LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman. Winner 2013 Webby Awards for Best Political Website
May 22, 2013

 Choose a size
Text Size

Trending:     chris hedges     economy     elizabeth warren     politics     robert scheer
Most Read

Rise Up or Die

Lock Up Washington

Revenge of the Bear: Russia Strikes Back in Syria

How America Became a Third World Country: 2013-2023

California Man Sues Officers He Says Nearly Beat Him to Death

Most Comments
Most Emailed

Reports
 * NEW! * The Path of Hubris and War
 * NEW! * Glaciers Are Melting Slowly but Surely

Ear to the Ground

A/V Booth

Arts & Culture
Act of Congress
Daily Rituals
The Girls of Atomic City

Digs

Truthdig Bazaar more items

 
Reports

Hey Michelle, Read My Book

Email this item Email    Print this item Print    Share this item... Share

Posted on Oct 5, 2010
AP / Charles Dharapak

Michelle Obama speaks during the Democratic National Convention in Denver in 2008.

By Robert Scheer

On Tuesday, I received yet another deceptively personal e-mail addressed to “Robert” from Michelle Obama asking me once again to contribute to the “amazing journey” toward “progress” that her husband has led.

“Fool me once,” I muttered, regretful of my previous contribution and even embarrassed to wear the artist-designed Obama for President T-shirt that I got in return. I was particularly annoyed by the first lady’s assurance that “You’re the reason we reined in Wall Street banks that were out of control,” since I have written a book and numerous articles asserting just the opposite. 

I envy her blind spousal loyalty—my own mate is a bit less forgiving—but how in the world can she, or the hacks that ginned out this e-mail to millions on her behalf, make such an assertion without sensing the absurd? Surely she knows that this administration has thrown trillions at the banks in the wan hope that they would respond with increased liquidity and mortgage relief to improve the lot of struggling homeowners and the unemployed, who have received nothing in return. 

There are 50 million Americans who have either lost their homes or are “under water” on their mortgages, and unemployment is stuck at close to 10 percent. The real number, which includes those who have given up looking for work, or who have been forced to take crummy jobs well below their skill set, is at least double.

But the official number is high enough to shock Charles Evans, president of the Federal Reserve Bank of Chicago. “In the last several months I’ve stared at our unemployment forecast and come to the conclusion that it’s just not coming down nearly as quickly as it should,” he told The Wall Street Journal on Monday, adding, “This is a far grimmer picture than we ought to have.” Pretty grim when you add the fact that there is now an all-time high of 43 million Americans living in poverty while Wall Street salaries and bonuses grow fatter.

Advertisement

Evans expressed a widespread concern over the developing “liquidity trap” in which the banks that have been saved from a disaster of their own making nonetheless refuse to lend as the president had hoped, and industries that have been made more secure through access to cheap money induced by the Fed don’t invest and rehire.

As for reining in the banks with his semblance of regulation over the out-of-control derivatives market that caused the greatest economic crisis since the Great Depression, the president admitted in an interview published in Rolling Stone last month that “People have legitimate concerns that if the rules drafted by all these various agencies in charge of implementing financial reform wind up with exceptions that are so big you can drive a truck through … you could end up with an inadequate regulatory structure.” 

That’s exactly what will happen once the lobbyists get through working their buddies in the regulatory agencies. Obama made light of the concern expressed by Rolling Stone editor Jann Wenner that “when it comes to financial reform … your economic team is closely identified with Wall Street and the deregulation that caused the collapse … [M]any of them worked for or were close to banks like Goldman Sachs.” In response, Obama observed, “Larry Summers didn’t work for Goldman Sachs,” which ignores the fact that Summers was paid almost $8 million by Wall Street firms while he was an adviser to candidate Obama—including one $135,000 lecture fee from Goldman.

Goldman alums and others from Wall Street hold key economic positions throughout the Obama administration. That includes former Goldman partner Gary Gensler, whom Obama selected to head the Commodity Futures Trading Commission, which has the key responsibility for derivatives regulation. In the Clinton administration it was Gensler as treasury undersecretary, along with his then-boss Summers, who led the fight against the regulation of derivatives and swaps.

His insistence that “swap transactions should not be regulated” under the existing Commodity Exchange Act was made law when President Bill Clinton signed off on the Commodity Futures Modernization Act, preventing any regulation of the toxic mortgages that the Fed is now stuck with.

The “no banker left behind program,” initiated by George W. Bush and continued by Obama, got a big boost Tuesday when Fed Chairman Ben Bernanke committed to adding to the more than $2 trillion in toxic derivatives assets that the Fed has already bought from the banks. Once again the suffering of homeowners is ignored while the bankers who fleeced them are made whole. 

Until progressives break with Obama’s rosy perceptions, they will have nothing to offer as a retort to the tea-party faux populists who are effectively monopolizing the legitimate rage over the bailouts that has spread like wildfire throughout the land.

Click here to check out Robert Scheer’s new book,
“The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.”

 

Click here to check out Robert Scheer’s new book,
“The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.”


Keep up with Robert Scheer’s latest columns, interviews, tour dates and more at www.truthdig.com/robert_scheer.



Get truth delivered to
your inbox every week.

Previous item: Tea Party Socialism

Next item: Harvest Champion of the Court



New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By archivesDave, October 17, 2010 at 3:42 pm Link to this comment

Ventura in 2012:
Latest clip: Interview with Napalitano..
http://geraldcelentechannel.blogspot.com/2010/10/jesse-ventura-america-will-have-another.html

Report this

By archivesDave, October 10, 2010 at 3:15 pm Link to this comment

Thnx Napolean:
I perused the links and pretty well agree.

In the coming months, look for these Globalists to come up with some unifying factor(s) such as a ginned up false flag alien contact announcement to get the world focused on a new ‘boogey man’ and begin working together on solving some of our economic and warring issues. 
A stock market &/or Dollar crash could be an another catalyst for the g20, BIS, & IMF to propose the
“Jubilee Option” or some other long term solution IMO.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 10, 2010 at 8:39 am Link to this comment

Good Stuff archivesDave.

When folks realize that the binding tool of slavery is that very dollar we work for and others peddle.. and when we realize that the banksters can easily ‘forgive’ the debt, or partially, much like is exampled in biblical times… and when the only thing keeping folks from doing what is right is their greed and persistence that others must work so they don’t have too… no proposed solution is yet plausible, me thinks.

Source articles:

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aqLRdlyN_xfA

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=avuGD2XVQTg0

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aqLRdlyN_xfA


For insight to media conditioning and preparing Americans for war, look at this:

http://www.youtube.com/watch?v=9S6N5CjPJTs

Report this

By archivesDave, October 10, 2010 at 4:52 am Link to this comment

This is the biggest fraud in the history of the capital markets’according to Janet Tavakoli,
founder/ pres. Tavakoli Structured Finance Inc. She sounded some of the earliest warnings on the structured finance market, leading the University of Chicago to profile her as a “Structured Success,” & Business Week to call her “The Cassandra of Credit Derivatives.” We spoke this afternoon about the turmoil in the housing market, and an edited transcript of conversation follows.

Ezra Klein: What’s happening here? Why are we suddenly faced with a crisis that wasn’t apparent two weeks ago?

Janet Tavakoli: This is the biggest fraud in the history of the capital markets. And it’s not something that happened last wk. It happened when these loans were originated, in some cases years ago. Loans have representations and warranties that have to be met. In the past, you had a certain period of time, 60 to 90 days, where you sort through these loans &, if they’re bad, you kick them back. If the documentation wasn’t correct, you’d kick it back. If you found the incomes of the buyers had been overstated, or the houses had been appraised at twice their worth, you’d kick it back. But that didn’t happen here. And it turned out there were loan files that were missing required documentation. Part of putting the deal together is that the securitization professional, & in this case that’s banks like G.S. & JP Morgan, has to watch for this stuff. It’s called perfecting the security interest,& it’s not optional.
EK: & how much danger are the banks themselves in?

JT: When we had the financial crisis, the first thing the banks did ws run to Congress & ask for acctg relief. They asked to be able to avoid pricing this stuff at the price where people would buy them. So no one can tell you the size of the hole in these balance sheets. We’ve thrown a lot of money at it. TARP was just the tip of the iceberg. We’ve given them guarantees on debts, low-cost funding from the Fed. But a lot of these mortgages just cannot be saved. Had we acknowledged this problem in 2005, we could’ve cleaned it up for a few hundred billion dollars. But we didn’t. Banks were lying & committg fraud, & our regulators were covering them & so a bad problem has become a hellacious one.

EK: My understanding is that this now pits th banks against th investors they sold these products to. Th investors are going to court to argue that the products were flawed & the banks need to take them back.
JT: Many investors now are waking up to the fact that they were defrauded. Even sophisticated investors. If you did your due diligence but material information was withheld, you can recover. It’ll be a case-by-by-case basis.

EK: Given that our financial system is still fragile, isn’t that a disaster for the economy? Will credit freeze again?

JT: I disagree. In order to make th financial syst. healthy, we need to recognize the extent of our losses and begin facing the fraud. Then the market will be trustworthy again and people will start to participate.

EK: It sounds almost like you’re saying we still need to go through th end of our financial crisis.

JT: Yes, but I wouldn’t say crisis. This can be done with a resolution trust corporation, the way we cleaned up the S&Ls;. The system got back on its feet faster because we grappled with the problems. The shareholders would be wiped out & the debt holders would have to take a discount on their debt & they’d get debt-for-equity swap. Instead we poured TARP money into a pit & meanwhile th banks are paying huge bonuses to some people who should be made accountable for fraud. The financial crisis was a product of our irrational reaction, which protected crony capitalism rather than capitalism. In capitalism, the shareholders who took the risk would be wiped out and the debt holders would take a discount but banking would go on.
Wash.Post
Ezra Klein 10/8/2010

Report this

By archivesDave, October 9, 2010 at 10:53 pm Link to this comment

Great news for the Corporatist Sheeple Shills:
Last nite they dredged out the eviscerated Christmas digs/ ice rink at the Rockefeller Plaza!
Perhaps they can get Michelle’s, Limbaugh’s and Beck’s autographs now.

Report this

By archivesDave, October 9, 2010 at 10:14 pm Link to this comment

BR549:
“Before I really ever spent much time looking in the Masons, I had read some of Manly Hall’s and others’ work. It wasn’t all bad. Some pieces showed a lot of
insight into the spiritual workings of the human mind, yet there were excursions into the dark side. Unfortunately, there were far too many of them
for my comfort.

Hall, in particular was a brilliant man, but he, apparently had forgotten the sense of responsibility that went along with that knowledge.”

These ‘luminary linchpins’ are EXTREMELY brilliant IMO and it is very important that we read and study them, no matter what we think about their morality, philosophy and MO.
Most of us learn from early on to pay more attention to those we generally agree with to further cement
our belief foundation.  For me, it’s been difficult to break out of this ‘choir mentality’ and it took an esoteric/collectible book store partnership to open my eyes considerably.

Report this

By archivesDave, October 9, 2010 at 8:51 pm Link to this comment

Please Take Note:
Truthdiggers, Scheer, Hedges, et al:  If you see Jesse Ventura as the guy to get behind for an Independent run for Prez in 2012, we need to begin NOW to coax him or begin a grass roots draft movement.
Of course we all can just continue to bitch and moan as we get four more yrs of Obama/Clinton or Romney/ *****.
It’s hard to believe but the election for the next prez is only TWO YEARS AWAY! ...It will take that long if we have ANY hope at all to wrest this country from the collusive tentacles of the Global Corpsters, Banksters, Dems, and Republicans, n’est pas?

Report this
BR549's avatar

By BR549, October 9, 2010 at 8:19 pm Link to this comment

archivesDave, October 9 at 11:51 pm

Before I really ever spent much time looking in the Masons, I had read some of
Manly Hall’s and others’ work. It wasn’t all bad. Some pieces showed a lot of
insight into the spiritual workings of the human mind, yet there were
excursions into the dark side. Unfortunately, there were far too many of them
for my comfort.

Hall, in particular was a brilliant man, but he, apparently had forgotten the
sense of responsibility that went along with that knowledge.

Anyway, along your line of thought, I’m thinking that it wasn’t so much the
organizations that were necessarily suspect; more that of the opportunity that
exclusive membership within each of them had to offer in weeding out those people who
might be of a different mind. It comes down to making choices ..... and, sadly, some people
are still tempted away from the light, whether it’s being a Mason or being a politician
who has sworn to God to uphold the Constitution.

I pity those who have sworn the oath and then been sucked into the dark side. Karma
is going to bite them right in the cojones.

Report this
BR549's avatar

By BR549, October 9, 2010 at 8:02 pm Link to this comment

mack894, October 9 at 11:40 pm Link to this comment
“I’ll vote for anyone who is honest, who promises not to take money from
corporations, and who’ll read proposed legislation before voting on it.”

————————-

One of the things Ron Paul was espousing was keeping legislation short.
Seems easy enough to ask for, but not if someone has the intention of actually
clouding its understanding by other legislators and the public. I think too that
legislation should only be allowed on the merits of its title, which should only
deal with a single issue.

This padding legislation with pork-barreling and earmarks is just a way to
circumvent the public’s timely understand of how their money is spent and
anyone who attempts to do so should be considered an enemy of the state.
That would be one way to light a fire under their asses. Next thing you know,
each piece would be one page long and easy for everyone to read. If the
legislature can’t do that, we seize all their assets when they attempt to thwart
the public trust.  ....... What a concept.

Report this

By archivesDave, October 9, 2010 at 7:51 pm Link to this comment

BR 549:
By BR549, October 9 at 5:58 pm Link to this comment

“Well my grandfather was a 32nd degree Mason and he was a decent man. Not
everyone who was a Mason was guilty of conspiring to bring down humanity.

I think, rather, that there were members of these social organizations who did
indeed use their positions within these groups to further their elitist agenda
outside the group, but to think otherwise would be to assume that every
Democrat voter was on welfare or that every Republican legislator was a corporate fascist.”

Yeah BR, I guess I pretty much agree…my father was a Mason and a very decent, honorable man. He did work his way to the top in the Spokane post office
and I can still hear him commenting, son, if you want to really get somewhere, you need to become a Mason.
I’m only hinting at the very creme de la creme.
If you’d like to get a real insider’s view of the
Freemasons and dozens of related organizations, it’s
important to go to the master(s): Albert Pike, Manly
Hall and perhaps Madam Blavatsky and Alice Bailey.
Oh, and Sir Francis Bacon if u want to delve deeper.
Youtube now has a tremendous library if u wish to take the Cliff Notes route.

Report this
mack894's avatar

By mack894, October 9, 2010 at 7:40 pm Link to this comment

I’m think I’m actually past parties—democrats, republicans, whatever.

I’ll vote for anyone who is honest, who promises not to take money from
corporations, and who’ll read proposed legislation before voting on it.

Report this
BR549's avatar

By BR549, October 9, 2010 at 1:58 pm Link to this comment

Well my grandfather was a 32nd degree Mason and he was a decent man. Not
everyone who was a Mason was guilty of conspiring to bring down humanity.

I think, rather, that there were members of these social organizations who did
indeed use their positions within these groups to further their elitist agenda
outside the group, but to think otherwise would be to assume that every
Democrat voter was on welfare or that every Republican legislator was a
corporate fascist.

We now know that the fascists are on both sides of the aisle.

BTW, there is a whole crowd of people who had wanted to see Ron Paul AND
Jesse Ventura on the same ticket. I like Jesse a lot. He may not be suave and
savvy, but WYSIWYG and he is as honest as they come. Ron Paul is too, he just
has a different way of seeing life. He’s Pro-Life; I’m Pro-Choice until our
society can gets its head out of its ass long enough to figure out why we really don’t want to be doing abortions. But until that day comes, he and I will continue to differ.

Does that mean I wouldn’t vote for him? No, not one bit. His moral convictions
are so far above the rest of those in Washington that, even though he and I
differ on some issues, his intentions for this country are nothing but honorable,
just as Jesse’s are. Grayson in FL and Metcalf in PA, same thing.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 9, 2010 at 1:26 pm Link to this comment

I;m so glad you mentioned Jesse.

He is one guy, having not met him yet, that I can truly say I would go out on a limb and ‘trust’ him at the helm of this country…

For every interview I’ve heard him on, he holds no punches, speaks sincerely and frankly, doesn’t fear looking like an idiot when speaking about topics and ideas few people know about, and he is ‘self-made’ as opposed to today’s political hacks… which, as history shows…. were folks who made their own way in life and THEN moved onto public office since their worldly pursuits had been quenched ( or so we’ve been taught to think so ).

Of course, I’m not including many of the born and pedigreed politicos who are in those positions today only to keep their family, business or estates in high position….

How about Peter Schiff for Treasury / FED Chairman?

Report this

By archivesDave, October 9, 2010 at 12:01 pm Link to this comment

Ron Paul = Doublespeak and obfuscation if u do some further research: I don’t trust any Freemason!!!

HERE’S someone I could get behind and support for
2012 unless he switches strips in the meanwhile…

Jesse Ventura on The Young Turks:
http://www.brasschecktv.com/page/952.html

Report this

By dylansdad15, October 9, 2010 at 11:34 am Link to this comment
(Unregistered commenter)

Yeah, right!!  I received my email also, and after two years without a job they still out so called personalized emails begging an unemployed man to contribute.  I unsubscribed, and closed that book.  The only “change” I want to see now is some jingling in my pocket.

Report this
kulu's avatar

By kulu, October 9, 2010 at 9:56 am Link to this comment

BR549,

Ron Paul or anyone else who doesn’t sell their souls to the corporateers is definitely a better bet than the rest of the mob, Republican or Democrat. Much of his specific ideology may not match my own but I can live with that at least in the short term.

Report this
kulu's avatar

By kulu, October 9, 2010 at 9:45 am Link to this comment

ArchivesDave,

Gary Wills does have stuff on YouTube. Just google gary wills bomb power and he’s there under the heading Conversations with History. Incidentally Harry Kreisler the presenter of “Conversations” interviews many interesting academics and authors. I have downloaded dozens over time.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 9, 2010 at 9:39 am Link to this comment

Seems like history is turning a page a new chapter is being written.

Vlad Lenin said:

“The surest way to destroy a nation is to debauch its currency.”

Peter ( much like many other bourgeoisie ) is moving his businesses and operations elsewhere other than Amerika.

For Amerika has served its purpose as the spear-head of world colonialism, as the blunt instrument of physical force by armies and as a clandestine coup by-way of financial usurpation of governance by owning and conditioning the masses by media manipulation.

Question is:  Is China the new super power to be the instrument of further ‘change’ or better said ‘colonialism’ and subjugation of the people yet to come under rule?

Is China the new apparatus used by the elites, money families ( the supposed backs of government, institution and the economic slavery system we are waking up too ) which will propell the idea of ‘freedom’ by-way of capitalism to those yet ‘freed?’

For the English Empire was used, its people and resources both, to capture enough territory and influence in its time…. and we now obviously have and Amerikan Empire at its demise….

History keeps repeating… and time keeps on slippin, slippin, slippin…. into the future.

http://peterschiffchannel.blogspot.com/2010/10/schiff-report-gold-currency-war-adp.html

Report this
BR549's avatar

By BR549, October 9, 2010 at 8:24 am Link to this comment

Re:  archivesDave, October 9 at 1:03 am

While I agree that under the current “system” Ron Paul’s ideology may SEEM naive,
it has just as much validity as any of the other ideologies. The difference is the
level of connection that the representatives of any of the parties maintain to their
constituencies and strive for honesty and integrity instead of succumbing to
the dark side every time the boogey-man pokes his ugly head up from behind
the podium. Ron Paul is known as Dr. No because he refuses to sign bills that are
too long, too intentionally over-referenced, and dumped on the rest of the legislature
too late for adequate review. Would that every politician did at least that.

To that end, there are admirable aspects of every one of the parties involved
and as these so-called “representatives” depart from anything close to moral
and ethical behavior we, the population are left clashing with one another over
which one of these parties will most quickly restore our system of values. The
problem is the moral decay of the representatives, who then push the blame on
a corrupt and immoral society they are being asked to represent.

What we are left with is a “Chicken and Egg” situation and NOTHING changes.
From a business perspective, if the management is the festering bunch of
maggots like we have in the legislature, the employees will eventually bail on
the company, the quality will go down, and the customers will shift their
loyalties, but the difference here is that this “company” is run by the Mafia,
which keeps assassinating any competition that tries to provide a better option
for the public. It still comes down to morality and integrity; or more basically,
actually feeling connected to the society they claim to represent. So, if I refer to
politicians as sociopaths, it is from this perspective.

Report this

By archivesDave, October 9, 2010 at 1:44 am Link to this comment

Napolean:
Yup…the one and only.
ANY of his books are great but I especially devoured
‘The Syndicate’ and the ‘Secret History of the West’.
He’s coming out with a new one in a month or two and
it should be a barn burner since it’s been six yrs
from The Syndicate and he certainly nailed everything
in there!

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 8, 2010 at 11:04 pm Link to this comment

archivesDave, you mean this guy?

http://en.wikipedia.org/wiki/Nicholas_Hagger

Report this

By archivesDave, October 8, 2010 at 9:31 pm Link to this comment

Here is one of the best explanations of why the ‘rats’
are deserting the ship and advancing the Globalist cause in the process:
http://peterschiffchannel.blogspot.com/2010/10/schiff-report-gold-currency-war-adp.html

Report this

By archivesDave, October 8, 2010 at 9:03 pm Link to this comment

BR549:
“They should come to Ron Paul and ask what is needed of them? I may not
agree with everything he represents, but I trust him to do what is right for the
country instead of what the corrupted legislature feels is “right” for their
perverted system.”
I agree Ron Paul is definitely a cut above the other
Republicans but I really don’t trust him either.
I used to consider myself a Libertarian but the more
that I get into the ‘meat and potatoes’ of it, the
more it disgusts me to think just how naive a philosophy it really is. 
Paul talks a fantastic line at times and the Federal
Reserve most definitely must be forensically audited
and eventually dissolved if we don’t lose our sovereignty first which now looks like a 90 percent
certainty since the treasonous Citizens’ United decision.  At least many Libertarians understand that. 
Just why the Republicans/Conservatives don’t see this just blows me away.
Ron Paul double speaks quite often as most members
of Freemasonry associated organizations do.
Their foundational dream is for an ultimate united
global system and government if you make a
serious study of their doctrine and objectives.
Where they don’t agree tho is how they’re going to get there: ‘ordo ab chao’

Report this

By archivesDave, October 8, 2010 at 8:42 pm Link to this comment

Napolean DHP:
http://webcast.berkeley.edu/event_details.php?seriesid=00ec12bc-f99a-4696-825c-9b1e0453e1e1
I listened to both thirty min. segments and found him
very fascinating and informative but you definitely
have to get into Hagger…
Too bad he doesn’t have any youtube stuff.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 8, 2010 at 4:47 pm Link to this comment

This is VERY important…. please view, listen closely and understand WHAT is republican and democrat and who’s in charge…

http://webcast.berkeley.edu/event_details.php?seriesid=00ec12bc-f99a-4696-825c-9b1e0453e1e1

The first 30 minutes showcases who the interviewee is.. the latter 30 minutes the interviewee explains where the government is today… unbelievable.

Report this
BR549's avatar

By BR549, October 8, 2010 at 4:02 pm Link to this comment

Kulu stated:
“I personally think, perhaps a bit naively, that a Republican win at the next
presidential election might not be such a bad thing (if they can restrain
themselves from attacking Iran). I doubt they will be able to fix the economy
and in fact their solutions may aggravate the already dire state of affairs in
America.”

