What Have You Done for Me Lately?
One of the loudest complaints about the Democratic-controlled congress is that it has done little for and is out of touch with ordinary Americans, particularly during these trying economic times. The facts suggest otherwise.
First, congress passed and President Obama signed the much maligned but nevertheless effective stimulus bill that provided a much needed fiscal boost to the economy at a critical time in the form of aid to states, tax cuts, unemployment payments, funding for green energy and other worthy projects. The bill was, alas, oversold by the Obama administration but there is no question that it saved between one and two million jobs that would otherwise have been lost, and ameliorated the need for Draconian cuts by state governments suddenly faced with enormous budget deficits.
Second, about a year ago Obama signed a bill that afforded consumers more protection from the predatory practices of the credit card industry.
Third, in April Obama signed into law the most far reaching reform of health-care since Medicare and in so doing significantly strengthened America’s tattered social safety net.
And last but not least, congress is on the verge of passing significant financial reform legislation that takes a giant step towards curbing the sort of practices by banks and investment houses that nearly drove our economy into another Depression.
They have done this in the face of vociferous opposition from the powerful industries involved. Each of these bills benefited ordinary, hard working Americans and, in the cases of the credit card bill of rights, health reform and the regulation of the financial industry, did so at the expense of Big Business or the wealthiest Americans. Now that’s a change. And second, they moved forward against the obstructionist opposition of a GOP only too willing to do the heavy lifting for the financial and medical insurance industries. Does anyone think it’s a coincidence, for example, that political PAC money contributions from the financial industry are flowing away from Democrats, despite the fact that they control Congress and the White House, and to the Republicans?
It has been less than eighteen months since the Democrats took control in Washington. In that time they have confounded conventional wisdom and the usual Washington cynicism to pass legislation that makes the lives of ordinary Americans more secure. And they have accomplished this over the objections of powerful business interests who have been used to getting their own way.
Obama and congressional Democrats may be fairly faulted on some issues from both left and right; but not fighting for ordinary Americans isn’t one of them.
