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Can Obama Pull a 'Clinton' on the GOP?

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 10:13 AM
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Can Obama Pull a 'Clinton' on the GOP?
Can Obama Pull a 'Clinton' on the GOP?
He's following the budget-showdown script Bill Clinton used to win re-election. But the economy added 434,000 new jobs in February 1996.

By ROBERT REICH

.................



So Mr. Obama's challenge in 2012 has nothing to do with Mr. Clinton's in 1996. Most Americans care far more about jobs and wages than they do about budget deficits and debt ceilings. Even if Mr. Obama is seen to win the contest over raising the debt limit and succeeds in painting Republicans as radicals, he risks losing the upcoming election unless he directly addresses the horrendous employment problem.

How can he do this while continuing to appear more reasonable than Republicans on the deficit? By coming up with a bold jobs plan that would increase outlays over the next year or two but would credibly begin a long-term plan to shrink the budget. To the extent the jobs plan spurs growth, the long-term ratio of debt to GDP will improve.

Elements of the plan might include putting more money into peoples' pockets by exempting the first $20,000 of income from payroll taxes for the next year, recreating a Works Progress Administration and Civilian Conservation Corps to employ the long-term jobless, creating an infrastructure bank to finance improvements to roads and bridges, enacting partial unemployment benefits for those who have been laid off from part-time jobs, and giving employers tax credits for net new hires.

The fight over the debt ceiling will be over very soon. Most Washington hands know it will be raised. Political tacticians know President Obama will likely appear to win the battle, and his apparent move to the center will make Republicans look like radicals. But the Clinton script will take the president only so far. If he wants a second term, he'll have to come out swinging on jobs.

the rest:
http://online.wsj.com/article/SB10001424052702303406104576445822088799038.html
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unionworks Donating Member (967 posts) Send PM | Profile | Ignore Sat Jul-16-11 10:36 AM
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1. inner FDR
Obama needs to start channeling FDR - like immediately.
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Maccagirl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-16-11 10:36 AM
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2. "His apparent move to the center will make Republicans look
Edited on Sat Jul-16-11 10:38 AM by Maccagirl
like radicals". Only the editorial page of the Wall Street Journal could come up with that pile of dung. I just saw the by-line-I can't believe Robert Reich wrote that!
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