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Hodes Continues Running Rightward

by: Laura Clawson

Wed Dec 16, 2009 at 17:58:08 PM EST


(Whatever your view (I agree with Laura), I think this discussion deserves to be front and center.   - promoted by Dean Barker)

And again I find myself reading a Paul Hodes press release and thinking, jaw agape, "seriously?"

"From the beginning, I have been opposed to the Wall Street bailouts.  They have been ill-conceived and mismanaged, and must immediately end.  It is time to put a permanent end to the Wall Street bailouts, and I believe that we must use these funds to pay down the national debt.  Today's plan, while well intentioned, proposes spending the bailout funds - and I firmly believe this money must be used to reduce the national debt.

"Restoring the Granite State's economy is my single highest priority.  Creating good-paying jobs, strengthening our state's small businesses, and helping those who are still suffering in this economy are goals which must be achieved in a fiscally responsible way."

Come again, now? Creating good-paying jobs is your highest priority...but you're putting it beneath the shortest possible view of "fiscal responsibility"? The one that prioritizes paying down a tiny fraction of the debt now over putting people to work and repairing our country's broken infrastructure?

Oh, and how many billions in defense appropriations have you voted for without invoking this kind of hackneyed rightwing crap? Do we only worry about the national debt when it's that vs. working families and non-crumbling bridges?

Creating jobs creates a revenue base. Voting against creating jobs, is voting against creating a revenue base -- at the same time you vote against putting food on the tables of working families.

Barack Obama:

"Now, if we can't grow our economy, then it is going to be that much harder for us to reduce the deficit. The single most important thing we could do right now for deficit reduction is to spark strong economic growth, which means that people who've got jobs are paying taxes, and businesses that are making profits have taxes, are paying taxes. That's the most important thing we can do. We understand that in this administration. [...]

Man, it's starting to look like Paul Hodes-the-Senate-candidate was the worst thing that ever happened to Paul Hodes-the-legislator.

Laura Clawson :: Hodes Continues Running Rightward
Tags: , (All Tags)
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Okay, Congressman - (4.00 / 1)
If you're going to run against Obama, where do you stand on LieberCare?

Hodes: "No more Joe Liebermans" (4.00 / 2)
From an e-mail distribution:
Like you, I am fed up and frustrated by our lack of health care progress in the Senate.

The public option is in serious peril, and anti-choice forces want even more restrictions on women's access to critical care.

This is our moment, and instead, we see politicians like Joe Lieberman bailing out insurance companies and watering down the bill.

I'll never back down from the fight. If you send me to the Senate, I will fight tooth and nail for the principles and ideals we believe in.

Winning next November means building a powerful grassroots network now. -snip



www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
Paul's record interferes with your argument (4.00 / 3)
Man, it's starting to look like Paul Hodes-the-Senate-candidate was the worst thing that ever happened to Paul Hodes-the-legislator.

Last I checked, Paul Hodes was a vocal supporter of comprehensive health care reform -- including a robust public option and no limitations on reproductive freedom.  His votes back that up.  And nothing will create more jobs than that.

Reducing the deficit frees up our ballooning interest payments (spiraling upwards of $500B a year) for investments in programs that matter for working families.  And, as Bill Clinton proved, deficit reduction strengthens confidence in US stability at home and around the world.  That creates jobs.

I believe that there can be a healthy balance between deficit reduction and high priority investments.  And, based on his record, so does Paul Hodes.  That's why he will make an outstanding senator.


So, which program do you pick? (0.00 / 0)
The Obama Administration program, or the Hodes program?

[ Parent ]
False Choice (0.00 / 0)
Allow me to repeat, sir:

I believe that there can be a healthy balance between deficit reduction and high priority investments.  And, based on his record, so does Paul Hodes.  That's why he will make an outstanding senator.



[ Parent ]
What happens to the TARP funds? (0.00 / 0)
Hodes says reduce the deficit, Obama says spending to create jobs.

[ Parent ]
what happens after an election (4.00 / 1)
and before the next one is called governing....I'd stack Paul's record against anybody who has a remote chance of winning the seat.

Not in the shot

[ Parent ]
No answer. (0.00 / 0)
Of course, the question was to DD, not you - but he hasn't answered either.


