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Go Home The Most Important Election of Our Lives

PLANK NOVEMBER 4, 2012

The Most Important Election of Our Lives

The campaign is down to its last twenty-four hours. And if you’re reading this blog item, you’ve probably made up your mind about whether you support President Obama or Mitt Romney. But you might not feel good about that choice. And you might be wondering whether the hassle of voting is worth it. If so, I can give you one reason why you should.

This could be the most important election of your lifetime.

The stakes of an election aren’t always apparent in advance. In 2000, most so-called experts spent the campaign marveling at the lack of difference between George W. Bush and Al Gore. Then Bush got elected and enacted his tax cuts. Then 9/11 happened. And then the U.S. invaded Iraq. We can’t rerun history. But if the Palm Beach County ballots had looked a little different and Gore had become president, the eight years that followed probably would have unfolded differently.

This time around, nobody should be confused. The differences between Obama and Romney are not ambiguous—not even now, after Romney’s post-convention attempt to act like the more moderate, more sensible Republican many of us once thought he could be. The gap between what Obama and Romney believe—and between what each man proposes to do—is larger than it has been for any election I can remember.

Think about some numbers.

Eight to ten million. That’s the number of people who would lose eligibility for food stamps under the Ryan budget, which Romney praised and pledged to sign. Keep in mind that, in the wake of welfare reform and the decline of cash assistance from the federal government, food stamps have become the primary source of support for low-income people. At least a quarter would be children.

Two hundred thousand and 10 million. That’s the number of kids who’d lose Head Start and the number of college students who’d see Pell Grants decline by $1000, according to official administration estimates, under the Ryan budget that Romney effectively endorsed—unless Romney decided to spare those programs, forcing deeper cuts to other programs.

Fifty-two million. That’s how many people could lose health insurance if Romney repeals Obamacare and enacts his plan for Medicaid. In case it’s not self-evident, that’s a lot of people—about one-sixth of the entire American population. 

Eight-hundred billion. That's the ten-year cost of extending the Bush tax cuts for incomes over $250,000. It's a tax cut that benefits only the wealthy; offsetting the cost is a big reason why so many other cuts would have to take place.

The numbers are not precise; each depends on a set of assumptions about policy and, in some cases, the economy. But they give you some idea of the magnitude of the choice voters are facing. And the numbers alone don’t tell the full story.

For more than a hundred years, this country has been trying to manage and tame capitalism, not to undermine it but to save it, by protecting people from its caprice and excess. This crusade advanced in three great waves, pushed along by three of our greatest presidents—Theodore Roosevelt and the Progressive Era, Franklin Roosevelt and the New Deal, Lyndon Johnson and the Great Society. The changes Romney has proposed would touch, and undermine, accomplishments that trace back to each of these eras. They would alter the social contract, as it has existed for generations, touching the middle class just as surely as they would touch the poor.

But could Romney actually accomplish all of that? Would he even try? Smart, thoughtful conservatives like David Brooks, Ross Douthat, and David Frum have suggested the answer to both questions is "no," grasping at leaks from Romney advisers and pointing to Romney’s record in Massachusetts, where he worked with a Democratic legislature. Broadly speaking, they share Romney's goals of smaller government and more conservative social policies, while dissenting from more extreme Republican positions. I can understand why they would want to believe Romney would govern in a similar way—and I would like to believe they are right.

But the simplest explanation for Romney’s behavior, the only one fully consistent with his persona as governor of Massachusetts and his persona(s) as candidate for the presidency, is that he will respond to the political pressure around him. And for the next four years, it's safe to assume, the pressure around him would come more from the right than the left. House Republicans have already voted for the Ryan budget. They have no incentive not to do so again. The Senate might resist, particularly if Democrats maintain control, but, at best, they’d succeed in moderating the conservative agenda. And an agenda only half as bold as the one I described above would still have dramatic effects. It would still be, to use Romney's own term, "severely conservative."

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BUT ON TUESDAY VOTERS won’t only be determining the future of the welfare state—or reproductive rights or any of other vital policy areas in which Obama and Romney have such stark differences. They’ll also be rendering a verdict about the importance of candor in presidential campaigns.

We shouldn’t be naïve about this. All politicians say misleading things. And that includes President Obama. He never misses a chance to quote the headline on Romney’s infamous op-ed, “Let Detroit Go Bankrupt,” even though Romney didn’t write the headline and Obama himself ended up putting the companies through bankruptcy. Obama’s ads have attacked Romney for outsourcing at Bain, even though much of the outsourcing took place after Romney left—and the long-term, macroeconomic effects of outsourcing are a matter of legitimate debate. Obama routinely attacks Romney for threatening to leave seniors at the mercy of insurance companies, even though Obama’s own health care plan relies heavily on private insurance to provide coverage to non-elderly Americans.

But even when Obama’s claims have gotten specific facts wrong, they have told a larger story about policy that’s true. Romney really did say he opposed direct government loans to get Chrysler and General Motors through bankruptcy. Without those loans, the companies, and the entire auto industry, likely would have collapsed. Romney may not have been in charge of all the outsourcing deals in Obama’s ads, but he was among the early developers of the practice at Bain—and, as president, Romney would enact policies that reward outsourcing without adequate protection or help for those who lose their jobs. And, yes, Obamacare relies on private insurance to deliver coverage to non-elderly Americans. But Obamcare regulates those plans extensively, giving Americans security they don’t have now. Romney’s Medicare plan, by contrast, would likely undermine the security seniors have, by taking away the kind of security only a government program (or an extraordinarily well regulated system of private insurance) can provide.

