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The Rubin Con Goes On

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Posted on Aug 10, 2010
Rubin
AP / J. Scott Applewhite

Former Treasury Secretary Robert Rubin testifies on Capitol Hill on April 8 before the Financial Crisis Inquiry Commission, which was seeking an accounting of decisions that inflated a mortgage bubble and triggered the financial crisis.


Q & A - Live Chat with Robert Scheer


A live Q & A session related to this column took place on August 12, 2010 at 11:00 am PT.

Click here to view the transcript.


By Robert Scheer

The corruptions of journalism were on full display when CNN’s Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused. I was trapped on a treadmill in front of an overhead television and unable to turn the thing off in time to avoid this assault on my mental and physical health. 

As a result I was forced to hear Rubin, Bill Clinton’s treasury secretary, insist that he always favored regulating toxic derivatives and is therefore not at all responsible for the ensuing economic meltdown. He was responding to the sole critical question from the CNN host, who quoted a question by New York Times columnist Paul Krugman: “Did all the senior members of the [Obama] economics team have to be protégés of Robert Rubin, the apostle of financial deregulation?” Unfortunately, Zakaria just rolled over when his guest simply lied in response:

“First of all, I am not the apostle of financial deregulation. Quite the contrary. On derivatives … I developed a deep concern about the systemic problem that was created.  When I was back at Goldman Sachs, it was a concern I had … a concern I had when I was in government.  And in fact, when I wrote my book in 2003, I was so concerned about it that I actually included that discussion in there.”

Zakaria ended the show recommending it as his book of the week: “He wrote a great memoir that covered his two distinguished careers, both … on Wall Street and in Washington. … It was written with Jacob Weisberg, a great writer, the editor of Slate, and the two men weave a compelling tale that has many lessons for today.” 

To be charitable, I will assume that Zakaria has not actually read that book, which omits any discussion of the radical deregulation legislation that Rubin ushered through Congress and got the president to sign. Bill Clinton is on record stating that he got bad advice from Rubin and his handpicked successor, Lawrence Summers, on derivatives regulation: “On derivatives, yeah, I think they were wrong and I think I was wrong to take it,” Clinton told ABC News last April 10. 

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Rubin and Summers were responsible for forcing Brooksley Born out of the Clinton administration because as chair of the Commodity Futures Trading Commission she had the temerity to suggest regulating the mortgage-backed securities that eventually proved to be so toxic. Instead, Rubin and Summers pushed the Commodity Futures Modernization Act, which Clinton signed into law in his last month in office, categorically exempting those suspect derivatives from any government regulation.

By then, Rubin had moved on to a $15-million-a-year job at Citigroup, which became a prime exploiter of the subprime housing market. As a result of its massive involvement with toxic securities, Citigroup, with Rubin in a leading role until early 2009, had to be bailed out by the federal government with a $45 billion direct investment and a guaranteed Fed protection for $306 billion in potentially toxic assets.

Citigroup, a merger of the old Citibank and Travelers insurance company, was made legal only by the Financial Services Modernization Act, which Rubin backed while treasury secretary. Then, in one of the most egregious conflicts of interest in U.S. history, he went to work for the new bank, which took advantage of the changes in the law to buy up the infamous subprime lenders, beginning with Associates First Capital. The Economist magazine wrote of that purchase that “it extends Citi’s already huge credit card operation to a lucrative new niche (price insensitive, if default prone, borrowers)” and questioned whether investors would see Citi’s bold new venture “as something smart, such as ‘evolved credit extension,’ or something seamy such as loan-sharking.”

Rubin was a major proponent of the firm’s seamy expansion into the mortgages that proved to be toxic, and by 2007 Citigroup was the second-largest subprime servicer, after the only slightly more infamous Countrywide. As The New York Times pointed out on Nov. 22, 2008, after a decade of flattering portraits of the man, finally acknowledging Rubin’s role in Citi’s disgrace: “The bank’s downfall was years in the making and involved many in its hierarchy, particularly [CEO Charles O.] Prince and Robert E. Rubin, an influential director and senior adviser.”

There is much more, and I haven’t even touched on Rubin’s shameful role in Enron’s shenanigans. Enough said, though, to question not only Zakaria’s journalism but, far more important, Barack Obama’s leadership in first turning to Rubin as a key campaign adviser and then putting his disciples in charge of the U.S. economy.


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 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.



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By WOWzah!, August 15, 2010 at 6:57 am Link to this comment
(Unregistered commenter)

There’s almost no point in belaboring that slimeball Robert Rubin and his jock-sniffers. What’s needed is not a far-left view of Obama as the leftish stalking-horse of international banking, but a solid grasp of the personality type of Rubin, Summers, wee-Bush and even Obama (though the jury may still be out).
You get it in Morgan Ibarra’s novel, Scamming God. It really groks how things work/happen and the forceful personality type behind the vampire bankers and their towel-boys—our politicians. It WOWed me. And everybody can understand it!

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By MarthaA, August 14, 2010 at 4:40 pm Link to this comment

archivesDave, August 14 at 4:45 am,

It is clear. 

It costs $25. for membership in the Democratic Party per year and a Membership Card with your number has to be requested every year, by writing on your check and/or in a letter that the payment is for your Membership Card, with constant reminders by phone that you are waiting for your Membership Card, or they will completely ignore giving you a Membership Card.

If you contend for your Membership Card based on your payment for your Membership Card, they will eventually send you your Membership Card.  The Democratic Party does not like to give out memberships, because the more members the more control they could lose, so membership is not something they promote, but is absolutely necessary.

When the Democratic Party sends you your Membership Card, then and only then are you a member of the Democratic Party, and as a member you can get involved and vote in the goings on of the Democratic Party.

If the majority populace would not split off like a bowl of worms into Independents, Greens, Republicans, and who knows what, but would unite as voting card carrying members in the Democratic Party we would be able to take the party over and get our country back from the corporate fascists, it is really that simple.   Short of a bloody revolution declaring a new republic, the take back will have to come through the Democratic Party.

No member of the populace has enough money to be a real card carrying member of the Republican Party, because the Republican Party doesn’t actually represent any part of the Left, much less the common populace, they only represent the Right, which is the autocratic elite and corporate capitalists—all common populace are cuckolds in the Republican Party, nothing else.

