Democrats and Progressives may have the best platform in a generation.
I accept the President's jobs compromise deal. The main reason is that it is, with old GOP support, an end run on the Tea Party whose aim is a continuation of the poor economy which spawned it. The package on the other hand gives assurances the economy will grow and gives Democrats a good shot in 2012. Bob Greenstein of CBPP estimated the package would take a full percentage point off unemployment--and without the package the uncertainty of getting any stimulus or unemployment benefits out of the new Congress could tip the economy back into a "double dip". By my calculations, 1% off unemployment is about 1.5 million people.I think of them as particularly vulnerable hostages.
The big question in my mind is what's next. Much depends on Obama's committment to regulate the financial industry and fend off Republican budget attacks which will be designed to undo every piece of progressive legislation since the New Deal. But leave Obama out of the picture and look at the package as a tutorial. Not in the sense of what Obama might have done right or wrong but in the sense of how the package demonstrates the essential guts of how the system works.