Last week, the Pew Research Center for the People and the Press released its latest national survey, taken from Oct. 9 to 12. Americans are dissatisfied with the way things are going in the country and of course concerned about the economy. But, as Pew summarized, “there is little indication that the nation’s financial crisis has triggered public panic or despair.”
In fact, “There is a broad public consensus regarding the causes of the current problems with financial institutions and markets: 79 percent say people taking on too much debt has contributed a lot to the crisis, while 72 percent say the same about banks making risky loans.”
This seems sensible. Indeed, as Sept. 11 did not result in a much-feared (by intellectuals) wave of popular Islamophobia or xenophobia, so the market crash has resulted in remarkably little popular hysteria or scapegoating.
And considering what has happened, the vulgar public on Main Street has been surprisingly forgiving of those well-educated types on Wall Street — the ones who devised and marketed the sophisticated financial instruments that have brought the financial system to the brink of collapse.
Most of the recent mistakes of American public policy, and most of the contemporary delusions of American public life, haven’t come from an ignorant and excitable public. They’ve been produced by highly educated and sophisticated elites.
Needless to say, the public’s not always right, and public opinion’s not always responsible. But as publics go, the American public has a pretty good track record.
In the 1930s, the American people didn’t fall — unlike so many of their supposed intellectual betters — for either fascism or Communism. Since World War II, the American people have resisted the temptations of isolationism and protectionism, and have turned their backs on a history of bigotry.
Now, the Pew poll I cited earlier also showed Barack Obama holding a 50 percent to 40 percent lead over John McCain in the race for the White House. You might think this data point poses a challenge to my encomium to the good sense of the American people.
It does. But it’s hard to blame the public for preferring Obama at this stage — given the understandable desire to kick the Republicans out of the White House, and given the failure of the McCain campaign to make its case effectively. And some number of the public may change their minds in the final two weeks of the campaign, and may decide McCain-Palin offers a better kind of change — perhaps enough to give McCain-Palin a victory.
The media elites really hate that idea. Not just because so many of them prefer Obama. But because they like telling us what’s going to happen. They’re always annoyed when the people cross them up. Pundits spent all spring telling Hillary Clinton to give up in her contest against Obama — and the public kept on ignoring them and keeping her hopes alive.
Why do elites like to proclaim premature closure — not just in elections, but also in wars and in social struggles? Because it makes them the imperial arbiters, or at least the perspicacious announcers, of what history is going to bring. This puts the elite prognosticators ahead of the curve, ahead of the simple-minded people who might entertain the delusion that they still have a choice. But as Gerald Ford said after assuming the presidency on Aug. 9, 1974, ”Here the people rule.”
One of those people is Joe Wurzelbacher, a k a Joe the Plumber. He’s the latest ordinary American to do a star turn in our vulgar democratic circus. He seems like a sensible man to me>>.