- Photo by Kevin Lamarque-Pool/Getty Images
President Obama’s jobs speech before Congress struck an uncomfortable balance between the art of the possible and the sophistry of defeatism.
The speech did offer some serious ideas about reinvigorating the stagnant economy. But for all the talking points—from infrastructure investment to initiatives to promote hiring of veterans and the long-term unemployed—his eloquent words sidestepped the ideological barriers imposed by Washington’s reactionary ideologues. Meanwhile, the groups suffering the worst of the economic crisis—the poor, people of color, single women—may be hurt more by his careful omissions than they’d be helped by his proposals.
First, it’s far from clear whether the initiatives laid out in the speech, particularly the tax-cutting provisions, would make a significant dent in unemployment. The Progressive’s Matthew Rothschild points out that the structure of Obama’s highlighted payroll tax cut could be considered “regressive,” in that the bonus will be weighted toward the pockets of higher income-earners rather than the working poor.
More broadly, the pitch for cautiously modest, though earnest, stimulus measures seemed designed to ease the path toward more deficit slashing and cutbacks on social programs in the long run. The subtext appears to be a drive toward austerity and “entitlement reform”—pivoting toward conservatives who routinely demonize “nanny state” institutions like Social Security and Medicare. So despite rhetoric that pundits praised as “Trumanesque” and “fiery,” celebrating historic public works and exhorting Congress to cooperate for once, the speech was silent on the institutional pillars that should buttress any job creation plan. Read the rest of this entry →