Live analysis of the midterm elections

with Frank Rich, Al Hunt, Kevin Sheekey, John Harris, Erica Williams, Jon Meacham, Vin Weber, Jack Welch, Doris Kearns Goodwin and Walter Isaacson
in Current Affairs
on Tuesday, November 2, 2010 * * * * *

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Live analysis of the midterm elections with Al Hunt of Bloomberg News, historian Doris Kearns Goodwin, Erica Williams Deputy Director of Progress 2050, Frank Rich of "The New York Times," Jack Welch, Jon Meacham, Vin Weber, former Congressman from Minnesota, John Harris of Politico, Kevin Sheekey and Walter Isaacson, President and CEO of the Aspen Institute

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Keywords:
Democrat
House
Republican
vote
election
United States
midterm elections
politics

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  • Comments 8
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    1. matthewjharris  11/05/2010 03:12 PM Report

      I really enjoy hearing the historical perspective not offered on the cable "news" outlets. Meacham and Kearns Goodwin are tops on my list.

    2. LaveCross  11/05/2010 01:04 AM Report

      1 It was amusing to listen to Jack Welch say JOBS JOBS JOBS when he was one of the leaders in sending American jobs to places like India and Communist China.

      2 Can you say Citizens United?

    3. doodah  11/04/2010 07:41 AM Report

      Now that the tea partyers 'made it in there', are they going to be absorbed into the republican hypocrisy, and join their brethren in partaking of the Lobbyists crooked wealth (their captured bounty from the meager masses) in exchange for the sales-pitch (conservative rhetoric) that puts them (the meager masses) into a frazzled frenzy to divert their attention so their friendly financial-service guru can sneak up and pick their pockets (AGAIN), while they're foaming at the mouth over the glass being half empty / half fool blah blah blah.?. huh. huh. huh. .. born again, born yesterday; what's the difference?

      congratulations, john boehner-brain. you've come a long way. too bad you're not the Gingrich that stole Christmas. But at least Peter Jennings is dead (he never liked Gingrich, did he?). One can only hope they can kick the junkyard down the road (AGAIN). choose your weapon, boehner-brain, you're erol flynne now, you're nancy polosi el-okie-dokie (as giddy as nancy pelosi receiving 'the gavel' for the first time.). .Now what about the taxes? From what I hear, businesses would like to know. The political tease is very annoying, and pretty much killing EVERYBODY, because apparently, the bankers STOLE 'the stimulus' TOO. WTF! Boehner-brain!!!

    4. JohnGelles  11/04/2010 04:54 AM Report

      It's one a.m. in California, an hour after midnight, Charlie Rose Show is over. He had David Brooks, Chris Matthews, Joseph Stiglitz and Richard Berner (Berner--economist from Morgan Stanley).

      The Show was near-to-perfect. But the pundits Matthews (MSNBC) and Brooks (NY Times), on a par with Rose himself, were useless if we want jobs, high speed rail, upgraded infrastructure, effective education, visible statesmanship, rapid recovery, global peace, global growth, global trade, global greening, etc., all of which they hope for, none of which they believe can be delivered-- EXCEPT BY THE MARKET IN DUE COURSE-- AND MAYBE NEVER.

      These high earning American laughing talking heads do their best which is not good enough by far. They do not sound like trusted American commentators in the middle of WW II.

      They sound hollow. They are useless to the voters who just told the President his results stink-- compared to the change we need that he promised-- if we sent him $10 bucks and made sure to vote.

      Then Charlie gave us a real education from Stiglitz and Berner. They explained equity versus debt, zero interest versus affordable interest, quantitative easing versus appropriated spending of debt-based money, currency wars versus rational multilateral trade and currency treaties, and all the risks Bernanke takes without the power to compel full employment at necessary jobs and fair pricing to reward labor and management as it finds consumers with money to spend that makes sense, and money to save that won't lose purchasing power because it's in cash or conservative bonds.

      They explained all this in words that told you to cut your throat because we knew how to fly to the moon but not how to run a railroad.

      The can-do America of Henry Kaiser and Generals George Marshall and Leslie Groves is long dead. What we have today is morons at the top of government and thieves running banks and businesses.

      A few weeks ago Charlie Rose had top Chinese leaders of government and on line businesses. I had the feeling the future was bright for them and for us. They wanted freedom of speech and a market economy in a bird cage that was free to grow but not to fly off to its death from predators or bolts of lightening.

      In a few hours Charlie will have posted the transcript for this exceptionally timely Show. The early birds will have said something stupid to get their licks in ahead of all others. And I'll still be as mad as hell. I voted for Jerry Brown and Barbara Boxer-- and sanity prevailed for an instant. But Brown can't print California's own money in spite of the fact that this semi-sovereign State makes more saleable products than hundreds of nations who can.

      A simplified system for necessary taxation (if any) is past due. Laws that are understood by the lawmakers who pass them are really past due if not totally out of the question.

      I'm a veteran of WW II whose life was spared by luck. My children and grandchildren are smarter and better than I am. They all vote the Democratic ticket but that ticket is tarnished by non-performance. They all watch Charlie Rose.

      And Charlie is tarnished by failing to close with the enemy. That enemy is unemployment, foreclosures, unreasonable risk to the environment, and the President's appointment of a Commission on Deficit Reduction instead of a Commission on Creating Jobs and Preventing Foreclosure.

      This nation needs to come to necessary conclusions. And that takes leaders and educators in the media who know what they're doing.

    5. anne4444  11/03/2010 11:19 PM Report

      I do like Mr. Jack Welch’s statements (every word) and respect him deeply as a businessman. I also like his wife’s 10-10-10.

