Daily Digest - November 7: A Landslide Victory for Schadenfreude

Nov 7, 2012Tim Price

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Obama Beats Back the Right-Wing Tide (MoJo)

David Corn writes that after the ugly midterms, President Obama decided the only way to win reelection with the highest unemployment rate since FDR was to make it a clear ideological choice rather than a referendum. Luckily, Romney volunteered to help him.

Obama's victory should settle a bitter argument (WaPo)

E.J. Dionne argues that unlike Romney, who ran on a platform to be named later, Obama was clear with voters that he believed the government should regulate the economy and level the playing field. In other words, we are all Kenyan anti-colonialists now.

How Obama Won Ohio (TNR)

Alec MacGillis writes that Obama's strength in Ohio, which helped put him over the top last night, stemmed from a belief among working class voters that the president had looked out for people like them while the GOP ticket was barely the same species.

Fresh from reelection, president finds himself on edge of 'fiscal cliff' (WaPo)

Now that Obama's won the booby prize of working with Congress for four more years, Lori Montgomery and Zachary Goldfarb note that his first task is reaching a fiscal cliff deal with Republicans who will demand entitlement cuts. What can they do to him if he says no?

Elizabeth Warren, from Professor to Gadfly to Senator (Bloomberg)

Deborah Solomon congratulates Wall Street on the brilliant strategy of blocking Elizabeth Warren at the CFPB so that she could go on to win a Senate seat and a likely position on the Banking Committee, where she can keep tormenting them to the end of her days.

Get What You Pay For? Not Always (NYT)

Eduardo Porter writes that in the coming days, businesses and their shareholders may have to do some soul-searching about whether it was really worth spending $2 billion to unsuccessfully buy an election while damaging their own reputations in the process.

The Most Expensive Election Ever: ...1896? (The Atlantic)

Matthew O'Brien notes that as a share of GDP, this year's campaign spending had nothing on the money brought to bear against William Jennings Bryan and his pro-silver platform. The GOP still hates Silver, but now that's just some guy who's good at math.

After Sandy, disaster response needs not less government, but better (Guardian)

Sarah Jaffe argues that while Barack Obama's Sandy response has outclassed Bush's handling of Katrina, it's become obvious to people on the ground that once the government shows up to help, it would be nice to have it be well-funded and effective, too.

The Two Key Investments to Build Back Better Post-Sandy (HuffPo)

Roosevelt Institute Fellow Susan Crawford writes that disruptions caused by Sandy demonstrate that we must invest in our communications infrastructure so that resources like the Internet are available in times of crisis as well as for basic funny gif research.

Wall Street Offers a Second Career for Former Politicians (NYT)

Steven Davidoff notes that Wall Street offers many lucrative opportunities to failed politicians, whether it's delivering speeches or working the global cocktail circuit. Will Mitt decide that sometimes you really do want to go where everybody knows your name?

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