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Wednesday, December 03, 2014

'Return of Focus Hocus Pocus'

Paul Krugman:

Return of Focus Hocus Pocus: I’ve been getting correspondence from people saying that I need to respond to Tom Edsall channeling Chuck Schumer on how health reform was a mistake, Obama should have focused on the economy.
The thing is, I responded to this argument four years ago, and everything I said then still applies. When people say that Obama should have “focused” on the economy, what, specifically, are they saying he should have done? Enacted a bigger stimulus? Maybe he could have done that at the very beginning, but that wouldn’t have conflicted with the effort to pass health reform — and anyway, I don’t hear many of the “focus” types saying that. So what do they mean? Obama should have gone around squinting and saying “I’m focused on the economy”? What would that have done?
Look, governing is not just theater. For sure the weakness of the recovery has hurt Democrats. But “focusing”, whatever that means, wouldn’t have delivered more job growth. What should Obama have done that he actually could have done in the face of scorched-earth Republican opposition? And how, if at all, did health reform stand in the way of doing whatever it is you’re saying he should have done?
I have seen no answer to these questions.

I am going to have to disagree slightly. Politics is, in large part, about identity and I don't think Obama did nearly enough to show he identifies with the working class. Fighting for their needs publicly and loudly probably wouldn't have made any difference in terms of fiscal policy, but doing more to signal that he identifies with their struggles might have helped at the ballot box. I don't see how it could have hurt. Yes, various jobs programs were proposed along the way, and nothing came of them for the most part, but there just wasn't enough fist-pounding on this issue by the administration.

Update: See also Robert Waldmann.

    Posted by on Wednesday, December 3, 2014 at 10:18 AM in Economics, Politics, Unemployment | Permalink  Comments (25)


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