The Obama administration just had its best week ever, even better than the inaugural. Consider:
1. The Affordable Care Act (ACA) is law. Not only that, in a bit of a stunning reversal, the context of its enactment may have helped the Democratic party and hurt the GOP. With "deem and pass" and faux-drama about Senate reconciliation rules, a week ago it looked like the Republicans were creating a winning issue about legislative process on the way down and riling up their base while doing so. That was always stunningly hypocritical given their own use of those exact same procedures, but that didn't mean it lacked political bite. Then
Pelosi called an audible and the Democrats ditched "deem and pass," deftly handled the abortion issue (Mark Shields correctly points out that no male Speaker of the House would have had the credibility to pull that off), and it passed. The night of its passage, GOP members of the House described it as "totalitarian" and that it would lead to an "apocalypse." Anti-abortion stalwart Bart Stupak (D-MI) was called "baby killer!" from the gallery.
Some ugly behavior by right-wing protesters has shamed their cause. Before the vote, a man with Parkinson's disease demonstrating in favor of the bill in Columbus, OH, was mocked as "looking for a handout" by, among other insults, having people stand over him and throw dollar bills on his crippled body (
one of those has since apologized). In DC, some wingnuts really came off the screw and called members of Congress "N_____" and "F__" as the walked past their rally at the Capitol. Other miscreants have vandalized lawmakers' offices in various cities around the country.
Back inside the capital, Republican Senators offered a series of frivolous amendments to the 2nd "fix-it" bill that came over from the House and Harry Reid kept the Senate in session until 2:30 a.m.!!! Harry, I didn't know you had it in you. The GOP folded the next day, realizing the political theater wasn't going like they had planned. They did rile up their base, but that in turn riled up the Democratic base. It also unified the Democrats in the Congress, who are set to bring up legislation on financial reform (which will be very popular), changing "No Child Left Behind" and immigration. In each case, if the GOP derails the bill, the Democrats have a winning issue, although I'm less sure about how immigration reform will play in a bad economy. It is entirely possible that 2 or 3 more major reform laws will be enacted this year. How's that hopey-changey thing goin for ya?
That in and of itself would be best week ever. But ALSO
2.
A major nuclear arms treaty with Russia was finalized. Did Obama just earn that Peace Prize? It is said that Henry Kissinger and George Shultz (2 former GOP Secretaries of State from the Cold War) support this treaty, which will really help as Obama needs 67 votes to ratify it in the Senate. I think the treaty is in our interests and I hope this doesn't get overly political, but if it does, I think it will drive establishment Republicans out into open revolt against the neocons. I think Obama needs to sit down with both George Bushes on this one, because a unanimous group of ex-Presidents can defeat the militarists, even in the Senate. Should be interesting.
3. The student loan reform package is law (bundled onto the ACA).
Liberal policy wonks are happy about this. This creates more money for Pell Grants while removing a moral hazard by nixing a bank subsidy. There is probably not much change from a student point of view insofar as the loans themselves are concerned: the costs derive from the credit market and the administration of the loans (the bureaucracy part) is being outsourced back to the existing banks as service providers, which lessens the impact on the existing job structure for them but means you'll be dealing with the same people on the same terms, more or less.
4. The final results of the recent election in Iraq are in and this election was encouraging. Yes, the results are being contested as the the apparent winner (with a plurality) was a surprise, turning out to be a secular Sunni party headed by Allawi, who served in a previous Iraqi administration born from the American occupation. Back then, the country was riven with sectarian conflicts between Shia, Sunni, and Kurd that led to a brief civil war. Now, several leading political parties are emphasizing Iraqi nationalism and they are being rewarded with election victories. This is good for the US because it seems that the Iraqis are making peace with each other, because they want US military forces to leave (and we want to come home), and because they are generally secular in orientation and opposed to al-Qaeda. Now, if al-Malaki doesn't concede eventually then it is a big mess, and even when he does, Allawi doesn't have a majority and will need to put together a coalition government. Nonetheless, with every passing election, democracy in Iraq becomes more normalized and more legitimate.
If it holds, it also means that Bush was right to proceed with "the surge" when plenty of people (myself including) were willing to throw in the towel and let the place burn. If it holds, it will also free up military assets for the Afghanistan theater, which is also heading in the right direction. This is the first time in a long time that both those conflicts are improving at the same time.
The news from the rest of the world is mixed. Relations with Israel are frosty as the balance of power within Israel has tilted to the religious right-wing, but apparently Obama
holds a Seder.
The
New York Times and
Washington Post have published pieces that directly challenge the moral authority of the Pope. The revelations about child abuse in Germany and Ireland were alarming enough, but the story about the deaf boys from Wisconsin actually made me cry.
I believe that justice doesn't just happen when you die. There should be justice on earth, and this criminal pervert is just unforgivable. And it wasn't just the church hierarchy that failed to act in this shocking case. Civil authorities failed miserably in their duties, too.
As much as I criticize the state of journalism, American newspapers have played a part in bringing truth to power here.
The Boston Globe broke the story in Massachusetts in 2002. Since then, it has spread all over the world. This is a very sad situation, and I believe the church will come to regret its recent defensiveness. Blaming the liberal media isn't going to cut it.
It's been a big news week. Buried in all this was news that the
Social Security trust fund has hit the tipping point 6 years ahead of expectations and that the United States is going to start selling off some major assets acquired as part of a prior bailout, notably Citigroup. The Fed made a point of confirming their commitment to a low Fed Funds rate, which makes me think this asset sale more about properly re-privatizing these firms for the sake of doing so and for the revenue it will raise than as a shift in monetary policy.
But another piece of news was that a recent original auction for Government Bonds didn't sell well -- the bond market may well tire of US debt and extract a higher premium.
Bow down to the bond market, slaves.