“Wasting Our Minds”: A Young Mind Is A Terrible Thing To Waste
In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible — but things could be worse.
And sure enough, many politicians are doing all they can to guarantee that things will, in fact, get worse. We’ve been hearing a lot about the war on women, which is real enough. But there’s also a war on the young, which is just as real even if it’s better disguised. And it’s doing immense harm, not just to the young, but to the nation’s future.
Let’s start with some advice Mitt Romney gave to college students during an appearance last week. After denouncing President Obama’s “divisiveness,” the candidate told his audience, “Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.”
The first thing you notice here is, of course, the Romney touch — the distinctive lack of empathy for those who weren’t born into affluent families, who can’t rely on the Bank of Mom and Dad to finance their ambitions. But the rest of the remark is just as bad in its own way.
I mean, “get the education”? And pay for it how? Tuition at public colleges and universities has soared, in part thanks to sharp reductions in state aid. Mr. Romney isn’t proposing anything that would fix that; he is, however, a strong supporter of the Ryan budget plan, which would drastically cut federal student aid, causing roughly a million students to lose their Pell grants.
So how, exactly, are young people from cash-strapped families supposed to “get the education”? Back in March Mr. Romney had the answer: Find the college “that has a little lower price where you can get a good education.” Good luck with that. But I guess it’s divisive to point out that Mr. Romney’s prescriptions are useless for Americans who weren’t born with his advantages.
There is, however, a larger issue: even if students do manage, somehow, to “get the education,” which they do all too often by incurring a lot of debt, they’ll be graduating into an economy that doesn’t seem to want them.
You’ve probably heard lots about how workers with college degrees are faring better in this slump than those with only a high school education, which is true. But the story is far less encouraging if you focus not on middle-aged Americans with degrees but on recent graduates. Unemployment among recent graduates has soared; so has part-time work, presumably reflecting the inability of graduates to find full-time jobs. Perhaps most telling, earnings have plunged even among those graduates working full time — a sign that many have been forced to take jobs that make no use of their education.
College graduates, then, are taking it on the chin thanks to the weak economy. And research tells us that the price isn’t temporary: students who graduate into a bad economy never recover the lost ground. Instead, their earnings are depressed for life.
What the young need most of all, then, is a better job market. People like Mr. Romney claim that they have the recipe for job creation: slash taxes on corporations and the rich, slash spending on public services and the poor. But we now have plenty of evidence on how these policies actually work in a depressed economy — and they clearly destroy jobs rather than create them.
For as you look at the economic devastation in Europe, you should bear in mind that some of the countries experiencing the worst devastation have been doing everything American conservatives say we should do here. Not long ago, conservatives gushed over Ireland’s economic policies, especially its low corporate tax rate; the Heritage Foundation used to give it higher marks for “economic freedom” than any other Western nation. When things went bad, Ireland once again received lavish praise, this time for its harsh spending cuts, which were supposed to inspire confidence and lead to quick recovery.
And now, as I said, almost a third of Ireland’s young can’t find jobs.
What should we do to help America’s young? Basically, the opposite of what Mr. Romney and his friends want. We should be expanding student aid, not slashing it. And we should reverse the de facto austerity policies that are holding back the U.S. economy — the unprecedented cutbacks at the state and local level, which have been hitting education especially hard.
Yes, such a policy reversal would cost money. But refusing to spend that money is foolish and shortsighted even in purely fiscal terms. Remember, the young aren’t just America’s future; they’re the future of the tax base, too.
A mind is a terrible thing to waste; wasting the minds of a whole generation is even more terrible. Let’s stop doing it.
By: Paul Krugman, Op-Ed Columnist, The New York Times, April 29, 2012
“Campaigning In Fiction”: Mitt Romney’s Campaign Pledges Raise Questions For Conservatives
Republican presidential candidate Mitt Romney is making campaign promises that could produce an economic miracle – or a more predictable list of broken vows.
Romney says he wants to put the nation on a path to a balanced budget while also cutting an array of taxes, building up the Navy and Air Force and adding 100,000 active-duty military personnel. He says he would slash domestic spending and reduce tax loopholes but has offered few details.
His comments raise eyebrows in Congress, long accustomed to easier-said-than-done promises. And even some conservatives have their doubts.
Christopher A. Preble, a vice president for the libertarian Cato Institute, says Romney’s promise to push military spending to 4 percent of the national economy would require dramatic increases that would raise, not lower, the federal deficit.
Citing “the absurdity of Romney’s plan,” Preble wrote recently that the candidate “hasn’t said what other spending he will cut, or what taxes he would increase.”
“Until he does,” Preble wrote, “it is logical to conclude that he plans to pile on more debt.”
Romney says he will avoid that problem by making courageous cuts to federal programs if elected.
