The Great Debate

What happened to ‘Yes we can’?

May 4, 2012

At this pivotal moment in the presidential race, President Barack Obama and his re-election team need to focus on a key question that could influence the outcome of this year’s election:

Larry Summers is playing economic Jeopardy

By Glenn Hubbard
April 27, 2012

Editor’s note: This op-ed was originally published at the Financial Times in response to the recent piece by Lawrence Summers for Reuters. It has been republished, verbatim, with the FT‘s permission.

Obama’s power grab at the Pentagon

By Michael Hastings
January 10, 2012

President Barack Obama’s decision last week to cut the defense budget by $487 billion over the next 10 years was met with cries of derision from his critics (“inexcusable,” said GOP front-runner Mitt Romney) and shrugs of acceptance from his supporters. The reduction’s two headlines: 1. One hundred thousand troops are being chopped from the Marine Corps and Army; 2. The entire U.S. foreign policy focus will begin to shift from the Near East to the Far East (anxieties about China having replaced—or at least settled alongside—our permanently ingrained fears of Middle Eastern terror). The cuts themselves, though, are less significant as fiscal policy than as a statement about President Obama’s relationship with the Pentagon: Barack is taking it over.

from David Rohde:

Yes, we’re creating jobs, but how’s the pay?

By David Rohde
January 5, 2012

Update: The December job numbers released this morning continued the same trend described in yesterday’s column. Of the 200,000 new jobs created last month, 78,000 – or nearly 40 percent -- were in transportation, warehousing and retail, sectors known for low pay and seasonal hiring. In a far more positive sign, manufacturing gained 23,000 workers in December after four months of little change. A vast expansion of that trend would benefit the middle class tremendously.

from Paul Smalera:

How Obama wins the election: the economy, stupid, and everything else

December 9, 2011
By Paul Smalera
The opinions expressed are his own. 

Mitt Romney and Newt Gingrich, and the entire Republican presidential field before them, have enjoyed painting Barack Obama as a European-style socialist, an apologizer, an appeaser, a president who is ceding America’s place in the world. Their stump speeches and debate soundbites seem to always end with some variety of the phrase, “when I’m your president, I’ll make America great again.” It would seem the nation is hungry for that kind of leadership; after all, polls now say that Obama’s job approval ratings are worse than Carter’s at the same point in his term. The game clock would seem to be running down on his re-election hopes. But what if it turns out we’ve been reading the scoreboard wrong, and Team Obama already has the lead? What if, by the time Americans get to vote, less than a year from now, America is already great again?

from Ian Bremmer:

Romney’s foreign policy: Reagan redux

By Ian Bremmer
October 13, 2011

By Ian Bremmer
The views expressed are his own.

After yet another GOP debate where foreign policy took a near-total backseat to economic and domestic policy, Mitt Romney is in the catbird seat for the nomination. He even locked up the endorsement of Tea Party AND Republican machine favorite, New Jersey Governor Chris Christie. Romney’s only problem: it’s October 2011. Not one primary has yet taken place. Romney will have to return to his foreign policy platform to expand it, should he be fortunate enough to make it to the general election. And based on the speech he gave at The Citadel, we can already see that Mitt Romney intends to return to the American exceptionalism of the Ronald Reagan and George W. Bush eras.

Washington’s long con

By Maureen Tkacik
September 23, 2011

By Maureen Tkacik
The opinions expressed are her own.

There’s a scene in Ray Nagin’s Hurricane Katrina memoir from the Monday night after the storm in which twenty or thirty mysterious security guards, toting three guns apiece, suddenly descend upon the bombed out Hyatt city officials are using as a command center and commence measuring perimeters, laying down wires and barking orders. “We’re here to protect the mayor!” their apparent leader proclaims. “Everyone else leave!”

Why Obama needs a primary challenge

By Nicholas Wapshott
September 22, 2011

By Nicholas Wapshott
The opinions expressed are his own.

There is talk in the air of a Democratic challenge to Obama. Since the Tea Party won the battle of the debt ceiling, it has been solid bad news for the president, and his party is wondering whether he is capable – or even genuinely wants – a second term. It is all very well being the world’s coolest guy, but, when you are leader of a party losing rock solid safe seats and alienating the very independent voters who decide who lives in the White House, you may be  leaving it a bit late to turn the tide. In the latest teasing McClatchy-Maris poll, Obama is both facing defeat — Americans say they will vote against him by 49 percent to 36, with 52 percent to 38 predicting he will lose — but he would beat every GOP candidate currently on offer.

Why the wealthy don’t object to Obama’s “class warfare”

By David Callahan
September 22, 2011
By David Callahan
The opinions expressed are his own. 

Here in the egalitarian paradise of the United States, there is apparently nothing worse than “class warfare” – which is why Republicans are trying to affix this damning label to President Obama’s new plan to raise taxes on the rich. One hitch, though, is that the billionaire Warren Buffett is not alone in his willingness to pay higher taxes. Many other wealthy Americans are also ready to see their taxes go up. The battle over taxes, its turns out, is not just between the rich and everyone else; the upper class itself is divided on this issue. That is good news for Obama, who’ll need all the help he can get to enact deficit reduction that balances spending cuts with new revenue.

The case for Obama’s jobs program

By Betsey Stevenson
September 9, 2011

By Betsey Stevenson
The opinions expressed are her own.

What should we make of the President’s new jobs plan? Ignore the politics — will it pass? — and focus on the economics: If it does, will it get Americans back to work?