I might alter that to say that if the Republicans can for once, since Goldwater,
get their heads out of their collective ass and remember what the Constitution
was about and that they had actually sworn an oath to it, yes, they could pull
this all off successfully, but as long as the old guard still tries to regain the
ground lost in 2008 and continue with the corruption of old, they will only
further doom this country even more.

They should come to Ron Paul and ask what is needed of them? I may not
agree with everything he represents, but I trust him to do what is right for the
country instead of what the corrupted legislature feels is “right” for their
perverted system.

Report this

By Kalendarze, October 8, 2010 at 11:41 am Link to this comment
(Unregistered commenter)

She gives you nice t-shirt, so you should be nice for her and Barrack : ) But for real, I support what you write. Now is time not to spend money, but to think how save it, and make contry strong.

Report this
kulu's avatar

By kulu, October 8, 2010 at 8:45 am Link to this comment

Felicity,

Don’t forget the Canadians have got Harper, tar sands coming out of their ears and the Winter Olympic and G20 summit injustices to show, in their own little way that they are moving in the “right” direction.

They have a long way to go I know.

Report this
kulu's avatar

By kulu, October 8, 2010 at 8:38 am Link to this comment

Diamond,

If Ralph Nader is a loser whose fault is that? At least he is trying and he deserves the support of all progressives whether or not he comes anywhere near winning.

The American people are the real losers because, like those in the 51st state (Australia) they can’t tear themselves away from the status quo, sick as it is.

Report this
kulu's avatar

By kulu, October 8, 2010 at 7:52 am Link to this comment

Madisolation, Oct 6 10.56am

I think you hit the nail squarely on the head. Obama has lost everything by, from the very beginning, doing his best to woo the corporate profiteers. His early appointment of Summers and others provided the writing on the wall for those who were willing to read it.

Since the profiteers who Obama kowtowed to after getting elected and the genuine progressives who helped him get elected are as far apart in their values and goals as is possible to get, his strategy was bound to lose him the progressives’ support. Could he not see that? Or did he think his PR machine was so well-oiled that they would simply be able to con these people into supporting him again?

I personally think, perhaps a bit naively, that a Republican win at the next presidential election might not be such a bad thing (if they can restrain themselves from attacking Iran). I doubt they will be able to fix the economy and in fact their solutions may aggravate the already dire state of affairs in America. If so, the next time round truly progressive candidates may gain some traction and the broken empire begin a long long road to recovery.

Wishful thinking?

Report this

By Charle, October 7, 2010 at 10:43 pm Link to this comment
(Unregistered commenter)

Grim reading…Sheer’s article,not the Willy Wonka cupcake commentary.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 7, 2010 at 2:30 pm Link to this comment

If the objectives, which THE PEOPLE should put to paper AND NOT THE LEGISLATIVE HIRED HANDS WHICH CAN WRITE THEIR OWN SALARIES AND BUM-FLUFFERIES, are not reached…, they will forfeit their office with 30 days notice….

We need to treat these hired hands like they treat their employees… and similar to how many are treated DAILY at their places of employment… where they must show up ( if not their, somewhere ) to dole out their time for the doling of fake currency.

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 7, 2010 at 2:01 pm Link to this comment

godistwaddle, here here…

You and EVERYONE:

How can we ensure the adequate performance of these gentlemen and women we hire to represent us?

A checks and balances system with performance expectations… similar to the expectations put on teachers.

Report this

By johnny, October 7, 2010 at 12:02 pm Link to this comment

Vote Republican like the Cranicks in Tennessee probably did.

Report this

By gerard, October 7, 2010 at 11:52 am Link to this comment

Redhorse:  Thanks for your response.  Onward!

Report this
godistwaddle's avatar

By godistwaddle, October 7, 2010 at 11:42 am Link to this comment

Obama: joined Bush to bail the banks that they may continue their depredations upon the rest of us; expanded Afghanistan—immolating American thugs and Afghan patriots to be re-elected and show himself all manned-up for the Repubs; continues Iraq; continues Gitmo; fails to prosecute the war criminals of the previous administration, making his own even more complicit in their crimes; dithers about foreclosures; expands Bagram, where Afghans and others may be tortured to death by the CIA without any oversight; expands drone attacks whereby American heroes annihilate the wedding parties of innocent (“terrorist”) Afghans by flipping a switch at Nelson AFB; makes sure meaningful health care reform will NOT occur; bails the companies who then coolly outsource more jobs; takes direction from BP; and makes certain real banking reform will not get Citibank’s panties in a twist. In short, Obama joins the powerful in making sure this crisis reduces plain American to the peonage the powerful want. No more unions, no more living wages—just the workers in their place, happy to be wage slaves.

If you voted for Obama, you really weren’t listening. He is and always has been a right-wing tool.

Report this

By Michael Shaw, October 7, 2010 at 9:18 am Link to this comment
(Unregistered commenter)

Watch the films: Hijacking Catastrophe and The Most Dangerous Man in America, then ask yourself what good will a GOP victory of the house and senate do us? Remember one thing, Obama is not yet up for reelection. Progressives should bear this in mind and use their anger later in the next democratic primary. If we don’t show up to at least stop tea party candidates, we are subscribing to a world far worse then the one we’re currently in. Personally and as a progressive, I have no rosy perceptions concerning president Obama and especially some of the corporate flux he has surrounded himself with, including Summers, who by the way is leaving the administration. But to not show up at the polls in this election will be a far greater tragedy. The worst Obama will get from it is a one term presidency followed by some big and easy corporate position. The rest of us will be dealing with a regime of fascist republicans who in the last round attempted to permanently create a one party system.

Report this

By REDHORSE, October 7, 2010 at 9:03 am Link to this comment

Gerard-

      I too like OldManTurtle (don’t remember TaoWalker) and even enjoy MoonRavens expat comments (even when she’s wishing “gringolandia” dead). I’m not Native American (though I was born here). I’m a long way from quit.

      (As an aside let me say that I still see American diversity as one of OUR greatest strengths but feel that necessary “political correctness” has been twisted and infected with an MSM driven narcissistic “me-ism” that prevents dialogue and reduces us all to sterotypes.)

      The old Koan, about the master who asks the pupil, “—Who discovered water?—”, and then admits, though he himself doesn’t know, he is certain it wasn’t the fish, seems to apply to TRUTHDIG theses days. That was the point of my (I admit a little to cutesy) post.

      TD journalists and posters keep gnawing and polishing the granite face of this manufactured lie that has subsumed American Democracy but the lie remains. It is a lie machine that distorts human reality and sucks away personal power while the megalomaniacal vampires who implement it feed on the healty lifeforce of the Nations citizens. It has made us all ill. We’re trying to get well but can’t find or define the “good strong medicine” we need.

      Let me say again that I feel we’re all still reeling from the wound we received from the Obama and Pelosi betrayal. The emotional outrage is palpable. We need clarity, distance, healing, and an inclusive redefinition of our own humanity. I believe the first step is to recognize the “lie” for what it is and stop feeding it by pretending it isn’t a “lie”. A “lie” can’t be fixed. The natural reorganization of Earth has begun and neither God nor Mother Nature play favorites.

      I say, stop reeling from the horror and (as B.Dylan says) “—strengthen the things that remain—”. Stop giving YOUR POWER away and stop being shocked at the deadly baboon antics of Boehner and the like. It’s an airball riff. They deadly to the present are dinosaurs. Those living IDEALS of Freedom and Democracy are eternal. They’re alive inside us. Honor that and you are undefeatable.

      I’m liking where this thread is going on the new possibilities of the VOTE. Thanks for the links (all) and—I’ll catch you on the turn around.

Report this
QuantumBubbler's avatar

By QuantumBubbler, October 7, 2010 at 3:37 am Link to this comment

Who should you vote for then? At this late date! As the nation falls apart? As the world economy unravels?

Haven’t they all let you all down enough? Is it not obvious the only one who deserves your vote is YOU? You! You decide! Do what you feel in your deepest inner being you need to do to survive! Stop depending on others!

