Browsing the archives for the Economy category.

The ups and downs of the ground game campaigns: “We’re votin’ for the n***er!”

Debates, International Politics, Politics, Presidential Elections, Uncategorized, US Economy, US Elections, US Politics

Alex Massie featured an encouraging dispatch from a Democratic operative in Ohio last Wednesday: The Ground Game: The View From Ohio. It’s impressive stuff:

I got placed in Bowling Green, right by Bowling Green State University. [..] The county is a swing county, but that is mostly because there are 50,000 rural families and 25,000 Bowling Green residents combined with 25,000 Bowling Green students. [..] No candidate has carried Ohio without carrying Wood County (BG is the county seat). One would think that this historical oddity would almost mandate a heavy McCain presence, but alas there is none to speak of.

I spent a little bit of time at the Obama state HQ in Columbus yesterday. It was jaw dropping. They had taken over an old mega-church. The first floor was a warren of staffers running around all very young and all very busy. The basement was probably the size of a supermarket, lined with table after table. Each table was staffed by four youngsters, all responsible for a different city, county, task etc. It looked like the command center for a massive army. No windows, no natural light, but filled with kids who probably had no idea it was 8am all hovering over computers, maps, data sheets. There were 600 staffers there, all dedicated to Ohio, at 8am. I’m amazed.

Phonebanking for Obama

Volunteers phonebanking in San Francisco (Images used under CC license from Flickr user SanFranAnnie)

In another recent dispatch from the trail, the Denver Post emphasised the mindboggling extent to which the ground games of both campaigns are driven by sophisticated micro-targeting:

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Spread the wealth around!

Debates, Media / journalism, Politics, Presidential Elections, US Economy, US Elections, US Politics

One of the oddest features about Wednesday’s debate was John McCain’s repeated, dismissive references to how Obama wants to “spread the wealth around”. McCain repeated that line no less than nine times, each time derisively, and nine times is a lot in a debate like this. In comparison, he mentioned “education” six times, and “health insurance” three times (which Obama mentioned ten times).

(By the way, if you’re looking for Wordles of the two candidates’ words during the debate, like the ones I made for the second debate, check out these ones that Flickr user spudart made.)

I was actually looking whether there was a YouTube video splicing together all his “spread the wealth around” lines. Because if I knew how to edit videos, I’d make one. I mean, just go to the wonderful NYT interactive election debates tool, type in “spread” in the neat search box above the coloured bars, and use the forward and play buttons to the right to switch between all the references. It’s wonderfully bizarre. (OK, maybe you have to be a geek.)

M J M

Wages have stagnated for a decade .. For most folks, spreading the wealth probably seems like a good idea. (Image used under CC license from Flickr user M J M)

The weird thing about these invocations is that, as Noam Scheiber pointed out, he “repeatedly invoked Obama’s line about ‘spreading the wealth around’ without explaining what makes it so offensive (beyond his own menacing tone).” As Scheiber adds, “it didn’t strike me as self-evidently damning.” Right. I mean, God forbid anyone would want to spread the wealth – give other people a shot at it too. As Ezra Klein adds, “Median wages have stagnated for a decade … For most folks, spreading the wealth around probably seems like a good idea.”

McCain got the quote from Obama’s answer to “Joe the Plumber” (who isn’t actually a licensed plumber, doesn’t actually make $250,000 and wouldn’t have to pay higher taxes under Obama’s plan even if he did buy that company), when they met during a campaign stop. It’s worth watching the whole answer Obama gave. There’s nothing particular controversial in his answer as a whole, and the “spreading the wealth” line came in the context of giving people who are where Joe was earlier in his life tax cuts so they would be helped making it too. But as Campaign Diaries points out, the McCain campaign wants you to see the line as “code words for socialism”.

The thing is that McCain didn’t actually bother to make that argument in the debate. He appeared to think that just repeating the line would make people go, “oh yeah, that’s terrible – spreading the wealth around, how can he say such a thing – he must be a socialist”. This equation strikes me as typically one of those things that only works within the bubble. Maybe because for most people, a $250,000 income is so far removed from their world, they can’t even imagine. After all, it’s just the top 3% who earns that much. It’s five times the median household income, and eight times the median individual income.