[ Parent ]
Gladly (4.00 / 1)
I believe that there can be a healthy balance between deficit reduction and high priority investments.  And, based on his record, so does Paul Hodes.  That's why he will make an outstanding senator.

How we subdivide the TARP funds -- as opposed to other portions in our multi-trillion dollar annual budget -- is an arbitrary accounting function.  We need to look at the whole picture, and not a random litmus test.

Paul Hodes is as a progressive a Member of Congress as any in the history of New Hampshire.  He has voted for significant investments for education, environmental protection, health care, and other forms of economic justice.  And, yes, he believes that we need to renew our focus on deficit reduction within that context.  

It ain't the apocalypse, elwood -- it's a smart departure from massive deficit policies that contributed to our current economic mess, and it makes sense.
 


[ Parent ]
Fair enough. (0.00 / 0)
You choose Hodes, in the dispute he is launching with Obama. It's certainly defensible policy.

[ Parent ]
Thank you! (4.00 / 5)
Every dollar spent on interest payments is a dollar not spent on improving our schools, protecting our environment, or caring for those in the shadows of life.

Paul has been very upfront about his belief in fiscal restraint since his first campaign in 2004. He often cited the example of the late Paul Tsongas, a man who holds a special place in the hearts of many NH Democrats, as one of his role models.

America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand. -Harry Truman


[ Parent ]
Distinction: (0.00 / 0)
A good legislator may be negatively impacted by a new influence.  Rep. Hodes HAS been a good legislator; he is, sadly, becoming less so.  

[ Parent ]
Hardly (4.00 / 1)
Paul's votes for the Affordable Health Care for America act -- and against the Stupak Amendment -- were exactly 39 days ago.

He is as progressive as Sarah Palin is stupid.  He has always cared about deficits, and has generally made smart choices when prioritizing spending.  He has not changed.


[ Parent ]
This was a stupid, offensive choice. (4.00 / 1)
So we'll have to agree to disagree on that point.

Why do I feel the way I do? Because I understand that the overall economic health of the country is more important, long-term, in reducing the debt than is a tiny (relatively speaking) payment now. Because even if it wasn't, I think that, with food insecurity on the rise, ridiculous unemployment, and -- well, you pick a measure for suffering and let's look at it -- it's just plain more important to alleviate that suffering.

I value Paul Hodes' overall voting record. But he was wrong on this one, and when he's wrong, he deserves the respect of hearing it.


[ Parent ]
Relevant? (4.00 / 1)
National Debt Exceeds Limit
CBS News finds that the latest calculation of the National Debt has exceeded the statutory Debt Limit approved by Congress. The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.

A Treasury official says the department can use some "extraordinary accounting tools" to give the government "breathing room."



www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


I like all the (0.00 / 0)
anti-Wall Street rhetoric from the same government saying, effectively, "don't worry, we can cook the books."

[ Parent ]
Widespread Concern (4.00 / 1)
Excellent observation Laura.

To win, a candidate must generate enthusiasm, not just tepid support from those who already start out wanting to elect a D, any D, to the seat.

It's actually still early. For example, Katrina Swett hasn't yet announced her intentions in CD 2.  

No'm Sayn?


[ Parent ]
Excuse me? Paul Hodes doesn't generate enthusiasm? (4.00 / 3)
Perhaps my memories of the bad old days in New Hampshire are too vivid.  But when a Granite State Democrat earns the following ratings:

* 95% from Americans for Democratic Action (ADA)
* 100% from AFL-CIO
* 100% from the ACLU
* 100% from the League of Conservation Voters
* 100% from the National Organization of Women (NOW) and Planned Parenthood
* 100% from Parents, Families, and Friends of Lesbians and Gays (PFLAG)
* A from the National Education Association (NEA)
* A+ from the Iraq and Afghanistan Veterans of America
* 12% from the Club for Growth
* 0% from the Family Research Council

. . . then I say:  Thank you very much, Congressman Hodes.  How much money can I contribute to your campaign?  How many doors can I knock?  And how else can I support your campaign for Senate?


[ Parent ]
You Make Clauson's Point (0.00 / 0)
Legislator, very good.
Candidate, turning right.

No'm Sayn?

[ Parent ]
Burt - Swett for Senate? (0.00 / 0)
What do you mean by this?

