Kevin Drum of the progressive magazine Mother Jones, in a blog post about the president’s press conference, concludes with these thoughts:
Hated or not, Obama’s tax deal is fairly good for the economy and it quite likely cements his reelection chances. If GDP growth is even in the neighborhood of 3%, I don’t think he’s beatable….Looking at American politics from a 100,000-foot level, conservatives have won. Programmatic liberalism is essentially dead for a good long time, and small bore stuff is probably the best we can hope for over the next 10-20 years — though social liberalism will continue to make steady advances. I reserve judgment on whose fault that is.
So the tax deal is good and will help the economy — and will kill off “programmatic liberalism.” Isn’t that an acknowledgment by a leading leftist blogger that “programmatic liberalism” of the sort Obama has attempted is economically unsound? Drum says he is reserving judgment on whose fault that is. But maybe it’s not the fault of a who, but rather a what — an unworkable philosophy.