Director of the Centre for Policy Development Miriam Lyons writes:
Barack Obama’s victory represents a watershed in American history, but it will also have ramifications around the world. Before I head out to celebrate I thought I’d just bash out a few quick notes on some of the policy implications for Australia of this momentous turnaround in the state of US politics:
Climate change
Today’s election result heralds the rise of Green Keynesianism. The US economy is in the toilet and smart economists are advocating direct investment over a more consumer-based fiscal stimulus. Democrats in Congress got a head start last year with the Green Jobs Act, and elements of the President-elect’s energy and environment policies look a lot like a ‘Green New Deal’. This from Time Magazine:
He wants to launch an “Apollo project” to build a new alternative-energy economy. His rationale for doing so includes some hard truths about the current economic mess: “The engine of economic growth for the past 20 years is not going to be there for the next 20. That was consumer spending. Basically, we turbocharged this economy based on cheap credit.” But the days of easy credit are over, Obama said, “because there is too much deleveraging taking place, too much debt.” A new economic turbocharger is going to have to be found, and “there is no better potential driver that pervades all aspects of our economy than a new energy economy … That’s going to be my No. 1 priority when I get into office.”
Calls for a Green New Deal are also starting to gain traction in the UK - and the UN. This can only help the chances of Australia’s version of the Apollo alliance, which released the ‘Green Gold Rush’ report last week calling for investment in green-collar jobs growth.
The Obama campaign’s target for emissions cuts was 80% by 2050 - a fair way ahead of Oz Labor’s as-yet-unaltered election promise of 60% by 2050. With the Arctic ice-sheet melting rapidly even an 80% target is too low for a developed country like the US, but it should certainly give Professor Ross Garnaut reason to revise his pessimism about the likely outcome of the Copenhagen round of climate negotiations. It’s worth noting that the Obama campaign’s climate and energy platform specifically called for 100% auctioning of permits.
Continue reading ‘Guest Post by Miriam Lyons: What does an Obama win mean for Australia?’






US election: links post
Excitement, or maybe nerves, is building:
Martin Kettle looks at why Democrats are stuck in the subjunctive:
The last great white hope (sorry!) for McCain may be the Bradley effect, but Thomas Noyes thinks it’s non-existent, while Stephen Guess discusses the terminological inexactitude surrounding the “socialist” charge, and its ideological implications.
Looking beyond election day, Gary Sauer-Thompson thinks the Republicans will be reduced to a Southern and Western rump. In this context, it’ll be interesting to see if Connecticut Republican Christopher Shays loses his seat. Shays is the last GOP House member left in New England, and the only survivor from the wipeout of what remained of the once influential liberal and moderate Republicans of the North-East after the 2006 election. But the South is changing too, and Sasha Abramsky examines how the GOP’s lock on the region could be broken tomorrow. Firedoglake assesses the prospects for a Senate super-majority in the South, which is the battleground for some of the last close seats to take the Democrats close to a filibuster proof majority of 60. That majority would include Joe Lieberman, though he’s not flavour of the month among the Senate Dems (or anyone else bar John McCain, probably).
And if Sarah Palin wants to be the GOP’s standard bearer after a McCain defeat, it might be worth having a squizzy at her bizarre religious affiliations and why she’s just outed herself as a Klingon. One thing is for sure - the Republicans and the noise machine won’t take defeat lying down.
Related post: What to watch and what to expect.
Update: Some interesting links from Xeni at Boing Boing, including an election FAQ.
James Ridgeway at Comment is Free looks at the structural barriers to change Obama will face (including those within the Democratic party).
Update: An interesting post from Jon Perr on the “character war” waged against Democrats.