At this time, each household can manufacture nearly all the necessities of life on less than an acre. What is failing here is not only political constructs but probably nearly all economically entwined entities. Grow up now! Think of how motivating starvation will be! Get it together before it’s too late!

Report this
LocalHero's avatar

By LocalHero, October 7, 2010 at 12:29 am Link to this comment

My god, listen to the sheep.

“Who should we vote for [Mr. Scheer]?”

Pathetic.

Report this
LocalHero's avatar

By LocalHero, October 7, 2010 at 12:22 am Link to this comment

Sounds like a dandy, gee-whiz gadget Nancy B.

Can’t wait to see it implemented so that we get a whole, brand-spankin’-new group of thugs wielding the power that no one should have.

All you’re proposing is a government with nice, shiny bayonets. All the better to slice & dice anybody who disagrees with your vision of how things should be done. Force is evil - yours as much as the next goon’s.

Report this
mack894's avatar

By mack894, October 6, 2010 at 11:18 pm Link to this comment

That letter from Michelle goes out to everyone who ever donated or signed up on
the web site.  It’s not personal.  She probably doesn’t even know it was sent.

Who to vote for if not the Democrats?  Sadly, there is little choice. The democrats
know this, but they have done such a good job of dampening enthusiasm for them
that there’s a good chance people won’t show up to vote for anybody.  I wish the
dems would have considered their election status 2 years ago instead of at the
11th hour.  If they had, perhaps we would have gotten a public option.

Report this

By diamond, October 6, 2010 at 10:45 pm Link to this comment

Yes, Johhny, indeed. Who does Mr. Scheer and all the others like him suggest everyone vote for? This is the mystery. It’s almost as if they think some gang of illuminati is going to swing in on velvet curtains and save America from having to actually think about their vote. Ouch, oh God, how it hurts the head! If they did think about their vote and the consequences of it for even five seconds there is no way they could possibly vote for the Republicans, given their record on futile, idiotic wars, their tendency to blow up the economy and their stated expectation that they will then be praised for it, plus their ability to lie out of both sides of their mouths on sex, drugs and rock ‘n roll, gays, foreign policy, torture, false imprisonment and surveillance. And I’m sure no voter could vote for the Tea Party unless they’re masochists or morons or both. And then there’s Ralph Nader and other associated losers who will never be the government.

Somehow I just can’t overcome the feeling that Mr. Scheer is name dropping. An email from the beauteous Michelle probably set his pulse racing and he just had to tell everyone. Settle down Scheer, she sends those emails because it’s her job.

Report this

By johnny, October 6, 2010 at 8:22 pm Link to this comment

You’re right Mr. Scheer.  So who should we vote for?

Report this

By sjg, October 6, 2010 at 5:47 pm Link to this comment
(Unregistered commenter)

It is disheartening that you regret donating to help the Democrats. I’m sure you will be even more unhappy when the Republicans have more power in Washington.

Report this

By gerard, October 6, 2010 at 2:38 pm Link to this comment

Redhorse:  Your previous post sounds like a swan song. I hope not.  Old Man Tutrle and TaoWalker already disappeared, and we (I) need you guys to keep hanging in there.  Your input is a lot more valuable than most of the trash that goes up here.
Please give it another think—and speak to those other guys, too, if you know them.

I have no idea myself how many people read this site, or who they are, or where. But something tells me that any good stuff online may reach the people who need it and things will start moving toward a better future for the human race.  I may be crazy, but spirit is all we have, really.

Report this

By abbybwood, October 6, 2010 at 1:46 pm Link to this comment
(Unregistered commenter)

Stephen Lendman adds more to this discussion with this:

http://www.opednews.com/articles/Wrecking-the-American-Drea-by-Stephen-
Lendman-101006-290.html#startcomments

Report this

By Nancy Bordier, October 6, 2010 at 1:17 pm Link to this comment

Gerard and ArchivesDave,

Thanks so much for your interest. I understand completely your frustration because I share it.

I am constantly trying to figure out how to explain the Interactive Voter Choice System (IVCS) in the fewest words possible.

Joe Firestone’s 1000 word piece is the shortest and most concise so far: A Global View of the Interactive Voter Choice System”.

I sometimes wonder how long it took the inscrutable Marshall McLuhan to come up with the term “global cillage”? When am I going to have my “global village” moment?

When you get right down to it, IVCS empowers voters to fundamentally transform our entire political system virtually overnight.

It is far simpler than the current strategies of changing campaign finance laws (which are a legal morass), un-gerrymandering all the electoral districts (a legislative morass), and passing Constitutional amendments to overturn Citzens United versus FEC.

But it does take a bit of reconnoitering to figure out how it works because it is designed to empower grassroots voters to transform an entire political system.

One thing I would suggest is that you might read the home page of the prototype website at reinventingdemocracy.us that I am building around the invention. It’s pretty short and to the point.

If you can come up with short hand phrases that help me describe it better, I will be eternally grateful!

Report this
Napolean DoneHisPart's avatar

By Napolean DoneHisPart, October 6, 2010 at 1:15 pm Link to this comment

You get those emails too Robert?

Hahaha

I stopped opening them after Obama bailed out the Banksters and the coup d’état was completed…. now I just click to delete, I don’t even bother opening them now.

Report this

By felicity, October 6, 2010 at 12:44 pm Link to this comment

SarcasticCanuck - One wouldn’t think that an
imaginary line could separate two groups of people so
completely - the loonytoon group (US) and the common-
sense group (Canadians.) Must be something in the
water.

To the TARP.  The US financial services group (mainly
the Street) for years has been defrauding foreign
countries and investors - selling toxic paper as AAA
stuff knowing full well that it was toxic. That’s
fraud.

In order to keep our economy afloat, for at least 35
years we’ve had to borrow 1/2 trillion dollars from
foreign entities.  If the US government didn’t step
in and ‘make good’ on that toxic paper, it is likely
that our credit rating would have tanked.  When that
happens, a debtor nation (which we are) is in deep
shit.  I frankly think this is the little story that
no one wants to ‘let-out-of-the-bag.’

Report this

By REDHORSE, October 6, 2010 at 12:20 pm Link to this comment

Dear Robert S.-

    I’m so shocked I’m not shocked anymore. My indignation is worn completely out and my amazement no longer stimulates my kneejerk outrage.

    I have “dug” earnestly for the “truth” and my best insight involves baboonus fascis washingtonus, feces and a large electric fan that no sane individual here has the least idea what to do about. I appreciate your willingness to beat dead whores for all it’s worth but a new reality has fallen upon us even professional liars and propagandists can’t whitewash and I fear the prophetic slow train has rounded the bend.

    It is hard to get off a speeding roller coaster alive but I’m gonna try.

    I enjoy your articles on the antics of those hilarious criminal thugs we all do so love to despise. Keep up the good work (and I hope Michelle buys your book).

    I remain non-plussed,your pal-
    Redhorse

Report this

By archivesDave, October 6, 2010 at 12:15 pm Link to this comment

Nancy Bordier:
Gerard and I seem to be the only ones who have taken
the time to peruse the site which has been posted now two times.  Does seem to make sense but I agree with Gerard. Being an oldster myself, (a retired educator- art and history teacher as well as book store owner), perhaps you could simplify things a bit.

Really sad that so many here are bitching but don’t take the time to really explore constructive and creative ideas like yours.

They also rant and riff about the Corporist Bastards w/o an inkling of who the true puppetmasters are.

Report this

By gerard, October 6, 2010 at 11:34 am Link to this comment

Nancy Bordier:  You need to please! please! Boil down and simplify Part II particularly, getting right down to basics as simply as possible. There is too much to read on the site you point to, and it takes too long to get into the meat of how such a system can work.

We desperately need for millions of people to be able to understand this method a.s.a.p. in order to put it to meaningful use.  Younger people may grasp it quickly, but there are too many oldsters among us who need help.

