While it is still fashionable for politicians in both China and the United States to prove their domestic leadership credentials by taking tough stances against their nation’s chief economic rival, the results of recent Pew surveys conducted in the two countries suggest that this type of rhetoric is a holdover from an earlier era. An examination of the beliefs among the youngest generational cohorts in each country shows a distinct lack of the ideological vitriol so common in the 1960s and 1970s. read more »
With their enthusiastic backing of President Obama and the Democratic Party on Election Day, the bluest parts of America may have embraced a program utterly at odds with their economic self-interest. The almost uniform support of blue states’ congressional representatives for the administration’s campaign for tax “fairness” represents a kind of bizarre economic suicide pact. read more »
For a century now, Republicans have confused being the party of plutocrats with being the party of prosperity. Thus Mitt Romney.
To win back the so-called 47 percent—an insulting description Romney doubled down after the election when he blamed his loss on Obama’s “gifts”—Republican might look farther back, past Calvin Coolidge and Herbert Hoover to their first president, Abraham Lincoln. read more »
Conservatives of the paranoid stripe flocked to the documentary “America: 2016” during the run up to the election, but you don’t have to time travel to catch a vision of President Obama’s plans for the future. It’s playing already in California. read more »
Looking at Tuesday’s election results, it’s clear the United States has morphed into five distinct political nations. This marks a sharp consolidation of the nine cultural and economic regions that sociologist Joel Garreau laid out 30 years ago in his landmark book “The Nine Nations of North America.”
In political terms there are two solid blue nations, perched on opposite coasts, that have formed a large and powerful bloc. Opposing them are two almost equally red countries, which include the historic Confederacy as well as the vast open reaches between the Texas panhandle and the Canadian border. read more »
Who lost the most in economic terms Tuesday? Certainly energy companies now face a potentially implacable foe — and a re-energized, increasingly hostile bureaucratic apparat. But it’s not them. Nor was it the rhetorically savaged plutocrats who in reality have been nurtured so well by the President’s economic tag team of Ben Bernanke and Tim Geithner. read more »
President Obama’s re-election does not, as some conservatives suggest, represent a triumph of socialism. Instead, it marks the massive endorsement of an expanding crony capitalism that ultimately could reshape the already troubled American economic system beyond recognition. read more »
President Obama, the man many saw as curing the country’s “scar of race,” won a second term in the most racially polarized election in decades. Overall, the Romney campaign relied almost entirely on white voters, particularly in the South and among the working class. Exit polls showed that almost 60 percent of whites voted for Romney. read more »
President Obama won re-election primarily because he did so well with two key, and expanding, constituencies: Hispanics and members of the Millennial Generation. Throughout the campaign, Democratic pundits pointed to these two groups as being the key difference makers. They were right.
Let’s start with Hispanics, arguably the biggest deciders in this election. Exit polling shows Obama winning this group — which gave up to two-fifths of their vote to George Bush — by over two to one. In 2008, Obama improved his winning margin with Latino voters from 67% in 2008 to 69% in 2012. And for the first time they represented 10% of the overall electorate. read more »