The Democratic Party in and of itself is not equal to the Republican Party, because the Professional Left leadership of the Democratic Party have divided themselves from the Common Populace; the Professional Left only have their power through corporate fascism; once the common populace unites, fascism won’t have a chance.  The Democratic Party is the political party that the 70% Majority Common Populace have the political right to reclaim and remake in all States and Providences of the United States.

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By DBM, August 14, 2010 at 4:02 am Link to this comment

Felicity,

I’m no fan of Milton Friedman but I expect that he believed in his own theory and in the models he created there is a logical underpinning to supply side economics.  While supply side “trickle down” has not worked anywhere, the antecedent to the greater investment which is supposed to be the benefit of supply side economics is to enrich the investing class.  As a result, the investing class never wanted to notice that the theory didn’t work in practice (after all if worked for them).  That said, Friedman did say explicitly that there are times when governemt ought to intervene in an economy:

“[T]here are only three major grounds on which government intervention is to be justified. One is “natural monopoly” or similar market imperfection which makes effective competition (and therefore thoroughly voluntary exchange) impossible. A second is the existence of substantial “neighborhood effects,” i.e., the action of one individual imposes significant costs on other individuals for which it is not feasible to make him compensate them or yields significant gains to them for which it is not feasible to make them compensate him–circumstances that again make voluntary exchange impossible. The third derives from an ambiguity in the ultimate objective rather than from the difficulty of achieving it by voluntary exchange, namely, paternalistic concern for children and other irresponsible individuals.”

-Milton Friedman, “The Role of Government in Education.”  (this is quoted in an interesting article http://montrealphilosophy.com/neoliberalism-the-misunderstood-ideology/)

If we are to take Friedman at his word in this quote, a natural monopoly (like a utility network - phone or power) shouldn’t be privatised.  Polluters (like blowing up mountain tops?) would be controlled, and presumably prevented from operating, by a responsible government.  Similarly, putting education in private hands would not be good. 

His theories have become the basis for the economic beliefs of Libertarianism.  However, they’ve been twisted so that the point is not stimulating investment by ensuring investors are incented.  It is rather that the investor class should get many benefits whether they invest or not.  It has been twisted so that there is an assumption that all things government are bad ... all things “private sector” are good.  Of course, it has also been twisted so that the “private sector” has become synonomous with “big corporate” while smaller business people and investors have been getting the same shaft as the working class.

Granted, it is hard to defend Friedman.  As a serious economist and academic he should have noted and admitted that his theories were disproven over and over again.  He should have pointed out that the policies they spawned were being twisted to suit the desires of the rich without actually encouraging investment or economic growth.  He should have realised that the change in the economic structure ensured that any growth that did occur was absorbed by the investor class with no benefit to the rest of the population.

Unfortunately, it seems that everyone is human and he grew to like being the “pre-eminent economist of his time”.  He was probably the best known academic of his era and he enjoyed the influence and prestige that brought with it.  A pity about the wreckage all that “trickle down” BS has caused.

Nonetheless, I don’t see Friedman as the villain in this story.  The villains are the corporate bosses and their political puppets who have drowned out other perspectives and taken over government with an avalanche of cash.

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By archivesDave, August 14, 2010 at 12:45 am Link to this comment

MarthaA:
This does make considerable sense but I would posit
that it is not as clear as you care to define the
problem….
Take another gander at the quote I posted from Pres.
Woodrow Wilson.  The basic issue has been festering
since the founding of the Federal Reserve and actually goes much farther back as per the statements of Lawrence Baker.
Once again, I must emphasize, nothing will change fundamentally until we get COMPREHENSIVE Campaign
Finance Reform and strict regulation of lobbying.

And time is of the essence since the Elites are continuing to get a firmer death grip on all of us.
From what I can ascertain, Salbuchi has/is not addressing this issue at all.

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By MarthaA, August 13, 2010 at 11:02 pm Link to this comment

archivesDave, August 13 at 11:15 pm,

I agree with “Adrian Salbuchi”, but that will be more difficult than my idea of unifying mass voting membership and taking control of the Democratic Party.  First we must try to take back the Democratic Farmer and Labor Party.

In answer to a poster relative to the Professional Left, here is a post I made on the Common Dreams thread, ‘Professional Left’ Not Ready to Back an Obama Primary Challenger in ‘12 by Sam Youngman: 

(Page 1 of 2)

Elected leaders should listen to their constituents. That’s how it’s supposed to work, and that IS how it works; just a different constituency. The 70% Majority American Common Populace constituency is NOT the constituents of the Professional Left, the New Class of Academic Professionals that divided themselves out of the 90% Common Populace and formed their own 20% Professional New Class constituency, a New Constituency, a New Class, the Professional Class, the Professional Left, and represent the Professional Left’s New Class Constituency; and humor, without representation, the 70% Majority Common Population. The United States has “legislation without representation” literally for the 70% Majority Common Population, the American Populace.

When the New Class secretly separated from the rest of the population, it made a remarkable and befuddling difference in representation, because no longer did the 70% American Populace have any objective representation from the Democratic Party and the Republican Party has NEVER objectively represented the American Populace.

The 70% Majority American Common Populace at present are in need of representation, and have been in need of representation ever since the Conservative Revolution in 1980 when representatives of the Democratic Party quit representing the American Populace and formed their New Professional Left Class constituency and changed the name of the Populace Left’s Party from the Democratic Farmer and Labor Party to the Democratic Party, as I remember in 1952 the populace’s political party was the Democratic Farmer and Labor Party, but they no longer wanted to represent labor and farmers.

Now the United States has the Elite Capitalist Class constituency on the Right represented by the REPUBLICAN PARTY; the Professional Left’s New Class constituency on the Left represented by the Conservatives and Moderates that call themselves Liberals in the Democratic Party (and there are a few real liberals but they are seldom allowed to talk); and the 70% Majority American Common Populace no longer have representation at all, all because of the New Class of the Professional Left, supported by the DLC, Democratic Leadership Council, that’s supported by the REPUBLICAN Right; and the 70% Majority Population of the American Populace, although registered party members, are not constituents of the New Professional Left and are left with no choice other than BACKLASH between the Democratic Party and the Republican Party, neither of which represent the 70% American Populace; but there is more meat on the bone from the Conservative Professional Corporate Left than there is from the Elite Corporate Capitalist Right, the Bush administration made that really plain.

