That 2008 ‘Hope’ now comes down to hoping for the failure – by some miracle or screw-up – of the media and Obama full-court press for $3 trillion in social welfare cuts (in order to ‘solve’ a fake crisis which the Republicans (through Mitch McConnell) have already capitulated on). But have we ever seen President Obama so ‘hard ball’ and animated as he is now, fighting to, for example, cut Social Security benefits that average only $13,000 a year? (Note that the lying way inflation is computed has already effectively cut Social Security benefits 7% since 1998.) So, hey, don’t get your hopes up, progressives: this is not the concede-before-bargaining inept Obama of every progressive fight of the last two-and-a-half years. No, he’s a man transformed, skilled, on a mission, pulling out all the stops, not for our team but he’s showing how it’s done when you really want it done.
On the other side, better than nothing but very little opposition by progressives, because most (Yeah, you, Bernie Sanders and Raul Grijalva, yah stupid suckers!) have signed onto the Herbert Hoover economics of “shared sacrifice,” promoted by the Congressional Progressive Caucus.
All the common-sense, Keynesian in the broad sense economists — Paul Krugman, Brad DeLong, Dean Baker, and James Galbraith, for example – must be in deep despair this weekend. They know this impending doom is entirely unnecessary. And I’m sure they too hope for, but are not gambling on, the failure of the very loud corporate media and uni-party crusade for an era (a decade of cuts is in the works) of utterly counterproductive and inhumane austerity.
As I’ve said, the left needs a powerful and attractive counter-narrative, led by the ‘meme’ “shared prosperity,” but, surprisingly, no one can hear me outside this blog. Till we turn the tables we’ll be abused by Obama-Sanders-Boehner-Hoover classical economics, a replay in the 2010s of the mass human tragedy of the 1930s. Here in the U.S. since 2008 we’ve only experienced a taste of that. I’m talking real, mass, and unrelenting austerity, Greece or Ireland, as long as we let the DemoRepublican uniparty, which the Congressional Progressive Caucus rhetorically supports, run the economy into the ground with ‘shared sacrifice’ or whatever their real slogan is (‘I got mine, Jack’).
Shared Prosperity NOT Shared Sacrifice!