holding my breath till the next time he starts on Obama.

    • muselet

      Agreed.

      –alopecia

  • The_Dork_Knight

    Very Nice!

  • trgahan

    You have to admit. The rebuttal to such a speak would make you look like a real asshole to a normal sane person. Too bad he isn’t up against normal sane people.

    • villemar

      I left Salon a while ago because it’s been overrun by Greenbots, but your post reminded me of a brilliant article there by Gary Kamiya yesterday, a masterful update of Hofsteder’s seminal work, bringing it up to date to reflect the profoundly pathetic, angry infantalism of the modern GOP. It’s a great read.

      http://www.salon.com/2011/12/05/the_infantile_style_in_american_politics/singleton/

      • Great piece….thanks for linking, Villemar!

      • jjasonham

        Thanks. I was cracking up laughing within the first 2 paragraphs.

  • holyreality

    Holy shit!

    He is actually saying exactly what I want to hear.

    Not words to assuage my desires, but a real live attack on the Reagan narrative. This is the precise location in which to apply correct pressure.

    “It fits on a bumpersticker” sounds like you Bob are writing his speeches 😛

    Now if only the Democratic party could stick to the message, parrot it, and maybe, just possibly, “news” will begin to put the kibosh on the Reagan mythology.