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By MarthaA, August 13, 2010 at 10:55 pm Link to this comment

archivesDave, August 13 at 11:15 pm,

In answer to a poster relative to the Professional Left, here is a post I made on the Common Dreams thread, ‘Professional Left’ Not Ready to Back an Obama Primary Challenger in ‘12 by Sam Youngman

(Page 2 of 2)

If the 70% Majority American Populace who are currently DIVIDED and CONQUERED, as separate groups of populace Republicans, Democrats, Greens, and Independents, would UNITE as the WHOLE of the 70% Majority Common Populace in the Democratic Party and require voting membership, we would have the vote and could turn the tables on the Professional Left and reclaim the Democratic Party for the American Populace and bring back representation of the American Populace; change the party’s name back to the Democratic Farmer and Labor Party like is should still be; either that or get legislation passed to form a new political party to represent the 20% Professional Left’s New Class of Academic Professional traitors to the American Populace.

I consider as traitors to the Left-Wing Majority Common Population of the United States, all duly elected leaders of the 90% Majority Common Population that secretly formed the New Professional Class constituency and began representing that 20% constituency, as if it was the whole, and have NOT represented the whole since around 1980 when the New Class was formed; there in lies the long and the short of the problems in the United States for the 70% Majority Common Population, the American Populace, and is why the Middle Class is dwindling down to only the 20% that are now being represented, as the MIDDLE is the 20% New Professional Class, as the New Class is the Middle, and all the rest is hogwash. It is plain to see no one is being represented other than the Nobles and the Nearly Noble Professionals.

The leaders of the Left deserted the American Populace Majority and formed the Academic Professional Left to have an elite class in the Democratic Party equal to the Republicans, and chose to fool the majority populace into thinking they are being represented, and NEVER represent anyone of the American Populace, only their own Professional Left constituents, like the Republicans; after all, half of the populace think the Republicans represent them, so why not?

All populace members of the REPUBLICAN PARTY are cuckolds, but the Democratic Party can be changed if the 70% Majority American Populace choose to do so.

The Professional Left call themselves Neo-Liberals. Neo-Liberals are Conservatism’s Conservative Corporate Professional Left’s Academic Professional Class conserving the money of the Nation from the 10% Elite Capitalist Class AND the 70% Majority Common Populace; leaving the 70% Majority American Populace with only a bone, if they are lucky. The Neo Liberals Professional Left are (Conservatives and Moderates) in the Democratic Party, NOT Liberals at all. The few liberals left in the Democratic Party still represent the American Populace as a whole, but the New-Liberals of the DLC, the Neo’s, only represent their NEW CLASS conservative Professional Left constituency.

Randal Rothenberg wrote a book called “The Neo-Liberals” of the Professional Left about how this New Class has chosen to represent the rest of the populace from a separated class, which doesn’t work for anyone except the Professional New Class, as the 70% Majority American Populace gets left out altogether. The 70% Majority American Populace was traitorously sold out by out leaders, which divided the Democratic Party, absolutely.

Also, Barbara Ehrenreich wrote a book called “The Fear of Falling” which documents this Professional Left New Class of traitors to the 70% Majority American Populace as well.

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By archivesDave, August 13, 2010 at 7:15 pm Link to this comment

Whether or not you agree with Adrian Salbuchi, it would be a good idea to peruse his proactive plan of action for ALL of America to take our governments back:
http://bit.ly/f6ddVN

Note:
THIS IS RIDICULOUS!!!: Truthdig censored me from giving the complete report directly from Salbuchi.
This link above may or may not be accepted OR workable.
If not, just google “Adrian Salbuchi” and pull it up for yourself.

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By archivesDave, August 13, 2010 at 6:58 pm Link to this comment

The Bible discusses: “There is really nothing new under the sun”...
And to underscore this message, it emphasizes that ultimately, we are not dealing with governments and corporations but ‘Principalities and Powers’.

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By archivesDave, August 13, 2010 at 6:48 pm Link to this comment

For Those of You (like Martha/Thomas), who are still blind to the ulterior nefarious motives of BOTH parties and don’t see just how far down the NWO path we have ventured, here is a quote (Martha), by one of
your stellar ‘luminaries’ President Woodrow Wilson:

DID PRESIDENT WOODROW WILSON REALLY SAY THIS? YES HE DID IN HIS BOOK,  THE NEW FREEDOM, published in 1913, the same year as the Federal Reserve Act.

“Some of the biggest men in the United States, in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.

“They know that America is not a place of which it could be said, as it used to be,that a man may choose his own calling and pursue it just as far as his abilities enable him to pursue it; because today, if he enters certain fields, there are organizations which will use means against him that will prevent his building up a business which they do not want to have built up; organizations that will see to it that the ground is cut from under him and the markets shut against him. ...

“We have not one or two or three, but many established and formidable monopolies in the United States. We have, not one or two, but many, fields of endeavor into which it is difficult, if not impossible, for the independent man to enter. We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world – no longer a government by free opinion, no longer a government by by conviction and the vote of the majority, but a government by the opinion and duress of small groups of dominant men.”
The End Game is all around us now and all of us need to do as much homework on the Net as possible since I think the days are numbered when we can youtube the ilk of Alex Jones, Icke, Max Jordan, Salbuchi, Griffin, Chomsky, Zinn, Manly Hall, Blavatsky, and perhaps Orwell, Hegel, Marx, Hagger, Fitts, etc.

‘ordo ab chao’

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By archivesDave, August 13, 2010 at 6:31 pm Link to this comment

Lawrence Baker:
All I can add to your comments is a big fat AMEN!!!!!
btw, keep your eye on how the MSM will be stoking the racial fires this Fall with the movie coming out called ‘Machete’. (you can youtube the trailer)..
Also G Edward Griffin has a good article from Infowars on La Raza showing how racist they are and disclosing their ulterior plans to take back much of the Southwest.
Looks like a lot of ‘fireworks’ are gonna start just before or after this Fall’s elections.

