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John West

Week 12: How Business Expertise Translates Into Politics - Ta-Nehisi Coates - The Atlantic - 0 views

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    This is a nice bit of Romney retrospect, investigating what I looked at as his greatest asset during the race: his past as a successful businessman. In an election where the economy is inarguably the most important issue to voters, I saw his business savvy as something that would resonate with a lot of people. These authors are suggesting reasons why business success does not always translate well to politics. A convincing one, brought up early on in the piece, is the idea that CEO's and "money men" are required to interact with people below them in their respective hierarchy in a fundamentally different way. Namely, businessmen are not as used to people telling them what they don't want to hear. Another Romney-specific point a commenter raises is that Romney is not a businessman in the same way as a manufacturing CEO or someone like that: he is a "deal-maker," less involved in leading a company than striking enormous deals with other men like himself. The idea that a country is a business, and should be run by a businessman, seems like an easy train of thought to arrive to when our economy still struggling from a recession. This article brings up some interesting contradictions to this part of the Romney campaign. While I looked at his experience (not counting his superwealth) as an asset to a man promising to fix the economy, the article pointed to ways that this can actually hurt him. An interesting one has to do with the basic dynamics of the election: where a businessman needs to sell a good product, a president has to address people and communities as the things that need to be "fixed." This is where elections become personal, and where I saw Romney struggling to connect. This kind of thinking led to the infamous 47% comment: in the eyes of a businessman, discounting a part of a company implies nothing personal. To the rest of America, he was talking about friends and neighbors. This is where I believe he failed: running a country is fundamen
Eli Melrod

