Suzanimal
04-22-2016, 10:25 PM
Krugman argues that blinkered conservatives and cynical progressives alike have failed to appreciate the successes of the Obama presidency. He concentrates on four areas: the economy, health care, financial reform, and climate change. We concentrate on those areas, too — and come up with rather different conclusions. Dan Mitchell, Senior Fellow at the Cato Institute, joins us as a special guest this week.
Listen here (http://http://contrakrugman.com/ep-30-obamas-been-a-great-president-not-so-fast/).
Column they're talking about...
Learning From Obama
....
But the successes are there for all to see.
Start with the economy. You might argue that presidents don’t have as much effect on economic performance as voters seem to imagine — especially presidents facing scorched-earth opposition from Congress for most of their time in office. But that misses the point: Republicans have spent the past seven years claiming incessantly that Mr. Obama’s policies are a “job killing” disaster, destroying business incentives, so it’s important news if the economy has performed well.
And it has: We’ve gained 10 million private-sector jobs since Mr. Obama took office, and unemployment is below 5 percent. True, there are still some areas of disappointment — low labor force participation, weak wage growth. But just imagine the boasting we’d be hearing if Mitt Romney occupied the White House.
Then there’s health reform, which has (don’t tell anyone) been meeting its goals.
Back in 2012, just after the Supreme Court made it possible for states to reject the Medicaid expansion, the Congressional Budget Office predicted that by now 89 percent of the nonelderly population would be covered; the actual number is 90 percent.
The details have been something of a surprise: fewer people than expected signing up on the exchanges, but fewer employers than expected dropping coverage, and more people signing up for Medicaid — which means, incidentally, that Obamacare is looking much more like a single-payer system than anyone seems to realize. But the point is that reform has indeed delivered the big improvements in coverage it promised, and has done so at lower cost than expected.
Then there’s financial reform, which the left considers toothless and the right considers destructive. In fact, while the big banks haven’t been broken up, excessive leverage — the real threat to financial stability — has been greatly reduced. And as for the economic effects, have I mentioned how well we’ve done on job creation?
Last but one hopes not least, the Obama administration has used executive authority to take steps on the environment that, if not canceled by a Republican president and upheld by future Supreme Courts, will amount to very significant action on climate change.
All in all, it’s quite a record. Assuming Democrats hold the presidency, Mr. Obama will emerge as a hugely consequential president — more than Reagan. And I’m sure Republicans will learn a lot from his achievements.
April fools!
Seriously, there is essentially no chance that conservatives, whose ideas haven’t changed in decades, will reconsider their dogma. But maybe progressives will be more open-minded.
...
http://www.nytimes.com/2016/04/01/opinion/learning-from-obama.html?_r=0
Listen here (http://http://contrakrugman.com/ep-30-obamas-been-a-great-president-not-so-fast/).
Column they're talking about...
Learning From Obama
....
But the successes are there for all to see.
Start with the economy. You might argue that presidents don’t have as much effect on economic performance as voters seem to imagine — especially presidents facing scorched-earth opposition from Congress for most of their time in office. But that misses the point: Republicans have spent the past seven years claiming incessantly that Mr. Obama’s policies are a “job killing” disaster, destroying business incentives, so it’s important news if the economy has performed well.
And it has: We’ve gained 10 million private-sector jobs since Mr. Obama took office, and unemployment is below 5 percent. True, there are still some areas of disappointment — low labor force participation, weak wage growth. But just imagine the boasting we’d be hearing if Mitt Romney occupied the White House.
Then there’s health reform, which has (don’t tell anyone) been meeting its goals.
Back in 2012, just after the Supreme Court made it possible for states to reject the Medicaid expansion, the Congressional Budget Office predicted that by now 89 percent of the nonelderly population would be covered; the actual number is 90 percent.
The details have been something of a surprise: fewer people than expected signing up on the exchanges, but fewer employers than expected dropping coverage, and more people signing up for Medicaid — which means, incidentally, that Obamacare is looking much more like a single-payer system than anyone seems to realize. But the point is that reform has indeed delivered the big improvements in coverage it promised, and has done so at lower cost than expected.
Then there’s financial reform, which the left considers toothless and the right considers destructive. In fact, while the big banks haven’t been broken up, excessive leverage — the real threat to financial stability — has been greatly reduced. And as for the economic effects, have I mentioned how well we’ve done on job creation?
Last but one hopes not least, the Obama administration has used executive authority to take steps on the environment that, if not canceled by a Republican president and upheld by future Supreme Courts, will amount to very significant action on climate change.
All in all, it’s quite a record. Assuming Democrats hold the presidency, Mr. Obama will emerge as a hugely consequential president — more than Reagan. And I’m sure Republicans will learn a lot from his achievements.
April fools!
Seriously, there is essentially no chance that conservatives, whose ideas haven’t changed in decades, will reconsider their dogma. But maybe progressives will be more open-minded.
...
http://www.nytimes.com/2016/04/01/opinion/learning-from-obama.html?_r=0