Tuesday, June 16, 2009

Marley redux

We can’t call Obama “Marley’s Ghost.” He’s much too alive for that. However, he’s dragging a chain behind him that’s every bit as long and heavy as Marley’s was. Its links are the dead ideologies forged by men long in their dotage.

His coddling of the banks is one of the links, specifically the link forged from the belief that the banks could clean up the mess that they created. The result, as William Greider points out is that, “The leading bankers worked out a rare deal for themselves that essentially says to the government in Washington ‘heads we win, tails you lose.’”

Now, thanks to bail out money and accounting gimmicks, the banks are singing “Happy Days are Here Again.” The economy will bounce back in the last half of 2009, which means it will be time to float another asset bubble and to encourage tapped-out consumers to sink even further into debt.

According to Greider, “The essential bet Obama made as president was to insist on a ‘voluntary’ approach to rescuing the financial system, picking up the main policies launched by his predecessor.” Of course they were the same policies. We may have a different administration in the White House, but the lobbyists are the same.

One of these days Obama may figure out that the only way to deal with a bully is to kick him in the balls.

Greider pinpoints the problem when he says, “His (Obama’s) political logic was obvious—maintain the appearance of temporary intervention to assist private enterprise and avoid any accusations of left-wing activism. The right called him a socialist anyway.”

That perhaps is the strongest link in Obama’s chain—a Democratic Party that is still running scared of the right-wing noise machine. Left-wing activism is what we need right now and the democrats are acting like a sick man who refuses to get his prescription filled because he’s afraid the pharmacist will yell at him.

Hell, given the scope of our economic meltdown, it’s a complement to be called a Socialist.

Maybe the democrats will wake up and discover that McCarthy’s been dead for 52 years.



Anonymous said...

longchamp, tiffany and co, tory burch outlet, louis vuitton, oakley sunglasses, ugg boots, polo ralph lauren outlet, kate spade outlet, christian louboutin outlet, ray ban sunglasses, nike free, michael kors, louis vuitton outlet, ray ban sunglasses, polo ralph lauren outlet, kate spade handbags, air max, nike roshe run, ray ban sunglasses, longchamp outlet, nike air max, louis vuitton, nike free, coach outlet, chanel handbags, oakley sunglasses, louboutin outlet, air jordan pas cher, nike outlet, replica watches, gucci outlet, replica watches, oakley sunglasses, louboutin pas cher, sac longchamp, prada handbags, nike air max, cheap oakley sunglasses, ugg boots, louboutin shoes, oakley sunglasses, louboutin, ralph lauren pas cher, burberry, prada outlet, uggs on sale, jordan shoes, longchamp outlet, tiffany jewelry, longchamp pas cher

Anonymous said...

ugg pas cher, pandora jewelry, canada goose uk, pandora charms, marc jacobs, swarovski crystal, juicy couture outlet, moncler, ugg,ugg australia,ugg italia, moncler, louis vuitton, thomas sabo, moncler, pandora jewelry, doudoune canada goose, pandora charms, moncler, canada goose, louis vuitton, ugg boots uk, replica watches, moncler, bottes ugg, louis vuitton, juicy couture outlet, swarovski, supra shoes, hollister, moncler outlet, canada goose outlet, sac louis vuitton pas cher, ugg,uggs,uggs canada, canada goose, canada goose outlet, louis vuitton, coach outlet, links of london, wedding dresses, moncler, canada goose, moncler, canada goose

Anonymous said...

ferragamo shoes, ghd, gucci, toms shoes, nfl jerseys, louboutin, soccer jerseys, mcm handbags, birkin bag, converse, nike air max, nike air max, chi flat iron, valentino shoes, p90x workout, mont blanc, hollister, montre pas cher, lululemon, vans shoes, north face outlet, bottega veneta, herve leger, ray ban, ralph lauren, reebok shoes, jimmy choo shoes, instyler, beats by dre, mac cosmetics, baseball bats, karen millen, wedding dresses, babyliss, oakley, soccer shoes, new balance, celine handbags, insanity workout, hollister, vans, lancel, abercrombie and fitch, hollister, asics running shoes, longchamp, timberland boots, nike roshe, north face outlet, converse outlet

Anonymous said...

true religion jeans, north face, lululemon, nike huarache, timberland, nike roshe, converse pas cher, air force, hollister pas cher, michael kors outlet, true religion jeans, hogan, hollister, ray ban uk, michael kors outlet, michael kors outlet, coach purses, vanessa bruno, vans pas cher, michael kors, nike blazer, nike free run uk, ugg boots, oakley pas cher, nike air max, coach outlet, hermes, replica handbags, new balance pas cher, true religion outlet, burberry, ralph lauren uk, sac guess, ugg boots, nike trainers, michael kors outlet, abercrombie and fitch, true religion jeans, nike air max, ray ban pas cher, michael kors, michael kors, burberry outlet online, lacoste pas cher, mulberry, michael kors, north face, nike air max, michael kors outlet, tn pas cher