Romney, meanwhile, has been saying things that are just flatly untrue, specifically and generally—whether it’s taking quotations (like Obama’s “you didn’t build that”) grotesquely out of context or making claims about policy (like suggesting Obama got rid of work requirements in welfare) that independent fact-checkers found to be clearly false. Romney has blamed Obama for running high deficits in the present, even though they are more the result of Bush-era policies, and suggested the auto industry rescue encouraged Chrysler and GM to outsource jobs to China, even though both companies are creating jobs here and the rescue itself probably saved a million American jobs. Romney has said he has a plan to protect people with pre-existing medical conditions, even though repeal of the Affordable Care Act would eliminate the guarantee of comprehensive benefits that will begin in 2014, and he has demonized Obama for taking $716 billion from Medicare, even though Ryan's own budget—which Romney praised and said he would sign—did the same. Romney has told a newspaper that "no legislation with regards to abortion that I'm familiar with that would become part of my agenda," even though he'd said previously he would sign Republican bills restricting abortion rights and has pledged, repeatedly, to appoint conservative judges and justices who would, among other things, support overruling Roe v. Wade.

The dishonesty is of a piece with his cavalier attitude towards providing actual policy proposals that outside analysts can evaluate. This is the fourth presidential campaign I’ve covered as a regular policy reporter and I can’t recall a major candidate, from either party, who provided less information or answered fewer questions than Romney has. John McCain’s 2008 campaign didn’t have a reputation for policy heft. But when McCain put out his health care proposal, it was an actual plan with real numbers. And he dispatched his advisers to talk about it. Liberals like me didin't love the plan itself, but at least we had a common frame of reference for debating it. Romney, by contrast, refuses to answer questions and, with only a few exceptions, has not even made advisers available for serious on-the-record interviews. Would Romney’s plan provide assistance for everybody, or just those who pay taxes? How much would it cost? These are basic, fundamental questions and nobody from the Romney campaign has answered them. (Those of us writing about it have been left to read between the lines of carefully worded campaign blog posts and columns by well-connected conservative writers.)

It’s not an isolated example. Here we are, a day left in the campaign, and Romney still hasn’t told us how he’d offset the cost of his massive tax cut—except to say he’d do it through deductions without raising taxes on the middle class, an approach that independent analysts have said is mathematically impossible. Romney still hasn't provided details on his "five-point plan" to boost the economy, even though his central claim as a candidate is that he'd do more to improve growth. Romney still hasn’t told us which programs he’d cut in order to cap non-defense federal spending at 16 percent, even though independent analysts have suggested doing so would require draconian cuts few Americans would find acceptable. Even in the spotlight of a nationally televised debate, when confronted with these questions, Romney wouldn't answer.

Romney’s distortions and evasions have been so frequent, and so central to his campaign, that the blogger Steve Benen created a weekly feature on them called “Chronicling Mitt’s Mendacity.” Last week, in its 41st edition, included 33 separate items. And it’s not just liberal writers who have noticed. Paul Ryan’s infamous convention speech was something of a watershed moment: Confronted with multiple and obvious distortions, the media reacted by reporting that Ryan was not telling the truth.

And yet Romney and his advisers haven’t stopped or apologized. On the contrary, they have all but declared that deception is their plan, reveling in the disapproval of elites. Back in the spring, one top Romney advisor foretold the moment when, after the primaries, the campaign would “etch-a-sketch” Romney’s persona from conservative to moderate. Then, in the late summer, another Romney advisor declared that "we’re not going to let our campaign be dictated by fact checkers."

The message couldn’t be clearer. Romney and his advisers don’t care about consistency, transparency, or candor. And they think they can get away with it. Are they right? We’ll find out on Tuesday night.

 

FOR PROGRESSIVES, I KNOW, getting riled up to vote against Romney is easy. But getting riled up to vote for Obama? For many, that’s still difficult. And I suppose I can understand why. The 2008 election was about ending a dreary, dreadful period of conservative governance. It was also about electing the first African-American president—and imagining the agenda he might enact. Four years later, the Bush Administration is a distant memory, an African-American is already the president, and the agenda Obama enacted feels inadequate. He didn’t do enough to boost the economy. He didn’t get a public option in health care reform. He didn’t enact cap-and-trade.

The shortcomings are real enough. And some, like the failure to do more for homeowners and the ambivalence towards Wall Street, seem to reflect clear misjudgments from the president. But the ledger has another half. The Recovery Act saved the country from a depression, saved millions of jobs, and laid the groundwork for a green economy. Financial reform, however weak, established new rules for lending and banking that, at the very least, should protect consumers from fraud. The auto industry rescue saved a vital piece of American manufacturing, while sparing the Midwest from outright economic catastrophe. Health care reform, notwithstanding its many flaws, will make insurance available to nearly everybody, make coverage more secure for those who have it, and begin the hard work of making medical care less expensive. It's also what Senator Tom Harkin memorably called a "starter home," with a good foundation and room for expansion—in other words, a policy approach that progressives can improve and expand over time. The same is true for Obama's other reforms, just as it was for signature liberal policies like Social Security when they first became law. And the best ideas Obama has put forward for the next four years, like the American Jobs Act, adopt the same approach he took in the last four.

