Gerson Disgusted By Gerson’s Dream Candidates
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Mankind perishes. The world grows dark. McCain calls for a review board. ~Michael Gerson
This is apparently supposed to be an insult to McCain, who has expressed less than boundless support for the proposal to make the Treasury Secretary into financial dictator. One doesn’t quite know what to say in response to Gerson’s complaints about cliche-riddled language and vacuity, except maybe to note that it takes such an accomplished master of both as Gerson to appreciate them so fully. His complaints about the policy agendas of the two candidates are silly–Obama is running as a liberal! McCain promises tax cuts! Well, that’s because Obama is a liberal, and McCain is the nominee of a party that typically hates tax hikes.
What Gerson does not know, or fails to acknowledge, is that the nominees he is berating represent, mostly for ill, precisely the sort of “centrist” positioning he so craves. It isn’t really true that “[p]ost-Bush Republicans actively alienated immigrants and adopted simplistic, anti-government rhetoric that narrowed their appeal,” since the standard-bearer of post-Bush Republicanism favors amnesty, cap-and-trade and, in all likelihood, the mega-bailout in one form or another. Whether or not other Democrats have turned against ”free trade,” Obama actually has not despite primary season pandering to labor, and his tax policy is not all that terribly different from Clinton’s. He has made noises about Social Security reform that have made the likes of Paul Krugman nauseous. That doesn’t mean that he will be enacting any reforms if elected, but it does make clear how clumsy and misleading Gerson’s depiction of the candidates is. What is so strange about all this is that the two nominees have both been much more “centrist” than their respective party bases would have liked, so Gerson should be pleased. On the whole the positions they have taken to get there are bad ones, but there is no question that this election is a dream come true for someone with Gerson’s horrible policy preferences. On top of it, the cautious, hedging responses of the candidates to the crisis and Paulson’s proposal are much more appropriate than the mindless endorsement of a terrible idea that Mr. Bush has already given and will give again tonight.
Can I just say that we are very fortunate that Gerson no longer writes any of Bush’s speeches? Can you imagine the melodramatic twaddle he would have the President spouting tonight if it were up him?
Filed under: politics
3 Responses to “Gerson Disgusted By Gerson’s Dream Candidates”
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Have no fear Daniel: melodramatic twaddle is in ample supply at 1600 Pennsylvania Ave, Gerson or no Gerson.
Gut reaction: a drawn, pale, and panicked-looking President Bush addressing the nation induces a market panic tomorrow. Dow down by 500 by the closing bell.
Well, I hope you’re wrong. My guess is that the public will be annoyed that Bush is breaking into primetime programming to remind people of his irrelevance, and the market will be indifferent to what he says. As long as the market thinks something is happening to provide some kind of assistance, it won’t move much one way or the other until a bill comes up for a vote. Obviously, if they push out a bill that doesn’t pass and the whole process seems to stall, things could get ugly.
He is just going to insist on passage of the something very close to the Paulson proposal and he will be ignored, as people in Congress already have their own ideas about what they’re doing. I don’t think he’ll look panicked, just clueless and halting as usual. The most damage it might have on trading tomorrow is that it reminds everyone that Bush is still President, which we have all been working so hard to forget. My question: can his approval rating break below 15%? I think it can.
The market is watching what Congress does. Bush isn’t going to veto anything they send him, so he becomes a bit player in all of this. Now that McCain is doing his grandstanding, stop-the-campaign-to-save-America routine, he has assumed the de facto leadership role and the success or failure of negotiations on the Hill will now be tied to his decision to intervene in the process.
To my mind, Gerson’s funniest passage occurs at the begining when he says, “A sitting president normally must accept the boring constraints of real-world choices. Campaigns can inhabit the utopia of their own ambitions”. I doubt that even Bush’s harshest critic would accuse him of feeling unduly constrained by realpolitik or of being insufficiently utopian.