Whose New Gilded Age?

The New York Times recently ran a lead Sunday Magazine article on the “The New Gilded Age.” The article tastefully failed to note that most of the monied people discussed were Democrats. It’s further evidence, I’d say, that liberal Democrats are having a hard time owning up to the nature of their party. In his new book The Squandering of America (reviewed in the November issue of COMMENTARY), liberal economist Robert Kuttner describes his dismay at discovering that the liberal wing of the Democratic Party has gone upscale. “I have attended Democratic fund-raising events in the Park Avenue homes of investment bankers,” he writes, “where there was plenty of enthusiasm for human rights, morning-after pills, and climate change, but nary a word about financial regulation or social investment.” Kuttner’s ideological soulmate, New York Times columnist Paul Krugman, lodges a similar complaint about the Democrats’ refusal to close “the hedge fund tax loophole—which allows executives at private equity firms and hedge funds to pay a tax rate of only 15 percent on most of their income.” The Democrats, he concludes are “wobbled by wealth.”

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Whose New Gilded Age?

Must-Reads from Magazine

Trump Quietly Gives Putin What He Wants

Quid pro quo?

Until now, the notion that Donald Trump was providing Russia and Vladimir Putin with concessions at the expense of U.S. interests was poorly supported. That all changed on Wednesday afternoon when the Washington Post revealed that Donald Trump ordered his national security advisor and CIA director to scrap a program that provided covert aid to anti-Assad rebels in Syria.

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Voters in the Age of Affect

Is it Trump's posture, or is it simpler than that?

Though it enjoys a level of political dominance unseen since the 1920s, the Republican Party’s agenda is stalled. Yet, despite their failure to repeal and replace ObamaCare, Republicans are damned like Sisyphus to keep trying. Republican office holders must now administer health care’s taxes and subsidies, and the rest of the GOP agenda cannot advance without freeing up the revenue dedicated to the administration of ObamaCare. A dysfunctional, one-party Congress led by an unpopular neophyte in the Oval Office should precipitate a backlash among voters. But that outcome is far from certain. Ubiquitous surveys and studies dedicated to uncovering the mystery that is the curious and contradictory Trump voter suggests that this may indeed be a new political epoch.

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Iran’s Newest Hostage is Different

An escalation.

On July 16, 2017, Iranian Judiciary spokesman Gholamhosein Mohseni Ejehi announced that Iran had sentenced an American to ten years in prison for alleged espionage. An Iranian judiciary website subsequently identified the American as 37-year-old, China-born Xiyue Wang, a Princeton University Ph.D. student in history.

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Trump’s Naïveté on Display in Syria

The hen house is secured.

Eric Edelman–a former undersecretary of defense in the Bush administration, an aide to Vice President Cheney, and one of the most respected foreign policy hands in Washington–wrote that the July 7 meeting in Hamburg between Donald Trump and Vladimir Putin was the most disastrous superpower summit since John F. Kennedy met Nikita Khrushchev in 1961. That Cold War-era summit emboldened the Soviets to put up the Berlin Wall and send missiles to Cuba, thus bringing the world to the brink of nuclear war. It’s a harsh judgment, but its essential accuracy is being confirmed by what we have learned since July 7.

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The ‘Intersectionality’ Trap

No more Sister Souljah moments.

Republicans didn’t always scoff dismissively at the self-destructive, reactionary, fractious collection of malcontents who call themselves The Resistance. The hundreds of thousands who marched in the streets following Donald Trump’s election once honestly unnerved the GOP. This grassroots energy culminated in January’s Women’s March, a multi-day event in which nearly two million people mobilized peacefully and, most importantly, sympathetically in opposition to the president. It was the perfect antidote to the violent anti-Trump demonstrations that typified Inauguration Day, and it might have formed the nucleus of a politically potent movement. The fall of the Women’s March exposes the blight weakening the left and crippling the Democratic Party.

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