By any reasonable standard, no president since LBJ accomplished as much on domestic policy. And LBJ didn’t have to contend with the same political obstacles. The public wasn’t as skeptical of government. Conservatives didn’t have (quite) as much power to obstruct. Obama made plenty of mistakes, about policy and about tactics, but he also fought the good fight—and, more important, he did so when it was difficult. He didn’t let the auto industry die, even though the polls said it would be unpopular. He didn’t let Republicans roll him on food stamps on Medicaid, even though it would have helped him achieve an elusive spending deal. He didn’t drop health care reform—not in January, 2009, when advisers warned him it would be difficult; not in August, 2009, when the Tea Party protests exploded; and not in January, 2010, when Scott Brown’s election made enactment seem impossible.

Obama staked his political life on these gambits. With this election, progressives can help decide whether he made the right bet. And if they don't? The damage to progressive causes could last a long time.

Change in American politics is difficult, because the constitution divides power among three branches of government. Progressive change is almost impossible, because the big money in politics typically lines up on the other side. If progressives don’t reward Obama for what the positions he took—if they don’t turn out for him on election day—future reformers will take notice. And when they confront similar situations, when the polls start to look bad and advisers tell them to back off an important goal, they won't push forward defiantly. They'll buckle.

But the most important reason for progressive to go to the polls on Tuesday is the simplest. They need to make sure the accomplishments of the first term stay on the books, because the lives of real people depend upon them. I’m thinking of people like Caleb and Stacy Lihn.

You may remember the Lihns from the Democratic convention, when Stacy spoke about their baby girl, Zoe, who was born with a congenital heart defect. Zoe has had two open surgeries, with a third likely to follow. Someday she might need a transplant. Her medical bills are well into six figures and were on their way to exhausting a lifetime cap on benefits, a common feature even among relatively generous insurance policies, until the Affordable Care Act became law. Eventually the Lihns got a letter, from their insurance company, stating that the lifetime cap was gone. “Like so many moms with sick children,” Stacy said, “I shed tears and I could breathe easier knowing we have that net below us to catch us if we fall.”

There are literally tens of millions of Americans whose well-being is as dependent upon Tuesday’s vote as the Lihns is. They are the students who need government assistance paying for college. They are the working moms and dads who need food stamps to put dinner on the table. They are senior citizens, and their families, who need Medicaid to pay for long-term care. They are the janitors who need a union and the miners who need a safe workplace, the parents that need training for a new job and the kids who need a better public school.  

Hope and change? In 2008, it was an aspiration. In 2012, it is a work in progress. On Tuesday, we'll find out if the progress continues.

Updates: I made some changes for style, added references to tax cuts for the wealthy and Obama's jobs proposals, clarified my thoughts about the conservative columnists, and tweaked the ending.

SHARE YOUR THOUGHTS

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35 comments

"The Most Important Election of Our Lives" Really?! You might be asking yourself, didn't they say that about 2008? 2004? 2000? 1992? 1980? Kind of. Actually, yes. And elections really are getting more and more important. Why it's true is partially because of contingent reality--2008's reality was shaped by the 2004 election, which allowed 2004 to make 2008 even more important. But really, the main reason is the Republican Party. Here we have one of the great political parties, one of the oldest in the world, going cuckoo and getting further unhinged in every election I listed. Each time you think it's the most important election, they get crazier and raise the stakes. You might begin to wonder, "when will we hit Peak Insanity"? That is, when will we jump the conservative shark? That's relatively easy: when their electoral strategy stops working for them. The point of the 2006 and 2008 drubbings was to stress to die-hard Republicans that they should get with the game and reform their party to align with the issues deemed important by a changing electorate that had its fill of the party as presently constituted. The old and the powerful are two of the most reluctant to change, so they bet it all on 2010, which wasn't too stupid since that was a redistricting midterm and the hole Obama promised to heal was too deep for two years. That strategy reaped massive rewards, allowing them to continue the party as is. 2012 looks like it will stop it in its tracks, and 2014 is expected to send them running to the hills, with Hillary '16 expected to compound the damage. Problematically, Alec MacGillis's post on the coming recriminations does not propound the theory that maybe the party needs to change. They very well may have wed themselves to status quo Republicanism for at least two if not four more years. And this means that--mark my words--2016 will be the most important election in your lifetimes.

- chaitless

November 5, 2012 at 1:18am

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In a rally today, Mitt Romney flubbed his unemployment lie, and accidentally said the truth, "Employment is higher today than when Barack Obama took office." No matter how many more lies Republicans focus group, then manage to implant, at least temporarily in voters' minds, they will not be able to do as much damage after implementation of Obamacare, Dodd-Frank financial reform, the Consumer Protection Agency, supreme court nominations, tax reform, and economic growth under a second Obama administration; at least not using the increasingly obvious Atwater/Rove/Ailes tactics. If Democrats and a second Obama administration can get campaign finance reform, Republicans will have to become a loyal/patriotic opposition again, to increase their power, instead of a rentier tool against the public good. It may take a generation or two to repair the undermining of our representative democracy and economy begun by Republicans (with help from Democrats sometimes, including Bill Clinton), but there is hope. That's why I will feel even more hopeful after an Obama win in 2012 than I was in 2008. In a second term, I expect many will be surprised, to find that some of Bill Clinton's love of the bully pulpit will seem to have rubbed off onto President Obama. But a close reading of Bill Clinton's history shows how that power increases with economic growth, a second term, and especially for a good learner like President Barack Obama.

- JCAtwood

November 5, 2012 at 3:12am

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You've said it: the biggest problem with Romney is no one knows what he stands for and he'll go wherever the political tide takes him. A dangerous situation. A country adrift.