It's actually still early. For example, Katrina Swett hasn't yet announced her intentions in CD 2.

It's either, Swett's neverending rollout is based on squishy support or that she is rethinking her Senate run.

Dish, buddy, dish.

www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
PS. Find An Open Thread n/t (0.00 / 0)


www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
Guess Again Jack (0.00 / 0)


No'm Sayn?

[ Parent ]
No - (0.00 / 0)
The economy, and the national debt, grow every year.  It doesn't reflect a Scary New Reality.

[ Parent ]
Sta-tu-tory (4.00 / 1)
Not Sca-ry.

www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
It's a problem that needs to be dealt with (4.00 / 2)
...in better times.  Once we've paid off the principal on the debt, government will be less costly due to the absence of our single largest federal program: servicing the debt.  It's a noble cause when the economy can take it.

But let's stop all freaking out.  Most of the major industrialized countries have considerably higher debt-as-a-percentage-of-GDP than we do, and by that standard (which is more honest than raw dollars), we've had far more debt than this before.  Our economy is incomparably massive on the world stage and it sucks that we owe so much to foreign governments, but I'm with you, elwood: let's not make this like we're about to default on our national credit card.  The world still sees our government debt as the safest place to put its money, so much so that the Treasury has been selling government debt at lower interest rates during the recession.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
The worry is that (0.00 / 0)
if we don't get things in order, these might be the better times.

[ Parent ]
That's unfounded. (0.00 / 0)
People are still suffering, but from a stats-and-graphs perspective, the recovery has begun, and all signs are that everyone is doing things exactly as before.  The same mistakes make the same bubbles.

Besides, the world is heavily invested in the prosperity of the United States.  It isn't just our banks--it's our consumption.

The stock market is up three to four thousand points over its low last winter, and it'll continue to climb.  When the time is ripe and unemployment under control, that's the time to start dealing with the debt, like we did in the Clinton years.  For now, you can't pay off the debt unless you cultivate a tax base.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
That's not unfounded (0.00 / 0)
I read the newspapers everyday. Find me an economist or central banker or finance minister that mentions this ephemeral appearance of recovery that I've been reading about forever now, who doesn't in the next breath say how fragile it is.

[ Parent ]
I didn't say it wasn't fragile. (0.00 / 0)
In fact, some of them are pessimistic about how much everyone is falling back into bad habits, especially on Wall Street.

It's a cycle, and this isn't the first manifestation.  The last several post-Reagan recessions haven't been this bad, but they have been followed with growth.  I'm nothing close to a fan of Reaganomics and I think we've lost a lot of time when we could have made a lot of progress in the past three decades, but I don't buy the short-sighted theories about how nothing will ever be the same.

Remember the time Nine Eleven Changed Everything? It didn't. It was big and tragic, but the world kept spinning. There will be repercussions and there need to be big, important changes, but this too shall pass.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
Why's America so special? (4.00 / 1)
Why is it a rich country? How did it get there? How are other countries improving their lot? How did the countries that have become worse off get there? What's it doing to overcome the structural issues that perpetuate poverty? Why is it better to invest in America instead of somewhere else? Is it better to do so? What do its long term prospects look like? Is it governed responsibly? Are young people given the same, more, or fewer opportunities as in other countries? What does that mean when the younger people become older people? What's it going to do about older people?

[ Parent ]
Those are good questions (0.00 / 0)
for the Brookings Institution.

Meanwhile, given the last decade, forgive me for not assuming the world's money is controlled by people who think long-term.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
This is why (0.00 / 0)
I can't share your optimism (yet).

I don't think so either. It is a lot easier for things to get worse than better, especially for Americans.


[ Parent ]
The economy is cyclical (0.00 / 0)
And so is American progress.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
The role of individuals and of policies (0.00 / 0)
has an influence in how long or short those cyclical periods are.

You're right that there's basically a crash every 20 years in American history, but what are the fundamentals that suggest a future for American prosperity--especially over a period of time where people our age stand to benefit from it?


[ Parent ]
You have a fair point, but I can't answer that, so I won't try. (0.00 / 0)
I know what I think based on what I read, but I'm not an economist, and frankly there's far too little deference to expertise in America these days.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
Adding: (0.00 / 0)
I'm not Sarah Palin; I read too.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
That's why I wouldn't call your views (0.00 / 0)
unfounded.

