NY Times, Advice To Democrats.

The NY Times is today running a series of op-eds where certain political notables provide advice and direction for the future of the Democratic Parry. A selection:

It is time to open up the process and allow dues-paying members of
the Democratic Party to vote for their chairman. The success of
organizations like Meetup.com and MoveOn.org demonstrate that there is
a clear hunger in the nation for a new politics of participation. The
party must meet that demand.
My proposal is simple. Permit
anyone who has voted in a Democratic primary or participated in a
caucus and has contributed in some way to the party – either
financially or through volunteering – to vote for the next leader via
mail or Internet. This vote can be weighted appropriately to give state
and county chairmen and longtime activists a proportionately greater
say in the outcome.

That’s from this guy:
Howard L. Wolfson, a communications consultant, was a senior
adviser to the Democratic National Committee for the 2004 presidential
campaign.

and all one can really say about it is that Karl Rove really does seem to have his moles everywhere.
Allow MoveOn, Democratic Underground and the Daily Kos (they contributed didn’t they?) to determine the leadership and direction of the Party? They’ll be out of power for another generation.
This isn’t a bad idea at all:

Real tax reform, like the simplified family credit I’ve proposed, would
reverse this trend. It replaces 2,000 pages of the tax code with 12
questions by combining the child credit, the Earned Income Tax Credit
and the dependent exemption. In contrast to the two Republican tax
ideas – a flat tax or a national sales tax – the simplified credit is
pro-family, progressive and rewards work.

Doesn’t go far enough, of course. Further reducing the double taxation of income from savings (the famed Dividend Tax) would raise the savings rate, which, as even the NYT informs us, is the real cause of the trade deficit.
This is similarly not stupid:

The next leaders of the Democratic Party must be stewards of the values
and principles that made our nation strong and prosperous.

Such a pity that it implies the wholesale rejection of every policy proposal the Party has made over the past two decades.
Donna Brazile  says, well something or other.

One response

  1. Technically the current account deficit IS matched by a capital account surplus, which means that not all investment within the US is funded by the US household sector. It is not the same however as saying that the US household is not saving. If we look at the Federal Reserve flow of funds data we see that US households made a net addition of financial assets in q2 of $800bn, after a similar amount in q1 and a similar amount again in 2003. This is in addition to the capital gains on their existing stock of assets, which currently stand at $35 trillion excluding housing. In the last three years the US household has bought back much of the equity it sold to foreigners in the bubble at 10cents on the $ while simultaneously refinancing their balance sheets by selling them corporate and government bonds at ridiculously high prices. They have also been investing directly in the global growth story while the actuaries have forced foreign long term institutions to buy bonds at any price to avoid risk, in turn making their pensions funds insolvent. So dumb those Americans – lucky they can rely on all those clever foreigners!

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