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By Lawrence Baker, August 13, 2010 at 2:31 pm Link to this comment

This joke is so funny; I know ¾ of you got it the first time I told it but let me retell it for the ¼ that didn’t get it.

We have all heard of the shadow government (the government inside the government) that is made up of the elite Council on Foreign Relations and the super-elite Trilateral Commission.

This is the World Banksters and Big Oil criminal gang, through Bush/Obama presidential signing rights and back door trade agreements that brought us global Keynesian “Free Trade” economics of multinational corporatism that destroys Adam Smith’s “Free Trade” (fair trade) American Main Street Capitalism, fair competition, and free enterprise.

We all know how criminal back door, secret global trade agreements have worked against the United States of America over the last 20 years; now don’t we?

Plotting to covertly overthrow our Independence as a Nation is Treason.

Plotting to overthrow our American Democracy with World Totalitarian governance is Treason.

Plotting to bankrupt our Treasury and enslave the American People to indentured debt is Treason.

The Trilateral Commission and CFR Treason go on uncovered today in the main stream Media; here is a good example of Bush/Obama administration’s agenda and the use of backdoor Presidential Signing Rights to carry out their bidding.
 
This is how Obama is side-stepping the Senate via Executive Order, and will implement UN Law of the Sea regulations AS IF the treaty were ratified.

http://bit.ly/e3Um5t

Any way, back to the Joke and this article, you see, both Rubin and Zakaria are loyal members of the super elite Trilateral Commission and partners in crime. Both are multi-millionaires from their shoddily gotten booty.

Rubin, if course, was one of the main Bankster shysters in the greatest robbery of all time that has bankrupted America and has enslaved each and every one of us with National debt. This World Bankster criminal is not behind bars, he is in charge.

http://www.usdebtclock.org/

Zakaria is an ex-banker who is high profile in the Media and his Trilateral job is to shine and spin the New World Order propaganda agenda. He is good at it; in fact, I notice that several of our readers swoon to the snake charmer. It must be the way he bats his eyes.

Here are two gang member criminals who have conspired to commit the greatest robbery of all time and have been successful in bankrupting America with their larceny without one of their gang being brought to Justice.

From the article Rubin Con.

“Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused.”

I find that hilarious, don’t you?

Now that we have had our little laugh, how and when will we fight back?

To answer that question we need only to look to the battlefield and I smell power along the U.S/ Mexican border. We have a Mexican Stand-off between Arizona and the U.S government.

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By Lawrence Baker, August 13, 2010 at 2:26 pm Link to this comment

Part 2
INTEGRITY is not dead and great men are still alive who have yet to fight, the battle has just began; they are making a stand in Arizona for state rights. Really, the battle is about the Obama/Bush administration refusing to enforce illegal immigration from the narco-state of Mexico.

The American battle goes beyond Democrat vs. Republican or Liberal vs. Conservative; what we all have in common is our American Constitution and our Bill of Rights which binds us together. In Arizona, it is the renegade conservatives who are leading the charge and unlike liberals, they are all armed.

The Bush/Obama administrations have no intentions of closing off illegal immigration; they have appropriated billions of dollars to fight terrorism, yet they will not seal off the Mexican border where terrorist could freely enter.

Why is that? Look to the Trilateral Commission and the CFR and secret NAFTA trade agreements for plans of the North American Union.

This piece is getting to long so I will close with a sterling example of INTEGRITY shown by the ICE union and the call for Assistant Secretary John Morton, who heads ICE, and Phyllis Coven, assistant director for the agency’s office of detention policy and planning to STAND DOWN..

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By Mike, August 13, 2010 at 1:57 pm Link to this comment
(Unregistered commenter)

Oh sure, and ABC This Week recently had Greenspan on to give his views and advice!  Who cares what he has to say after he admitted he was all wrong, and rode off with his millions leaving the wreckage behind.

These media outlets have to simply be ignored.  Cancel your cable subscription and watch a few things via over-the-air antenna broadcasts if you must waste some of your time.  I hope it is true that no on under 50 watches the major network news.

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By felicity, August 13, 2010 at 9:52 am Link to this comment

DBM - What’s to ‘misinterpret’ about Friedman, a man
who never strayed from his glorification of laissez-
faire capitalism.

Corporations have no business engaging in socially
beneficial acts.  Corporations have no social
responsibility.  Corporations are only responsible for
making as much profit as possible. Pretty hard to
misinterpret that.

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By Steve E, August 13, 2010 at 2:09 am Link to this comment

Barack Obama appointed eleven members of the Trilateral Commission to top level
and key positions in his administration within his first ten days in office.

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By wildflower, August 12, 2010 at 11:27 pm Link to this comment

Re GoyToy: “Fareed Zakaria . . . says what the establishment wants to hear.”

But to lose his credibility to belong to a group seems like a high price to pay . .  .  What if they dump him later on? .  .  . Then, where does he go?

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By archivesDave, August 12, 2010 at 6:01 pm Link to this comment

Ofersince:
Do u think there’s anything in the book that goes beyond my present understanding? Have u read Nicholas
Hagger’s books, <www.nicholashagger.co.uk> ? they’re quite comprehensive on all of this.
How about video clips,(youtube, etc)? What have you seen lately that hits home?
I really prefer them now since one can get a lot of meat packed into a few minutes of editing.
And it would be very wise to record as many of the more controversial ones since they are starting to be censored/removed.
‘Big Brother’s’ heavy hand is striking more heavily all the time now.

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By ofersince72, August 12, 2010 at 5:38 pm Link to this comment

The Book

  Henry Wallace, Harry Truman, and the Cold War


Walton has it documented…..REAL GOOD READ ! ! ! ! ! ! !