“I have three major ways that we can get ourselves to a balanced budget,” he told voters this month in Warwick, R.I. “Number one is to eliminate some programs. Stop, eliminate them. Not just slow down their rate of growth. But look at programs and say, `Too many, too big, too expensive, too ineffective, get rid of it.’ Some programs you’re going to like. I’m going to ask for sacrifice. But the sacrifice will not be taking more from your wallet…. I’m not going to give anybody any free stuff.”
Other Romney proposals would make states responsible for programs such as Medicaid, and reduce the federal workforce by 10 percent “through attrition.”
It’s not uncommon for candidates to promise unspecified spending cuts. Often, however, they find it extremely difficult to fulfill the pledges once elected. That’s one reason the nation’s debt has soared under Republican and Democratic presidents and congresses alike.
Romney has shown little willingness to cut popular programs so far. He joined President Barack Obama, and bucked some House Republicans, by backing an extension of low college loan rates for middle-income students, a $6 billion government cost.
Voters may understand that candidates can’t or won’t keep all their promises.
“You campaign in fiction, and govern in fact,” said Tom Davis, a former congressman who headed the Republicans’ House campaign committee from 1998 to 2002.
He noted that Obama quickly backed off his campaign promise to close the Guantanamo Bay prison. Obama also pledged to tamp down Washington’s partisan tone and to overhaul immigration laws, neither of which has happened.
Davis said it’s the general thrust of Romney’s proposals that matters most, not every specific item.
“What he’s trying to do is sketch a different vision,” Davis said. Details of how Romney’s proposals will pan out, if he’s elected, “will be determined by Congress and events,” he said.
Rep. Steve LaTourette, R-Ohio, said Romney’s proposals “are aspirations” more than firm promises. If elected, Romney may have to revisit his current rejection of tax increases and his vow to leave Social Security and Medicare unchanged for current and soon-to-be recipients, LaTourette said.
Romney and Obama “have to come to the realization that a big deal,” which includes tax increases, spending cuts and changes to Social Security and Medicare, “is the only way” to address the nation’s deficit dilemma, LaTourette said.
Romney calls for a host of tax cuts. But independent analysts say they will worsen the deficit unless offset by deep and politically unpopular spending cuts.
Romney would keep the Bush-era tax cuts, and further reduce all marginal income tax rates by 20 percent. He says he would lower the corporate tax rate, eliminate the estate tax, push a balanced budget amendment to the Constitution and make $500 billion in unspecified domestic discretionary spending cuts in 2016.
He wants wider exploration for energy, including oil drilling in the Arctic National Wildlife Refuge, or ANWR.
Such promises draw loud cheers at GOP rallies. But for decades, Republican-run and Democratic-run congresses alike have rejected ANWR drilling, a balanced budget amendment, deep spending cuts and other mainstays of Romney’s campaign.
Whether these campaign ideas are called proposals, aspirations or promises, they are easier to talk about than to achieve.
By: Charles Babington, The Huffington Post, April 27, 2012
“Pouncing On Presidential Coolness”: Meanwhile, Molasses Mitt Slow Jams To Merv Griffin
The right has come up with a new line of attack against Barack Obama: He’s too cool.
You read that right.
Suddenly, it was an act of unpresidential affrontery for Obama to go on Jimmy Fallon’s show. Never mind that presidents and presidential candidates have been doing the late-night thing for two decades, back to Bubba’s sax-playing moment with Arsenio. Never mind that Mitt Romney recited a silly Top Ten list on Letterman and pretended to be reading Kim Kardashian’s tweets. Never mind that George W. Bush went on Oprah. Obama was a bad boy.
“I thought it was really bad, that we had so many issues and problems going on in this country, around the world, and you can’t swing a cat without finding President Obama on a comedy show,” said Fox contributor Dana Perino, Bush’s last White House press secretary.
And there was grumbling about Obama’s comedy stylings at Saturday’s White House Correspondents Dinner. He was too sharp in going after Romney, he shouldn’t have joked about eating dog meat, and so on. (Uh—I can remember when Bush poked fun at not finding those weapons of mass destruction.)
So is hipness now a political liability?
Clearly this is a concerted effort to turn the president’s charm and wit against him. The Republicans are saddled with a somewhat awkward candidate. It’s hard to imagine Mitt slow-jamming the news on Fallon’s show. No wonder Obama deadpanned at the dinner that Romney “asked if he could get some equal time on The Merv Griffin Show.” Romney isn’t even sure whether to accept an invitation from SNL.
All this is reminiscent of a controversial ad that John McCain ran against Obama in 2008, dubbing him the world’s biggest celebrity and likening him to Paris Hilton. (Today I guess it would be Kim Kardashian or Lindsay Lohan, both of whom were at the correspondents’ dinner.) The Republican National Committee has posted a web ad cutting between clips of Obama riffing with Fallon and Romney giving a serious speech, with the tag line #notfunny.