Week 8:The Self-Destruction of the 1 Percent - 5 views

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    I get so worked up when super-wealthy people act like they are somehow being persecuted when the Democrats asked them to "pay their fair share." I think this op-ed piece does a great job of explaining the frustration with the current socioeconomic divide. The author writes that "It is no accident that in America today the gap between the very rich and everyone else is wider than at any time since the Gilded Age." Although we can sit around and pretend that people "need to learn" from the rich. In reality, a of government policies are making it much harder to go from poor to rich, or even middle class. As the author describes the holes in the current American system, "Exhibit A is the bipartisan, $700 billion rescue of Wall Street in 2008. Exhibit B is the crony recovery. The economists Emmanuel Saez and Thomas Piketty found that 93 percent of the income gains from the 2009-10 recovery went to the top 1 percent of taxpayers. The top 0.01 percent captured 37 percent of these additional earnings, gaining an average of $4.2 million per household." This article doesn't blame Romney or Obama, it just explains why people are starting to have problems with the idea of the "1%." I personally don't think the outcry is against the actual members of the 1%, but rather agains the policies that it make socioeconomic inequality greater.
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    I think there are some reasonable points to this claim, but has anyone ever considered that the reason the divide is growing is that maybe some middle class people are rising up the economic ladder. The number of millionaires in the United States is the highest it has ever been, so why is this bad. The statistic of the growing gap can be twisted so that it appears that the policies are bad, when in reality they could have some positive qualities. Aren't policies that allow for people to move up in the world good?
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    The number of millionaires may be the highest in history, but the percentage of Americans below the poverty line is 15%; the percentage of Americans that don't have a secure food source is 11%. So, great we have more millionaires, but also a lot more people that are in poverty or don't have enough food to eat on a consistent basis. If we were to tax the rich a higher rate, we coud have a system that lets fewer people slip through the cracks. Like this article mentions, rich people's kids go to private school and get first rate educations, while poor kids go to public schools with smaller and smaller budgets every year; this cycle stagnates social mobility. The rich get educated and get good jobs, while the poor go to failing public schools and receive second rate educations and are stuck in second rate jobs. In California, we have a proposition on the ballot that would raise the income tax on people making over $250,000 a year to provide more money for education. That kind of tax policy makes a lot of sense to me, if we look at the cycle of social immobility caused by education that I previously mentioned. I personally care much more about how many people are in poverty than how many millionaires we have.
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    here's another article that isn't an op-ed piece about the overall economic impact of income inequality: http://www.nytimes.com/2012/10/17/business/economy/income-inequality-may-take-toll-on-growth.html?ref=global-home This makes the income inequality situation not just a problem of more poverty, but also an overall economic problem. "The concentration of income in the hands of the rich might not just mean a more unequal society, economists believe. It might mean less stable economic expansions and sluggish growth."
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    I agree with both of you in the sense that more millionaires would be a positive thing for the US, if they didn't correlate with a greater number of people in poverty. The millionaire statistic, without looking at what it means on the other end of the spectrum, is misleading. Cameron, I think your point about more middle class "climbing the ladder" sounds reasonable, but simply doesn't seem to be the way things play out in the US. The growing numbers of those in poverty that Eli mentions is meaningful alongside the millionaire numbers because it suggests cause and effect. Eli, I think the non-op-ed piece you posted above makes a really good companion to the original article. It demonstrates the "extractive" capitalism of the Venice article in really clear terms.
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    I agree that it is hard to appreciate the economic reality of the US without recognizing both the minority of the extremely wealthy and the growing number of people living in poverty. Only looking at one demographic paints an inaccurate portrait of the American people and economy; when we only talk about millionaires, policies will be made around the assumption that government-sanctioned aid and support is unnecessary or even unrealistic, when we only talk about lower-class people, solving large-scale socioeconomic issues is inherently difficult and going off of liberal taxation viewpoints, diminishing the economic divide is puzzling. Your point, Eli, about the systematic nature of these problems is really poignant and I whole-heartedly agree. I also think the distinction you make about how great poverty is not only a problem for poor people is vastly important to comprehend.
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    It is funny to think that the rich would not just accept paying higher income tax. There are some in the top one percent like Warren Buffet or Bill Gates that are willing to pay the higher tax. To me if you were rich what difference does it make to pay more, you already have so much money. I think a bigger problem could actually come from the 99% in the fact that it is up to the individual to take opportunities that come to them or they find to get ahead in life. I know people that have been looking for jobs, but not putting the effort in to actually get one, then they go complain about all of these issues brought up in the article when they are their own problem.
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    I think that what Mr. Potepan said in the talk really applies here. The idea is that when money is mobile, the economy is flourishing, but once the money gets locked up in the super-rich's bank accounts it doesn't help anyone because it's not being invested. It's always interesting to see historical examples of theories like these, and the thing about Venice seems like it illustrates Mr. Potepan's point well.
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    I agree with Cody that the point of the article is that successful states are those that give everyone access to economic opportunity and that inclusiveness as opposed to exclusiveness makes for a more prosperous country. The "book of gold" is a powerful image for the special access and privilege the elite had in Venice that continues today in access to better education tax breaks, etc. That access is something people don't want to give up. The African-American president at Brown who didn't want to give up legacy at admissions, since she had a granddaughter shows how once you have privilege, you don't want to let it go.
Anna Schutte

The Remaking of the President - 0 views

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    This article in The Economist does a good job of summing up where Obama had the edge over Romney. It was clear, as we've talked about, that his message resonated most with young women, minorities, the educated, and the young. He won female voters by eleven points, which was more than enough to beat Romney's seven point advantage among men, especially because women make up more of the population than men. I thought it was also interesting to learn that Obama enjoyed a lead of 13% among voters who had post-graduate degrees. The article does imply that Obama past legislation in order to reach certain groups. Their examples include the Lilly Ledbetter Act to reach women, the Dream Act for Latinos. They also acuse Obama's campaign for being unnecessarily negative about Romney's business background implying that he only cared about the rich. I didn't know that Obama's campaign opened three times as many field offices as Romney. Though it is disillusioning to consider all the things a good man like Obama must do to get elected, it's obvious his campaign was smart, and up to date. The graphs of who voted for each candidate are worth taking a look at. It's particularly interesting to me that Romney won the votes of people whose annual income in under $50,000 and Obama won with those making over $50,000.
John West