[ Parent ]
Getting things in order means (4.00 / 1)
lowering unemployment and restoring the tax base of the country. Restoring the tax base not just by employing individuals but by restoring the manufacturing base of the country, investing in research and development...not paying down a tiny fraction of the debt only to run it right back up again because of the money you "saved" on a jobs bill.

[ Parent ]
How is fiscal responsibility incompatible with creating jobs? (4.00 / 2)
While I welcome the energy and ideas that the post-2004 influx of new activists has brought, I am sometimes stunned by the lack of historical perspective.

Go back and take a look at what Bill Clinton, Paul Tsongas, and Bob Kerrey said in 1992; look at the policies that Clinton enacted, which, as you may recall, sparked the largest peacetime economic expansion in US history.

America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand. -Harry Truman


Sometimes I too am stunned. (4.00 / 2)
FDR got people working again.

Hoover didn't.

birch, finch, beech


[ Parent ]
George W. Bush was the biggest deficit-monger of all time (4.00 / 2)
. . . and I opposed his fiscal policies because I knew that massive deficits would lead to chronic instability, as well as boom-and-bust cycles that destroy jobs and families.  And, with all due respect, I'm not hypocritical enough to pooh-pooh deficits when Democrats are running them.

This is not 1933.  Jobs can move overseas with the speed of a button, and they don't go to countries in the midst of deficit-inspired stagflation.  Budget sanity is important not only for the "interest dividend", but also to attract and retain jobs.

This is not an either/or choice, as Elwood poses earlier in this threat.  We all know better. . . . I support investments that create jobs and promote long-term growth.  Health care reform, education spending, clean energy, and functioning market regulation fall into this bucket (as do many other elements of the Obama program).  But we need to prioritize -- fast.


[ Parent ]
Yes, it is either / or. (0.00 / 0)
The Obama Administration says: Spend the TARP surplus on job creation programs.

Hodes says: Require that the TARP surplus be used to pay down the deficit.

That is "either / or." It's possible to obfuscate and speak in  general principles - but in Washington it always comes down to an Aye, or a Nay, or a Nor Proven by Scottish Law.


[ Parent ]
The economic realitites of the 1940s vs. those of the 2010s (4.00 / 1)
Comparing apples and artichokes, Dean.

America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand. -Harry Truman

[ Parent ]
Try the 30s and the 10s (0.00 / 0)
Look at history, Peter.

No'm Sayn?

[ Parent ]
This is Judd Gregg's position. (0.00 / 0)
Mine is that no one out of work or underemployed gives a darn about the deficit.

And also that people with jobs create federal revenue, which in turn reduces the deficit.

birch, finch, beech


The alternative (0.00 / 0)
is one of bread today and hunger tomorrow.

[ Parent ]
That isn't true. (0.00 / 0)
As history teaches us.

[ Parent ]
What examples are you looking at? (0.00 / 0)
America's economic strengths are basically its high credit rating and low risk of sovereign default. Both of these things are in jeopardy.

Continuing a high debt to GDP ratio threatens the long term economy. The only people who argue the opposite (and appear to be the mainstream) basically consider the U.S. to be so different that it doesn't have to play by the same rules as everyone else.

If you were looking at the situation blindly and said here's the facts, you wouldn't be so confident.


[ Parent ]
Government spending under Roosevelt - (0.00 / 0)
Republicans would say Laffer curve deficits under Reagan.

[ Parent ]
This is too narrow a range (0.00 / 0)
what about success stories like Brazil under Lula and Cardoso? Canada under the Liberals? Their model was one of fiscal discipline, it produced economic growth.

[ Parent ]
We're not at risk of default. (0.00 / 0)
The economic crisis has made it easier for the Treasury to sell debt, and we have a much lower debt-as-a-percentage-of-GDP than plenty of wealthy nations, including the UK and Japan.

--
"Act as if ye have faith and faith shall be given to you." -Aaron Sorkin


[ Parent ]
The Clinton years never happened, apparently (4.00 / 1)
Here, let me save you the trouble..."DLC! BOOGA! BOOGA!!!"

