More LBJ Then FDR
Barack Obama has manically embraced “discredited conservative ideas” and “helped enormously in extended the hegemonic continuity of [the] Nixon-Reagan Era
That said, the alternative proposition expressed by NY times columnist David Leonhardt that the Obama achievements “rivals any other since the New Deal in scope or ambition”, isn’t really the that powerful a rejoinder. Here’s the full first paragraph of Leonhardt column:
With the Senate’s passage of financial regulation, Congress and the White House have completed 16 months of activity that rival any other since the New Deal in scope or ambition. Like the Reagan Revolution or Lyndon Johnson’s Great Society, the new progressive period has the makings of a generational shift in how Washington operates.
Which is to say that the Obama administration achievements are comparable to the domestic achievements of Reagan or LBJ. Not that they exceed them or are on par with FDR’s achievements. Nixon actually had a pretty robust domestic policy legacy, although it’s a bit of orphan because of it’s mixed ideological direction and Nixon’s personal legacy.
Obviously the important thing will be if the bills make the world a better place. The early results for stimulus bill are lacking. The economy needed more and it just didn’t happen. In size and scope the health care and financial reform bills are historically large. So what, will they work? For health care it’s pretty clear the expansion of coverage will last and improve lives of millions of Americans. But I wouldn’t pretend to know if financial reform will look like an achievement in ten or twenty years. It’s size and scope could just as easily be measures of failure as success.