« Malkin Award Nominee | Main | "Pretty Reprehensible" » 22 Jul 2008 05:51 pm On Whiningby Chris Bodenner In making his case against Kinsley gaffes, Ferguson focuses on the most recent factual faux-pas -- Phil Gramm's "mental recession":
Ferguson, of course, is right: a recession technically requires two quarters of economic contraction. And there's certainly something to be said for media hype hurting consumer confidence. But Ferguson completely, and conveniently, ignores the most odious part of Gramm's gaffe -- "nation of whiners." The treasury-secretary-in-waiting wasn't nailed for his economic truth-telling (after all, McCain's several "psychological" remarks weren't broadcast until Gramm-gate). He was nailed for his political callousness. And it's not like Gramm was some economics professor advising the McCain campaign; he was a senator, whose job is to be sensitive to those paying his or her salary (or at least fake it). And I'm sure the fact that Gramm is a millionaire bank lobbyist didn't help him with a nominee trying to woo working-class swingers in the Rust Belt. Meanwhile, over at the Los Angeles Times, two professors debate
the merits of Gramm's remarks. Doug Henwood argues that "times are
great, but only for the rich," citing a slew of statistics (household
income dropped 2% between '99 and '06, hourly wages are down 12% from
'78). Steven Landsburg counters, "We have gotten so used to perpetual
income growth that it's tempting to think of a two-year setback as some
kind of disaster." He basically conveys that while the economy's a bit
rocky right now, Americans are still wealthier than any other people in any other period. Landsburg:
I tend to side with Landsburg. While times are certainly strained for many Americans, the country shouldn't get carried away with economic angst. Most poverty in the U.S., after all, is relative, not absolute. Henwood realizes this relativity, but twists it for his own purpose: "Times are pretty good for tenured professors and economic pundits [how gracious!] -- maybe not as good as they've been for the titans of private equity, but still a lot better than they've been for teachers, hairdressers and computer programmers." Yes, but teachers are better off than fast-food workers, who are better off than migrant workers, who are better off than subsistence farmers, who are better off than famine-stricken villagers -- who, if using Henwood's logic, should be the only legitimate "whiners. Reading Henwood also springs to mind a paradox I've noticed in the left-liberal discourse regarding class: consumerism is BAD, yet any drop in disposable income (and yes, even a 12% drop in wages -- with exceptions -- is disposable) is also BAD. Liberal planks like job insecurity and poor access to healthcare are legitimate grievances to fight against (as I would). Just because the U.S. economy is comparatively stronger than any other doesn't mean complaints should be scoffed at, or regulations ignored. But liberals waging a wage war against the wealthy is not only futile, it's frivolous -- and thus self-contradictory. Nevertheless, I also find it particularly ironic that the "stop your whining" sentiment is rarely turned against rich Republicans like Gramm who persistently rail against taxes. Again, like slipping wages, creeping tax hikes should always be checked (though the top .01% whose income has jumped 240% since '78 could certainly spare some of that excess). But it seems like everyone -- upper, middle, and working class -- could use a little perspective when it comes to the luck of living in America. TrackBack URL for this entry:http://www.typepad.com/services/trackback/6a00d83451c45669e200e553b1aae98833 Listed below are links to weblogs that reference 'On Whining' |