Karl Rove: He's Back, Big Time - Businessweek - 4 views

  • Wynn’s preference for anonymity in such transactions posed no obstacle. That’s the whole idea behind Crossroads GPS.
  • unlimited, undisclosed contributions from industrialists, financiers, and other loaded insiders
  • To maintain its supporters’ anonymity, a social welfare group like GPS must not have a “primary purpose” of a political nature, and it cannot coordinate strategy with candidates.
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  • unlimited-outside-money boom
  • the Crossroads-led offensive is collectively poised to spend more than $1 billion on the 2012 elections, according to Republican operatives. That’s roughly twice—repeat: twice—what Democrats expect to spend by means of their super PACs and social welfare groups.
  • The Democrat turned down public money, revealed himself to be a fundraising dervish, and outspent his opponent by nearly two-to-one.
  • some on the right “decided to create an enduring entity as a counterbalance.” Those entities are the Crossroads groups.
  • Rove pitched his proposed startup as a more professional alternative, one built to have impact in 2010 but endure long beyond. “The business model of a consultant-driven, vendor-directed entity that hired itself increasingly lacked credibility with donors and was unsustainable,” Rove explains.
  • “Conservative activists tend to act like six-year-olds on soccer teams,” he explains, “with everyone grouping around the ball and getting in each other’s way. Karl’s idea was that all of these organizations should share information, coordinate polling, reduce redundancy.”
  • many of those who are squealing the loudest now [about Crossroads] are the same people who were mute when groups on the left were pioneering the use of 527s and 501(c)(4)s. … Liberals cheered then but are now quick to try and stop conservatives from using the techniques they used in the past.
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    I was really interested by the section of the Conrad reading that dealt with campaign funding. This article details Karl Rove, one of the biggest names in political finance who has masterminded the Republican switch from "hard" (personal donations) to "soft" ("social welfare") funding. Many think of him as the man who kept Bush Jr. afloat for two terms, and now Romney has him in charge of funneling donations from massively wealthy, anonymous Republicans into a "social welfare organization" (to be spent on anti-Obama ads). Groups likes these on either side are part of what Rove refers to as the "unlimited-outside-money boom." While Republicans are not the only guilty party, I find it really disturbing that groups like American Crossroads and Crossroads GPS can be legally separate from the Romney campaign itself. This loophole encourages aggressive ads and a totally out-of-control budget - more than a billion dollars - during the campaigning. The advertising machine developed by the Romney campaign has twice the budget of Obama's: if he can't keep up, how could any less mainstream candidate even hope to? This article makes a really strong case for limiting spending. Rove makes a point about keeping the parties themselves stronger, but it was not enough to sell the idea to me. The grimmest part is the story of one-upping Rove gives: he created Crossroads as a response to Obama's doubling of the Republican budget in the last race, pointing out that this cycle could continue.
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    One of the ideas that stuck with me the most after reading this article about an issue that is certainly controversial, but somewhat unavoidable, was the quote you also brought up, which is that Karl Rove is invested in "[solidifying] Republican control in Washington, not subvert[ing] the party system." This paradox is really fascinating and seems masked by subtlety. By strengthening and giving great power to the Republican party, both in Congress and through the President, I would assume that the party system would be thoroughly changed. Even though a Democrat could run for the next term, if Rove is right in saying that this new way of campaign financing and organizing is cyclical, it seems like "Republican control in Washington" could turn into a more lasting situation. But because this article addressed the growing Democratic campaign financing world, which I have always struggled to learn more about, it is difficult to say if the growth of Republican resources would really change anything. If Democrats soon catch up in terms of their financial abilities and "receive unlimited, undisclosed contributions from industrialists, financiers, and other loaded insiders," then wouldn't it just elevate the scale of presidential campaigning, and the classic dynamics of the race would remain the same?
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    This article's description of Karl Rove's 501c4, which is supposed to be a non-profit, social welfare agency sharing offices with his 527 super-pac is very disturbing. It seems that it should be breaking some law that they share executives, employees, consultants, etc. The definition of "social welfare" in politics is a very slippery idea. So much has been made of the Supreme Court's Citizen's United decision's effect on the Repulblican's ability to raise huge amounts of money, I had no idea that the Democrats had been doing the same thing for a long time. The article refers to a book by Brendan Doherty, The Rise of the President's Permanent Campaign. The title itself exposes a sad truth about our political system. It never seems to end. It is wrong that all this money floods into "social welfare" agencies to research and pay for endless political ads when there is so much real work to be done to help real people. I can't help but wonder whether we can consider a system like France where politicians can only campaign for a short period of time or whether we should have a law that a president can only serve one six year term. He can then work on his agenda instead of always thinking about the next election.
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    I found this really interesting, especially being in the campaign finance small group for the presentation. The article does a good job describing the confusing nuances of 501s and 527s (superpacs and social welfare groups), but what I found the most interesting was the discussion of Obama's vilification of the Citizens United decision. The decision definitely hurt the Democratic party and gave the Republicans an advantage in the world of campaign finance, and this article seems to accuse Obama of deliberately misrepresenting the decision to make it seem worse than it was.
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    The part that stuck out to me in this article was when Rove tried to act as if unions and corporations should have the same rights. Unions represent large groups of people working for companies (i.e. the United Auto Workers). The people in these unions are generally blue-collar, working class people. Corporations on the other hand are all about making money. To me, it seems much more fair for unions to be able to run politically driven ads than corporations, but I'm not sure how that would work legally.
miles henderson

