Dems were free to construct any financial reforms they wanted to and define the issue

http://www.washblog.com/story/2010/6/25/17506/9357

Remember the evils of "too big to fail"? Not evil any more, apparently. Remember the dangers of a huge, unregulated financial derivatives market? No longer dangerous, it seems. Remember how shocking it was that banks were gambling with the capital underlying the world's financial system with their proprietary trading, in-house hedge funds and all that rank speculation? Not shocking any more. Now everything is okay.

The Republicans won't give them anything. The banks are enormously unpopular and nobody understands the complexities of the legislation anyway. The Dems were free to construct any reforms they wanted to and define the issue as they wished. Who was going to run against it and how? All they had to worry about was the K-Street lobbyists and themselves. Now they have met the enemy and they are themselves.


THIS "STRATEGY"IS KILLING THE OBAMA PRESIDENCY!

Under the leadership-like-thing of the Emanuel/Obama White House, the Dems will now give anything away to anybody, asking nothing in return, with no strategy and without regard to political advantage. And today's Democratic Party takes it one step farther. Whereas most politicians compromise to gain something, the Dems now theorize that the best compromises are those which hurt everybody - especially themselves. It's an amazing innovation: politics-free politics.

Democrats will talk about "the art of the possible". What's not "possible" but certain is that Democrats have thrown their credibility in the trash for nothing. There's no "art" in the Democrats' ridiculous behavior. There's callowness and self-interest so blinkered that it's not even self-interest any more.

Until I see some evidence to the contrary - and I see absolutely none above the LD level - I will conclude that the Democratic party is hopeless. It's a shame, but it's not that big a deal, actually. The "hopeless bloc" is actually pretty small and politically weak. Splitting them off will not actually be that hard. If they form a "Centrist" party, the MSM will applaud, but the Right won't have them. They'll end up tagging along with Progressives.

Hasn't this nonsense gone on long enough?

shaped by so much concern for Scott Brown? I just can't fathom the centrists tagging with the progressives-I hope not. Yes this has gone on too long.

rather than working with Scott Brown and attacking Russ Feingold?

Just saying.

They have been too welcoming and accommodating to conservatives. It comes back to bite us in our asses every time.

My question is it the reporting of what is going on, or what is going on that is like your post.

It could be there are a few democrats, or maybe many, that are really corporate republicans, then the republicans just play the foil to pretend like there is another party.

It is also possible that there is a real policy, and a policy that is told to the public. Some idea that a certain group knows best and people would not agree, so they make the rules, then some politicians just try to make it look good to get elected.

There are some real democrats out there, but some seem to be coasting, just trying to keep from having to lead.

But it could just be the posts that are put here, or could be anything.

shrug, what can a person say. Some of them really do care and want to get things done, but it seems the preasure and the ratio of how many feel that way is not above 50%. Need to replace a few, however, that is another big problem, because who gets into the races? A democrat or a republican. And who picks who even runs in primaries? Then there is election machine issues, and missinformation from media.

Not really sure what it is going to take to fix the system, but it doesn't seem to be working right now.

It would take a few seconds to list at least 10 absolutly rediculous things going on, if most people were helping society. I do understand the concept of helping other countries, and the arguement that USA is already to rich, but the corporate systems are not doing that for other countries, and for that to be workable the moderation of the wealthy has to be included. But anyways...

:shrug:

There still is music. :)

I been listening to Kim Richey and Kate Klim. Really great musicians, some great songs.

I know
http://www.bing.com/videos/watch/video/i-know-by-kim-richey/5t7kacd

the republicans are obviously not interested in compromise and voting with democrats, and IMO all of the cozying up to the republicans has made the democrats look weak, and in the big picture (I think) losing support among some democrats. I think the democrats are doing a disservice to themselves. Now, this is not a slam against Obama, I am just saying I'm disappointed and I know a lot of democrats that feel the same. And that is sadly not good for the party.

Doesn't need us any more.

We are the ones in trouble, not Barack.

The continuing policies of "Giving to the bankers, so they can arrange the economy so that it survives" should be examined by every American. Especially now that the "surviving economy" cannot afford US! We are so much trash that must be shucked to the curb and hauled off.

For people confused about what is happening, one good place to start is with MaxKeiser.com

His second video down -- "the invisible gorillas" is a lot fo fun, and explains exactly how the Upper One Percent is about to tighten then noose around our throats, yet again. It is a shame that we keep giving the ability to do this to us.

TBTF is now official, and the Big 6 are bigger and more powerful than ever (and unconditionally backed by trillions from the government/the Fed). More bailouts, another financial crisis on a greater scale and economic meltdown are all virtually inevitable and have been predicted by every single honest economist.



WTF is it? A war on real economy?? Is Wall Street hedging on (or maybe against) some ancient Mayan prophesies about 2012?? Definitely looks like a doomsday scenario, and willfully so, here.

Amazing. Simply amazing. :banghead:





Before I go...

I highly, highly recommended this analysis by Michael Hudson (not on the financial reform, but an exceptionally clear explanation of what's going on in global economy; it really says it all):

http://neweconomicperspectives.blogspot.com/2010/05/euro-bankers-to-greece-wealthy-wont-pay.html

http://neweconomicperspectives.blogspot.com/2010/06/europes-fiscal-dystopia-new-austerity.html

:nuke:

One thing about Max - you sure understand where he is coming from.

I love how he explains what is happening - the Big Bankers are THIEVES! (So what does that say about their Government Enablers, like Barack?)

And Inna, thank you for all the articles - I am still making my way through the Atlantic M that you posted yesterday (May 2009)

One for the ages.

Same as the HCR Bill.

The Democratic Party Leadership spent a YEAR "compromising" away everything that was "Democratic" about the bill,
and got NOTHING in return.

Kabuki Theater to keep the peasant class entertained while the top 1% loot the till.....again.


"If we don't fight hard enough for the things we stand for,
at some point we have to recognize that we don't really stand for them."
--- Paul Wellstone

and could do whatever they chose.

They chose to protect corporate America from more serious reform that would have made them subordinate to democracy.

"...I dream things that never were and say why not?"

To politicians mumbling about the "art of the possible". That is so sad. :cry: