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OpenLeft readers who pay attention to such things have probably noticed that I have been a bit missing in action on the blogging front the past couple of weeks. This new project as pretty much consumed every waking hour (while leaving a lot fewer hours to sleep). It's kind of a wild-ass process combining groups, donors, pollsters, message gurus, lawyers, targeted state activists, and others. We're trying to figure out what is going on in the election day-to-day, advise donors on the groups (national and state-level) who can make the biggest difference, and hook groups up to creative people who can help with messaging.
It's been all-consuming, but I've regretted not being able to write more with all this wrenching stuff happening in the economy and politics. Like most folks, I don't know much about the intricacies of high finance and capital markets, but I do know one thing: if Democrats make this deal without demanding some basic reforms to hold these Wall Street bastards accountable, and without getting something out of it for middle-income folks, they will be making a bigger political, policy, and moral mistake than the 2002 fiasco of a deal they cut with Bush on the war. Bailing out these greedy financial gurus who've led us down this path, and getting nothing in return, is indefensible morally and incredibly stupid politically. Like the war vote in 2002, it would fundamentally divide our party and demoralize the activists, volunteers, contributors, and voters we need.
On the campaign front, the most under-reported yet incredibly important dynamic that has happened in recent weeks is the increased racial fear-mongering that the Republicans are now openly embracing. Trying to link Obama to every black man who ever did something wrong- first it was Kwame Kilpatrick, then Franklin Raines, next I'm sure will we'll be seeing ads associating him with rappers- is central to their emerging endgame strategy.
The shape of the bailout bill that Democrats agree to, and the way the Obama campaign drives the economic message and deals with the racial dynamics in the coming couple of weeks, will probably decide this race. In the meantime, we should be raising hell about all the craziness going on. Accountability- both on the financial bailout package, and on the race-baiting BS- should be at the top of our agenda.
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