Matt Taibbi on Hartmann now! nt - Democratic Underground

shireen

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Wed Jul-08-09 12:09 PM
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Matt Taibbi on Hartmann now! nt

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Joanne98

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Wed Jul-08-09 12:50 PM
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1. Link?

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shireen

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Wed Jul-08-09 01:16 PM
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2. sorry, didn't get to you in time

you can listen to free podcasts at
http://www.620kpoj.com/cc-common/podcast/single_podcast.html?podcast=hartmann_nationwide.xml

Taibbi was on at the top of the hour 2 segment, it's already been posted there if you want to listen to it.

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glitch

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Wed Jul-08-09 02:04 PM
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4. Thanks Shireen! nt

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glitch

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Wed Jul-08-09 05:11 PM
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8. Hour 3 with Jeff Sharlet (The Family) also a great listen. Extremist Christians. nt

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Gabi Hayes

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Wed Jul-08-09 01:51 PM
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3. thanks for the link...goldman sachs screwing most of us all the time. article here:

http://www.alternet.org/story/141163/taibbi's_scream:_stop_the_political_system_that_has_let_goldman_sachs_fleece_us_for_90_years/?page=entire

read this....one of the more salient comments following the article:

''Everytime I read one of these pieces, usually about someone else's writing, they prattle on about how the elites failed the country blah blah blah.

THEY DID NOT FAIL. THEY SUCCEEDED. THIS IS AN ENGINEERED CRASH, BURN AND ROBBERY.
For at least the last thirty years they have been setting this up. It is not over, not by a long chalk. The next wave will be the crash of the dollar (after their holding have been safely diversified of course).They are cashing out and moving on. The average American won't see it comming and will be powerless to act anyway. I am amazed that most Americans can find their way out of their houses.''

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Gabi Hayes

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Wed Jul-08-09 02:59 PM
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6. too late to edit, but the link is a commentary on Taibbi's Rolling Stone

story

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Gabi Hayes

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Wed Jul-08-09 03:08 PM
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7. key passage from alternet link:

0It is hard to know what is in a writer's head and heart, but the Goldman Sachs piece is so intense in comparison to Taibbi's recent offerings that I sense a message of personal revulsion. For clues to what may have triggered this revulsion, I look back to his writings when he first returned to America and the book that acquainted me with his work: Spanking the Donkey: Dispatches from the Dumb Season. The book concerns the absurd carnival of the 2004 Democratic primaries. In the introduction, Taibbi describes how he had worked in Russia as a journalist for 10 years.

He details the atrocities he saw, along with his sense of sympathy and fascination for the terrible things before his eyes. In Russia, he was an observer and not an accomplice, but when he returned to the USA in 2002, Taibbi felt less detached looking at his home country: "We are a country that has a large majority that on some level knows something is terribly wrong, but can't find any positive idea that it can follow and build upon..."

He describes how he had no idea how to cover the presidental election but found the need to develop a strategy to move ahead: "...I did not see much that suggested to me that a groundswell of change is on the way. But I do believe there is a strategy to pursue in the meantime, and that is TO REFUSED TO BE LIED TO...." On the strength of that insight, Taibbi set out to write a book about lies -- how to recognize them and stop believing in them.

Taibbi's look at Goldman Sachs illuminates what is missing in our political energy as we prepare, as he suggests in the article, to get our lunch eaten again in the energy trading market. What's missing is a recognition that we have been violated by experts and leaders. What's needed is a proper cleansing of social misdeed through outrage.

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Gabi Hayes

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Wed Jul-08-09 02:41 PM
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5. another interesting comment from the alternet link.....larry summers strikes again:

Edited on Wed Jul-08-09 02:42 PM by Gabi Hayes

I've been following popular economics for a few years now--I read a lot of economics blogs that want regular people to understand what's happening (and so since I read Dean Baker's blog, I oddly knew about the housing bubble before Alan Greenspan). During this time the details that continue to shock me most are the similarities between our's and the Russian economy, as in the reign of oligarchs. It started with a link to an academic paper about Why Do Businessmen Run for Office? Answer: business people usually exert their influence quietly behind the scenes but emerge as candidates when their usual methods are frustrated by some structural dysfunction that interferes with their business.

They based their conclusions on a study of Russian oligarchs/mafia--and there I recognized almost exact circumstances in my own city. I left it just at that, my beleaguered, corrupt and contented city was like Russia, a developing nation. And I was shocked. But it made sense. Then two years later, Simon Johnson's Atlantic article, about America's financial oligarchy with similarities to emerging economies, said it plainly--it's my whole country not just my city. Another important recent story is Putin's decision to shut down Russian casinos.

At the heart of their problem, and apparently our's, is gambling run amok but Russia's problem become too big to ignore (that's an important story but it's not getting much attn). Our own financial system has too many similarities to gambling yet we stop short of acknowledging it is a casino, rigged so that house always wins. Then yesterday I discovered a new-to-me economics blog (Economic Principles.com) who wrote in great detail about America's important, and corrupt, role in creating an economic disaster in Russia as they moved from communism to capitalism, a move that was guided by academic authorities from Harvard, led by Larry Summers who continues to play a leading and controversial role in today's economic "recovery".

And now this from Taibbi, who actually lived in Russia during their upheaval. So I think we're Russia, basically. And American citizens as a group are like the widow who deferred all financial decisions to her husband but upon his death she is helpless even to balance her own checkbook or pay her bills, and stuck with his gambling debts. The article about Larry Summers' controversial business dealings as an economics adviser to the post-Soviet transition can be found at http://www.economicprincipals.com 14 June 2009.

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