Report this

By rbrooks, October 6, 2010 at 11:19 am Link to this comment
(Unregistered commenter)

Michelle’s job appears to be to wear ridiculous clothes and get her picture taken.

Campaigning, I thought she was at least as effective, dignified, and intelligent as her husband. She has been sidelined and reduced to an embarrassing caricature. Last year’s organic garden photo ops are belied by her husband’s Monsanto-friendly cabinet. Obama’s agriculture and food safety departments are headed by Monsanto shills, and Michelle is out there posing with cute kids and shovels, pretending the Obama administration hearts organic gardening? It’s beyond satire.

This year, getting into pure Republican blame the victim mode, she’s touting exercise as the solution to childhood obesity. Really, Michelle? That right? our kids are fat because they are lazy? Ever hear of sugar and corn subsidies? Ever hear of the addictive effects of fast food? Of course, it takes a lot less courage and class to hector fat kids than it would to expose and confront the predatory corporations that, for profit, are ruining their health.

It is boring to even speculate what goes on in this woman’s mind. But for the Obamas to ask anyone but CEOs and hedge-funders for money at this point shows either a disconnect or a level of cynicism that fries the mind.

Report this
BR549's avatar

By BR549, October 6, 2010 at 11:10 am Link to this comment

Re:  SarcastiCanuck, October 6 at 12:53 pm

Why don’t we ask them all to explain exactly how their voting record has
supported the Constitution and the oaths they sworn, while the Patriot Act,
repealing Posse Comitatus, wiretapping, REX84a, COG, FEMA, rendition have
continually whittled away the fabric of this once great country.

The sad part is that this country had so much going for it that it could have been
great WITHOUT having to resort to its hegemonic drive for absolute supremacy.

Report this

By Micah, October 6, 2010 at 11:04 am Link to this comment
(Unregistered commenter)

The key question in the housing crises is: why is it in the interest of banks and
“loan servicers” to let the mortgage terms “reset” even of responsible people who
currently make their payments, a “reset” which then sets otherwise capable folks
onto the path toward foreclosure?  Answer they make more off foreclosure than
they do keeping responsible homeowners in their homes.
Wrong answer is their houses are “underwater.”  This is incorrect because if the
bank already holds the note on an underwater house then simply extending the
current terms is of no more risk to the bank than it has already assumed with
current note. 
There is no good answer to what the banks are doing.

Report this

By Nancy Bordier, October 6, 2010 at 11:00 am Link to this comment

There is in fact a real and immediate solution to the hypocrisy of elected officials like the president and members of Congress who claim they have reined in the banks when they have in fact bankrolled their profligacy, and set the stage for even greater abuses of the public trust in the future, and the stream of public monies being turned over to them.

That solution enables all Americans who are enraged by the bailouts, and the hypocritical lawmakers now pleading for our votes, to overturn the special interest-backed party system that put them in office and prevents us from ousting them due to the lack of uncorrupted alternatives.

It is a simple web invention that empowers voters across the political spectrum to create transpartisan voting blocs and electoral coalitions that can get control of existing parties, or create new parties, and run winning candidates for Congress and possibly the White House in 2012, once the system is implemented.

Instead of beating our heads against the stonewall of our rigged electoral system, which gives us virtually no candidates except those tainted by special interest money, if we evaluate this web-based invention calmy and cooly, it becomes obvious that it may be the only way that voters can wrest control of Congress and possibly the White House from special interests in 2012 without changing any of the laws that have rigged this system.

What I am proposing may seem like a tall order, but it is not, given the fact that nearly as many people used the Internet as their prime tool for political activism in 2008 as voted in the election.

Polls show that a majority of the American people want to see most Congressional representatives replaced. They “despise” (in the words of Frank Rich) the two major parties and disapprove of their legislative track records because they favor special interests. All these voters need to kick over the table is a simple digital mechanism, like the invention, which they can use to connect with like-minded voters as easily as they use their mobile phones and laptops to connect to friends and family. They can “disintermediate” the political parties just as they have used their phones and PCs to get around all kinds of unnecessary middlemen. 

As I wrote in these pages yesterday, Joseph Firestone recently wrote a description of this invention in A Global View of the Interactive Voter Choice System.

The invention will spawn a decentralized, nationwide network of inter-connected, voter-controlled, voting blocs that can easily and quickly coalesce into electoral coalitions that can either get control of the two major parties or outflank them, at local, state and federal levels. In both cases, their blocs and coalitions can run winning candidates who defeat major party candidates.

These capabilities are further described in 2012: How U.S. Voters Can Wrest Control of Congress from Special Interests, which can be accessed on the prototype website built around the invention, reinventingdemocracy.us.

Leveraging the collective action power of the Internet, in combination with the invention, is a far more effective, near-term solution to voter impotence than long-term and possibly fruitless efforts to change the campaign finance laws and gerrymandering of electoral districts that the Democrats and Republicans have used to rig the system, up-end our democracy and prompt presidents’ wives to write disingenuous emails.

Report this

By Mountain Bear, October 6, 2010 at 10:19 am Link to this comment

We Want(ed) Change!

Report this

By Carol DW, October 6, 2010 at 10:17 am Link to this comment

Amazing for Michelle and her children. They have bought themselves place among the ruling elite at our expense.
She is beginning like Laura Bush; she calls her husband the President and she has the 9 mile stare.

Report this

By gerard, October 6, 2010 at 10:00 am Link to this comment

Thanks, Brent Greenwell! 

And in addition to that: Why would Robert Scheer (who is no doubt completely familiar with all the loathsome techniques for publicizing merchandise) even bother to react to this mass email?  I got one, too, and was also insulted by it but then I realized that it’s not just a way of reaching masses of people quickly (sort of) and a logical result of fanatical belief in selling stuff, but also a sop to people who don’t matter in the least—unless you can drag a little support out of them, preferably money.
  The technique is cheap if you look at it in this light.  But most people probably don’t, and some few of them might be downright flattered.  It takes all kinds, they say—even though there are some kinds that I could cheerfully do without.

Report this

By Chief Salt Patriot, October 6, 2010 at 9:39 am Link to this comment
(Unregistered commenter)

She hates being “first lady” and she is spending taxpayers dollars like she won the
lottery. Now she whats to tell us how to eat. WAKE UP AMERICA! They are taking
our Liberty away one grain at a time.

Report this

By Brent Greenwell, October 6, 2010 at 9:25 am Link to this comment

Ok, I understand our great Hope did not meet everyone’s desires and expectations, but wait until after this election where your failure to support this administration will result in further paralysis of the country. Put a feather in your cap for a job well done. This should lead to a change of party in 2012 which should result in more fodder by which Mr. Sheer can write another book on where everything failed…...which will not provide a thing to get American back to work…....by the way, I like reading Robert Sheer but this logic leads no where…....

Report this

By glider, October 6, 2010 at 9:14 am Link to this comment

Opps, me bad.  Sorry about that Robert!

Report this

By glider, October 6, 2010 at 9:13 am Link to this comment

Good article Chris and thanks for keeping on the crooks.

“this administration has thrown trillions at the banks in the wan hope that they would respond with increased liquidity and mortgage relief”

Just don’t confuse rationalization and cover stories with desire to do good.  Look at reality not hope.

