EconoMonitor

Why We May Be in Store for a Passionless Presidential Race

Polls show Americans angrier and more polarized than at any time since the Vietnam War. That’s not surprising. We have the worst economy since the Great Recession and the worst politics in living memory. The rise of the regressive right over the last three decades has finally spurred a progressive reaction. Occupiers and others have had enough.

Yet paradoxically the presidential race that officially begins a few months from now is likely to be as passionless as they come.

President Obama will be supported by progressives and the Democratic base, but without enthusiasm. His notorious caves to Republicans and Wall Street — failing to put conditions on the Street’s bailout (such as demanding the Street help stranded home owners), or to resurrect Glass-Steagall, or include a public option in health care, or assert his constitutional responsibility to raise the debt limit, or protect Medicare and Social Security, or push for cap-and-trade, or close Guantanamo, or, in general, confront the regressive Republican nay-sayers and do-nothings with toughness rather than begin negotiations by giving them much of what they want — are not the stuff that stirs a passionate following.

Mitt Romney will surely be the Republican presidential candidate — and Romney inspires as little enthusiasm among Republicans as Obama does among Democrats. The GOP will support Romney because, frankly, he’s the only major Republican primary candidate who does not appear to the broader public to be nuts.

But Republicans don’t like Romney. His glib, self-serving, say-whatever-it-takes-to-win-the primaries approach strikes almost everyone as contrived and cynical. Moreover, Romney is the establishment personified — a pump-and-dump takeover financier, for crying out loud — at the very time the GOP (and much of the rest of the country) are becoming more anti-establishment by the day.

At this point neither the Republican right nor the mainstream media wants to admit the yawn-inducing truth that Mitt will be the GOP’s candidate. The right doesn’t want to admit it because it will be seen as a repudiation of the Tea Party. The media doesn’t want to because they’d prefer to sell newspapers and attract eyeballs.

The media are keeping the story of Rick Perry’s cringe-inducing implosion going for the same reason they’re keeping the story of Herman Cain’s equally painful decline going — because the public is forever fascinated by the gruesome sight of dying candidacies. With Bachmann, Perry, and Cain gone or disintegrating, the right wing-nuts of the GOP have only one hope left: Newt Gingrich. His star will rise briefly before he, too, is pilloried for the bizarre things he’s uttered in the past and for his equally bizarre private life. His fall will be equally sudden (although I don’t think Gingrich is capable of embarrassment).

And so we’ll be left with two presidential candidates who don’t inspire — at the very time in American history when Americans crave inspiration.

Instead of a big debate about the basics (how to truly restore jobs and wages, financial capitalism versus product capitalism, the place and role of America in the world, how to rescue our democracy), we’re likely to have a superficial debate over symbols (the budget deficit, the size of government, whether we need a “businessman” at the helm).

This means political passions are likely to move elsewhere — finding their voices in grass-roots movements, social media, demonstrations, boycotts, and meet-ups — on the Main Streets and in the backwaters, and only episodically in the mainstream media or in normal election-year events.

In some ways this may not be such a bad thing. The regressive right has had thirty years to build itself into a political power. Newly-energized progressives (Occupiers and others) need enough time to develop concrete proposals and strategies. What’s the rush? If polls are to be believed, most of the nation is progressive, not regressive (witness last Tuesday’s results in Wisconsin and elsewhere). So it is, after all, only a matter of time.

Yet viewed another way, a passionless presidential race may be dangerous for America. The nation’s problems may not wait. They require bold action, and soon.

This post originally appeared at Robert Reich’s Blog and is reproduced with permission.

9 Responses to “Why We May Be in Store for a Passionless Presidential Race”

eaandersNovember 13th, 2011 at 1:40 pm

The Occupy movement is failing. Comfortably esconced main street is sympathetic to it, but not willing to join it. Governments have deployed the police to roust people from the camps. It's proof that the government is owned by the one percent. Nothing short of a voter revolt and a tax revolt will change this picture, and too many people in the country are too comfortable to effect any change. The one percent and the comfortable have sacrificed the poor and the indigent. They now are sacrificing the unemployed. Soon they will be sacrificing the rest of the middle class. Until fifty percent of the people in the country are sacrificed to the one percent and the do nothing comfortable class, nothing will change.

RMFarhiNovember 13th, 2011 at 10:46 pm

How about Robert Reich as Democratic nomination for President of US?
"..but I suggest ways to pay for them so they would not increase the national debt. To the contrary, they are likely to produce a budget surplus. And because they would generate stronger and more sustainable growth than the policies we now have, they would shrink the debt as a proportion of the national economy in years to come. The costs of inaction are far greater. An economy functioning well below its capacity is a terrible waste of all our resources, especially of our people; a society riven by resentment is potentially unstable.."

Reich, Robert B. (2010-09-21). Aftershock: The Next Economy and America's Future (Vintage) (pp. 128-129). Vintage. Kindle Edition.

Sprinkle apkNovember 18th, 2011 at 9:20 am

An interesting communication is designer notice. I expect that you should compose writer on this matter, it power not be a prejudice subject but mostly people are not sufficiency to utter on such topics. To the next. Cheers like your EconoMonitor : EconoMonitor » Why We May Be in Store for a Passionless Presidential Race.

Android AppsNovember 19th, 2011 at 1:46 am

Magnificent goods from you, man. EconoMonitor : EconoMonitor » Why We May Be in Store for a Passionless Presidential Race I’ve understand your stuff previous to and you are just too great. I actually like what you have acquired here, certainly like what you are saying and the way in which you say it. You make it entertaining and you still care for to keep it smart. I can not wait to read much more from you. This is actually a great EconoMonitor : EconoMonitor » Why We May Be in Store for a Passionless Presidential Race informations.

abrutisdeNovember 24th, 2011 at 7:09 am

The foreign currency market has existed in the up to date form, termed as suspended replace velocity routine seeing as Celebration 1960 as well as the abandonment involving fixed exchange rates of values up against the dollars ordinary conclusion most typically associated with Bretton Wood in the mid 1940s.

mozillafirefoxNovember 24th, 2011 at 1:32 pm

Say. Unsecured credit card debt from a suspended money therefore can certainly depend basically to do with business imbalances, it simply will be afflicted with the main manipulate of supply and demand.

duke nukem apkNovember 24th, 2011 at 5:57 pm

Magnificent goods from you, man. EconoMonitor : EconoMonitor » Why We May Be in Store for a Passionless Presidential Race I have understand your stuff previous to and you are just extremely fantastic. I actually like what you’ve acquired here, certainly like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it smart. I can not wait to read much more from you. This is really a terrific EconoMonitor : EconoMonitor » Why We May Be in Store for a Passionless Presidential Race informations.

Most Read | Featured | Popular

Blogger Spotlight

Edward Hugh Don't Shoot the Messenger

Edward is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Edward is based in Barcelona, and is currently engaged in research on aging, longevity, fertility and migration, and the impact of all of these on economic growth. He is currently working on a book "Population, The Ultimate Non-renewable Resource?" He is a regular contributor to a number of economics weblogs, including India Economy Blog, A Fistful of Euros, Global Economy Matters and Demography Matters. He was, in fact, a founding member of all these weblogs. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe.

Economics Blog Aggregator

Our favorite economics blogs aggregated.