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By fearnotruth, August 12, 2010 at 5:36 pm Link to this comment

...manipulated FAR above the Democratic and Republican Parties.

right-o - fall ye not for the Left/Right trap - machinations to remove Carter were
simply part of that, considering Carter was himself a Trilateralist puppet,
essentially handled by Brzezinski - the global finance oligarchy leaves as little as
possible to chance (i.e. the whims of the electorate) - every POTUS since Kennedy
has been under their sway, and when it’s time to go, they simply go with only as
much as a theatrical display of resistance, as per the script

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By archivesDave, August 12, 2010 at 5:18 pm Link to this comment

MarthaA:
Aw come on Martha/Thomas, tell us somethin we don’t already have full understanding of.
Get over it, the complicity of both Dems and Repubs
has now become crystal clear to almost everyone except you. 
You’ll never find the problem or solutions until you further investigate outfits like Tavistock, BIS (Bank For Intl Settlements…Hitler’s bank), IMF, g20, WTO, Knights of Malta, Manly Hall, etc and how ALL of the wars and economic debacles are being manipulated FAR above the Democratic and Republican Parties. (And even Goldman Sachs & Fed Reserve for that matter.) Collusion, obfuscations and ordo ab chao from the Shadow Elites are the MO s.
L.B. (Lawrence Baker) knows what he’s talking about!

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By MarthaA, August 12, 2010 at 4:50 pm Link to this comment

These Congressional Hearings where everyone lies reminds me of Reagan and Ollie North being questioned concerning their corruption during the REPUBLICANS Iran-Contra Scandal so here is a blast from the past about the REPUBLICAN Iran-Contra Scandal Deal against President Carter to keep President Carter from being reelected, as is now known: 

http://www.brasschecktv.com/page/911.html

CIA George H. W. Bush’s traitorous moves against the United States government under President Jimmy Carter were behind the Iran-Contra Deal to NOT release the 52 prisoners until the day their REPUBLICAN EXTREMIST puppet/actor Ronald Reagan was sworn in as president.

REPUBLICANS’ propagandized heavily against President Carter and their traitorous actions were why the prisoners were not brought home, and their new REPUBLICAN administration would secure and protect their traitorous acts for getting REPUBLICAN EXTREMISTS into power, which was far worse than the Watergate REPUBLICAN Scandal; and 9/11/01 was another one of the REPUBLICANS’ traitorous schemes, protected by REPUBLICANS and Conservatives/Moderates on both sides.

REPUBLICAN schemes for power have gotten more brutal over the years and I expect REPUBLICANS will do physical harm, or try to do physical harm, to President Obama if in some way their mean, vile, and vulgar psychological propagandizing the public against President Obama doesn’t fool the people, then they will choose to do physical harm to the President in order to make it possible for the REPUBLICANS to regain the power of the presidency, based on the past, one can fairly closely predict the future.

http://www.brasschecktv.com/page/911.html

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By rob, August 12, 2010 at 3:37 pm Link to this comment
(Unregistered commenter)

Whenever Fareed appears on the tube I turn it off.

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By ofersince72, August 12, 2010 at 3:36 pm Link to this comment

I really enjoy reading your posts DBM and hope you

keep it up,  I have learned a lot from you. thankyou

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By DBM, August 12, 2010 at 3:20 pm Link to this comment

Ofer,

Reading those lyrics it struck me how similar they are to Simply Red’s “Money’s Too Tight To Mention”.  That reminded me of the line in that song about “Reaganomics” ... Hmm and people thought things were tough for the non-rich then!  The policies only got more and more outrageous until Rubin and Co. tipped the scales completely over and then handed off control to the mega-rich easily manipulated W ... Who’d had thought Reaganomics would look relatively benign?  (Emphasis on Relatively) 

I disagreed but I can actually believe that there were policy makers who believed in their misinterpretation of Milton Friedman.  I can believe that the economic policies of the early Clinton years were based on a belief that they would be beneficial (notwithstanding the removal of support for the poor).  The final chapter of the Clinton economic legacy, however, and all economic policy since appears to be a straight out money grab by the very rich at the expense of everyone else.  Sadly, the logical extreme of these policies is essentially a feudal society unable to economically support what has become accepted as the modern way of life.  Subsistence farming while paying taxes to the Lords sound good to anyone?

Since they control the government and write the laws, you won’t find Rubin or his ilk going to jail anytime ... and that seems to be about all that could concern him.  He clearly doesn’t have any other regrets or misgivings about how he came by his money.

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By GoyToy, August 12, 2010 at 12:43 pm Link to this comment

Fareed Zakaria is the “good” Muslim. He says what the establishment wants to hear.

Robert Rubin, sonny James Rubin and J.R.‘s wife Christiane Amanpour…..the hell with all of them.

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By ofersince72, August 12, 2010 at 12:34 pm Link to this comment

Yeah, my bills are all due       (late great,Ray)
  and the baby needs shoes,
  but I’m busted
  Cotton is down, quarter a pound
  but I’m busted , Oh yeah.

  Big stack of bills gettin’ bigger each day
  County’s gonna hual my name, know that,
  I went and I’m busted, I am, yeah

  Well I went to my brother
  to ask for a loan’
  Cause I was busted
  But I hate to beg like a dog for a bone
  but I’m busted
 
  But my brother said
  “there ain’t a thing I can do
  My wife and my kids are all down with the flu,
  I was just thinkin about callin on you,
  ‘cause I’m busted”

  And I am not thief but a man can go wrong
  when he’s busted

  The food that we canned last summer is gone
  and I’m busted, no, no,
  Well the fields are all bare
  and the cotton won’t grow
  and my family and I had to pack up and go
  I’ll make a living, my lord, how I don’t know
  cause I’m busted

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By msgmi, August 12, 2010 at 11:48 am Link to this comment
(Unregistered commenter)

Rubin-CON, neo-CON, Beltway-CON and Wall Street-CON…a recipe for an economic implosion.

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By wildflower, August 12, 2010 at 6:59 am Link to this comment

Re Scheer: “The corruptions of journalism were on full display when CNN’s Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused.”

