The right is orchestrating a campaign to blame Democrats for the economic collapse. In cases like this it is often a matter of being the first out there with a story. For example, Progressives and Democrats could have been explaining the economic collapse on the cost of the war, or the huge borrowing that resulted from the tax cuts. But now the right is out there with a story, and the ability to get that story to the public. So we’ll see which narrative takes over.
Here’s the story. A major bank failed yesterday, and a Bush appointee in the government put out a statement directly blaming Democratic Senator Schumer. So the narrative the right is pumping out is that “the government” says Schumer is at fault for the bank failure. (What Schumer did was say that the bank appears to be insolvent because it was. Republicans say this “caused” a run on the bank. The fact is the bank was closed because it was insolvent, not because people were taking their money out. Runs can’t cause SOLVENT banks to fail because the Fed provides all the cash needed during a run. The FDIC closes banks that are NOT solvent. But facts don’t matter.)
The Right knows its base. Telling them a bank closed because someone stated the facts is such a head spinning bit of nonsense we’re bound to hear it repeated for years. It is funny that Conservatives are against the government giving people a hand up in hard times, but don’t have a problem with government stepping in to save Fannie and Freddie and their executives and their shareholders.
Its looks like I was in the minority when it comes to that New Yorker satire. John Nichols over a the Nation didn’t care much for it, The Beat Satire or Smear: Muslim Barack, Black Panther Michelle
So this issue of The New Yorker will be a very big seller.
At one level, that’s very good because Ryan Lizza’s 18-page piece on Barack Obama’s background as a Chicago political player is excellent. Lizza cuts through the ridiculous spin that would have us believe that Obama somehow rose to the top of the Illinois political scene by chance or serendipity. In what for Obama fabulists will be agonizing detail, Lizza explains that, “perhaps the greatest misconception about Barack Obama is that he is some sort of anti-establishment revolutionary. Rather, every stage of his political career has been marked by an eagerness to accommodate himself to existing institutions rather than tear them down or replace them….he has always played politics by the rules as they exist, not as he would like them to exist. He runs as an outsider, but he has succeeded by mastering the inside game.”
To the extent that a provocative cover leads Americans to Lizza’s important article, that’s healthy.
Nichols says the problem is that voters have to buy the magazine and actually read the article that praises Senator Obama, but they probably won’t. Maybe they will. It shows that Obama ublike the fake cowboy from Crawford or the pretend everyman Millionaire With 8 Houses McCain, Obama is the real thing, the great American success story. Obama is ahead in the polls and McCain keeps trying to be some strange combination of Ronnie Reagan, Teddy Roosevelt and a bad game show host that shoots himself in the foot every fouty eight hours. So there is plenty of time for everyone not familiar with Senator Obama to find out more. Look at it this way, Obama could walk on water and the wing-nut crowd still wouldn’t vote for him regardless of what appears on a magazine cover.
John McCain and his shrill supporters think he’ll be a darn good commander-in-chief. They seem to keep repeating it over and over again like a magic mantra hoping that its true. While McCain shouldn’t be expected to be the next Geography Bee Champion, but what the heck is his obsession with Czechoslovakia, a country that does not exist. It hasn’t existed for fifteen years yet he has been referring to it in speeches for years. McCain voted for Bush a 100% of the time in 2008 and 95% in 2007. The American people think the country is headed in the wrong direction. So by what logic can we assume that McCain will be the commander guy to clean up Bush’s mess.