      But… Here is the point:

      Business can make money without country border, but politician can’t. If he does love this country as an American, he shall use his extraordinary intelligence to influence GE to invest money (including resources and knowledge) into this country instead of other countries.

      The fact of reality is… businessmen like money more than their passports.

      If all businessmen value their passports more than their money, America will be prosperous within 5 years because we have many brains like Jack Welch.

    6. CarolJ  11/03/2010 09:59 PM Report

      R.E. Mant, you are a windy person, by chance do you live in Chicago?

      You can't see why people vote early, there are several reasons. Going out of town on business or vacation. Military out of the country or being transferred to another country by your employer. Also physical issues, such as recent surgery and can not stand in long lines and more.

      I am privileged, I voted 2 weeks ago in my own home and the reason does not concern you.

    7. JohnGelles  11/03/2010 04:47 PM Report

      The C.R. Show was on target as it tried to develop a "what to do now" --

      ..... a, that Bush and Paulson and Obama and Geithner and Bernanke and the Congress all together avoided twice the unemployment we have and many more times the misery than we would have suffered if nothing were done when our economy collapsed for lack of private and public purchasing -- in turn due to the sub-prime lending fiasco and the scandal of trading by the big banks and insurers in risky markets with other people's money. And,

      ..... b. Obama has no clue of how to finance a boom in energy, infrastructure, R&D aimed at commercializing on-going exponential rates of change in global economic growth in regions with authoritarian capitalism and the smarts to listen to Keynesian fiscal and monetary policy and their engineers who want to conquer the commercial world with endless millions of workers who can survive on meager wages.

      But the Show was a colossal failure when is ended with hope that the Deficit Reduction Commission or anyone else could solve our urgent need for business and government success in achieving economic and military objectives.

      The Deficit Reduction Commission is a totally wrong- headed idea that ought to have been asked to study and recommend ways to reduce unemployment and all the poor performance of America compared to other major players in the global games of science and industry.

    8. REMant  11/03/2010 02:08 PM Report

      I was happy to see appetite for real change demonstrated in the election results, but I still see too many signs of ppl, who think the choice is only between haves and have-nots eager for some slice of what I do not know. If the tea party movement is to succeed and the ppl take back their country, they will have to make it by their intelligence and hard work. In that sense the election is largely irrelevant except over the monetary issues. As expected the Republican incumbent who came in with Reagan was easily re-elected in my district despite voting for TARP and bailouts and anything that looked like defense or transportation. His Democratic challenger, a retired AF colonel with two daughters in the military, would no doubt have done the same. It depressed me to hear Brokaw make the lame argument that voters exhibited "collective amnesia" about the Republicans' responsibility for the financial crisis, as if nothing in that party had changed to allow them to win back the House, not to mention its questionable veracity. Depressing also was hearing ppl talking as if Mexicans deserved a vote. I was sorry, too, to see China vilified. There's no point in that. We aren't going to war against them, and it certainly wouldn't help anything if we did. Nor would tariffs. I was glad, however, to see the large number of Washington fixtures dumped. But California, where, as Mark Shields remarked, century-old Progressive reforms have led to increasing irresponsibility, still seems to have its collective head stuck in the beach sand.

      Everyone makes a lot about polling that shows voters overwhelming want more cooperation, but that clearly does not mean, as some say, that they either want Dem good-feelings, or, as others feel, GOP dictatorship, so it can only be interpreted to mean that they want their representatives to come to their senses. Some, I heard last night as well, bemoan a constitution that limits them to two-year terms, but that functions to the same purpose as votes of no confidence and coalitions in the parliamentary system. And no one should be discouraged or encouraged by the situation in the Senate, since, with a 6-year term, it will take proportionally longer to change things there. The most important thing the new Congress can do is tackle the earmarks and deficit spending that have made their members so imperious. What they do about that should foretell what they will do about everything else.

      I still do not understand how ppl can justify the trend toward unlimited early voting, when it so obviously violates the principle of fair elections, not to mention US Code: "The Tuesday next after the 1st Monday in November, in every even numbered year, is established as the day for the election, in each of the States and Territories of the United States, of Representatives and Delegates to the Congress commencing on the 3d day of January next thereafter." (R.S. Sec. 25; Mar. 3, 1875, ch. 130, Sec. 6, 18 Stat. 400; June 5, 1934, ch. 390, Sec. 2, 48 Stat. 879.) It corrupts in the same the way we have corrupted our markets, esp when coupled with the increase in advertising. The next thing you know ppl will be selling their votes to the highest bidder.

      There were, incidentally, no representatives of the acknowledged elephant in American political room on this program. Only John Harris even brought the point up. I think it likely there would have been no GOP victory without the tea party movement. I'm sure Mr Welch meant something by "growth," but I am not sure what it was, but it sounded like monetarism, and the kind of inflating we routinely did in his time. Considering the condition of GE today, he should perhaps be having second thoughts. Vin Weber is a Reaganite. The rest appeared to be liberal Democrats, and likely Keynesians. The discussion reflected this, mostly sour grapes or fantasizing. I think conversations with Jim DeMint, the Paul's, Mitch Daniels, Tim Pawlenty, Marco Rubio, John Boehner, etc, are more what is called for.

      No one said Bill Clinton knew a lot about politics, Charlie, when he started out in Arkansas, and he made the same mistakes as president.

      BTW, the amount "owed" for Social Security and Medicare won't matter as much if the "price" of living drops, which can happen if the money is in effect taken from the wealthy through deflation of their assets. But if the Fed fights it this week, we are in for more trouble.