Jonathan Rauch has written an interesting cover story in the National Journal on “The Tea Party Paradox.” He argues that the country has indeed moved to the right but it’s not clear whether this is happening in a way that helps the GOP in the long run (he does say it will help Republicans in the short term, for sure).

In his article, Rauch quotes from something I recently wrote, in which I pointed to opinion polls showing that a growing percentage of Americans regard the Democrats as too liberal. “What’s happening, in other words, is that an increasing number of Americans are becoming more conservative,” I wrote. “This is more fallout from the Age of Obama. Mr. Obama is, for the GOP, the gift that keeps on giving.”

Then comes this:

Wrong, replies Ruy Teixeira, a Democratic-leaning political analyst and a senior fellow with the liberal Center for American Progress. “It’s not Obama that’s the gift that keeps on giving, it’s the economy that’s the gift that keeps on giving,” he said in a recent interview. “I think it’s a judgment on how things are going in the country. I don’t think it’s a judgment to take the country in a conservative direction.”

Teixeira is repeating an argument some of the New Republic’s bloggers make ad nauseam: the problem isn’t Obama; it’s the economy. If Obama had a roaring economy, he’d be far more popular than he is. Obama’s policies are not to blame; the conditions of the country are. To which one could respond: if during the presidency of Jimmy Carter, the inflation and interest rates had been 2 percent instead of topping 18 percent, Carter would have been more popular too. But they weren’t, and he wasn’t. Mr. Carter was judged a failure and jettisoned from office after a single term because people believed the conditions of the country were due, in large measure, to his performance as president.

Teixeira’s argument can work when a president has been in office for one month; it’s harder to pull off when he’s been in office for more than 18 months. And if you read public-opinion polls carefully, what you will find isn’t simply that people are upset by the state of the economy; they are also troubled by Obama’s response to the economy. They believe he’s pursuing policies that are making things worse, not better. That is why Obama’s poll ratings are sinking and why his party is in danger of losing both the House and the Senate come November. And in response to Obamaism, the nation is, in significant respects, moving in a more conservative direction.

This trend is not inexorable. If liberals are correct and the policies that Obama is pursing are wise and necessary, then we will see their manifestation: unemployment figures will tumble, the deficit will shrink, the economy will come roaring back — and Obama will sail to victory in 2012. The country will also give liberalism a second look. But if conservatives are correct and the policies Obama is pursuing are misguided, then we will see that manifest itself, too. And Obama and his party will continue to pay a very heavy price for this.

It’s true that many people ascribe too much influence to the president when it comes to the economy. On the other hand, administration policies matter quite a lot — and when the Obama administration makes grand, sweeping claims for its economic policies and insists the stimulus package will keep unemployment below 8 percent when it ends up topping 10 percent, the public is right to hold the White House responsible.

American voters tend to be pretty fair and reasonable. They don’t expect the president to be a magician — but they do insist on progress, on results, and on accountability. Obama is no exception. These days, liberals comfort themselves by telling each other that in his second year as president, Ronald Reagan was unpopular too, and Obama is really another Reagan. Conservatives hear this comparison and chuckle; Obama is more nearly the antithesis of Reagan — they point out — and the policies Obama is pursuing will not meet with nearly the same success as Reagan’s did.

Time will tell who is right and who is wrong. At this stage, conservatives certainly have the better of the argument, though this political drama has several more acts to play out. But here’s one thing you can be sure of: if unemployment is still high, if the deficit and debt are still exploding, and if the economy is still struggling in 2011 and 2012, then the Teixeira/TNR effort to create miles of distance between Obama and the economic conditions of the country will fail. Appeals to sophisticated political-science models and pleas for more time and understanding will fail. Lashing out at critics and Bush won’t work. And if dogmatic liberals continue to insist, as they have in the past, that “the widespread conclusion that Obama is losing popularity because he’s too liberal … is totally unpersuasive,” they will be seen as increasingly detached from reality.

The public will hold the president accountable for his actions. That is what Obama’s increasingly desperate courtiers are most afraid of.

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