Yes, it’s hard to believe. One would think journalists would be on super alert when it comes to their personal credibility.  Have they already forgotten those nationally disgraced cherry picking “journalists” like Judith Miller:

“Miller announced her retirement from the New York Times on November 9, 2005, citing among other reasons difficulty in performing her job effectively after having become an integral part of the stories she was sent to cover. The announcement may not have been voluntary - her journalism had come under intense criticism with accusations that she had become a shill for the Bush administration. This criticism generally followed the line that her reporting of cherry-picked intelligence favorable to the administration’s pro-war positions prior to the Iraq war reflected an uncomfortable “entanglement” with administration officials.”


http://en.wikipedia.org/wiki/Judith_Miller_(journalist)

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By bogi666, August 12, 2010 at 3:41 am Link to this comment
(Unregistered commenter)

Tobysgirl, you’re right President ObambyaBush did reveal himself during the campaign just by virtue of his “advisers”. It was Brzezinski who got the USG involved in Afghanistan over 30 years ago because of his revenge against the USSR and the atrocities it conducted in Poland. As for the Prez, he was all platitudes, nothing substantial. I didn’t vote for him and he had enough “tells” to vote otherwise. It was obvious he would just resurrect the Clinton gang which destroyed the Democratic Party with the DLC, the corporate Democrats. The USG now has its own 30 years war for the history books, but somehow I don’t think the Texas school board which now uses grade school textbooks for propaganda purposes will include the USG 30 years war for what it is.

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By archivesDave, August 12, 2010 at 3:24 am Link to this comment

Lawrence Baker:
“If democracy wins, we’ll bring both of them to justice for treason”.
Lawrence, I would certainly like to hear more from you what your proposals are for waking up enough folks to
start making waves to take this country back.
Give us some more of your plans and methodology please.
Note that Salbuchi has an all day event planned for
his Second Republic proposition on Sun Aug 15th.

I realize you don’t think too much of him but at least he’s putting the pedal to the metal.

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By archivesDave, August 12, 2010 at 3:14 am Link to this comment

Ofersince:
“We’re gonna git er done,...that’s what we’re gonna do.”

Ho di ho ho ho…
An jist exactly how do u propose ta do it bro, kick
those mean ol nasty Elitists in their shins?????

The “we the people” are too busy watching sports, soap ops, MSM, senseless movies/videos, and playing video games! 
Get real man, Lawrence Baker has it pegged exactly
right.

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oldog's avatar

By oldog, August 12, 2010 at 2:00 am Link to this comment

Too few voting citizens get enough real news to make
a difference at the polls. No politician can win
without vast sums of campaign contributions from
special interests groups. Greed controls the
government, the only entity powerful enough to challenge the super-rich and the multi-national
corporations which owe no loyalty to this or any
nation-state.

We are at 25% unemployment (whatever the ‘polls’ say)
When it passes 50%, probably in about ten years,
there will be riots, revolution, civil war and the
dissolution of this country…that is, if we’re
lucky. The alternative is perpetual slavery until
nuclear war drives us back into the stone age.

But, perhaps I’m too optimistic.

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By Micah, August 11, 2010 at 10:34 pm Link to this comment
(Unregistered commenter)

It’s as if there is a plot to completely destroy America. Although it is really the age old force of GREED. Can we pull this baby out of its nose-dive? I hope so.

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By Igloo, August 11, 2010 at 7:17 pm Link to this comment
(Unregistered commenter)

Anyone who thinks the US press is free to tell the truth had better had their head examined. What Tocqueville said in 1833 still rings true: any view which deviates from the mainstream will get shut out. What no despot in a tyranny was able to do with the secret police, “Democracy” will do it in spades thru the tyranny of the majority!

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By yrscrewed, August 11, 2010 at 5:35 pm Link to this comment

All wars are planned by the Money Trusts. Ask Hitler, Stalin, Bush, Bush, Johnson, and Roosevelt

But Lincoln chose not to take the Money from the Trust.  They whacked him because of the Greenbacks not Banknotes.  He fought the war with out a dime of interest.  Remember in 1933 when they stole the gold?.

Who really caused this mess it was the Dems and Reps. in concert with the Fed and the Octopus tentacles of Goldman and Gang. “Derivatives Financial Tools of Mass Destruction.” Buffet.

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By James M. Martin, August 11, 2010 at 4:32 pm Link to this comment

Did it ever occur to you, Robert, that sometimes you can kill a cat with kindness.  In this case, invite the guy on even if it means never bringing up Rubin’s role in the Great Recession, purely for the world to see the face of what is wrong: technocratic government.  The guys who really know something about economics either have never been asked to advise a president or they don’t want the authority or they’re making better money elsewhere.  But Fahreed wanted to get the guy talking.  Nobody else was.  Now that someone let a former prosecutor for Manhattan distance himself from a prostitution scandal, they’re offering him pundit hosting jobs.  If Rubin got one of these, it will, happily, give me someone new to scream at.

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By gerard, August 11, 2010 at 3:49 pm Link to this comment

Cheer up, Robert.  We are all trapped on a treadmill in front of a TV, some more fat-headed than others!

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By felicity, August 11, 2010 at 3:16 pm Link to this comment

James Bowen - I agree with you that Mr. Z is not
corrupt. We Americans have been and are continuing to
be lied so often, be it by politicians or the media. 
Odd as it is, that makes us gullible, makes us
susceptible to the patter of a demigod, a man or woman
whose rhetoric is designed to make us believe him.

Judging by the blind acceptance and following of some
political candidates who have recently declared their
candidacy for office, I’m afraid the rhetoric is
working.

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By Justin Weleski, August 11, 2010 at 1:54 pm Link to this comment

I remember watching an episode of Fareed Zakaria’s
television show where he interviewed a member of (if
I can remember correctly) Hamas, and when the guest
mentioned the unmentionable fact that the United
States was a major weapons supplier to Saddam Hussein
during the Iran-Iraq war, Zakaria categorically
denied the charge.  The guest was absolutely
dumbfounded.

Zakaria is not a stupid man, but it’s quite obvious
that he is an Establishment shill.  He deeply
respects and defers to authority and seems to believe
that credentials are synonymous with honest and
objective insight.  It doesn’t seem to occur to
Zakaria that Rubin’s “two distinguished careers” on
Wall Street and in Washington may actually cloud his
judgment.

But, hey, Rubin is rich and has been around rich and
powerful people all his life.  He must know what’s
going on, right?

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By ofersince72, August 11, 2010 at 1:31 pm Link to this comment

Today’s AUSTERITY headlines

  $24,000,000,000 cut from food stamp programs

 
  (source….Democracy Now)

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By Stupid Git, August 11, 2010 at 1:28 pm Link to this comment

James Bowen,

Claiming Zakaria isn’t corrupt is really giving him too much credit. He was one of
the biggest promoters of the war in Iraq then as soon as it took a turn for the
worst he became one of the biggest critics of it. He does this on everything. His
main purpose is to be liked, not to be right - just like the politicians he interviews.

