Freedom, Yeah!

“America’s vital interests and our deepest beliefs are now one.” Really? Well, dang, that was easy. But who’s going to break the news to China, Russia, and the Saudis, for starters? As per many of Michael Gerson’s Big-Moment speeches, Dubya’s Second Inaugural was a well-crafted piece of prose with some nice rhetorical flourishes and an eye to history. But, stylistic flair aside, Dubya might as well have been declaring himself the President of Mars, for all the grounding this speech had in contemporary reality.

“The best hope for peace in our world is the expansion of freedom in all the world.” Freedom…I can dig it. Reminds me of the end of Braveheart. But, as Slate‘s Fred Kaplan already aptly questioned, “What is this thing called ‘freedom’?…Does ‘freedom’ always mean a Western-style, or pro-American, democracy? Whatever freedom is, how do we go about spreading it?” And, for that matter, isn’t this the guy who once told us there “ought to be limits to freedom?”

I know we shouldn’t expect nuance from this president, but today’s speech was even worse than usual (as well as being somewhat distasteful, given the very real problems with “freedom” Iraq is facing right now.) The only things I learned from Dubya’s speech are that freedom rains down like a benediction (in fact, exactly like a benediction) on the peoples of the world, and, whatsmore, that evildoers hate them some freedom. And that was about it. Seriously, he sounded like he was kicking off that goofy rave in the second Matrix.

On the domestic side, I was somewhat surprised that Bush didn’t push the Ownership Society meme a little harder — he only mentioned it once — but I guess that’ll probably get more run in the upcoming State of the Union. (Perhaps he didn’t want anyone reminded of Colin Powell’s “You Break it, You Own it” Pottery Barn rule when they were supposed to be drinking in the sweet, sweet freedom.) That being said, Bush did manage to squeeze in some Grade-A chum for the pro-lifers — “always remember that even the unwanted have worth” — which he then half-heartedly tried to mask with a plea to end racism. (Freedom, yeah! Bigotry, no! Serenity now! I think I got it.)

All in all, the inaugural wasn’t an embarrassing speech as delivered — Gerson’s too good at his job for that. But, like too much in this administration, it was all style and no substance, offering false simplicity and sanctimony in the place of good ideas or hard-won truths. In short, it was just like Dubya.

The Other Shoe Drops.

Surprise, surprise. “The Bush administration has signaled that it will propose changing the formula that sets initial Social Security benefit levels, cutting promised benefits by nearly a third in the coming decades, according to several Republicans close to the White House.” Administration officials claim the deficit caused by this “price-indexing” change — pegging first-year benefits to inflation rather than the rise in wages — will be made up by, you guessed it, “personal investment accounts,” a.k.a. the Bush privatization plan. Funny how Dubya neglected to mention this cut only a few weeks ago…I doubt the plan was formulated over Christmas.

Preying on (Social) Insecurity.

Dubya starts the hard sell on his plan for privatizing Social Security, claiming such a move will reassure financial markets. “Mr. Bush never mentioned the near certainty that without raising taxes, which he has ruled out, any plan to add personal investment accounts to Social Security and improve its financial condition would include a reduction in the guaranteed retirement benefit.” Hmmm…that doesn’t sound very reassuring.

Careful what you wish for.

“Intent on using his capital to secure his place in history, Bush may finally pass a right-wing social agenda, an entitlement reform agenda and a neoconservative foreign policy…And by enacting his program, Bush may dash conservatives’ hopes for a lasting Republican majority.” With trouble already brewing among House conservatives, Columbia PhD, former FCC colleague, and Gipper scholar Matthew Dallek contrasts Dubya’s governance with that of Reagan, and finds the former wanting, to say the least.

The Teddy Bears’ Picnic.

By way of Follow Me Here, the chief economist at Morgan Stanley warns private audiences that, in his opinion, the US is headed for economic “Armageddon.” “In a nutshell, Roach’s argument is that America’s record trade deficit means the dollar will keep falling. To keep foreigners buying T-bills and prevent a resulting rise in inflation, Federal Reserve Chairman Alan Greenspan will be forced to raise interest rates further and faster than he wants. The result: U.S. consumers, who are in debt up to their eyeballs, will get pounded.”

Hope it’s a Capital One.

Faced with the grim morning-after receipts of Dubya’s feckless splurging and deficit-exploding tax cuts, the Senate is forced raise the debt limit by $800 billion (again) to stop the government from going into default. “Though an increase in the debt ceiling was never in doubt, Republican leaders in both houses of Congress postponed action on it last month, until after the elections, to deprive Democrats of a chance to accuse them of fiscal irresponsibility.”

Faith-based Currency.

