Bob Woodward on The Price of Politics

Thursday, September 27, 2012

Bob Woodward discusses how President Obama and the highest profile Republican and Democratic leaders in the United States Congress attempted to repair the American economy and deal with the federal debt over three and one half years. The Price of Politics, his 17th book, addresses the key issue of the presidential and congressional campaigns: the state of the American economy and how to address it.


Bob Woodward

Comments [15]

author Orrin Woodward from Dhaka.

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Nov. 13 2012 05:11 AM
RUCB_Alum from Central New Jersey

Mr. Woodward -

Since the Watergate era, middle-class earnings and personal thrift have declined to the point where the minimum wage earner of 1972 commanded more goods and services from the existing economy than the AVERAGE earner can command from today's economy. What steps - short of revolution - do you think should be taken to restore the earning power of the middle class?

Sep. 27 2012 01:29 PM
mejimenez from manhattan

Woodward is just another Villager still peddling the standard false-equivalence "both sides are to blame" bull. Mann (Brookings) and Ornstein (AEI) demolished that canard in their book "It's Even Worse Than It Looks" months ago.

Sep. 27 2012 12:46 PM
Henry from Katonah

Possibility that pundits do not consider - widespread rejection of the current House freshmen. Nancy Pelosi back as Speaker. Sanity returns to Congress.

Sep. 27 2012 12:42 PM

...I think they're called jounalphants.

Sep. 27 2012 12:42 PM


Woodward and ALL "Belt-Way" hacks of his ilk have been used by unabashedly by politicians for decades!!

The only one that this hasn't dawned on is Woodward, himself!


Sep. 27 2012 12:40 PM

Woodward writes about himself.

Simpson and Bowles are both conservative. Alan Simpson has been calling people com-symps for 30 years. He still does it to this day, when he's not insulting in the most revolting ways women, people of color, etc.

Sep. 27 2012 12:36 PM
john from office

How much of the opposition to OBAMA is due to race?? He is not treated well by the White Boys on the hill. Even the Right wing Black Boys are disrespectful.

Sep. 27 2012 12:30 PM
Amy from Manhattan

What I don't understand is why the Obama campaign, & Pres. Obama himself, isn't countering Republican charges better, starting w/pointing out that the Republicans have (mostly) stopped him from getting anything done & then said, "Look! He hasn't gotten anything done!" And that they keep saying his policies haven't worked, but his policies haven't gone into effect, both because they're voted down in Congress & because they've refused to confirm his nominees to federal agencies who would have actually done the work of putting them into effect. So we don't really know if they would have worked.

Sep. 27 2012 12:30 PM
antonio from bayside

Isn't Joe Biden from the "old school?" Being a long time member of congress from the old school? Where is he?

Sep. 27 2012 12:30 PM

Obama "is a progressive Democrat." That tells us all we need to know . . . about Bob Woodward. Obama progressive? On health care? On labor? Indefinite detention? Abuse of the 1917 Espionage Act? Prosecution of whisteblowers?

What planet is Woodward living on?

Sep. 27 2012 12:28 PM

Woodward's parroting of the Simpson-Bowles snake-oil as if it were established truth tells us more about Woodward's unwitting bias than it does about economics. There are, as noted by MANY economists (Stiglitz, Krugman, Baker, Galbraith, etc.) other solutions beside tax hikes and cuts to 'entitlements.' (Curious that Woodward doesn't include cuts to the military, which even the conservative Simpson-Bowles brigade did include.) Lifting the income cap on FICA would solve most of the problem (certainly solve it for an additional 20 years). Extending Medicare (not cutting it) would increase incentives for efficiency and participation for a government program that gets _overwhelming_ praise from its beneficiaries. Medicare is very efficient. It can be made more so, but it is already far more efficient than any private health insurer or any Fortune 500 company. That's straightforward economics, not that you'll ever hear a moderate or conservative admit it.

Sep. 27 2012 12:20 PM
Hugh Sansom

Treasury Secretary has a deplorable record on economic issues, so Woodward's citing him isn't compelling in the least.

Several notable, progressive economists — Dean Baker, James K. Galbraith, and others — disagree with the Beltway dogma that the fiscal cliff is the catastrophe that Woodward claims. This is _not_ to say that it is not a problem. But the hand-waving that the sky is falling are arguably mistaken.

As for the areas where the US shines — like biomedical research — conservatives and many Democrats have been pushing for cuts _anyway_. War spending is the only thing that Congress has consistently agreed on — and attacks on the poor and middle classes, attacks on teachers, attacks on social programs.

All the things — except the military — that moderates point to have been under attack _anyway_. So the claim that we will see un-precedented cuts in social or scientific programs just isn't very solid.

Moreover, IF (if) right-wing dogma is right, and government is evil, then there cannot be any problem in a government shutdown, right? That's strictly implied by the claims of Republicans and bluedog Democrats.

Sep. 27 2012 12:14 PM
Amy from Manhattan

So before 2010 the Republicans didn't try to filibuster against raising the debt ceiling? Was that because they'd been voting for it up to then?

Sep. 27 2012 12:13 PM

Oh, boy!! Bob Woodward!!


Sep. 27 2012 12:09 PM

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