Romney Vows to Deliver Country From Economic Travails - 3 views

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    This article stood out to me because of how badly Romney attacks the Obama campaign. Romney takes a shot at the president by saying, "If you felt that excitement when you voted for Barack Obama, shouldn't you feel that way now that he's President Obama?" I enjoyed the article because it shows that Romney has a plan that he thinks will genuinely work, but I dislike like fact he was not giving the Obama administration credit for anything positive. Romney briefly gives Obama credit for giving Seal Team 6 the order to take out Bin Laden, but then blames him for making every American less safe because of his failure to secure Iran's nuclear threat.
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    I agree that this speech did a good job attacking Obama and evoking the harsh economic conditions of his term. One thing that really bothered me, though, about this speech was Romney's claim that the Republicans made a good faith effort to support president Obama. I understand what he was doing, trying to identify with disillusioned Obama voters, but the fact is that the Republicans, in Congress and elsewhere, did everything they could to spite Obama while he was in office. Mitch McConnell, a Republican senator from Kentucky, gave a speech where he said his "number one priority" - above the economy, above welfare reform, above literally anything else - was to make Obama a one term president. In my eyes, it looks like Romney's claim that he and the Republican party wanted Obama to succeed is just blatantly untrue.
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    I agree with Cody's last point, and I would definitely extend it beyond the presidential race. From what I can tell, a widespread Republican tactic during the past four years has been obstructing Obama's policy with filibusters, etc. I would totally understand trying to put your opponent down during a race, or even opposing his policy decisions during the term if there are viable alternatives, but I see this comment as lying about the partisan track-record here. The point Miles brings up about Romney's plan seems like a strong direction for his campaign to me, especially with the new spin being put on the governor's background. This is genius to me. At face value, he shuts down all of the criticism Democrats throw at his about his distance from the middle class by using his business background as an asset. So when he presents a plan he thinks will work, like you said, it comes from a guy whose credentials make him appear like he knows what he's talking about and can "get it right."
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    I enjoyed reading this article because it shows that Romney is doing something I have wanted him to do for a long time, which is humanize himself. This election is going to be won by speeches and connection with voters. President Obama is, by far, one of the best speakers I have ever heard and that is why he gets a lot of his votes. While I am slightly upset that Romney attacked Obama in such a harsh manner, I don't get the sense that that was it's main purpose. The way I see that speech is that it was an attempt to reason with and connect to voters in a way Romney has not done before. I posted before about the importance of connection and I still believe that it is charisma and connections that will provide an edge in this election and I am happy to see Romney is starting to realize that.
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    Cameron, I really don't see Romney winning on his ability to connect on a human level with the electorate. Obama will beat Romney on likability right up until election day and that will not change. I don't think that Romney going down the route of telling his life story help him that much either. Much of what was said about him was an attempt to make it look like he is a normal, which he frankly is not; he won't even release his tax statements. Romney will win on coming across as someone that is ready to take on the economic problems not on who is more likable.
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