I’d prefer the “Millennial Deal,” or “Democratic Deal,” or basically anything with a more historically-appropriate name than the elusive word “new,” but everyone you and I know are going to call this the new new deal, so i’ll just go with it for now.
What I’m talking about is this:
Obama says that he will implement a massive public works program to fully modernize our nation’s infrastructure, both to create jobs and to become environmentally friendly.
On top of that, there’s talk of the total spending of this depression reaching a staggering 8.5 trillion dollars. That’s just mind boggling, but it’s also big enough to really get things moving again. I’ll let Paul Krugman explain why this is a good idea.
So basically I’m really really fucking impressed. Obama is doing what progressives have been saying needs to be done. He isn’t playing politics, or “triangulating,” as the Clintons called it. Sure we can complain that his cabinet is “too beltway,” but that’s a pretty minor complaint considering that he seems to be acting like a better-informed FDR. In fact, that’s the only complaint that us lefties seem to have.
Shortly before the election (and before the financial meltdown), I wrote that, based on where our country was, there was nothing significant that Obama had proposed that I myself wouldn’t do. It turns out that my assessment was more true than I thought, because I wasn’t expecting this crisis, or this type of direction out of the crisis. A new New Deal is what we’ve been waiting for, and, amazingly, it seems that that’s what we’re getting.
Just goes to show, absolutely anything is possible in politics, so dream big.