The Liberals' Question: Is 2008 like 1980 or 1952? | Newsweek Politics

Here We Go Again—Maybe

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Disunity: Liberals were a mess by 1980. The tensions among Democrats were evident when Ted Kennedy challenged Carter in the 1980 primaries and did quite well. The rift between them was never healed. The struggle between Carter and Kennedy reflected a fractious party composed of Western suburbanites, big-city machine politicians, Southern rural voters and more. Without any unifying themes in foreign or domestic policy, disorder reigned.

Bush will find common ground reading about Carter's experience. The divisions in the Republican Party are now front and center. Fiscal conservatives rail against big-government spending. Neoconservatives and realists are at loggerheads about nation building and military intervention. Social conservatives believe that their party is ignoring them.

Discredited policies: The fourth devastating challenge to liberals in the 1970s was that their major policy ideas had been discredited. The failure in Vietnam persuaded many Americans to question the strategy of containment in the cold war. The combination of stagnation and inflation raised doubts about Keynesian economics, which argued that these two conditions could not coexist and that the government, by manipulating taxing and spending, could restore growth.

In 2008, conservatives find themselves in the same position. Although the surge has helped calm conditions in Iraq, the lack of an exit strategy and continued threats in states such as Afghanistan and Pakistan have created doubts about whether the Bush doctrine is an adequate response to the threat of terrorism. The huge downturn in the financial and housing markets has also undermined the longstanding conservative promise that tax cuts and deregulation are sufficient to creating stable economic conditions. Recent polls showing that, as a result of the financial crisis, Obama could win a large majority in the Electoral College and Democrats might obtain a filibuster-proof Senate make this election feel more and more like 1980—this time with liberals on the winning end.

Zelizer is a professor of history and public affairs at Princeton University’s Woodrow Wilson School. He is the coeditor of “Rightward Bound: Making America Conservative in the 1970s” and is completing a book on the history of national-security politics since World War II, to be published by Basic Books.

Posted By: Nowforthetruth @ 10/23/2008 8:17:29 PM

Obama in this video, addressing his work with ACORN litigation relating to the community reinvestment act and the failure of Freddie Mac and Fannie Mae, as they relate to the current real estate and financial crisis, states that, and I quote:

"Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."

He further states:

"The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."

Listen for yourself. You cannot dispute the mans on words recorded live:

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Obama in this second video is campaigning at a convention of Acorn and I believe two other "Community Activist" organizations. Ask if he will be their ally if he becomes President, Obama says, quote:

"Yes, but let me say that before I even get inaugurated, during the transition we are going to be calling all of you in to help us shape the agenda. We're going to be having meetings all across the country with community organizations so that you have input into the agenda for the next presidency of the United States of America."

See and hear it for yourself. Obama promised that Acorn and other groups like it will setting his agenda if elected:

http://www.youtube.com/watch?v=8vJcVgJhNaU
See also: http://www.newsweek.com/id/164972
Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been."
See also:
http://boards.msn.com/MSNBCboards/thread.aspx?threadid=808692&boardsparam=Page%3d2

Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.

http://www.youtube.com/watch?v=_MGT_cSi7Rs
See also
http://www.newsweek.com/id/164732 from this web site. (oops!) stating that Freddie Mac was spending tax payer money to target Republicans in 2005 who were trying to regulate Fannie and Freddies fraud. Democrats were not targeted, as the were all in the tank with Fannie and Freddie to kill the regulations. Hear that, the article admits that Republicans were trying to regulate Freddie and Fannie, and Democrats were trying to stop it from happening as a means to facilitate the Community Reinvestment Act.

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Posted By: Nowforthetruth @ 10/23/2008 8:17:29 PM

Obama in this video, addressing his work with ACORN litigation relating to the community reinvestment act and the failure of Freddie Mac and Fannie Mae, as they relate to the current real estate and financial crisis, states that, and I quote:

"Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."

He further states:

"The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."

Listen for yourself. You cannot dispute the mans on words recorded live:

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Obama in this second video is campaigning at a convention of Acorn and I believe two other "Community Activist" organizations. Ask if he will be their ally if he becomes President, Obama says, quote:

"Yes, but let me say that before I even get inaugurated, during the transition we are going to be calling all of you in to help us shape the agenda. We're going to be having meetings all across the country with community organizations so that you have input into the agenda for the next presidency of the United States of America."

See and hear it for yourself. Obama promised that Acorn and other groups like it will setting his agenda if elected:

http://www.youtube.com/watch?v=8vJcVgJhNaU
See also: http://www.newsweek.com/id/164972
Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been."
See also:
http://boards.msn.com/MSNBCboards/thread.aspx?threadid=808692&boardsparam=Page%3d2

Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.

http://www.youtube.com/watch?v=_MGT_cSi7Rs
See also
http://www.newsweek.com/id/164732 from this web site. (oops!) stating that Freddie Mac was spending tax payer money to target Republicans in 2005 who were trying to regulate Fannie and Freddies fraud. Democrats were not targeted, as the were all in the tank with Fannie and Freddie to kill the regulations. Hear that, the article admits that Republicans were trying to regulate Freddie and Fannie, and Democrats were trying to stop it from happening as a means to facilitate the Community Reinvestment Act.
Posted By: krohn2 @ 10/22/2008 5:03:24 PM

FactCheck.Org is owned by the Annenberg group of Chicago! Talk about a conflict of interest! And Obama has been telling people on the trail to check out the site to verify his opponents claims. Funny, every time that he endorsed something, it turns out to be a part of his spin machine! Like he raised objections in the primaries when Indiana required photo I.D. to vote. He Protested that It took away people's right to vote! I
knew then and there that he was up to no good! America, wake up from the MASS HYPNOSIS!
http://www.youtube.com/watch?v=pWTs1YyhFRg&feature=related
Posted By: Nowforthetruth @ 10/21/2008 10:54:46 PM

See: http://www.newsweek.com/id/164972
Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been."