America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand. -Harry Truman

[ Parent ]
I don't have the slightest idea (0.00 / 1)
what you are babbling about.

Not the first time.


[ Parent ]
troll in the dungeon... (0.00 / 0)


America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand. -Harry Truman

[ Parent ]
Since I said nothing at all about (0.00 / 1)
Clinton - whom I voted for twice - nor the DLC, and only responded to Gallichon's smug-yet-stupid dismissal of ALL deficit spending as bad, your comment makes no sense.

Stick to the ratings abuse, Peter. It's too hard to try to understand your actual writing.  


[ Parent ]
I didn't say all deficit spending is always bad (0.00 / 0)
I just don't think the American government is in a position to pile on debt without harming its long term prospects because of the records of other countries in the last 20-30 years, rather than optimistically looking at the canonical Democratic reading of the history of FDR and the Great Depression.

The TARP money was never intended to be all spent, and the last stimulus package showed how incompetent the government is at job creation. Job creation is driven by a private sector, comfortable with the stability of government policy.


[ Parent ]
You said, in total, endorsing Gregg's position: (0.00 / 0)
The alternative (0.00 / 0)
is one of bread today and hunger tomorrow

If you don't want to be heard making broad sweeping  statements - don't make broad sweeping statements.


[ Parent ]
My position is (0.00 / 0)
the government is acting with a view to the short term when the question I have to ask is whether the United States is a country I can afford to live in 20 years down the road.

[ Parent ]
the best job yield (4.00 / 1)
Would have come from direct aid to states, both for "shovel ready" projects and to prevent layoffs of state workers.  Some of the first happened.  The second did not.

[ Parent ]
Peter, a troll is someone who (0.00 / 0)
goes to a blog to undermine the blog in some way. Elwood is not a troll. You, personally, did not like his post. That is not a cause for a troll rating. This is not the first time you have done this. Please stop. It says in the "Getting Started" page that ratings abuse is a cause to ban your account.

[ Parent ]
Not necessarily. (4.00 / 1)
Plus, is it better to die of hunger today so there is no tomorrow? Or hope that we can create a more sustainable economy on all levels?

FDR ran deficits, though not as big, and the economy recovered, continued to expand during the war, and then saw the blossoming of the proverbial middle class from 1945-1975, or so.

Ronald Reagan came in with a "mandate" to undo as much of what FDR did as possible.  The band-aid of regulation came off slowly, and thirty years later, another Great Depression. Only this time, the worst was staved off by the intervention that mostly helped the financiers.

Believe me, not many of us could handle what people went through in the 1930s. There was starvation, homelessness, sickness, and displacement on a scale we've only seen on the teevee.

Deficits are not ideal. But this massive one was caused by the reckless policies of George W Bush and Republicans like Phil Gramm. He was the architect of this whole epic fail. Have you noticed he hasn't been around much lately?


[ Parent ]
I absolutely agree (4.00 / 2)
with where the blame lies, and I don't think continuing the reckless Bush financial policies is a good way to mitigate the problem.

[ Parent ]
There is a difference in where the money is put. (4.00 / 3)
War spending only feeds a small segment of the economy. Jobs creation and investment in new technologies will help kick start the broader economy. Our infrastructure is in desperate need of upgrading.

Also the tax cuts for the wealthiest must be rolled back. There is no reason why Warren Buffet's secretary should be paying more of her salary in taxes than Buffet does. The irony is that Bush Sr, is the one who coined the phrase "voodoo economics" when Reagan proposed the same policy.


[ Parent ]
Bring Back Keynes! (0.00 / 0)

Public money MUST now be invested in growing the common wealth. It worked before, it will work again: creating jobs retrofitting homes and businesses, rebuilding the infrastructure are exactly what we must do now. The deficit hawks serve the selfish plutocrats very well indeed.  

No'm Sayn?

[ Parent ]
I agree with Burt (4.00 / 2)
Burt's right - gosh, that was hard to say:)

Job creation should be the number one domestic priority right now.

Well, the selfish plutocrat thing I think is a bit over the top, but the rest of it I agree with.  




"When you get to the end of your rope, tie a knot and hang on."  Franklin D. Roosevelt    


[ Parent ]
Taking a screenshot of this comment (4.00 / 2)
Should be worth something at an auction someday...

