http://www.thenation.com/doc/20081117/greider_election

President Obama: This Proud Moment

By William Greider
The Nation: November 4, 2008

We are inheritors of this momentous victory, but it was not ours. The
laurels properly belong to the Rev. Martin Luther King Jr. and all of the
other martyrs who died for civil rights. And to millions more before them
who struggled across centuries and fell short of winning their freedom. And
to those rare politicians like Lyndon B. Johnson, who stood up bravely in a
decisive time, knowing how much it would cost his political party for years
to come. We owe all of them for this moment.

Whatever happens next, Barack Obama has already changed this nation
profoundly. Like King before him, the man is a great and brave teacher.
Obama developed out of his life experiences a different understanding of the
country, and he had the courage to run for president by offering this
vision. For many Americans, it seemed too much to believe, yet he turned out
to be right about us. Against all odds, he persuaded a majority of Americans
to believe in their own better natures and, by electing him, the people
helped make it true. There is mysterious music in democracy when people
decide to believe in themselves.

Waiting for the results, we all felt nagging tension, even when we were
fairly sure of the outcome. I heard from a newspaper friend, a wise old
reporter who never gave in to Washington cynicism. "This election eve
night," he wrote, "I feel myself tingling about the prospect of a nation
which used to lynch blacks during my lifetime electing a black man
president. I so hope it happens, believe it would electrify the world. I
think he is the bravest man in the world, perhaps the most foolish one as
well.... I worry about him like a Jewish mama."

We heard from another family friend, an African-American woman who teaches
law in North Carolina. She reported weeping involuntarily when she saw
Obama's picture. Did she know why? She said she saw her adolescent son's
face in Obama's. Great moments in history give emotional definition to our
lives and we carry those feelings forward with us, our own private meaning
of events.

In this way, Obama redefined the country for us, but our responses involved
generational differences. For younger people, white and black, his vision
seemed entirely straightforward. It is the country they already know, and
they expressed great enthusiasm. Finally, they said, a politician who
recognizes the racial differences that are part of their lives and no big
deal. For young blacks and other minorities, Obama's place at the pinnacle
of official power lifts a coarse cloak that has blanketed their lives and
dreams-- the stultifying burden of being judged, whether they succeed or
fail, on the basis of their race.

For others of us at an advanced age, Obama's success is more shocking. We
can see it as a monumental rebuke to tragic history--the ultimate defeat of
"white supremacy." That vile phrase was embedded in American society (even
the Constitution) from the outset and still in common usage when some of us
were young. Now it is officially obsolete. Racism will not disappear
entirely, but the Republican "Southern strategy" that marketed racism has
been smashed. Americans will now be able to see themselves differently,
North and South, white and black. The changes will spread through American
life in ways we cannot yet fully imagine. Let us congratulate ourselves on
being alive at such a promising moment.


About William Greider
National affairs correspondent William Greider has been a political
journalist for more than thirty-five years. A former Rolling Stone and
Washington Post editor, he is the author of the national bestsellers One
World, Ready or Not, Secrets of the Temple, Who Will Tell The People, The
Soul of Capitalism (Simon & Schuster) and--due out in February from
Rodale--Come Home, America.

***

http://www.nytimes.com/2008/11/07/opinion/07krugman.html?th&emc=th

The Obama Agenda

By PAUL KRUGMAN
NY Times Op-Ed: November 7, 2008


Tuesday, Nov. 4, 2008, is a date that will live in fame (the opposite of
infamy) forever. If the election of our first African-American president
didn't stir you, if it didn't leave you teary-eyed and proud of your
country, there's something wrong with you.

But will the election also mark a turning point in the actual substance of
policy? Can Barack Obama really usher in a new era of progressive policies?
Yes, he can.

Right now, many commentators are urging Mr. Obama to think small. Some make
the case on political grounds: America, they say, is still a conservative
country, and voters will punish Democrats if they move to the left. Others
say that the financial and economic crisis leaves no room for action on,
say, health care reform.

Let's hope that Mr. Obama has the good sense to ignore this advice.

About the political argument: Anyone who doubts that we've had a major
political realignment should look at what's happened to Congress. After the
2004 election, there were many declarations that we'd entered a long-term,
perhaps permanent era of Republican dominance. Since then, Democrats have
won back-to-back victories, picking up at least 12 Senate seats and more
than 50 House seats. They now have bigger majorities in both houses than the
G.O.P. ever achieved in its 12-year reign.

Bear in mind, also, that this year's presidential election was a clear
referendum on political philosophies - and the progressive philosophy won.

Maybe the best way to highlight the importance of that fact is to contrast
this year's campaign with what happened four years ago. In 2004, President
Bush concealed his real agenda. He basically ran as the nation's defender
against gay married terrorists, leaving even his supporters nonplussed when
he announced, soon after the election was over, that his first priority was
Social Security privatization. That wasn't what people thought they had been
voting for, and the privatization campaign quickly devolved from juggernaut
to farce.

This year, however, Mr. Obama ran on a platform of guaranteed health care
and tax breaks for the middle class, paid for with higher taxes on the
affluent. John McCain denounced his opponent as a socialist and a
"redistributor," but America voted for him anyway. That's a real mandate.

What about the argument that the economic crisis will make a progressive
agenda unaffordable?

Well, there's no question that fighting the crisis will cost a lot of money.
Rescuing the financial system will probably require large outlays beyond the
funds already disbursed. And on top of that, we badly need a program of
increased government spending to support output and employment. Could next
year's federal budget deficit reach $1 trillion? Yes.

But standard textbook economics says that it's O.K., in fact appropriate, to
run temporary deficits in the face of a depressed economy. Meanwhile, one or
two years of red ink, while it would add modestly to future federal interest
expenses, shouldn't stand in the way of a health care plan that, even if
quickly enacted into law, probably wouldn't take effect until 2011.

Beyond that, the response to the economic crisis is, in itself, a chance to
advance the progressive agenda.

Now, the Obama administration shouldn't emulate the Bush administration's
habit of turning anything and everything into an argument for its preferred
policies. (Recession? The economy needs help - let's cut taxes on rich
people! Recovery? Tax cuts for rich people work - let's do some more!)

But it would be fair for the new administration to point out how
conservative ideology, the belief that greed is always good, helped create
this crisis. What F.D.R. said in his second inaugural address - "We have
always known that heedless self-interest was bad morals; we know now that it
is bad economics" - has never rung truer.

And right now happens to be one of those times when the converse is also
true, and good morals are good economics. Helping the neediest in a time of
crisis, through expanded health and unemployment benefits, is the morally
right thing to do; it's also a far more effective form of economic stimulus
than cutting the capital gains tax. Providing aid to beleaguered state and
local governments, so that they can sustain essential public services, is
important for those who depend on those services; it's also a way to avoid
job losses and limit the depth of the economy's slump.

So a serious progressive agenda - call it a new New Deal - isn't just
economically possible, it's exactly what the economy needs.

The bottom line, then, is that Barack Obama shouldn't listen to the people
trying to scare him into being a do-nothing president. He has the political
mandate; he has good economics on his side. You might say that the only
thing he has to fear is fear itself.




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