Monday, August 2, 2010

How Obama and the Democrats can regain the nation

Two things can turn a disappointed Democratic base into turning out for a victory.

1- Obama needs to appoint Elizabeth Warren as the head of the Consumer Financial Protection Bureau. He needs to do it in the spirit of protecting consumers and make no apologies for her ability to make Wall Street squirm. Frankly, there isn't a Democrat in America who wouldn't appreciate a little Wall Street squirm fest. Independents too.
After the unending mantra from the right about bailing Wall Street out, the oversight would go a long way in spoiling the criticism. If there is one rule that holds true in every election it is that the party on the defense loses. As head of the Democratic party in an already threatening mid-term election, he owes it to his party as well as the people he serves. If he doesn't, the critics from both sides will chase Democrats right out of congress.

2- The Democratic majority in congress needs to let the tax breaks for the rich expire as scheduled and structure the new tax law now making it immediately public. No tax increases for the other 90% and no apologies to the rich who bilked our economy with the excesses during Bush's term. It's time to stop increasing our debt with fat cats free ride. Everyone is suffering and it is high time that people got the nod in a financial decision made by this congress.

Obama can put the Republicans on the defensive by appointing a watchdog who barks and bites and it would demonstrate that people's protection outweighs the lobbying. After the beating we took from Wall Street, anyone less than Warren would be an insult. The Republican's opposition to accountability will provide the ammunition to put them on the defensive when it counts. The Democrats can enter the election with a decision on the tax breaks that clearly defines them as the people's party. If they do these two overdue and obvious things, they can turn the election. If they don't, all the bullshit in the world about loyalty isn't going to save their sorry asses from the drop dead turn out they should know will be coming.

No comments:

Post a Comment