Friday, October 24, 2008

The Effects of an Obama Landslide

I've argued that we stand at an important cross-roads in history; that we are on the verge a generational transfer of power; that the GOP may soon spend 30 years in the wilderness.  

My instinct always told me that I liked Jonathan Alter, but his story this week in Newsweek confirms my suspicions once and for all.  He lays out the substance of the broader argument in detail -- exploring in particular the potential impact of an Obama landslide.

Speaking of the iconic "Average Joe", he begins:
Even if Joe stays Republican, Barack Obama will still likely win. That's because he has built a huge base of non-Joes—better-educated, younger whites, as well as women and minorities. These voters are the future of the electorate and they're progressive. If they turn out in the numbers expected, they could restructure American politics for a generation.
But he goes on:
If Obama moves "smart left" next year, he will have succeeded in rewriting the American social contract—the obligations of the government to the people on the economy, energy, health care and education. But if we see a revival of the dumb left with old-fashioned capitulation to interest groups and a series of rookie mistakes on foreign policy, even a big Democratic victory next month would be a speed bump on the Ronald Reagan highway.

[ ... ]

At every campaign stop last week, McCain derided Obama's statement to Joe the Plumber that we should be "spreading the wealth around." In the old center-right world, such an idea would be offensive to many voters because it sounds socialistic—grabbing money from taxpayers and putting it in someone else's pocket. But the cold war is over (taking the sting out of cries of socialism), and a lot has changed in the past month. Using taxpayer dollars to bail out colossally greedy and incompetent bankers is "spreading the wealth around," too. Voters are beginning to figure that if banks facing bankruptcy deserve the government's help, maybe people facing bankruptcy do as well.

[ ... ]

The Schlesinger theory of the cycles of history still makes the most sense. Over the past century, we've moved in roughly 30-year cycles, from the Progressive Era to the laissez-faire 1920s to the New Deal to the Reagan years. As it happened, Arthur Schlesinger's timing was a bit off. He dated the last burst of liberalism to the mid-1960s and thus expected a revival in the 1990s. But the conservative era arguably began in 1978 when Rep. William Steiger won approval of a bill that cut the capital-gains tax from 50 percent to 25 percent. We're now exactly 30 years down the road from that.

Does that mean the country is still center-right if we fail to restore confiscatory tax levels? Hardly. Just because Democrats aren't stupid enough anymore to go the Walter Mondale route and promise to raise everyone's taxes doesn't mean they are conceding the ideological argument. In fact, Obama has neutralized or even turned the tax issue to his advantage with positions on taxing the rich that would have once been easily dismissed as class warfare. And with his hawkish comments on bombing Pakistan if necessary to kill Osama bin Laden, we are moving past the time when a credible commitment to defend the United States militarily was the exclusive province of the Republican Party.

[ ... ]

Reagan's revolution in 1980 was so striking that it conditioned a whole generation to believe it was permanent. Many scholars even believed the GOP had an "electoral lock" on the presidency—an insurmountable geographical advantage in the Electoral College. Bill Clinton's victories in 1992 and 1996 didn't do much to change the map; he won both times with less than 50 percent of the vote, thanks to the presence of independent Ross Perot in those races.

[ ... ]

If he wins, Obama could run aground in a thousand ways next year. He will have to possess all the dexterity he's shown during the campaign, and then some. If he fails to deliver, the country will go back to the center-right. But if he gets a few big things enacted in his first year, Barack Obama would have a fighting chance to move the country to a new place, or at least one we haven't seen for a while. Leftward ho!
Right on, Jonathan.  Thanks.

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