Progressives Recoil At Reported Debt Ceiling Deal

Progressive groups are speaking out against the debt ceiling deal currently being hashed out in Washington. The response from two of the nation's largest organizations goes essentially like this: really?!?

Progressives are more than a little upset that the deal does not include taxing the rich, a line in the sand Pres. Obama drew early on.

They're casting the deal outlined on the Sunday morning talk shows as a huge win for Republicans -- and (yet another) agonizing defeat for the middle class.

"Seeing a Democratic president take taxing the rich off the table and instead push a deal that will lead to Social Security, Medicare, and Medicaid benefit cuts is like entering a bizarre parallel universe," said Stephanie Talyor, a co-founder of the Progressive Change Campaign Committee. "One with horrific consequences for middle-class families."

In cutting a deal with Congressional Republicans that places Democratic legacy programs—Social Security, Medicare and Medicaid—at risk while cutting essential programs for working families, Obama and Democratic leaders in the Senate have moved to the right of the American people and opened Democrats running in 2012 to counter Republican messaging that it was Democrats who cut Social Security, Medicare and Medicaid and essential programs for working families. [That strategy worked for Republicans in 2010 and they are counting on that strategy to work again in 2012.]

Krugman: The President Surrenders

By PAUL KRUGMAN Published: July 31, 2011 NYTimes

A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.

For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.

It is, of course, a political catastrophe for Democrats, who just a few weeks ago seemed to have Republicans on the run over their plan to dismantle Medicare; now Mr. Obama has thrown all that away. And the damage isn’t over: there will be more choke points where Republicans can threaten to create a crisis unless the president surrenders, and they can now act with the confident expectation that he will.

In the long run, however, Democrats won’t be the only losers. What Republicans have just gotten away with calls our whole system of government into question. After all, how can American democracy work if whichever party is most prepared to be ruthless, to threaten the nation’s economic security, gets to dictate policy? And the answer is, maybe it can’t.

more @ The NYTimes

Mainstream Media Conservative Bias

Yesterday, an American Dream Movement rally, demanding a debt deal that “protects seniors and makes corporations and the rich pay [their] fair share,” drew a significantly larger crowd than a Tea Party rally a day earlier.

Both were held on Capitol Hill, both focused on the same ginned-up debt ceiling “crisis,” but you’d be hard-pressed to find the Beltway media noting the difference in crowd size—or even reporting on the progressive rally at all.

Wednesday’s conservative rally, organized by the Tea Party Express, was a bust: only about fifty people showed up...

In contrast, Thursday’s American Dream rally—organized by MoveOn, Rebuild the Dream, AFSCME and AFGE, and featuring speakers like Van Jones and Representatives Keith Ellison and Jan Schakowsky—clocked in an estimated 450–500 people. Neither Politico or CNN mention the progressive American Dream rally.

In fact CNN talked up the Tea Party rally both the day before it took place and afterward—when it spun the measly crowd (and its own pre-event notice) by writing: “Don't be fooled by the tiny turnout at the Tea Party rally on Capitol Hill Wednesday. The conservative movement doesn't much need rallies anymore. November 2010 changed all of that.”

Read the full story in The Nation.

Related:

• The Democratic Strategist: Krugman's Smackdown of Mainstream Media Groveling to GOP 'Extortion'