- By David RothkopfDavid Rothkopf is CEO and editor of the FP Group. His latest book, National Insecurity: American Leadership in an Age of Fear, was released in paperback earlier this year.
Earlier today I received the following email from an admirer:
You are a disgusting pig. I pray to God that you get brain cancer."
This was noteworthy on several levels. First, I don’t even know the person who sent this. Typically, I need to know someone for a while before they reach that kind of conclusion. Second, the recent economic shocks have not, as one might have hoped, sent a message to America that we are all in this together and it is time for a new civility in public discourse. Third, for sure I will never use my cell phone again without a hands free device.
My fan was responding to a quotation attributed to me that appeared in the New York Times. The article, by the dependably insightful Helene Cooper, was entitled "A Test for Obama’s View of a One-Term Presidency." It was an otherwise excellent piece which addressed Obama’s stated desire to be a good one-term president rather than a mediocre two-term president. Its point was that the current challenges faced by the United States may force him to choose between these two options because of the fearsome demands running for re-election is likely to make on his time and thus his ability to effectively lead the country through and out of the current, enduring, complex economic crisis.
Personally, as I have stated before, even the president’s most ardent supporters have to acknowledge the realities of a modern presidential campaign: He must work tirelessly to raise perhaps $1 billion and then spend essentially a year fending off attacks and implementing a complex, demanding strategy likely to be so taxing that it will be very, very difficult for him. Oh yeah and he also needs to give the rescue of the U.S. economy the attention it warrants. I’m a supporter of the president and I think he is a considerably better choice to hold the office than anyone who is a declared Republican candidate for president or who has been mentioned as a potential such candidate. In some extreme cases, the Republican candidates would have me shopping for real estate in New Zealand.
That said, the Times article due to the limits of space involved truncated one of my views in a way that I believe triggered the brain cancer greeting I received this morning. The story said:
Mr. Obama, Mr. Rothkopf argues, has to focus in the next 18 months on getting the economy back on track for the long haul, even if that means pushing for politically unpalatable budget cuts, including real – but hugely unpopular – reductions in Social Security, other entitlement programs and the military."
While everything in this statement is true with respect to my views, it is distorted because it refers to only part of what I said when I was interviewed. The question posed to me was, to paraphrase, "How does the president get a meaningful deal done and what would the deal look like?"
My response was that in order to address our twin crises— unemployment and the deficit — he would have to seek to produce significant, job-creating stimulus and in exchange for that, which will be resisted by the Republicans, do a serious budget deal. That serious deal in turn would have to involve painful concessions on entitlements by the president and the Democrats in order to win Republican concessions on increasing revenues and producing meaningful defense cuts. While such an approach sounds implausible, it is also the only way for America to get back on our feet.
Reasonable observers — and even angry, frustrated, hurlers of invective at strangers — will have to admit that regarding all the elements of such a grand bargain there are ways to approach the problem that could appeal to both sides, to reason and stay within the rules of arithmetic (the real kind you learned in elementary school, not the Washington variety). So, for example, you could produce a stimulus that made sense to fiscal conservatives by embracing and building up ideas like an infrastructure bank that would use limited federal funds leveraged up by major private investment to provide the urgently need renovation America’s transportation and IT networks require. It’s an idea that is supported by both the AFL-CIO and the U.S. Chamber of Commerce, and by Sens. John Kerry and Kay Bailey Hutchison. You could also move investment spending onto a capital budget thus forcing the Congress to treat money that is likely to bring a return differently from that which is going straight out the window … as companies already do.
On the budget deal, any superficial consideration of our debt problems has to acknowledge that the current structure of our entitlement programs is unsustainable. Further, proposals like raising the retirement age or reducing benefits for rich people who don’t need them or creating more competition and fairer pricing, make sense in any case. Personally, just so you know where I am coming from, I believe the only way we will get there is some kind of new, national single-payer plan that encourages competition … see, for example, how they handle this in Switzerland. But since that’s not going to happen soon, we should consider some of these other basic steps. And one reason we need to is in order to pry loose more revenue. We’re going to have to accept a value-added tax (VAT) and/or a carbon tax very soon. We can trade some of those revenues for tax reform that the Republicans want, especially for a corporate tax code simplification that will help attract needed foreign investment to the United States. Should the Bush tax cuts be allowed to expire? Of course. Urgently. It was a mistake to extend them. It was a mistake to implement them in the first place. And America needs to get over the idea that we need to spend more than every other country in the world on defense added up in order to be secure. Want a place to start there? Let’s get the heck out of Afghanistan and Iraq ASAP.
The point is, my quote in the Times offered only a shard of my views, and one that might understandably offend when taken out of context. That said, when put into context, I am sure there is something in my views to offend everyone. Going forward we need to look for that. If everyone is howling, then we are probably doing something right.