There’s a larger problem here for the Romney camp. Obama, whether you think he’s cool or condescening, is widely seen by the public as a likable guy. Mitt is widely seen as a stiff. That is not going to change. So in a classic case of political ju-jitsu, the conservatives are trying to turn the president’s strength into a liability: Yeah yeah, he’s hip, he’s happening, but what has he really accomplished? Wouldn’t you rather go with the boring businessman who might fix the ailing economy?
I’m not sure that works. But it may be the best card his team has to play if Romney wants to be performing at next year’s White House Correspondents Dinner.
“Ryan Shrugged”: Paul Ryan Suddenly Does Not Embrace Ayn Rand’s Teachings
Rep. Paul Ryan (R-Wis.) tried to send the message this week that, contrary to “urban legend,”he is not obsessed with philosopher and author Ayn Rand.
“I reject her philosophy,” Ryan told National Review on Thursday. “It’s an atheist philosophy. It reduces human interactions down to mere contracts and it is antithetical to my worldview. If somebody is going to try to paste a person’s view on epistemology to me, then give me Thomas Aquinas. Don’t give me Ayn Rand.”
Best known for her novels “The Fountainhead” and “Atlas Shrugged,” Rand advocated a philosophy that emphasizes the individual over the collective, and viewed capitalism as the only system truly based on the protection of the individual. She has been a significant influence on libertarians and conservatives.
Ryan, whose name has been floated as a possible running mate for GOP presidential candidate Mitt Romney, appeared to be distancing himself from Rand in response to a public letter he received this week from nearly 90 faculty and administrators at Georgetown University. In their letter, they criticize him for misusing Catholic social teaching in defending his budget, which hurts the poor by proposing significant cuts to anti-hunger programs, slashing Pell Grants for low-income students and calling for a replacement of Medicare with a voucher-like system. They also invoke Rand’s name.
“As scholars, we want to join the Catholic bishops in pointing out that his budget has a devastating impact on programs for the poor,” said Jesuit Father Thomas J. Reese, one of the organizers of the letter. “Your budget appears to reflect the values of your favorite philosopher, Ayn Rand, rather than the Gospel of Jesus Christ. Her call to selfishness and her antagonism toward religion are antithetical to the Gospel values of compassion and love.”
But any urban legend about Ryan’s affinity for Rand surely started with Ryan himself, who, prior to this week, had no qualms about gushing about Rand’s influence on his guiding principles.
“The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand,” Ryan said during a 2005 event honoring Rand in Washington, D.C., the Milwaukee Journal Sentinel reported in April 2009.
During the 2005 gathering, Ryan told the audience, “Almost every fight we are involved in here on Capitol Hill … is a fight that usually comes down to one conflict — individualism versus collectivism.” The event was hosted by The Atlas Society, which prominently features a photo of Rand on its website and describes itself as a group that “promotes open Objectivism: the philosophy of reason, achievement, individualism, and freedom.”
Ryan also said during a 2003 interview with the Weekly Standard, “I give out ‘Atlas Shrugged’ as Christmas presents, and I make all my interns read it. Well … I try to make my interns read it.” He noted that he “looked into” Rand’s work when he was younger, but reiterated that he is a Christian and reads the Bible often.
In 2009, Ryan posted two videos on his Facebook page raving about the importance of Rand’s views.
“If ‘Atlas Shrugged’ author Ayn Rand were alive today, here’s the urgent message I think she’d be conveying,” Ryan wrote alongside the first video, titled “Ayn Rand’s relevance in 2009.”
He says in the video:
What’s unique about what’s happening today in government, in the world, in America, is it’s as if we’re living in an Ayn Rand novel right now. I think Ayn Rand did the best job of anybody to build the moral case for capitalism. And that morality of capitalism is under assault. And we are going to replace it with a crony capitalism, collectivist, government-run system which is creeping its way into government. And so if Ayn Rand were here today, I think she would do a great job in showing us just how wrong what government is doing is. Not the quantitative analysis, not the numbers, but the morality of what is wrong with what government is doing today.
In the second video, titled “Ayn Rand & 2009 America, Part 2,” Ryan says it doesn’t surprise him that sales of “The Fountainhead” and “Atlas Shrugged” have “surged” since President Barack Obama took office.
“It’s that kind of thinking, that kind of writing, that is sorely needed right now. And I think a lot of people would observe that we are living in an Ayn Rand novel right now, metaphorically speaking,” Ryan says. “The attack on Democratic capitalism, on individualism and freedom in America is an attack on the moral foundation of America. And Ayn Rand more than anyone else did a fantastic job of explaining the morality of capitalism, the morality of individualism. This, to me, is what matters most.”
