Taibbi on our 2-Party Thang

[Raz]

Re: Taibbi on our 2-Party Thang

When you're right, you're right. I was wrong, and among those who proved to be naïve and foolish. It took me until 2010 to be sure of it.

I wasn't referring to you, dcarrigg. You don't hail from the Left Coast but from the yankee land NE quadrant - New England.
And you've never come across as a condescending, Limousine Liberal but as an old-line Democrat; like back in the days when the Democrats actually represented American workers. Now they're willing to allow millions of invaders across our southern border so the Country Club Republicans can get their landscaping done on the cheap.

Here we are 4 years later, and 40% of Dodd-Frank is still not implemented. The largest portions of the bill that are unimplemented relate to mortgages, derivatives, and systemic risk. Now some of the rules with the most bite are being formally stripped away.

We're 6 years in to this administration. It's almost 2015. It should be clear by now that they have no intention on actually regulating the financial industry.

There will be another financial crisis. At this point it's certain. It's not a matter of if. Only when.

They never had any intention of reigning in the financial industry. The only cure would have been to reinstate the thirty-seven page bill drawn up by Carter Glass: forcing a clear separation of commercial banking from investment banking. It was the Dimons and Blankfeins of America who paid for the guys in this picture to remain in office thirty years at a stretch.




At the rate things are going there won't be much left except agriculture, petroleum extraction and the medical cartel. Everyone else will either be on the dole or working at Wal-Mart.

[Raz]

Re: Taibbi on our 2-Party Thang

I'll have to apologize for trashing the senior senator from Alabama. He didn't go along with repeal of the Glass-Steagall Act.
He was the ONLY Republican senator to vote against repeal!

"He publicly opposed the Gramm–Leach–Bliley Act which repealed parts of the Glass–Steagall Legislation and was the only Republican Senator and one of only eight Senators overall to vote against it."

http://en.wikipedia.org/wiki/Richard_Shelby#1990s

[TBBNF]

Re: Taibbi on our 2-Party Thang

This is a great line from the article and pretty much sums up the our political system and the media:

"Conservatives for welfare, and liberals for big business. It doesn't make sense unless we're not really dealing with any divided collection of conservatives or liberals, and are instead talking about one nebulous mass of influence, money and interests. I think of it as a single furiously-money-collecting/favor-churning oligarchical Beltway party, a thing that former Senate staffer and author Jeff Connaughton calls "The Blob.""

[don]

Re: Taibbi on our 2-Party Thang

This is a great line from the article and pretty much sums up the our political system and the media:

"Conservatives for welfare, and liberals for big business. It doesn't make sense unless we're not really dealing with any divided collection of conservatives or liberals, and are instead talking about one nebulous mass of influence, money and interests. I think of it as a single furiously-money-collecting/favor-churning oligarchical Beltway party, a thing that former Senate staffer and author Jeff Connaughton calls "The Blob.""

it's kinda like a mass that keeps getting bigger and bigger . . .

it eats you alive

[lektrode]

Re: Taibbi on our 2-Party Thang

it's kinda like a mass that keeps getting bigger and bigger . . .

it eats you alive

oh YEAH baybee...
best metaphor to date... on whats been happnin the past 8.

[don]

Re: Taibbi on our 2-Party Thang

oh YEAH baybee...
best metaphor to date... on whats been happnin the past 8.

tip of the hat to Jesse's cafe Americain

[lektrode]

Re: Taibbi on our 2-Party Thang



the 'goldman grrrl'
(dont spose this is some kind of omen, do ya?)

another thing eye find interesting is how nobody has ever asked the question about why after they left the whitehouse - instead of 'going back to the ranch' - as most of em do - they ended up WHERE? (birds of a feather, an all that..)

ground zero, baybee...

tell me that wasnt a payback for 'doing gods work' in the 90's...
but guess even carpetbaggers 'spots' dont wash off

[dcarrigg]

Re: Taibbi on our 2-Party Thang

Left Coast

Either my reading comprehension has gone to hell or it's time I seriously consider getting glasses. Sorry 'bout that Raz!

[don]

Re: Taibbi on our 2-Party Thang

they play the Hunger Game like the pros they are

The ‘Hunger Games’ EconomyBy David Cay JohnstonDecember 15, 2014

That our Congress is intent on taking from the many to enrich the few was on full display during passage of the new $1.1 trillion federal spending bill, as five provisions show.In a Washington run by and for oligarchs, official theft happens suddenly and without warning. No public hearings. No public debate. Instead, as we saw in North Carolina and Wisconsin, it occurs with just abrupt moves to shift power and money from the many to the richest few.

And with little focus by our best news organizations on the consequences for people’s lives, especially if they are in the 90 percent, many people have no idea they just got officially mugged.

The continuing resolution to fund the government was combined with an omnibus spending bill to create a 1,603-page statutory monster called the “cromnibus.” Among the provisions that show how both political parties help corporations pick the pockets of the vast majority, while far too many mainstream journalists help obfuscate the awful truth ...

behind a fog of partisan misdirection . . .