- Claris

November 5, 2012 at 5:01am

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This is a good list. It is missing what is most important for me: Common sense in our tax policy that Reagan attacked and Bush attacked a second time. Romney's tax plan consists of tax subsidies for Oil that could better be spent elsewhere, lower top rates that don't help consumption, and lower taxes on investment income which diminishes investment in small business where profits are taxed higher. If Romney loses, we have a mandate against such stupidity.

- Nusholtz

November 5, 2012 at 7:11am

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thank you for this excellent article. 23 hours to go.

- magrick

November 5, 2012 at 8:00am

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Nice summary, but how in the world, Jonathan, could you manage to get through that whole rehearsal and not even mention the Supreme Court? It's not at all unlikely that Ruth Bader Ginsburg needs to be replaced in the next 4 years, and Anthony Kennedy is old enough to be a worry as well. A solid conservative replacement of either would likely give conservatives a lock on the Supreme Court for another ten years.

- IowaBeauty

November 5, 2012 at 8:13am

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IowaBeauty-- You know what? I had a paragraph on it, took it out for unrelated reasons, meant to add a reference elsewhere, and forgot. (I did leave in a reference to reproductive rights.) But you're right: It's important, and not just for abortion rights. I'll go ahead and add an update.

- Jonathan Cohn

November 5, 2012 at 8:42am

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The only reason Romney looks like a moderate coming out of Massachusetts was because the overwhelmingly Democratic government of that state over-rode his veto more than 100 times to prevent him from enacting his draconian policies. That's not "working with". And without an over-whelmingly Democratic House and Senate, we certainly can't trust him in the Whitehouse.

- AllanL5

November 5, 2012 at 9:13am

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This is a rare, dumb, piece by Jonathan and I'm sorry he "went there." No, this is not the most important election of our time. With a split Congress and bipartisan agreement in the private world that something has to be done about the "fiscal cliff" (unfortunately agreeing on something like Bowles-Simpson) the policy differences between these two, while large indeed, are small compared to how different life would have been with President Gore instead of President George W. Bush. Look, I lobbied Congress myself to pass the Affordable Care Act, but if I could trade that for the Iraq War, Great Recession, W's Supreme Court AND appellate court selections, the incompetent leadership of FEMA during Katrina, 6 years of a torture regime - are you kidding me?

- Lymon1

November 5, 2012 at 10:23am

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A great summary, thank you!

- Wonderland

November 5, 2012 at 10:51am

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I'll beg to quibble and say that 2000 was the most important election of our times, in that it set our country on a course regarding inaction on climate change, invasion of Iraq, nonexistent oversight of Wall Street (admittedly, building on dismantling important laws and regulations over the previous 20 years), locking in a conservative Supreme Court majority and a host of other Bush Administration harms that will exact a tremendous toll on America and (with climate change and certain other issues) the world for decades or even generations to come. But, having said that, JC, I'll also say that this is a superb article on what's at stake. Regardless of whether this is the most important election, the ramifications are truly huge. Congratulations on the best of the several summaries I've seen of what we stand to gain and lose tomorrow. I'll add that your piece also suits a personal agenda, in the wake of a debate my wife and I had with our son the other day about the importance of this election. While voting for Obama, he's of the opinion that a Romney victory won't have horrible consequences and that America has this self-correcting aspect to its politics that insures that things gradually get better over time, regardless of who wins or loses an election. That point of view, which I vehemently disagree with, could be the focus of a whole other post. But for now, suffice to say that I'll forward this article to him, in the hope and (given that he's a pretty open-minded guy) expectation that it will nudge him toward an appreciation of the fact that the outcome of Nov. 6 will make a very big difference.

- Thunderroad

November 5, 2012 at 11:16am

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What Bill Clinton has earned with his unstinting commitment and service to the campaign is President Obama, in 2016, thanking Biden earnestly for his contributions and then handing his backing and his organization over to Hillary. In 2008, I didn't think Hillary had nearly enough electoral experience, or any other sort of experience, to beat McCain (her senate seat was handed to her on a platinum platter), even with Bill's help. I think she has now paid her dues in real-world experience and I am ready to be an enthusiastic supporter of Hillary in 2016. Twelve years (preferably 16) of Democratic governance should be enough to set the country back on the progressive path, championed by TR, FDR, and LBJ, as Cohn points out, and interrupted by Reagan for a generation. The neo-con, supply-side, reactionary experiment is a total failure, in every way. We need a bit more time for that to be apparent to overwhelmingly low-information Americans. We need enough time since Bush's disasters to have elapsed so that the benefits of a reality-based approach to governance can be felt. ______________________ The most important election in my lifetime, I was born in 1952, was 1968. I often think about the world we would be living in if Bobby Kennedy had not been assassinated. I think he would have been president. No Nixon, an early end to Vietnam, no Watergate, no Carter, no Reagan. Perhaps the consolidation of the gains of the civil rights movement without the backlash that became the Republicans' Southern Strategy and laid the basis for the current polarization. The Republican party today is the party of the Confederacy, plus some relatively un-populated libertarian Plains states, plus the religious extremism of Utah and Idaho. Throw in Indiana as the last vestige of former "Mid-west Republicanism" and Arizona as a state that will turn blue before very long. We are still fighting the Civil War in this country. I think Bobby might have made peace.