Just because he’s likable doesn’t mean he’s a good guy.

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By ofersince72, August 11, 2010 at 1:09 pm Link to this comment

REDHORSE,

  We’re gonna git er done,  thats what we are gonna do
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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By REDHORSE, August 11, 2010 at 12:48 pm Link to this comment

It is easy to hate Rubin or so called journalist Z. or, betrayal by a President who claimed to be one of “We the people—” but,where’s our will to action?The article captures the total problem. An Imperial Military President, a lie-with-a-straight-face corporate puppet master and an obfuscating career corporate journalist. My sense of sorrow, rage and incredulous astonishment that the motives of our leadership is so openly corrupt and simple mindedly focused on personal gain with no concern for the consequence is a terrible, terrible,reality with which to live. They are visionless, pitiable, dangerous, paranoid criminals. What do we do with that?

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prole's avatar

By prole, August 11, 2010 at 11:03 am Link to this comment

“The corruptions of journalism” are always on full display whenever CNN’s Fareed Zakaria rears his slimy pate. This slithering snake-in-the-grass is pop journalism’s equivalent of Hussein Obama, a multi-cultural Uncle Tom pursuing his own self-interest by serving power. The ‘moderate’ house Muslim in the new ‘inclusive’ Amerika that bears a suspicious resemblance to the same old sharply class-divided, imperialist society it’s always been. Zakaria is a perfect fit for the dismal CNN which trys to pose as some kind of more liberal-style alternative to Fox but never strays far from official policy lines. So when asked a year ago January during the height of Israel’s massacre in Gaza, in an interview on CNN, “Was Israel right to attack?”, the venomous Zakaria, described by his employer CNN as a “world affairs expert “, replied: “I think it was perfectly justified. No society could tolerate the continued rain of rockets falling on their civilian population. But moral justifications aside, is Israel’s strategy wise? They had justification to go after Hezbollah in 2006, but it ended up strengthening Hezbollah and embarrassing Israel.” Moral justifications aside, indeed! The unconscious irony there is too self-incriminating to bear.
  For Zakaria like Rubin and Obama and their cohorts, it’s all about keeping up appearances. This ‘good’ Muslim then went on to explain, “I think Gaza is different from Lebanon and Hamas is weaker than Hezbollah. Plus, the Israelis have learnt some lessons. But they do face a similar problem. It’s easy to understand how to weaken Hamas militarily. But the real challenge is to weaken it politically.” And, “The more desperate Gaza is the more a defiance organization of resistance like Hamas prospers.” And the one thing Zakaria and his ruler patrons will not tolerate is any defiance by the ruled.  This alleged “world affairs expert”  returned to his concerns for proper facades in a Newsweek editorial in March stating, “What the moderate Arab states ask for, again and again, publicly and privately, is that Israel make some progress—even if only for appearances’ sake—on the peace process.” But less anyone question his establishment bona fide’s, Zakaria was quick to remind, “I was one of the first American commentators to write in support of Ariel Sharon’s decision to build the wall because it would put to an end the Palestinian fantasy that they could achieve anything meaningful through terrorism.” Better to stick to fantasies about achieving anything through token ‘peace processes’ for appearances’ sake. There’s plenty more to be said to question Zakaria’s journalism and the ruling interests it slavishly serves but why bother when this multi-cultural hack is just there for appearances’ sake himself in the new multicultural imperial Amerika.

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By ofersince72, August 11, 2010 at 11:01 am Link to this comment

When has the UNITED STATES OF AMERICA or ISRAEL OF
THE MIDDLE EAST

ever concerned themselves with INTERNATIONAL LAW???

They aren’t going to start concerning themselves now
either <><><><>****$$$$$$$$$$$$$$$$$$****<><><><>

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By James Bowen, August 11, 2010 at 10:48 am Link to this comment

It is too bad that many good writers find it so easy to toss about accusatory language like “corrupt” because it diminishes their credibility. Mr. Zakaria is not corrupt.

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By RayLan, August 11, 2010 at 10:45 am Link to this comment

Zakaria properly challenged Rubin with the quote from Paul Krugman
“Then there are the appointments. Yes, the administration needed experienced hands. But did all the senior members of the economics team have to be protégés of Robert Rubin, the apostle of financial deregulation? Was it necessary to install Ken Salazar at the Interior Department over the objections of environmentalists who feared, rightly, that his ties to extractive industries would make him slow to clean up a corrupt agency? ...”

Of course Rubin denied everything - changing colors like a political chameleon -

In fact neither Rubin nor O’Neill matched their official political stripes, Rubin sounding more Republican than O’Neill, who was fired from the Bush administration for being concerned about the truthfulness of claims about tax-cuts and WAMDs (how un-Republican - I mean being concerned about truthfulness).

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By gerard, August 11, 2010 at 9:55 am Link to this comment

New York Times, Aug. 11:  “Military officials are building a case to minimize the planned withdrawal of some troops from Afghanistan in 2011, in an effort to counter growing pressure on President Obama from Democrats.”

Power in the hands of corporations.  Power in the hands of the Pentagon.

What are the chances for the survival of a civilian-controlled government? What difference does it make who’s President, or Senator or Representative?

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By Lawrence Baker, August 11, 2010 at 9:44 am Link to this comment

One New World Order Trilateral elite globalist interviewing another N.W.O Trilateral elite globalist without divulging their mutual secret Totalitarian N.W.O plan that is moving forward to destroy our Democracy, Independence and Freedom.

What a hoot!

Both Rubin and Zakaria are complicit and conspirator Traitors to our country.

If Democracy wins, we will bring both of them to Justice for Treason.