It is not far removed, however, from the lives of those reporting on politics for us. For network TV reporters, for pundits and politicians, for anchormen and talk show hosts, it’s not that much. They do know people who make that much, because they are often among the top earners in America themselves. So for them, it hits close to home. And because pundits and anchormen hang out with other pundits and anchormen, their view of what is normal is warped – for a striking example see the video below the fold. And this has serious consequences for the opportunities to market liberal economic policies.

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Demagogues Rising

Culture, Economy, Politics, US culture, US Economy, US Elections, US Politics

American writer and satirist H. L. Mencken wrote “The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.” Patricia Roberts-Miller in her book “Democracy, Demagoguery, and Critical Rhetoric” defined demagoguery as “polarizing propaganda that motivates members of an ingroup to hate and scapegoat some outgroup(s), largely by promising certainty, stability, and what Erich Fromm famously called ‘an escape from freedom’.” Hilter was a infamous demagogue, blaming the woes of a post WWI Germany on the Jews. Joe McCarthy looked for Communists around every corner. Today, the American financial system is in its worse crisis since the Great Depression, Americans are facing uncertainty in employment, prices are rising and savings are falling. The time is right for the rise of the Demagogues.

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What’s Behind Obama’s Surge?

Politics, Presidential Elections, Uncategorized, US Economy, US Elections, US Politics

Nimh makes an excellent point about the often overlooked impact of plain old prosaic advertising on poll numbers.

AP

AP

While I agree that advertising dollars are important (and adore the graphs!), the post got me thinking about some of the other factors involved in Obama’s surge. Advertising is an underestimated piece of the puzzle, but still just one piece of the puzzle. So here are some of the other elements that I think are at play:

Obama’s 50-State Strategy

This has a lot to do with the Obama campaign’s relatively large advertising budget — but it’s not just about advertising. Obama’s been spreading McCain very thin in many different ways, as McCain has to spend time and resources defending red states, rather than being able to focus on battleground states. The thinner things are spread, the less McCain is able to campaign effectively (not just advertising but field offices, rallies, paid staff, etc.).

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Dr. Reagan’s Magic Elixer

Economy, Politics, US Economy, US Politics
Theodoric of York and patient

Theodoric (R-York)

The Republicans, it seems, have a solution to every problem.  Or, to be more precise, the Republicans have a solution to every problem.  Like the medieval barbers who thought that the cure for every malady was bloodletting, the GOP believes that the cure for every ailment is tax cutting.  The economy is good?  Cut taxes!  The economy is bad?  Cut taxes!  Taxes are too low?  Cut taxes!  I await the inevitable day when the Republican Party advocates tax cuts as a means of overturning Roe v. Wade, forestalling gay marriage, and putting a massive granite sculpture of the ten commandments in every federal courthouse.  Remember, if we don’t cut taxes, the terrorists have won.

The latest GOP quacksalver to prescribe this nostrum is the Republican Study Committee, a bunch of right-wingers that used the opportunity of the Wall Street bailout to push for a two-year moratorium on the capital gains tax and, in the process, also managed to scuttle the Wall Street bailout.  According to the folks at NRO, the RSC plan would be just the tonic for an ailing economy.  “Private capital will flood into Wall Street with zero capital gains and it will come at no cost to the taxpayer.”

Now, you may be asking yourself: “how many different kinds of crazy is this proposal?”  Well, first of all, assessing lower taxes on capital gains is justified primarily as a means of encouraging investment (it also compensates very roughly for inflation, but a system of indexing could work just as well).  The problem, though, is that, in the short term, cutting capital gains taxes merely encourages the sale of capital assets.  Far from encouraging investment, the elimination of capital gains taxes would instead lead to a fire sale of assets, with the inevitable result that prices would fall.  Moreover, a two-year moratorium won’t encourage the kind of long-range investment that either the economy needs or that Republicans tend to tout as the chief virtue of low capital gains taxes.  Instead, it would, under normal circumstances, simply push more assets into the marketplace and depress prices even further.

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Who’s Going to Bailout the Bailout?

Economy, US Economy

Yesterday the $700 billion bailout failed to get through the House, today will be finger pointing day.  The Republicans say Pelosi hurt their feelings.  The Democrats say the Republicans put party politics ahead of the country.  Senator McCain pointed at Senator Obama and his “allies” but said now is not the time to point fingers.  Obama said “I’m confident we’re going to get there, but it’s going to be rocky.”   It looks to me like there is enough blame to go around.

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