- roidubouloi

November 5, 2012 at 11:47am

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You write, "...this country has been trying to manage and tame capitalism, not to undermine it but to save it,..." Are you sincere? Saving capitalism by expanding the welfare state is your goal? I'll take you at your word. Now tell me what is it you and other progressives like about capitalism and feel is worth preserving and even expanding? Sure sure, capitalism is historically responsible for democracy, but that is too abstract. Just to make it concrete, describe what you like about two of my favorite corporations (honestly!), Exxon and Chevron. Or Lockheed or Merck or Caterpillar, all stellar examples of American capitalism. Or if you prefer to deal with capitalism writ large, well go ahead, enumerate everything you like about it.

- halaby

November 5, 2012 at 1:00pm

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Roi, I would agree on '68. Not only was it a turning point in our modern history, many of us knew at the time that it was just that. One could not forsee just how corrupt a Nixon administration would be, or the consequences that flowed downstream from his election, but it was obvious we were at some sort of crossroads, and obvious to me at least (I'm about your age), that Nixon's was the darker path. I think this election is important, but I actually don't think a Romney wins will fundamentally change the direction of the country in any but the short term. It might, by giving the Republicans another run at actually setting policy reinforce their more fearful angels of their nature, and thus hasten their eventual downfall. I don't see how Republican ideology survives the coming demographic disaster they have so assiduously courted for long in any case, however. But for all that, the short term pain from a Romney victory would not be small.

- IowaBeauty

November 5, 2012 at 1:02pm

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We must thank Mr. Cohn and other TNR writers for his/their many articles illuminating the plans and philosophy of the modern GOP, especially as embodied by Paul Ryan. And, if Romney wins - his staff apparently is already calling him Mr. President - my god - I wonder if the fix is in? There's no polling evidence whatsoever to support this claim, none - the chutzpah! Unless they've rigged the election - which I fear - And - he will have won by lying and vast sums of corporate bucks and we will have lost our country, maybe for good. Women, the environment, workers, people of color, religious minorities - people who need health care, seniors, poor people, the disabled and their families - in other words, a majority of Americans in aggregate stand to lose rights and protections. Worst of all we'll have seen that racism and blatant lies and wads of corporate cash can win an election and that scares me. I wonder if this is how people felt in other fraught periods of history, watching their country slipping away. There are lines, hours long, people wanting to vote and too few polling places, too few hours in the day, open attempts to suppress the vote. Racism is a naked subtext of this election but also of Obama's entire presidency. We've all suffered from it, we suffer too from the growing power of the superstitious, of people who deny science, who live in an alternate reality. The GOP has become the party not only of naked greed and power tripping but also of religious fundamentalism, anti-intellectual, anti-community, and they're brilliantly employing a strategy of "states rights" which is effectively making it possible to pick us off one by one, passing legislation that wasn't created by or for the people but by and for the mighty, created by right wing groups with economic and philosophical agendas often unrelated to what people want or need but slipped through local and state legislatures - More than ever I wish Al Gore had fought the 2000 election all the way through Congress. The Supreme Court had no right to anoint George Bush. At the time, my family and I realized that something dire had happened, effectively a coup d'etat. As for Obama, I think more highly of him today than in 2008. I had been a Hillary supporter, thought Obama was brilliant but insufficiently experienced in top level government. I think that assessment was correct but he's been through a trial by fire and he's grown. He's become wiser, tougher, and finally aware that the people, ordinary workers, women, minorities, need a champion. And he's a capable, effective Commander in Chief. If American fires this man I honestly think I might be looking for a way to flee because I'll no longer trust my fellow citizens. I will think they're stupid and racist and misogynist. I will fear my neighbors. I will worry when the other shoe is going to drop and I won't be able to afford my modest existence. My life will be measured in a span of months, a few short years rather than hopefully productive decades. There will be no future. I've often wondered how my ancestors knew when to flee. I come from a long line of Jews who knew when to get out. Otherwise my family tree would be extinct. Well, they probably had a well-developed sense of when a tipping point had been reached, when irrationality among their fellow citizens had become outright dangerous. Maybe we're not at the point (yet) where the KKK is back. People aren't being lynched though the sentiments remain. No. This is arguably more sinister - these guys wear suits and have nice hair and claim to be oh so Christian. But their impact on people, on people's lives, on the survival of our environment, is far greater, given the power of the office and growing corporate control of our government. That means using Orwellian language to mask intent. "Job killing EPA" means - strip the environment of protection, in the fact of disastrous global warming. The list of lies is long but it all adds up to a snow job, even to the point of blatantly threatened gridlock and recession and loss of work should the Democrats prevail. They're threatening us! This is government by protection racket is it not? Women alone face increasing struggles simply to maintain hard fought equality and we still aren't equal in the workplace and we still aren't really free to control our own bodies. When half the population has to worry about privacy, equality in the workplace and equal access to health care - that's huge. That issue alone is simply enormous. And so is the separation of church and state - which is related to women's struggles: we can't afford to go back to the Dark Ages when men of wealth, of a certain color and religious affiliation ruled the rest of us simply because of who they were, how they were born (male, white, Christian, rich). So, I agree with Jonathan Cohn. This election is important. It is vital.

