The following interview is with Brad DeLong, an economist at the University of California-Berkeley. DeLong, who served as deputy assistant secretary of the Treasury for economic policy in the Clinton administration, who is one of the market-friendly, “neoliberal” Democrats who have dominated the party for the last 20 years. The term he uses for himself is “Rubin Democrat” — referring to followers of finance industry-friendly Clinton Treasury Secretary Robert Rubin.
www.vox.com/…
HIghlights……
Barack Obama rolls into office with Mitt Romney’s health care policy, with John McCain’s climate policy, with Bill Clinton’s tax policy, and George H.W. Bush’s foreign policy. He’s all these things not because the technocrats in his administration think they’re the best possible policies, but because David Axelrod and company say they poll well.
And Rahm Emanuel and company say we’ve got to build bridges to the Republicans. We’ve got to let Republicans amend cap and trade up the wazoo, we’ve got to let Republicans amend the Affordable Care Act up the wazoo before it comes up to a final vote, we’ve got to tread very lightly with finance on Dodd-Frank, we have to do a very premature pivot away from recession recovery to “entitlement reform.”
All of these with the idea that you would then collect a broad political coalition behind what is, indeed, Mitt Romney’s health care policy and John McCain’s climate policy and George H.W. Bush’s foreign policy.
And did George H.W. Bush, did Mitt Romney, did John McCain say a single good word about anything Barack Obama ever did over the course of eight solid years?
No, they fucking did not. No allegiance to truth on anything other than the belief that John Boehner, Paul Ryan, and Mitch McConnell are the leaders of the Republican Party, and since they’ve decided on scorched earth, we’re to back them to the hilt. So the politics were completely wrong, and we saw this starting back in the Clinton administration.
Today, there’s literally nobody on the right between those frantically accommodating Donald Trump, on the one hand, and us on the other. Except for our brave friends in exile from the Cato Institute now trying to build something in the ruins at the [centrist] Niskanen Center. There’s simply no political place for neoliberals to lead with good policies that make a concession to right-wing concerns.
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Our current bunch of leftists are wonderful people, as far as leftists in the past are concerned. They’re social democrats, they’re very strong believers in democracy. They’re very strong believers in fair distribution of wealth. They could use a little more education about what is likely to work and what is not. But they’re people who we’re very, very lucky to have on our side.
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The world appears to be more like what lefties thought it was than what I thought it was for the last 10 or 15 years.
The other part is that while I would like to be part of a political coalition in the cat seat, able to call for bids from the left and the right about who wants to be part of the governing coalition to actually get things done, that’s simply not possible as of now.
We shouldn’t pretend that it is, or that it’s going to be. We need to find ways to improve left-wing initiatives, rather than demand that they start from our basic position and do minor tweaks to make them more acceptable to their underlying position.