Report this

By SarcastiCanuck, October 6, 2010 at 8:53 am Link to this comment
(Unregistered commenter)

Here is a quote from Thomas Jefferson who I consider the greatest president and one of the premiere founding fathers.“Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny”.It seems from my porthole up here in Canada that you guys could fill your congress,senate and White House with a bunch of chimpanzees and your government would be no worse off.It seems that there is very little integrity and honesty left in your politicians.Greed and lust for power seems the rule of the day.
  What alternatives do you have as well.The Tea Party???They look like a hodgepodge of angry Americans looking for a scapegoat to blame.They have no focused platform or philosophy to draw them together.To they’re credit though,they do know that thier country needs a new direction.However,look at who is leading them.Sarah Palin looks like an ex highschool cheerleader with nowhere near the brains to handle one of the most important jobs in the world.I’m sure you can do better than that,although,she is kinda hot.Do you want her knowing the nuclear launch codes though?That thought sure scares the hell outa me.She might nuke Switzerland thinking it was Syria.She’d probably look gorgeous doing it though….
  Heres an idea for your next election.Make up a list of questions about things that are important to most of you wonderful yanks.Silly things like,jobs,education,crime,war,defecit,environment,inflation….You know,those goofy unimportant things that are only important to the majority of working class folks.Next,take every candidate running for office,hook them up to a lie detetctor and ask them the questions and see what the lie detector says.You could probably make a reality t.v. show out of it so the mass populace can see what thier elected officials are like under real scrutiny.Call it something like ‘Reality Check’,‘Candidate or Scammer’,‘Our Lying Elite’ or my favourite ‘The Senate or Wal Mart’.The host would have to be Stephan Colbert because nobody epitomizes the farce of politics these days like he does….I bet it would be the most popular series on t.v…Good luck my Yankee friends and remember,nothing scares us Canadians more than 300 million pissed off Americans who can buy assault rifles at the corner store.

Report this
BR549's avatar

By BR549, October 6, 2010 at 7:37 am Link to this comment

Is anyone still wondering what happened to all that Hope and Change?

Scheer couldn’t cover all the aspects of this complex financial debacle. To do so
would require text enough for yet another book, and who is going to want wade
through that on an expectedly short web article format?

My hopes are that Scheer will soon be tying all of these articles together with a
blistering expose’ of the misanthropic sociopathy of the Bilderberg mentality.

Report this

By Steven M, October 6, 2010 at 7:28 am Link to this comment
(Unregistered commenter)

What about the recent news/revelation/spin that the TARP will only cost taxpayers $50 billion or so.

Will someone explain.

Report this

By the worm, October 6, 2010 at 7:25 am Link to this comment

Republican principles call for a government that protects the wealthy and the
corporations first.

Democratic principles call for a government that protects the middle class and
governs in the public interest.

Here are the decisions and actions Obama has made in the last sixteen months;
Obama has:

1. Gutted real financial reform (no Glass-Steagle, no ‘too big too fail) –
2. Rejected the only health care option that would simultaneously extend
coverage and cut costs (single payer) -
3. Supported a stingy stimulus (one-third tax breaks) -
4. Doubled-down & accelerated the Bush bailouts -
5. Escalated a fruitless war in Afghanistan -
6. Not helped people in bankruptcy & needing mortgage remediation -
7. Not passed a jobs bill & had trouble extending unemployment compensation
-
8. Ignored previous Republican profligacy, crimes, misdemeanors -
9. Used “Heck of a Job, Timmy” to promote low taxes for the wealthy on capital
gains, dividends and ‘carried interest’ –
10. Sand bagged a budget balancing commission with Alan Simpson, a Max
Baucus clone, sent in to gut Social Security

Question: Do you think these decisions and actions reflect Republican or
Democratic principles?

Answer: Obama, please, step down in 2012 so a Democrat can run under the
Democratic banner.

Report this

By Hank Van den Berg, October 6, 2010 at 7:18 am Link to this comment
(Unregistered commenter)

Thanks, Bob, for again pointing out the shameful state of the Obama administration.  But I do wish you would drop the suggestion that Michelle, or anyone in the White House, is unaware of the lies they are telling. 
The Obama administration, and that includes the very savvy Michelle, is the greatest public relations coup for corporate America since, well, the Clinton administration.  It seems that the corporate elite hires a “progressive” to occupy the White House every once in a while in order to keep the clueless “progressive Americans” quiet.  It has worked wonderfully well so far, if the deafening silence of my Democrat friends is any indication.  If Bush had done half the things Obama has, my friends would have been screaming.  Instead, only silence.  What part of Michelle’s husband’s “amazing journey towards progress” can’t they see through?

Report this

By grumpynyker, October 6, 2010 at 7:15 am Link to this comment
(Unregistered commenter)

Poor Robert Scheer; pretending to be hurt because the
colored person you “voted” for isn’t up to your
expectations.  Why I don’t know; he hasn’t dismantled
that Zionist experiment in Palestine, he
expanded/privitizing military invasions/occupations in
Eurasia,refused to back universal, single-payer
Medicare-for-all, didn’t do shit to alleviate
suffering for displaced victims of Katrina and Haiti. 
Barry and Arnie Duncan are destroying public schools
in favor of for profit non-educating test-taking
charter schools that suck off taxpayer monies,prefers
“religious” hustlers/prosperity preachers to
liberation theology preachers, failed to elevate the
sexual preferences of upper-class degenerates to that
of every-second experiences of black Americans.  Need
I GO ON?!

Report this

By jleman, October 6, 2010 at 7:03 am Link to this comment

When will a banker be arrested, his family’s wealth be collected, for their criminal behavior? Same as Ken Lay. Ken conveniently had a “heart attack” and his family got to keep their ill-gotten gains even though a court had found him guilty. How many people on death row will die for the convenience of government, and bankers and other white collar criminals get a free pass? Progressives need to get really angry. This is clearly a war, waged by the government against a group of citizens utilizing and expressing their rights guaranteed by the highest law in the land. And, if you think you stand a chance in the court system, just remember that since the Eighties, illegalities committed by prosecutors overwhelmed the court system to the point that the judges turned a blind eye to their criminality. And, over seventy-five percent of the judges in this country, are ex-prosecutors.

Report this

By madisolation, October 6, 2010 at 6:56 am Link to this comment

Robert Scheer writes:
“Surely she knows that this administration has thrown trillions at the banks in the wan hope that they would respond with increased liquidity and mortgage relief…”

No. This administration threw trillions at the banks in the wan hope they would give to the Democrats in the midterm elections. Well, Surprise! Surprise! Wall Street is siding with the Republicans this time around.
In other words, the Obama administration got greedy: it thought it could have both the people and the banks. Now it has neither. Same goes for health insurance, defense, and oil. They didn’t fight even one major industry, and now they have nothing to run on but “Republicans are Worse!” The sheer stupdity is stunning.

Report this

By Michael Heynz, October 6, 2010 at 6:43 am Link to this comment
(Unregistered commenter)

No wonder I dont’ consider myself a ‘progressive’.  I actually understand the political process.

Report this
G.Anderson's avatar

By G.Anderson, October 6, 2010 at 6:42 am Link to this comment

No, No, No…......Nothing has been accomplished under Obama but wasted time, and
no amount of lies can change it. No amount of spin, no amount of wishful thinking,
rationalization, prevarication. Just another Jimmy Carter, preaching at people..while the
country heads deeper into the unknown.

Wall street loves him, so do the corporations…because their profits are at an all time
hIgh. And he did it without sending anyone to jail, except for one lone scapegoat,
Bernie Madoff. Who will eventually Join Ken Lay, in Patagonia at Bush’s hacienda
there.

Those posters depicting Mr . Obama as the joker, were prescient…..Why so serious
Michelle?

Report this

By AS, October 6, 2010 at 6:22 am Link to this comment
(Unregistered commenter)

THANK YOU Mr. Scheer!!!

I have printed and saved (for posterity!) Your Sep. 14/2010 column, titled “After Summers Comes the Fall,” on the subject of Mr. Lawrence Summers, “The man (who) has no shame and has uttered not a word of contrition over his sorry record.”

I have pasted on the printed pages of Your column, all three pronouncements that the Newsweek had published on Oct. 4/2010, after his resignation:

A) “History will judge that a profound crisis that might not have been contained was contained,” (said Mr. Summers after announcing his resignation.)

B) “SUMMERS Imperious WH economics boss goes back to Harvard. At least he’s got a job.”

C) “It’s great news for Harvard; I think it’s good news for Larry; I am not sure it’s good news for the country,” (said Richard J. Zecckhauser, Harvard Professor of Political Economy).

Report this

By archivesDave, October 6, 2010 at 6:20 am Link to this comment

As usual, Scheer drags out the MSM puppets that supposedly are responsible for this mess.
He gets an ‘F’ for not going to the top of the feeding
trough and exposing who the fundamental owners and puppetmasters are who pull Obama’s, Bernanke’s, and Geithner’s strings.