Some of Ryan’s critics took a shot at him for suddenly distancing himself from Rand.
“Not pure enough on entitlement cuts @philipaklein @robertcostaNRO Paul Ryan on Ayn Rand: ‘I reject her philosophy,'” Austan Goolsbee, the former chairman of Obama’s Council of Economic Advisers, tweeted Thursday.
UPDATE: 5:14 p.m. — Ryan spokesman Kevin Seifert downplayed the lawmaker’s apparent change of tune on Rand.
“I wouldn’t make too much of this one way or another. Congressman Ryan was not ‘distancing himself’ from Rand, merely correcting several false storylines that are out there, such as the myth that he requires all of his staffers to read Atlas Shrugged. Saying he ‘rejects Ayn Rand’s philosophy’ was simply meant to correct a popular falsehood that Congressman Ryan is an Objectivist — he isn’t now and never claimed to be,” Seifert said in a statement to The Huffington Post.
By: Jennifer Bendery, The Huffington Post, April 27, 2012
“In The Rearview Mirror”: GOP Already Backseat Driving Romney Campaign
It seems awfully early in the campaign for campaign-strategy kibitzing, but Republicans are already leaning into the front seat to tell Mitt Romney what he should be doing differently. The New York Times reports on a host of Republicans fretting over the “angry tenor” of Romney’s campaign. Likewise, the Wall Street Journal editorial page urges Romney to be more positive. (And also, um, more mean: “One of Mr. Romney’s trickiest challenges will be how to handle Mr. Obama’s, er, veracity. … Mr. Romney can’t let the President get away with this.”)
Campaign backseat driving, as a rule, tends to be crap. There is a grain of truth here. In any incumbent election, voters tend to have pretty firm opinions about the incumbent. The campaign dynamic therefore hinges largely on the acceptability of the challenger. (Obviously, if the incumbent is popular or unpopular enough, the challenger’s standing doesn’t matter much.) The 2004 election, an election that seemed to revolve almost entirely around defining John Kerry, offers a good illustration. An incumbent hanging around the 50 percent approval mark will tend to devote his energy to disqualify the challenger, and the challenger will tend to focus on building himself up.
The problem for Romney’s campaign is that his staff is built to run a negative campaign.
Jason Zengerle’s fantastic profile of Eric Fehrnstrom, Romney’s all-purpose guru, underscores how and why his campaign has behaved as it has. Fehrnstrom is tabloid hit man by trade, a cynical man who is filled with resentment at the liberal swells. He excelled at crafting a series of attacks against Romney’s parade of Republican challengers, knocking each of them off one by one. But a big-picture visionary he clearly is not. The undercurrent of early criticism probably reflects the fact that Romney’s main advisers are not deeply rooted in conservative-movement ideology.
An additional problem is that Romney doesn’t have a politically attractive vision to offer. The Journal counsels him to move beyond his gauzy paeans to capitalism and American greatness and instead embrace the Paul Ryan agenda more specifically. Of course, Romney had to embrace the Ryan plan to make it through the primary, but his campaign pretty clearly grasps that this is a liability, and the more closely he’s tied to its specific policies, the worse he’ll fare. A bold and centrist agenda might work — say, an embrace of a Bowles-Simpson type of plan, perhaps coupled with some alternate proposal to ensure universal coverage. But the Ryan plan precludes that.
The Journal also argues that Romney should inoculate himself from the inevitable charge that he represents a return to the Bush era by attacking Bush’s record from the right:
Before Mr. Obama’s stimulus, Mr. Bush joined with Nancy Pelosi and Larry Summers on the blunder of “targeted, temporary” tax cuts. Mr. Bush began playing business favorites for ethanol and green energy fads. Republicans in Congress spent like Democrats and protected Fannie Mae and the housing lobby. And Mr. Bush and most Republicans embraced an easy-money Federal Reserve that favored Wall Street and asset bubbles at the expense of real middle-class incomes.
The interesting thing about this isn’t the political-advice aspect. It’s that the Journal is really giving away the game on the right-wing hysteria against Obama. After all, the point here is that many of Obama’s policies truly are a continuation of traditional bipartisan approaches. Republicans (including the Journal) have spent more than three years decrying Obama’s plans to destroy American freedom with a nefarious new agenda of profligacy and crony capitalism. Here, they’re basically admitting that Obama is just doing stuff they all considered, at worst, a minor annoyance until he proposed it. For better or worse, the party that’s departing from long-standing tradition here is the GOP. I don’t know if it matters much one way or another politically, but it’s quite an admission.
By: Jonathan Chait, Daily Intel, April 26, 2012
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