- Sophia

November 5, 2012 at 1:11pm

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halaby: "Now tell me what is it you and other progressives like about capitalism and feel is worth preserving and even expanding?" Capitalism is very good at assembling assets and energies needed for production and deploying them in a focused way, especially in the short and medium term. However, capitalism is not so effective when it comes to meeting social needs in way that requires non-market thinking and criteria. For those needs (education, infrastructural investment, health care, law enforcement etc), one requires a longer-term framework that government can support. To take one of your examples, Lockheed is great at designing and building aircraft, but we still need the FAA to inspect them for operational safety. Interesting that your examples are all companies that do concrete stuff over the long term -- it's a lot easier to see the value in that kind of capitalist enterprise than in murky financial markets.

- ironyroad

November 5, 2012 at 1:22pm

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ROI: "Twelve years (preferably 16) of Democratic governance should be enough to set the country back on the progressive path, championed by TR, FDR, and LBJ, as Cohn points out, and interrupted by Reagan for a generation." I don't think this is going to make a difference. The supreme court's decision on PAC money is going to destroy this country. We have an amazing campaigner in our president, and maybe Hilary can equal him, but in the meantime, the senate and house are getting huge influxes of money--to the point that we could at some point lose the senate. And what happens when we're out of charismatic dem. presidential candidates? Or if Hillary is too old and tired to run? This supreme court has destroyed our country. It's just a matter of time. Then we can get a president who believes in lopping off taxes for the rich, in torturing alleged terrorists, no insurance for the poor. And that's just the start. I put the blame squarely on Scalia and friends.

- MOLLYSIMON

November 5, 2012 at 2:22pm

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I half-agree with you, MOLLYSIMON, in that the SC really does trump all else on some crucial issues, especially the especially crucial one of how our elections are conducted or decided. But if in fact we were to have 12 more years of Democratic presidents, that should be enough to install a Democratic nominee to replace 76 year old Kennedy and/or Scalia. It's a long-term view, and obviously does nothing to help out over the next five or ten years, but it offers me a bit of solace and hope.

- Thunderroad

November 5, 2012 at 2:32pm

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This sounds like another appeal to fear, which is all that Mr. Obama's re-election seems to be based on. If the Democrats were really committed to preserving programs for people who need them most, they should have picked as their presidential nominee in 2008 and 2012 someone with more backbone, more willingness and ability to lead, and more ability to work with the opposition that Mr. Obama. As a president, he is hopelessly in over his head. While I have some worries about what Mr. Romney might do as president, I'm willing to give him a chance. And I'm not one of Mr. Obama's "plutocrats." I'm a working American who feels that Obamanomics isn't working for me.

- Spengler47

November 5, 2012 at 3:43pm

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I was alive in 1964 -- now THAT was an important election.

- tross

November 5, 2012 at 4:00pm

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Tross - that'd definitely give 2000 a run for it's money, but neither Cohn or myself were alive back then :-) How about the *least* important election of our lifetime. I'd say Carter/Ford.

- Lymon1

November 5, 2012 at 4:10pm

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"How about the *least* important election of our lifetime. I'd say Carter/Ford." I disagree, since Carter's win led to Reagan's win four years later. Had Reagan lost the economy would have been in much better shape and we wouldn't have had to suffer through eight years of Bush Jr. and four years of Bush Sr.

- arnon1

November 5, 2012 at 4:47pm

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I don't want to get ahead of myself, but we win this thing, and inshallah, the Democratic candidate could actually run touting the benefits of the Affordable Care Act in 2016. Imagine that!

- ClumsyMohel

November 5, 2012 at 5:08pm

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Halaby, I spent my working life on Wall Street, first as a commercial banking lawyer with a large and prestigious firm, then as a merchant banker, then with my own firm as a securities trader. I have set on the boards, and chaired a few, in diverse industries. I have run a manufacturing company. Presently, I am 3/4 through a doctorate in economics. I know something about capitalism and markets. Capitalism is a marvelous invention, superb at allocating resources, raising capital, and directing capital and labor to where they can be most productive. However, it is a tool, not an end in itself. It has value to the extent that it increases human welfare, and not just for the few who are politically most powerful. We didn't need capitalism for that. They have been doing well for several thousand years now, since well before the invention of capitalism. With 35 years in finance and quite a few in graduate school and law school, it is still the case that the single most important thing I know about capitalism and economics I learned on the first day of a course called "Economics for Lawyers," taught at the University of Michigan Law School by the distinguished professor Peter O. Steiner. He said, at the beginning of that class, "There are some things markets do well and some things they do poorly or not at all. We are going to learn the difference." Market capitalism is very useful, but it is not a panacea. There are things, such as providing for general security, infrastructure, education, health care, retirement, and income equity, that it does poorly or not at all. Without them, however, we would be living in a world of primitive 18th century capitalism, with nowhere near the per capita output we enjoy today. Doing these things well is essential for both the success of a modern market economy and to achieve the human welfare that is the ultimate point. As well, markets are prone to a variety of modes of failure, including rent-seeking and monopoly, externalities, such as pollution, notably carbon pollution, asymmetries of information, a significant factor in the mortgage loan crisis, and, at times, insufficient private demand. It is up to government, through prudent regulation, fiscal, and tax policy, to correct for these market failures and/or limit their adverse consequences. Markets and capitalism are tools. They should not be fetishized either as ends in themselves or as perfect and not in need of supervision and alternatives in the cases where they do not function well. __________________________ Spengler, With the stimulus plan, the auto rescue, the financial bailout, Dodd-Frank, and the ACA, Obama did exactly the right things for the health, recovery, and future success of our economy -- not enough of them, and with plenty of warts and holes due to the necessity of compromising with crazed Republicans. Understand this: supply-side, Republican economics is pure voodoo. It has produced nothing but loss and failure since Reagan first began to try it in real life. If it were up to the voodoo crowd, none of the five elements would have been achieved. Even now they advocate, absurdly, austerity as the proper response to continued slack in the economy. This is failing everywhere on the planet that it is being tried. Nuttery. We are in better shape than most precisely because of Obama's Keynesian program. So don't be carrying on about how Obama doesn't understand economics. It is the Republican party that continually presses upon us economic nonsense, oblivious to the reality that their program has never in history produced any outcome claimed for it. Just the reverse: slow growth, widespread unemployment and under-employment, and a catastrophic financial meltdown. If we had responded as demanded by the Republicans, we would now be mired in a deep economic depression.