Report this

By Paco, October 6, 2010 at 5:59 am Link to this comment
(Unregistered commenter)

I find myself somewhere in-between on Obama and on the Democratic Party generally.  Certainly I am disappointed that they have not accomplished more, but I temper this with the fact that they have had only two years to deal with all of the damage that Bush did in eight.  Maybe they need more time.  Certainly I do not want the Republicans to come to power again.

But when they did act, why did Democrats not act with more enthusiasm?  Why did they not go for a single-payer health care system? Why did they not put a moratorium on foreclosures? Well, maybe I don’t fully appreciate the problems in doing that; Obama is, after all, President and not dictator.  He has both formal and informal constraints on his power; I have not walked a mile in his shoes.

Still, the many requests for contributions that Sheer refers to come from the DSCC.  Like Sheer, I have not responded to them but because of the corporate ties of that organization not because of disappointment with Democrats generally; instead I have made my contributions to individual candidates and to progressive groups like MoveOn and ActBlue.

Report this

By morristhewise, October 6, 2010 at 5:55 am Link to this comment

This president is like a child that has learned to talk and still has not learned to
walk. He speaks about the toys across the room but does not know how to get
them. The nation needs a president that can talk and also walk.

Report this

By StormeeATL, October 6, 2010 at 5:25 am Link to this comment
(Unregistered commenter)

I agree Watching Wal-Mart At Midnight - we need Glass Steagell re-instated in
the worst way, but why is no one really talking about that more? The
Republicans are pimping for votes pushing fiscal responsibility and I don’t
think I have heard any of their candidates talk about re-instating GS - and
nothing from the other side of the isle, either. The only time the Republicans
mention it is to further bash Clinton since he signed the bill repealing it (I
guess they forgot or want others to forget that the act repealing GS was
authored by Republicans and resoundingly voted for by Gingrich’s Congress)
They are just hitting their anger points to fire up their bases. Maybe the Dems
need to go after this issue and make sure they educate the public on what the
repealing of GS did to the economy and the importance of re-instating it if we
are going to stave off another collapse.
Also, don’t know where Obama is getting his economic playbook from, but
giving billions to the banks to get them to loosen credit markets and get
liquidity flowing sounds suspiciously like trickle-down economics to me. Bush
was a huge practitioner of tickle-down economics, the tax cuts for the wealthy
a perfect example. When are both sides going to realize that TDE DOES NOT
WORK - when you give that extra break to the wealthy or the top corporations
very few of them create jobs or more opportunities with it or allow the money
to trickle down. They not only hoard it but they use it for sketchy investments
to create more wealth for themselves - which also does not get tickled down.
But if their investments blow up in their faces, they have their hands out for
more money from the taxpayers. So both sides have actually put us in a
trickle-UP economy, and we are not seeing a return for it. So bring back SG and
get TRUE Wall Street reform, indict, convict and throw the true thieves that
caused this mess into prison and start sending messages. This cycle of wanton
greed, heartlessness and stupidity needs to be broken. There was a time not
that long ago when corporations did take care of their workers and keep them
in for a bigger slice of the pie to keep production and services at a high level,
and to keep money flowing from the bottom portions. That era with few
exceptions is gone (check the Kohler Company’s history for an example of how
corporations should be run) - but it has got to a point where nothing less than
targeted government intervention is going to break this viscous circle. It is sad
that it comes to this in a free market democracy, but if something drastic is not
done soon a double dip recession could be the least of our fears

Report this

By FiftyGigs, October 6, 2010 at 4:58 am Link to this comment

And furthermore…

Michelle’s hawking her book is no worse than those obnoxious pop-ups on this site, pop-ups I can’t seem to stop, by the way.

Typical “progressive” philosophy. Whine about what you can control (i.e. delete and/or unsubscribe) while pushing something ALWAYS intrusive out to others.

Is there anybody you won’t trash, Bob? What’s she ever done to you?

Report this

By FiftyGigs, October 6, 2010 at 4:49 am Link to this comment

It’s sad what passes for “progressive”. Scheer use to be an intellectual powerhouse. Now, he’s just lazy. I beg your pardon, he DOES exert himself to open email, evidently the source of his authoritative scrawls.

Compare and contrast.

For eight years, Bush failed to deliver on the conservative agenda. He raised debt, expanded government, lost the World Trade Center, went Sharia and pro-Muslim, failed to cure homosexuality, or outlaw abortion.

To this day, conservatives fight tooth-and-nail that he’s the greatest President ever, simply because he was their President. Instead of whining “you’re not the boss of me”, conservatives are turning out to vote in record numbers, resulting in an amazing, immediately propagation of conservative candidates dedicated to the more radical of conservative ideas.

Then there’s this side.

Wherein President Obama actually DID accomplish significant parts of the liberal agenda in less than two years, is asking his supporters for more support (i.e. that means, elect progressives) and more participation in governing and pushing the weak liberal majority forward, and the response is to trash him, whine “You’re not the boss of me”, sit out the election…

... and expect something progressive to happen.

On this so-called “progressive”—gosh, I cringe every time I use that self-serving, snobbish term—blog, I read more anti-government crap than on a Red State site, and I learn more about Palin’s and McDonnell’s philosophy than I EVER read about any progressive person or any progressive idea.

Are you for single-payer? Great! Now, name one current political figure, Democrat or Republican, who does too.

Can’t? Shame on TruthDig!

Report this
BarbieQue's avatar

By BarbieQue, October 6, 2010 at 4:32 am Link to this comment

Mr. Sheer deserves much credit for criticizing the democrats as well as the R’s. I’d imagine it might be a little harder than it looks.

Also, a super performance on CSPAN the other night by Mr. Sheer. It’s obvious that he’s still as sharp as he was when he was criticizing the Reagan war machine in the early ‘80s. Well worth the time to watch.

Report this

By Steven Podvoll, October 6, 2010 at 4:12 am Link to this comment
(Unregistered commenter)

I find it terribly unfortunate when Progressives become the perfect enemy of the
good.  Such sentiment suggests a preference for maintaining ideological purity
over passing legislation and it sadly characterizes our generation’s wish to remain
perpetual adolescents who mistake intransigence for strength.

Mr. Scheer:  The hero in Paddy Chayefsky’s frighteningly prescient tome was not
Howard Beale, you know.

Report this

By dsmith, October 6, 2010 at 4:11 am Link to this comment
(Unregistered commenter)

Yeah, when I got my email I wanted to respond…Hey Michelle, your husband is killing young girls,not unlike your daughters, everyday. Of course, these are young muslim girls who are bombed into small pieces by US drones, sometimes killing entire families.

Oh…I did read that your husband doesn’t support the war but that it wouldn’t be a smart politics to pull out of Afghanistan. And NO, I won’t be sending you any money!

Report this

By eir, October 6, 2010 at 4:03 am Link to this comment

Obama is a tool of the oligarchs.  I thought so when I voted for Nader (quaint idea of voting your conscience, ya know) after looking into just what grand things Mr. Charm had actually accomplished and came away with the verdict “not much!”  He was the most expensive, slick presidential ad campaign in our nation’s history by some bastards that thought he was worth it and that’s it.

Well, he’s been worth it alright, for Wall Street who made him possible. 

When are we going to get an FDR who knows how to defend the population against the oligarchs who tried to assassinate him (they got Cermak instead) and overthrown (But, Gen. Smedley Butler was a patriot).  But, no, we get this crumb bum whore, make-believe president who gives us this:

Watching Wal-Mart at Midnight

GLASS FRIGGING STEAGALL NOW, while we still can.

It Can’t Happen Here?  Want to bet?

Report this

By Inherit The Wind, October 6, 2010 at 4:02 am Link to this comment

You got an automated email.  What’s the big deal?  Press <delete> or the big X and be done with it.

Report this
Newsletter

sign up to get updates


 
 
 
 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
© 2013 Truthdig, LLC. All rights reserved.