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SYNDICATED COLUMN: Four Bore Years

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Ted Rall

The Second-Term Curse Belies Obama’s Optimistic Vision

Breaking news: Obama willing to compromise!

Everybody (<—translation: media types) is talking about an interview in which the President makes his case for reelection. A second term, he argues, would end the current gridlock between the Democratic White House and Republican Congress, leading to some sort of grand bargain–or at least a deal–that would improve the crappy economy.

Here’s the money quote:

“What I’m offering the American people is a balanced approach that the majority agrees with, including a lot of Republicans. And for me to be able to say to the Republicans, the election is over; you no longer need to be focused on trying to beat me; what you need to be focused on and what you should have been focused on from the start is how do we advance the American economy. I’m prepared to make a whole range of compromises, some of which I get criticized from the Democratic Party on, in order to make progress.”

Liberal commentators scoffed (though more in sorrow than in anger), pointing out that Republicans who blocked Obama’s slightly-left-of-Milton-Friedman agenda throughout his first term aren’t going more likely to compromise during his lame-duck second term. Furthermore, Obama is wrong about GOP tactics changing once he hits his constitutional term limit. Nasty–and effective–attack ads aside, it really isn’t personal for them. Republican strategists will work to defeat whoever wins the Democratic nomination for president in 2016 just as hard as they schemed to stymie Obama. Which is, of course, exactly what an opposition party should be expected to do.

Unless they’re Democrats. But I digress.

I couldn’t help noticing two remarkable aspects to Obama’s statement:

First, it tacitly admits that he didn’t get much done on jobs, unemployment and the economy–the issue that has consistently ranked as the voters’ top concern the entire time he’s been president. This is a dangerous gambit. Blaming the other party for leaving a mess and for obstructionism has a poor record of electoral success, particularly on the economy; fair or not, voters tend to hold sitting presidents responsible for the state of their wallets.

Second, it asks us to assume that a president’s second term is an opportunity. In fact, history suggests anything but. The vast majority of the signature legislative and policy achievements by U.S. presidents occurred at the beginning of their first terms: FDR’s first 100 days, LBJ’s civil rights act and his war on poverty, Reagan’s partial dismantling of the aforementioned social safety net. Though slow out of the gate, George W. Bush got a reset in the form of 9/11, which he used to push through all sorts of mayhem: the Patriot Act, legalized torture, and a pair of ridiculous optional wars.

The record of non-achievement of second terms is so grim that you have to wonder why presidents ever run for reelection. Whether you look at Richard Nixon, who won a record 1972 landslide only to resign two years later, or Bill Clinton’s second term, when he was caught in the mire of the Travelgate and Monica Lewinsky scandals, or Ronald Reagan’s second term, which was dominated by Iran-Contra and hobbled by the early onset of Alzheimer’s, it is hard to think a president who got much done during his second term. Look at George W. Bush’s number two: he wanted to privatize Social Security and expand the GOP into a permanent majority party; instead, his popularity sank like a stone.

Why do these guys want a do-over so badly? Must be the free food and rent.

Whether Obama is aware of presidential history or just blowing smoke, you shouldn’t expect much from a second term. If you’re voting for Obama simply to keep Romney out–to deny him a chance to get anything done–that’s fine. But don’t expect Obama to get a liberal agenda–assuming he ever wanted one–through Congress. That ship sailed after the 2010 midterm elections.

Or a grand bargain. That boat was never built.

There are a couple of things Obama could do to mitigate the second-term curse.  He could take his case directly to the American people, asking the citizens to pressure the Republican-dominated Congress to push through popular agenda items like forcing banks to write down principal on homes that have lost value since the burst of the housing bubble, tax subsidies for college tuition, and extending benefits to the majority of unemployed Americans, who no longer receive any. Democrats have forgotten this approach: Obama has failed to rally his supporters, Bill Clinton, another man who put too much faith inside the Beltway, had the same failing.

Another way Obama and the Democrats could make the most of a second term would be to replicate what the Republicans did with Newt Gingrich’s 1994 Contract with America, in other words, to state a list of policies and new laws that voters would effectively be endorsing if Obama wins. After November, Democrats would then be able to argue that they have a direct mandate for their agenda.

(Ted Rall’s new book is “The Book of Obama: How We Went From Hope and Change to the Age of Revolt.” His website is tedrall.com. This column originally appeared at NBCNews.com’s Lean Forward blog.)

COPYRIGHT 2012 TED RALL

 

Next Up: Albuquerque

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Ted Rall

Thanks to Changing Hands Books in Tempe AZ for hosting a great appearance last night. Next stop on the Book of Obama book tour: Albuquerque, Thursday night. If you’re in New Mexico, please stop by and say hi!

Here’s the info for Albuquerque:

Thursday, August 30, 2012
7:00 PM
Bookworks
4022 Rio Grande Boulevard Northwest
Albuquerque NM 87107

SYNDICATED COLUMN: Lead, or Follow and Get Out of the Race

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Ted Rall

Voters Turn Against Pols’ Follow-the-Polls Strategy

In order to be a good leader, Disraeli said, “I must follow the people.”

