Harold Meyerson

The Net roots is up in arms about the Senate's version of health-care reform, with many rooters demanding it be voted down. The liberal establishmentarians lament the compromises they were compelled to accept but support the bill's passage. In between the two, indignant and stuck, is organized labor.

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So who's for reviving American manufacturing? American manufacturers? Well, some of them, under certain conditions. The American people? Most of them, under most conditions. The American government? Well, parts of it. Sometimes.

Reviving American manufacturing may be an economic and strategic necessity, without which our trade deficit will continue to climb, our credit-based economy will produce and consume even more debt, and our already-rickety ladders of economic mobility, up which generations of immigrants have climbed, may splinter altogether. That's no guarantee, however, that American manufacturing will actually be revived. The forces arrayed against it -- chiefly, finance and big retailers, Wall Street and Wal-Mart -- have tremendous political clout.

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This decade began and ended in dread. It began with Wall Street -- the World Trade Center -- targeted for mass murder. It ends with Main Street fearful and reeling from economic reverses that Wall Street helped create.

It was the decade of distraction. While the U.S. economy bubbled and then crumbled, the president for eight of the decade's 10 years embroiled us in a grudge match with Saddam Hussein and then persisted in throwing lives and money into the chaotic conflict that (as many predicted would happen) ensued. The decline of the American middle class was nowhere on his radar screen.

With a sweeping bow to reality, President Obama unveiled his second economic stimulus program on Tuesday. He didn’t call it that, of course, since “stimulus” has become taboo, but the proposals he sketched will considerably amplify the government’s efforts to combat the worst economic downturn since the Great Depression.

President Obama convenes a summit today to hear from a range of interested parties how he can goose the American economy to create more jobs. Yet, for weeks, virtually every White House employee with the power of speech has made clear that the president doesn't intend to increase the deficit, and that the idea of a second stimulus is a non-starter.

By accident of its birth -- a collection of separate colonies that slowly came together to form an independent union and revolted against the remote power of the British government -- the United States has an enduring bias toward localism, an aversion to centralized government that is part of its DNA. For some on the left, this has been seen as a positive. "It is one of the happy incidents of the federal system that a single courageous state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country," Justice Louis Brandeis once wrote.