A very thought-provoking piece from Steve Frank, picked up by a poster on the Dewey discussion group. He is responding to Obama’s rehetoric, recycled from the Progressive era a century ago when muck-raking and economically illiterate commentators managed to generate a reaction against the “Robber Barons” of the Gilded Age. The commentators did not make the essential distinction between market entrepreneurs who make their money by selling stuff that people want to buy (Gates, Apple) and political entrepreneurs who make their money from political connections and favoritism.
Teddy Roosevelt in 1910 delivered one of the most influential political speeches in American history, the one in which he announced his stand for a “square deal” for the common man and reaffirmed his belief in the responsibility of government to deal with social problems.
“When I say that I am for the square deal,” Roosevelt said, “I mean not merely that I stand for fair play under the present rules of the game but that I stand for having those rules changed so as to work for a more substantial equality of opportunity.”
So when Obama told the nation, “We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules,” I heard the echo of earlier times.
But Frank points out that Obama is being very selective about the issues that he picks up from TR. In the same speech TR went on…
Our government, national and state, must be freed from the sinister influence or control of special interests. . .. We must drive the special interest out of politics. That is one of our tasks today.
I think that Frank would like to see that fed into Obama’s autocue. The point is that the outcome of the push for TR’s square deal and more involvement from the government is the way we are at present. However on a second reading, Frank’s piece contains mixed messages. He wants a debate that addresses the real issues but he seems to have a foot in the camp of the people who want the high flyers to pay more tax. That is a worry. I thought he was a fan of the Tea Pa;rty. So we have to re-run the debate from the Progressive era and make the distinction between the two types of entrepreneurs.
Frank seems to be impressed by the rhetoric about Buffet paying less tax than his secretaries. But who created the jobs of the secretaries and all the other people who Buffet employs. What if we credit him with the tax that they pay?
I should have said this before I left town for the day. I meant to give MORAL credit for the tax paid as a result of the jobs that he created. I thought anyone with a three digit IQ would have read it that way. Thanks to the Montster for screwing up the thread.