Aided and abetted by toe-sucking pollster Dick Morris, Bill Clinton finessed the art of leading from the rear, relying on Morris’ tracking surveys to help him decide everything from whether to bomb Serbia to when and if to take a vacation.

By definition, however, leaders point where their followers should go. Americans haven’t seen much real leadership on the federal level since Reagan. Where there’s been progress, such as on gay rights, the President only stepped forward after public opinion had shifted enough to make it safe.

For the first time in 30 years, Dick Morris’ follow-the-voters strategy appears to be running out of steam. This year, the electorate seems to be hungering for presidents in the mold of TR, FDR and LBJ—old-school leaders who painted ambitious visions of where America could go and why it should, who took political gambles that the people might not be ready for what they had in mind, who anticipated crises and challenges before anyone else, and explained why we had to act sooner rather than later.

The craving for leadership is evident in the polls. Though personally popular and enjoying the advantages of incumbency, President Obama is running neck and neck against Mitt Romney, an awkward candidate from a minority religion who has trouble connecting with, and is seen as out of touch by, ordinary voters.

Democrats must be worried. Historically, Republican presidential nominees typically gain on Democrats throughout the fall. At this point in the game, Democrats need a substantial lead in order to emerge victorious in November.

What’s going wrong? Mainly, it’s the economy. It sucks. Still. Democrats say the President inherited the meltdown from Bush. But Americans blame Obama.

“The nation’s painfully slow pace of growth is now the primary threat to Mr. Obama’s bid for a second term, and some economists and political allies say the cautious response to the housing crisis was the administration’s most significant mistake,” reports The New York Times. Obama’s big screw-up: “He tried to finesse the cleanup of the housing crash, rejecting unpopular proposals for a broad bailout of homeowners facing foreclosure in favor of a limited aid program—and a bet that a recovering economy would take care of the rest.”

Recovery? What recovery?

The depressed housing market, coupled with the reduced purchasing power of tens of millions of Americans who lost their homes to eviction and/or foreclosure, makes recovery unlikely to impossible for the foreseeable future.

Many people, including yours truly, warned that the millions of Americans who were evicted under foreclosure, many of them illegally, were more “too big to fail” than Citigroup. Some, like former Congressman Jim Marshall (D-GA), voted for TARP, but urged the Obama Administration to condition the bailout on forcing the banks to refinance mortgages and write down principal to reflect the new reality of lower housing prices. “There was another way to deal with this, and that is what I supported: forcing the banks to deal with this. It would have been better for the economy and lots of different neighborhoods and people owning houses in those neighborhoods,” Marshall says.

Voters aren’t mad at Obama for not being clairvoyant. They’re pissed off because he ignored people who were smart and prescient in favor of those who were clueless and self-interested, like Tim Geitner. He may be about to pay a price for that terrible decision.

Tens of millions of Americans already have.

Speaking of leadership—the art of seeing what comes next and doing something about it—what looming problems are the political class ignoring today?

It’s too late to stop the 2008-to-2012 economic meltdown. But it’s still possible for Obama (or, theoretically, Romney) to get ahead of the economy—permanent unemployment benefits, anybody?—and other pressing issues.

Australia, for example, is taking the climate change crisis seriously.

Americans want leaders who point the way forward, to anticipate monsters we can’t yet imagine. For example, there is a huge looming crisis: pensions. In 10 to 15 years, Generation Xers will hit traditional retirement age. How will they eat?

Close to none have traditional defined-benefit pension plans. Gen Xers, who earn far less than the Baby Boomers at the same age, have been shunted into 401(k)s, which turned out to be a total ripoff: the average rate of return between 1999 and 2010 was 0.3 percent.

Total.

And much of that was withdrawn—under penalty—to subsist after layoffs.

“[Gen Xers] have no savings, and what they had was devastated by two market crashes,” said Andrew Eschtruth of the Center for Retirement Research. “They never got off the ground.”

If you’re 45 years old now and just beginning to save for retirement, financial planners say you should save 41 percent of your income annually (if you haven’t gotten laid off again). As if. Half of Gen Xers live hand to mouth; the rest save a piddling six percent a year.

The Gen X retirement crisis represents 46 million people waiting for a savior—and 46 million potential votes.

Attention Mssrs. Obama, Romney and anyone else presenting yourself as a would-be leader: Don’t just read the polls. Don’t follow us. Show that you care about, and have a credible plan to confront, the problems of the future. If you do that—and we’re not holding our breaths—we’ll pay attention to you.

(Ted Rall’s new book is “The Book of Obama: How We Went From Hope and Change to the Age of Revolt.” His website is tedrall.com. This column originally appeared at NBCNews.com’s Lean Forward blog.)

COPYRIGHT 2012 TED RALL

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