Hope > Fear




Create a free Blue Hampshire account and join the conversation.


[ Parent ]
Tethered to the left? (0.00 / 0)
The day of the pig roast, the question I didn't ask was "How can progressive bloggers help you, Congressman, battle for the center/center-right?"

What do the bloggers think?

I'd like to add, the current meme is that the "base" won't show up.
Kos: And the voter intensity numbers are clear -- base Democratic voters are planning to sit out 2010.


www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


Is there a link to the entire press release you are discussing? (0.00 / 0)


"But, in the unlikely story that is America, there has never been anything false about hope." Si se puede. Yes we can.  

Here it is: (0.00 / 0)
 Congressman Paul Hodes

Representing New Hampshire's Second Congressional District

Press Release

For Immediate Release

December 16, 2009

Contact:           Aaron Rottenstein

Matt House

                       202-225-5206

* *

HODES STATEMENT ON VOTING AGAINST SPENDING WALL STREET BAILOUT FUNDS

* *

Washington* D.C.* - Today, Congressman Paul Hodes released the following
statement announcing his vote against spending $75 billion from the Wall
Street bailout program:

*"From the beginning, I have been opposed to the Wall Street bailouts.  They
have been ill-conceived and mismanaged, and must immediately end.  It is
time to put a permanent end to the Wall Street bailouts, and I believe that
we must use these funds to pay down the national debt.  Today's plan, while
well intentioned, proposes spending the bailout funds - and I firmly believe
this money must be used to reduce the national debt. *

* *

*"Restoring the Granite State's economy is my single highest priority.
Creating good-paying jobs, strengthening our state's small businesses, and
helping those who are still suffering in this economy are goals which must
be achieved in a fiscally responsible way."*



birch, finch, beech

[ Parent ]
thanks (4.00 / 3)
I disagree with Paul Hodes position on this but find the reaction more than a bit overdrawn. I think the economy needs further stimulus (ie Krugman et al were right, the initial stimulus was too small) and that the bill today should be viewed as a job stimulus rather than a further wall street bailout. There are significant reasons why it makes sense to use the left over bailout money in this manner rather than attempt to pass a stand alone stimulus measure. So, in this case, his vote puzzles me although I presume we will get more information on how he sees this, and it may be that his reasoning is persuasive.

That said, this is one vote in a thousand, and it would be bizarre indeed if any representative voted the same way any of us want 100% of the time.

Hodes has a long and strong record of progressive votes in the House and this vote doesn't begin to change that.

"But, in the unlikely story that is America, there has never been anything false about hope." Si se puede. Yes we can.  


[ Parent ]
Votes in the House have consequences beyond the policies enacted (0.00 / 0)
In a political year, in which dafatecs became reality, I sense a palpable distatse for spending, that there is a real and meaningful change in the public's mind...if someone would speak honestly to that it would go like this..."sure the banks overlent, the government under-regulated and it all has to better regulated,...and in the predeeding 8 years President George W. Bush, abetted by a Republican controlled House and Senate spent like drunken sailors. That's how we got here."

There was a buyer for every subprime mortgage, many many of whom knew they had no chance of paying off unless the markets kept going up up up...which they never have done in history. Now we have to pay the piper...but the quicker we pay down our debts as a nation, the sooner we will have control over our destiny. Or we could continue to pawn it off on China.

Not in the shot


[ Parent ]
Job creation now (4.00 / 6)
Job creation now should be the basic Democratic platform in this election.  



"When you get to the end of your rope, tie a knot and hang on."  Franklin D. Roosevelt    


The specific issue (4.00 / 3)
I completely agree with your statement.

However, Hodes' vote is against the re-tooling of TARP money. This is consistent with his vote against TARP in the first place.

I think we should be careful of accidently implying that Hodes' is not on board with the theme of your statement above.

It seems he prefers not to employ TARP funds as one of the many options available.

www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
I agree with Senator Jeanne Shaheen :) (4.00 / 1)
Shaheen also rebutted the Sununu campaign's recent attacks on her fiscal record during her tenure as Governor of New Hampshire.

"When I was governor, I sent three balanced budgets to the legislature," she said.

She said that the incumbent senator was complicit in the Bush Administration's spending increases, which have resulted in the largest-ever federal budget deficit.