The dollar tanking? No problemo for this administration, who see a weak dollar as key to offsetting our ballooning trade deficits. “The unsettling worry, however, is what could happen if foreigners suddenly lost interest in holding dollar-denominated investments. The outward rush from U.S. stock and bond markets could send stock prices crashing and interest rates soaring.” Well, at least my college loan debt isn’t in Euros.

Chimp Nation.

Hope is on the…wait, what’s this? Oops, sorry about that. Turns out Hope took a wrong turn and got lost somewhere back there in Idiotville. Welcome to Despairtown, baby.

So, that’s that, then…the Idiot Wind blows anew. The American electorate has spoken and — despite all the shadiness and incompetence of the past four years — has given Dubya and his cronies the imprimatur to go hog-wild. 51-48%…this is pretty much a mandate, folks. (Big of those Red Staters to ensure that we will be woefully unprepared for the next terrorist attack on a Blue State.) Y’know, H.L. Mencken‘s whole Tyranny of the Booboisie schtick has always grated on my lefty sensibilities, but at this point I have to admit he may have been on to something.

Ugh. I’m too young to remember 1984 very well, but I’m curious as to how last night and this morning compared for America’s Left. (I’ve since been reminded by several people I trust that 1968 and 1972 were much more grievous blows.) Thing is, 2004 started out with such promise over here. But, right around the time I ended up on crutches in May, events personal and political took a nasty turn, and the past few months have been some of the most dismal I can remember. Now, it seems, I may just look back on this time as relatively calm and worry-free.

But, ok, enough wallowing…let’s start taking it frame-by-frame. Given the war, the economy, and Dubya’s obvious incompetence, how on Earth did we lose this election? Well, give credit where credit is due…all this exit-talk of “moral values” proves that Karl Rove pulled off his gambit: He got the extra 4 million evangelical votes he was targeting, partly, it seems, by judiciously invoking rampant anti-gay hysteria. Yet, for some reason or another — a lousy ground game, perhaps? — the Dems inexplicably didn’t counter with extra votes of our own.

Where do we go from here? The Dems are facing an ugly Rule of Four…We lost four seats in the Senate, at least four seats in the House, and likely four seats in the Supreme Court. Whatsmore, we now appear officially dead in the water in the South and Midwest. And, with Kerry and Daschle gone, our standard-bearers now appear to be Hillary Clinton (about whom the country has already made up its mind), John Edwards (whom I still admire, but he couldn’t carry his home state), and Barack Obama (who’s probably too inexperienced to make much headway in 2008.)

Obviously, it’s now well past time for the serious party overhaul we should’ve began last cycle, when Al Gore had an election stolen from him that he should have won hands down. Daschle & Gephardt are already in the dustbin of history, and Terry McAuliffe should probably follow them there. I for one don’t think Howard Dean was or is the answer, but he’s one of the only people injecting new blood and enthusiasm into the party right now, so he should have a seat at the table. Right now, I think Edwardsian populism is our strongest ideological card, but as I said, it didn’t seem to make much headway last night.

Silver lining? Yeah, right. Well, as this Washington Monthly forum noted in September, second terms are notoriously scandal-prone (Watergate, Iran-Contra, Monica), partly out of press boredom, and Dubya’s ilk seem particularly scandal-worthy…perhaps we’ll finally hear a little more about Halliburton. I’m sure there’ll be no shortage of horrifying policy decisions emanating from this administration that’ll keep lefty blogs like this one in business. And, on a purely selfish note, my likely dissertation topic on the fortunes of progressivism in the twenties is now seeming much more sexy in the wake of last night’s 1928-like cultural divide. Of course, none of these are really any consolation at all.

At any rate, I generally believe that America tends to get the president it deserves. So, God help us, we’ve brought this upon ourselves. And now, for we 48%, the hard work begins…we have to lick our wounds, get our act together, and figure out how we can best combat the rightward drift that’s afflicting our nation. Alas, I fear Dubya will do much of the heavy lifting for us, by running the nation further into the ground over the next four years. Still, we gotta keep on keeping on, y’all. I do not believe this darkness will endure.

Those Pesky Facts.

By way of Looka and The Nation, 100 Facts and 1 Opinion: The Non-Arguable Case Against the Bush Administration. If you know any undecideds out there, this might be a good one to share.

Beg, Borrow, and Steal.

“Less than a day after President Bush implied that Senator John Kerry lacked ‘fiscal sanity,’ the Bush administration said on Thursday that the federal government had hit the debt ceiling set by Congress [for the fourth time in three years] and would have to borrow from the civil service retirement system until after the elections.” As this article goes on to note, the Congressional GOP kicked the vote on this matter until after Election Day, so Dubya wouldn’t get any bad press. Under this president, the national debt has increased 40%, to $7.4 trillion.