- roidubouloi

November 5, 2012 at 8:44pm

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Hey, roi, why don't you run for office? I'm serious. Run for Congress. I've thought of running for office myself. If I didn't live outside the US, I'd give it serious consideration.

- AaronW

November 5, 2012 at 9:55pm

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Maybe in ten years when my kids are at uni (or in the IDF as my youngest is currently contemplating after a recent trip to Israel where the Armor Corps Museum at Latrun was a highlight), when I've finished writing my novel and I'm bored with medical practice, I'll move back Stateside and give it a run. D'ya think a white, Southern, MD, Australia/US dual national, atheist Jewish convert, surfer who learned the USMC anthem at age five yet favors same-sex marriage, higher tax rates and full legalization of narcotics has a place in American politics?

- AaronW

November 5, 2012 at 10:11pm

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Good grief! Everyone always praises the growth, lack of income inequality, etc, of fifty years ago. What did we have then, more capitalism, more racial prejudice, no laws against discrimination in employment.

- horsefly

November 5, 2012 at 10:17pm

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Thanks, Aaron. That's very flattering. I did in fact run for office once. More than a decade ago, I was approached, out of the blue, by the local Democratic committee to run for head of the town (a relatively large political subdivision in New York, smaller than a county, but incorporating many villages). I had been active on some local environmental issues that caught their attention. As I had absolutely no prior experience, I had to assure myself first that they really had no one better, then agreed to give it my best shot. It was truly a trial by fire, learning how to campaign while doing it. I came within a hairsbreadth of defeating the Republican incumbent. Had I known at the beginning what I knew by the end, I am sure I would have won (mostly because a couple of years later my opponent's pollster told me that we were winning until the last week and then made the mistake of resting and letting the opponent get up off the map -- not unlike Obama's first debate in a way where he forget that you cannot stop fighting until the day after the election). After losing, I then became the chair of the local Democratic committee. Applying what I learned campaigning and losing, we went on to sweep the next three elections. These days, I prefer to work behind the scenes. Being a candidate, or holding public office, is a brutally frustrating experience. Not for someone who needs to accomplish things. Extremely hard to do. Working from behind, I can actually get a lot of people elected, which has a larger impact than if I ran for some office myself. Plus, then they have to do the job, not me. After a successful campaign, I can go back to my life. Their misery is just beginning. Part of my motivation for studying for a PhD in economics is to try to get into a position where it is possible to influence the course of public policy far more than any officeholder, possibly even up to the president, is able to do. The left needs to get important ideas into the public consciousness and then organize around them on a longer term basis. We have to be strategic, not just tactical, running election campaigns and then having to slog against Republican opposition once elected. That is what I hope to contribute to. There is definitely a place for you in politics if you have the energy. But perhaps not in the south.

- roidubouloi

November 5, 2012 at 11:12pm

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The best part of running for office is that it gave me insight into how politics and political campaigns actually work that I don't think I could have gained any other way. I see the political world very differently now that I have both run and lost and managed campaigns successfully. I benefited hugely from a mentor during the first campaign who doggedly explained to me the nature of political communication. It took a long time to sink in, as a lot of it is counter-intuitive, but eventually it did, to good effect for the people I then helped to elect.

- roidubouloi

November 5, 2012 at 11:14pm

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Something else that is important is customer service. I am unable to log on to the iPad app. Multiple emails and phone calls to customer service have been ignored. What should I do?

- georgepro

November 5, 2012 at 11:15pm

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An Obamacon makes the conservative case for Obama, and this, on the site of the Pat Buchanan magazine, The American Conservative:

In fact, the president’s reelection depends on a consensus around hard truths, the acknowledgment that immediately after the economic crisis, maybe we didn’t “deserve” to have the best years ever. Obama’s reelection, in a landscape hostile to any incumbent, would signify a certain reckoning, some actual grappling with the complexity of the crisis at hand, and a realization that neither Republican flag-waving nor sloganeering for “hope and change” are substitutes for hard choices. In this sense, the re-election of Obama might represent a surprising and mature moment in American politics. At his best, Obama stands for understated stewardship, pragmatism, and responsible governance in time of global, structural economic shock, and in the face of a Republican opposition that hasn’t even shown an interest in conservative policy outcomes. Even as a lame duck, Obama is more likely to strike a responsible deal on long-term deficit reduction, pursue a policy of restraint on Iran, address the immigration mess, and enact conservative-friendly changes to education policy and, yes, his own health care law. Neither candidate for president offers a healthy, reality-based conservatism. But one candidate gives a fairer accounting of the realities we face. As a conservative, I opt for the familiar slog, even if it means stasis, and the “long rugged path” predicted by the current president four years ago.

