Posts Tagged ‘daring

10
Aug
11

wednesday

****

Ron Klain (Washington Monthly): Among the many misconceptions about Barack Obama is that he is cautious. In fact, it is hard to think of a modern president in recent times who has been more willing to take big risks, not because he is reckless, but because he is willing to suffer potential short-term setbacks to achieve a desired long-term result. It is in that context that the much-maligned debt-ceiling compromise must be understood.

…. One example early in his administration was his choice to “bail out” the automobile industry …. Obama took action by investing substantial funds, demanding important management and strategic changes, requiring bankruptcy filings, and painfully shrinking auto-dealer networks. All were risky steps that could have quickly unraveled.

Two years later, that choice is paying off: Car sales have risen, auto-industry employment is up, taxpayers are getting their money back, and U.S. cars are getting higher consumer ratings than ever.

Health-Care Overhaul: …. many of the president’s advisers urged him to abandon the push for a comprehensive bill, and pursue a far more limited approach. But Obama wouldn’t bend, and took a gigantic risk: He pressed for a House vote on a bill that was passed by the Senate the previous year and was unpopular with many House Democrats.

Obama could have easily, and visibly, lost. Yet, once again, his gamble paid off, achieving a victory that had escaped his predecessors.

Bin Laden Raid: …. the president once again rejected the play-it-safe advice of many advisers, and ordered SEAL Team 6 to carry out its heroic raid to kill Osama bin Laden. The safer alternative – a drone strike – would have minimized the fallout if the al-Qaeda leader wasn’t at the target, or if the assault went awry. But the president believed the bin Laden’s death could only be verified with a manned raid; once again, the risky decision was the right choice.

…. So now we come to the recent debt-ceiling deal … In accepting a deal that swapped an increase of more than $2 trillion in the debt ceiling for discretionary spending cuts that Republicans wanted – without balanced, revenue-increasing measures – the president didn’t give up on his goal, as some progressive critics have alleged. Instead, he gambled that he would be able to reach his objective later.

The key to this wager is the package of contingent cuts that will be triggered if Congress fails to pass additional deficit reduction after a so-called super-committee makes recommendations in November….. the White House should do everything possible to convince the widest spectrum of voters that the consequences of activation of the trigger would be unacceptable.

…Ultimately, the only way that Republicans will accept what they consider unacceptable – revenue increases – is if the alternative is even less acceptable: horrific defense and Medicare cuts.

…. Obama’s willingness to mark his time and double down may be vindicated, and the critics who are betting against him now may be proven wrong once again.

Full article here

Thank you Loriah




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