"We've got to start paying down that debt," Shaheen said.

Valley News
September 15, 2008


[ Parent ]
Ha! check the date. (0.00 / 0)
September 15, 2008.

Unemployment in August, 2008 had been 6.1%, which was a scary number.

What's it now, again?

Do you not believe that priorities should change according to circumstances?


[ Parent ]
7.6% when Bill Clinton was elected (4.00 / 1)
3.9% after two terms in office.  And he was also criticized for focusing on deficits during difficult economic times.

I don't pretend that this is an either/or choice.  I supported the President's stimulus package earlier this year because it made investments that were (and remain) critical to our long-term economic health.  So did Paul Hodes.  But, as Sen. Shaheen noted, reducing the budget deficit is important, especially in creating an economic climate that allows our social investments to bear fruit.  


[ Parent ]
Um, no, he wasn't. (0.00 / 0)
The Clinton years were not considered "difficult economic times." The markets were rising, productivity was increasing, wages were rising, unemployment - as your number shows - was declining.

That's the point of economic policy. You do one thing when the economy is weak, something else when it is strong.


[ Parent ]
I beg to differ (4.00 / 1)
When Bill Clinton passed his deficit reduction plan in the spring of 1993, our "economic recovery" was extremely weak.  To quote President Clinton on p. 461 of his autobiography:

"I decided the deficit hawks were right.  If we didn't get the deficit down substantially, interest rates would remain high, preventing a sustained, strong recovery."

There's a reason why wages rose, productivity increased, and unemployment declined throughout the Clinton Administration.  It didn't happened by accident.  Smart policy enabled balanced economic growth for working families.


[ Parent ]
Brazilian Exchange Rate (4.00 / 1)
My wife's Christmas present to her parents is trending downward.

I'm not drawing a straight line from debt to the value of the dollar, but there is more than just a tangential relationship.

www.KusterforCongress.com - www.paulhodesforsenate.com

www.nikitsongas.com - www.devalpatrick.com


[ Parent ]
I Agree With Kathy (0.00 / 0)
When that happens, you know we're both on to something really substantive.

When the do-whatever-it-takes-to-win wing is arm in arm with the more idealist wing, look out!

No'm Sayn?


[ Parent ]
I didn't realize.... (4.00 / 2)
That you called your wing the "do-whatever-it-takes-to-win wing"!  




"When you get to the end of your rope, tie a knot and hang on."  Franklin D. Roosevelt    


[ Parent ]
LOL! Thanks Kathy, a Good One (4.00 / 2)
Touche!

No'm Sayn?

[ Parent ]
Just a thought. . . (0.00 / 0)
Doesn't winning enable you to implement your ideals -- so that they can be used to better the lives of working families, and not just populate frustrated BH diaries?

That's how I see it, anyway. . . . Go Hodes!


[ Parent ]
so are we saying war is the answer? (4.00 / 1)
Granted I wasn't around when FDR was President, but isn't the CW that it was the entry of the US into WWII and not any of his public works programs that actually generated the job growth to bring the United States fully out of the depression?

Regardless, I think, as others have mentioned, that Hodes was against the TARP from the beginning and that he should be applauded for his consistency (a somewhat refreshing position in today's Washington politicians).  Its nice to see a principled vote these days.


No, that is not the "conventional wisdom." (4.00 / 1)
It is the revisionist history being promoted by right wing radio hosts, yes. The data - simply looking at economic numbers for each year - show that it is wrong.

[ Parent ]
Know Your History, Holden (0.00 / 0)
The  WPA and CCC programs were working very well, until congress got cowed by the big business interests and in 1937 they took down the New Deal.

It was the full tilt jobs creation aspect of the war that lifted us out of the depression!

No'm Sayn?


[ Parent ]
it's rather the case (0.00 / 0)
Roosevelt had to enact two recoveries, as President Clinton reminded us. When initial efforts failed, a second recovery plan was enacted in 1937. But the gearing up for War was what put America back to work, and created the economic might that recently petered out under G.W.Chowderhead.

Not in the shot

[ Parent ]
Why.... (4.00 / 1)
Why are you insulting chowder?



"When you get to the end of your rope, tie a knot and hang on."  Franklin D. Roosevelt    


[ Parent ]

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