- icarus-r

November 5, 2012 at 11:24pm

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"There are some things markets do well and some things they do poorly or not at all" ... "Capitalism it is a tool, not an end in itself" Roid, I agree entirely. However, it is not accurate, in my opinion, to cast the rift between the left and right as capitalism vs socialism. Except for fringe elements, most people have accepted that we must live in some variant of a mixed economy. I think the real conflict is one of fundamental values - individualism vs collectivism. Both sides of this argument have valid points. Collectivism can definitely solve certain problems. I have been practicing medicine for 22 years and have come to the conclusion that it is not possible for the free market to function properly in this industry. My specialty is pediatric schizophrenia. Long term treatment can be extremely expensive. I see many desperate patient families ready to hand over their net worth for another six months of treatment. No one is shopping around in some "market". I believe this is what you economists refer to as "inelastic demand". We are in dire need of national health care with a focus on cost control. At the same time, I am concerned that a government takeover of healthcare will bring severe negatives - abuse, bureaucracy, well meaning but dumb regulations, and inefficiencies. It will also require that some surrender their individual freedoms to solve a critical problem in society. I take individual freedoms very seriously, which is why I believe such a life altering undertaking requires broad national support. I believe that if people stopped clawing at each others throats long enough, arguing rabidly about the price of tea in China, we could accomplish this. I will refrain from disparaging President Obama at this point and will simply say that it is my sincere hope that he, his party, and the Republicans begin to move towards national consensus on key issues - healthcare, debt, economic policy, immigration, foreign policy, and security. If we continue to feud bitterly, our nation will surely decline.

- Nicomachus

November 5, 2012 at 11:31pm

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Spengler: those same worries led The Economist and The Financial Times to endorse Obama. But more generally, I think it's time, if you want to be taken seriously, to set aside "in over his head" and "does not have a clue" critiques of Obama. An Administration is not one man. Obama might not understand economics - I have no clue if does or does not - but he has a lot of people around him who do, and economic policy is made following discussion and consultation with all these pretty smart people. Allison - the Obamacon I quoted above - and Roid have set out the Administration's legislative achievements. But legislative achievement depends on Congress, and this is not always a good measure of the success or failure of a President. Now, the key difference between Bush and Obama is to be found in the management of the Executive - where the President's capacities have a direct impact. Four people, in my view, highlight the true "cluelessness"of Bush: Rumsfeld, for his disastrous management of the war in Iraq; Gonzales, for admitting under oath he had no idea who ran his Department (either that, or lied under oath to that effect); Harriet Miers; and the creme de la creme of the Bush hackocracy, Brownie. The first and the last led to untold sufferings; the middle two, only highlighted the disaster that the was the Administration. Nothing - but absolutely nothing - like that can be found in the Obama Administration. There you have your answer about actual leadership and presidential management.

- icarus-r

November 5, 2012 at 11:45pm

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"At the same time, I am concerned that a government takeover of healthcare will bring severe negatives - abuse, bureaucracy, well meaning but dumb regulations, and inefficiencies. It will also require that some surrender their individual freedoms to solve a critical problem in society." Nico: unless you have unlimited means, in the case of a catastrophic illness, the idea of individual freedom is meaningless. So in respect of your second point, the question is not that freedom or no freedom, but whether insurance companies should run your health care, or a public agency that is ultimately accountable to you as a citizen. As for "government takeover of healthcare" and all the ills you identify - there are different models, and none that I know of has as many rules and regulations as insurance companies and HMOs impose on healthcare provision in the United States. There are delays - I have had to wait three years for an elective surgery that I could have got in Europe in a week - but ... you know what? I don't mind it. When close relatives had to go through cancer and strokes and heart attacks, the public health care system acted quickly and dealt with the problems. And that is only in my own immediate family. t Nothing in life is absolute, and we all have to make compromises living in society. That in two years, 55 million people will have health insurance that they do not now have, in pure ethical terms, is the greatest achievement of this President, and possibly of any since LBJ.

- icarus-r

November 5, 2012 at 11:54pm

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Icarus, I didn't cite those achievements by Obama as evidence of his management skill, but rather that his administration understands economics -- real economics, not supply-side voodoo economics -- much better than the right. Nichomachus. There are two and only two ways to control costs. The market can do so through supply and demand. But then, you have to be willing to allow the willingness and ability to pay to allocate health care. Because that's how prices work. However, we are then faced with the moral dilemma that many people cannot afford the health care they need. It is fine to say that willingness and ability to pay should control who gets a Cadillac. But health care? If we are going to give everyone the means to pay for health care, through some kind of insurances system, then ability and willingness no longer set the price or the consumption. If nothing else controls the price, you get prices and consumption out of control. That is exactly the situation we are in now. Health care is eating up 18% of our GDP, without universal coverage. In France, it is 11% of a smaller per capita GDP, the have universal coverage, and their medical outcomes are as good as ours. The only agency that can control costs if the market is not going to do it -- because we want people to get the care they need rather than what they can afford -- is government. Government can serve as a monopsonistic buyer (the opposite of a monopolistic seller) setting the price and the consumption. The supply side will then respond to the prices no differently than if they were set by private demand and compete to earn profits at the prices offered, thereby controlling costs. Sure, this is not free of problems, but we have the waste, fraud, and abuse problem in spades now. That's why our medical costs are so high. France can solve that. We can solve it. As for loss of freedom, whom do you want to decide what care you get? An insurance company that pockets every dollar it refuses to spend on your care or a government that is at least accountable to the citizenry? I know who I would choose.

- roidubouloi

November 6, 2012 at 1:06am

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