Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Jobs

Why Federal Stimulus is Always Too Small

We never seem to learn anything. The global economic crisis of 2008 should have taught us a lot about how governments cope with major economic shocks, but the level of analysis in 2020 has been abysmal. The Great Recession reduced US economic output by 4.2% and destroyed 8.7 million jobs. To counteract the loses, the federal government injected stimulus, first through the Bush administration’s Troubled Asset Relief Program (TARP), and then through the Obama administration’s American Recovery and Reinvestment Act. Combined, these two programs provided about $1.2 trillion. That’s about $285 billion per percentage of point of GDP. It wasn’t enough. The economy recovered very slowly, too slowly for the Obama administration to maintain public support. The Democrats lost the House decisively in 2010. Obama tried to get an additional $447 billion in 2011, but the Republicans had no interest in it. Instead, they pushed for deficit reduction. Obama tried to play nice with them, signing the Budget Control Act in August and making one last push for more stimulus in the Fall. They took his cookies. The second stimulus never happened. As the years went by, rural America continued to lose jobs, and grew more and more resentful, setting the stage for Donald Trump in 2016.

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Joe Rogan, Frantz Fanon, and Left’s Future in the Countryside

The recent endorsement of Bernie Sanders by Joe Rogan throws into sharp relief the division between what I call “the political left” and “the church left”. The political left wants to build a broad, inclusive coalition that can build enough power to do big things, like Medicare-For-All. The church left is more interested in building a spiritual community that can replace the traditional Christian communities that once dominated the American social and moral landscape. The political left is excited by Rogan’s endorsement, because it suggests that it we might yet succeed in widening Sanders’ appeal. The church left is horrified, because it considers Rogan to be a source of spiritual impurity and corruption. It’s a clarifying moment that really illustrates the vast gulf in purposes and worldviews between these two forces.

Today, I want to have a think about how we can build on the Rogan endorsement to build a bigger, stronger, more inclusive movement. Frantz Fanon is going to help me. You’ll see why.

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The Higher Education Bubble Isn’t Going to Burst Without Our Help

For a long time, we’ve been sending more and more people to college. We’ve sent so many people to college that many graduates can no longer find good jobs when they leave. More than 40% end up working in jobs that used to require no degree:

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Some have been waiting for market forces to solve this problem. Way back in 2015, Senator Marco Rubio argued that folks would stop going to university and start pursuing jobs in the trades. Instead of studying philosophy, Rubio suggested the kids take up welding:

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Impeachment is a Mistake

Remember 2017? President Trump tried to repeal and replace Obamacare. Over the summer, the Senate debated various permutations of healthcare legislation, and Trump’s approval rating sagged. When the House leadership introduced their first plan, on March 6th, Trump’s approval rating was 44%. When the Senate defeated even the “skinny repeal” bill on July 28th, Trump’s approval rating had been reduced to 38%. From there, the president turned to cutting taxes for rich people. When the tax legislation was first introduced, on November 2nd, Trump’s approval rating remained 38%. When the Senate passed the legislation under budget reconciliation a month later, Trump’s approval figure sagged as low as 36%. Over the course of that year, Trump had lost about 18% of his approval, and he’d lost that approval betraying his core supporters on issues that mattered to them. He had tried to take their healthcare away, and he had taken their money and handed it to rich people. Many Americans who voted for Trump could see that this stuff was not cool. The opposition was making real progress.

Then, everything changed. By February of 2018, Trump’s approval rating was back over 40%. A year later, it was 42%, and as I write this Trump’s approval rating is over 43%. Virtually all of the progress the opposition made in the first year of the Trump presidency has been rolled back. What happened? We stopped talking about issues and started talking about the culture war and character issues. Let me show you the steps.

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Let a Studebaker Tell You What’s Wrong With the Mayor of South Bend

My name is Benjamin Studebaker, and I grew up in Indiana. I am not happy with the way the press is covering Mayor Pete Buttigieg. Let me tell you why. Read the rest of this entry »