Near the beginning, Obama showed exceptionally good
understanding of what has happened over the past 65 years, saying that in the
postwar decades (the Winning by Default Years), “whether you owned a company,
swept its floors, or worked anywhere in between, this country offered you a
basic bargain – a sense that your hard work would be rewarded with fair wages
and benefits, the chance to buy a home [and] to save for retirement.” After that (after Work’s New Age started in
1973), “that bargain began to fray.
Technology made some jobs obsolete.
Global competition sent others overseas… The link between higher
productivity and people’s wages and salaries was severed.” He deftly captured what happened around 2000
by saying “Towards the end of those three decades, a housing bubble, credit
cards, and a churning financial sector kept the economy artificially juiced up,”
and did the same for the time at the end of that decade, by when “the bubble
had burst, costing millions of Americans their jobs, their homes, and their
savings.” As good a summary on these
years I have never seen from a politician.
Unfortunately, the speech went downhill from there.
At three points, Obama mentioned exclusive, overriding, or
number-one priorities: reducing
inequality, better conditions for the middle class, and “to make this country
work for working Americans again.” Solid
words, but his ideas on how he would accomplish those things were lacking. Once again he overreached on manufacturing,
wishing openly for “rebuilding our manufacturing base,” and, though properly
wanting to encourage more companies to make things in this country, he seemed
to expect that sector to become more broad-based than it realistically
can. He talked for a long time about
better education, probably the worst red herring in the jobs crisis as nobody
can train or educate Americans to work for the benefit-inclusive $400 to $500
per month Indian call center workers are getting, and made a statement, “In an
age when jobs know no borders, companies will also seek out the country that
boasts the most talented citizens, and reward them with good pay,” which is therefore
demonstrably false. As is in his
previous efforts, Obama seemed to yearn for what might be called old-time
prosperity, imagining romantic scenes such as “the joy of etching a child’s
height into the door of their brand new home.”
Barack Obama is a politician, and speaks accordingly. Images such as the last are designed to
appeal emotionally, and they often work.
However, the day when almost all Americans should own a house of their
own has passed. We may have services and
capabilities, such as Facebook and free or nearly-free long distance calling,
that connect us far better than before, but most of us will simply not be able
to afford to buy “homes.” Holding that up
as the norm is ultimately destructive, and as I wrote two weeks ago Americans
need to reduce, not increase, their expectations. He also praised himself by saying that in the
past 40 months there had been 7.2 million new business jobs, without mentioning
that his selected timeframe began after the bottom point of a recession, that
government had lost jobs during that time, or that population increase had absorbed
about 5 million of them. Not dishonest,
but incomplete, and although Obama may be swayed by his career choice to say
such things, we do not need to believe them.
The speech did have its constructive ideas. His third major jobs solution, after more manufacturing
and more education, was a national infrastructure building and repair
initiative. I see such a plan as almost
certain to start over the next ten years, as conservatives won’t stand forever
for seeing their country fall apart, liberals will see the jobs program as a
logical way of helping the unemployed, and business people will know the labor
and materials will never be cheaper than they are now. The effort would not need to be limited to
construction-related work, as millions of people are able and willing to take
on social service and community service jobs which simply don’t exist now. He also mentioned the idea of universities finding
ways of shortening degree programs, something worthy of serious attention.
Good ideas or not, though, these speeches will not be enough
by themselves. As Washington Post columnist Dana Milbank put it, this effort was “roughly
the 10th time the White House has made such a pivot to refocus on
jobs and growth.” Indeed, just last week
Obama was discussing racism. The speech
contained some fine challenges to uncooperative Republicans, but that wasn’t
the first time for those either.
Near the end of the Galesburg effort, Obama said “we have
made it through the worst of yesterday’s winds.” That is not true. We are four years past the end of the last
recession, and there is no reason why we will not have another one, which could
be at least as severe. Yesterday’s Dallas Morning News editorial made three
crucial points. First, we need more new
jobs than we have been getting. Second,
Obama needs to “get his hands dirty in the legislative trenches” by working intensely
and directly with individual Congressmen, especially Republicans. Third, speeches in themselves, without strong
follow-up action, are not leadership.
One of Obama’s remaining economic talks will be on
jobs. I am glad to hear that, and am
optimistic about what he will say. But,
no matter how effective, eloquent, and technically superb it turns out to be, more
than the speech itself must happen.