Commentary Magazine


Flotsam and Jetsam

Warren Buffett doesn’t think Goldman Sachs did anything wrong: “t doesn’t make any difference whether it was Paulson on the other side of the deal or whether Goldman was on the other side of the deal or whether Berkshire was on the other side of the deal.”

Obama sure doesn’t seem to be doing anything to help Congressional Democrats: “President Barack Obama’s Washington-bashing could boomerang on his own party in Congress if he’s not careful, House Democratic leaders warned White House senior adviser Daivd Axelrod in a closed-door meeting Thursday. The fear — raised by Speaker Nancy Pelosi, campaign chief Chris Van Hollen and Majority Whip Jim Clyburn — is that Democrats have more to lose if anti-Washington sentiment is not directed at one party or the other.” Somehow Obama thinks voters won’t notice that he’s part of Washington.

Hezbollah and Syria have gotten the idea that the Obami aren’t going to do anything about the Scud missiles in Lebanon: “Hezbollah leader Hassan Nasrallah said on Saturday that the Lebanese militia had a ‘legal and humanitarian’ right to amass weapons in order to protect those ‘oppressed and threatened by Israel,’ Israel Radio reported Saturday.”

The Gray Lady criticizes Obama for not doing anything about the Florida oil spill for days: “The company, BP, seems to have been slow to ask for help, and, on Friday, both federal and state officials accused it of not moving aggressively or swiftly enough. Yet the administration should not have waited, and should have intervened much more quickly on its own initiative. A White House as politically attuned as this one should have been conscious of two obvious historical lessons. One was the Exxon Valdez, where a late and lame response by both industry and the federal government all but destroyed one of the country’s richest fishing grounds and ended up costing billions of dollars. The other was President George W. Bush’s hapless response to Hurricane Katrina.” Ouch.

Big Insurance can’t find anything wrong with the Obami’s financial-reform bill. But “don’t expect this fact to get in the way of Obama portraying this bill as a broadside to the special interests. And that reformer-vs-industry narrative, like an old blanket or a bowl of chicken-noodle soup, is too familiar and too comfortable for the mainstream press to shed.”

Matt Continetti doesn’t see anything that will absorb Obama and his fellow Democrats as much as bullying his opponents: “Iran is close to obtaining nuclear weapons. The euro zone is in crisis. The U.S. unemployment rate is near 10 percent. America’s social insurance programs threaten to bankrupt the country. And—most unusual—the Washington Nationals are above .500. But rest easy. None of this is distracting the Obama administration and congressional Democrats from their full-time occupation: demonizing the political opposition.”

Stuart Rothenberg doesn’t think Charlie Crist’s independent run changes much of anything in the senate outlook: “Florida Governor Charlie’ Crist’s switch out of the GOP Senate race and into the Senate contest as an Independent, combined with the entry of wealthy businessman Jeff Greene into the Democrat race, adds some uncertainty into the contest. But it doesn’t, in our view, change the bottom line entirely. Move from Clear Advantage for Incumbent Party to Narrow Advantage for Incumbent Party. Marco Rubio (R) remains the favorite, but the three-way contest is more unpredictable.” He thinks “the GOP seems most likely to net 5-7 Senate seats, with a 8-seat gain certainly possible (but still short of the 10-seat gain the GOP would need for control).”

Is anything going the Democrats’ way? Not really, says Charlie Cook: “The most recent, and quite compelling, bad omen surfaced in an April 27 Gallup report. The polling organization found that, based on interviews with more than 5,000 registered voters from April 1-25, Democrats had a 4-point lead in the generic congressional ballot test among those ‘not enthusiastic about voting.’ Among the all-important ‘very enthusiastic’ crowd, aka the folks most likely to vote, Democrats trailed by a whopping 20 points, 57 percent to 37 percent. . . . Even Democratic analysts don’t express much optimism about their party’s chances this fall.”