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By CitizenWhy, August 11, 2010 at 9:43 am Link to this comment

Growth: US Employment Reative to Population 88%?  ... by Decade ?(Age 16
through 64)?(Numbers in Thousands)?? ... By weaver on BNET, Aug 11, 2010 ......
1950’s?: Growth in Population = 7,559?, Growth in Employment = 7,117, ??
Growth: Employment to Population = 94%?? ...... 1960’s?Growth in Population =
15,772, ?Growth in Employment = 13,817, ??Growth: Employment to Population =
88%?? ...... 1970’s?Growth in Population = 25,569, ?Growth in Employment =
21,291??, Growth: Employment to Population = 83.3% ...... ??1980’s ?Growth in
Population = 15,470, ?Growth in Employment = 17,335, ??Growth: Employment to
Population = 112%?? ...... 1990’s ?Growth in Population = 18,591?, Growth in
Employment = 16,366, ??Growth: Employment to Population 88%?
... ... ... Weaver presents the grim facts. The article with a link below explains
how the economic/political system we ?have in the US (“free market”
fundamentalism, with the ?market rigged by corporate lobbyists) is being
rejected ?throughout the rising economies in favor of state ?control/semi-
control to protect domestic jobs.?? ... ... Our system leads to steady job
shrinkage PLUS frequent ?bubbles and crashes, with an elite who benefit equally
from ?the bubbles and crashes because they take huge rewards for ?the risks
they take while enjoying a state guarantee when ?their risks fail, all without any
meaningful behavioral change ?to rein in those wild risks. ... ...
http://eiziema.notlong.com ... Or Google: China & Western Economics
Progressive-Economy

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By Pete Hockley, August 11, 2010 at 9:16 am Link to this comment
(Unregistered commenter)

Some of us are still playing catch up on some of this.

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By felicity, August 11, 2010 at 9:13 am Link to this comment

Ah yes, Citigroup.  We could have bought Citigroup,
in its entirety, for $20 billion.  Instead, we got
7.8% of its equity - which is one reason I always
laugh out loud when I hear Repubs deplore government
‘interference’ in the sanctity of the ‘free-market.’


Translated, they’re saying allow the ‘market’ pushers
to create their atmosphere of lawless entitlement
until the atmosphere becomes toxic at which point it
is the government’s responsibility to clean it up -
just like any other toxic waste site. 

As long as the ‘free market’ remains the American
god, there will be unlimited economic power for some
with the necessary consequence of economic
powerlessness for others - and it’ll continue to cost
the economic powerless to clean up after the
economically powerful.

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By Tobysgirl, August 11, 2010 at 9:08 am Link to this comment

RBShea: “And contrary to some of the commenters, for us non-professional politicos, Obama didn’t reveal his true stripes during the campaign.”

Whoa, he most certainly did. Brzezinski was his top foreign advisor, the man who started the funding of the Taliban in Afghanistan. If you looked at his economic advisory team, it included Rubin, Geithner, and Summers.

None of the liberals I knew had any interest in this information, and I still consider all the people who voted for Obama to bear moral responsibility for his warmongering (which he was quite frank about) and his whoring for Wall Street.

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By diman, August 11, 2010 at 8:39 am Link to this comment

What would you expect from Rubin, take responsibility for deregulating? Get real will you, people.

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yrscrewed's avatar

By yrscrewed, August 11, 2010 at 8:04 am Link to this comment

All the Wall Street Gang is Alive and Well.

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By E.F., August 11, 2010 at 8:01 am Link to this comment
(Unregistered commenter)

Why are we surprised that we have liars on TV further muddying the waters?

THE MAJOR MEDIA IS OWNED BY SPECIAL INTERESTS WHO DO NOT CONSIDER THE CITIZEN’S INTEREST ABOVE THAT OF CHATTEL.

CITIZEN/EMPLOYEE = SLAVE
CORP./BIG BUS.  = SLAVE MASTER
STATE/FEDERAL   = ROMAN LEGION OF COURT JESTERS HIRED BY CORP TO KEEP YOU PRODUCTIVE

*most likely this post like so many of my other ones will NOT be published / posted… shame on you minstrel editor

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fearnotruth's avatar

By fearnotruth, August 11, 2010 at 8:00 am Link to this comment

RE: ...Imagine a war with Iran ...

not hard to do, it’s right over the horizon, and don’t forget Pakistan and who
was beating the drums for expanding the war into that nation, the one that really
does have a nuclear arsenal - for anyone who missed it: BHO is the Left-cover
agent for the global finance oligarchy and its mission of global hegemony, and
though well-ignored by the so-called “progressive” media, there was fair warning:

http://www.amazon.com/Obama-Postmodern-Making-Manchurian-Candidate/dp/0930852885

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By richard wagner, August 11, 2010 at 7:48 am Link to this comment
(Unregistered commenter)

Whoa is us!! When do we begin the surgery and begin cutting out the
tumors that are sucking the lifeblood of out this country? We are ready
for a complete exposure of the manner in which we are being governed
and let the heads begin to roll, sparing no one in the process. The entire
system is so corrupt and in need of internal cleansing that I, for one, will
be a happy US citizen, only after some strong punishment is handed out
to this criminal financial-political gang of thieves and con men.

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By norman harman, August 11, 2010 at 7:13 am Link to this comment
(Unregistered commenter)

fearnotruth wrote: “The two-party system serves none but the global finance
oligarchy”

How true, and therein lies the serious problem of trying to reform - through
the legitimate voting process - a political system so thoroughly corrupted by
the wealthy that all of our potential “reformers” are themselves already bought
and paid for before we get to the polls.

How can we elect “reformers” to work to get the influence of money out of
politics when money is the determining factor in getting elected?

So long as we accept the MSM’s method of determining a candidates
“electability” by counting how much money he or she has managed to raise,
how can we possibly overcome money’s advantages?

A good example in the last election cycle was Mitt Romney; he never gained
more than 2% or 3% support in any poll throughout the primary cycle yet every
media outlet counted him as one of (if not the) top candidates because he had
so much money in his campaign coffers. His entire campaign was little more
than a media concoction yet there he was, on our TVs every night, being touted
by every talking-moron in the media as an “important candidate.”

Even those candidates we’re inclined to like - those who talk about real reform
- are constrained by the demands of money. For if they have no money the
media will ignore them and then most of us - with the exception of those of us
who deliberately seek out alternative answers - will know nothing of them.


We non-wealthy voters, no matter how many Democratic fund raising letters
we respond to, no matter how many $25 checks we send to MoveOn.org,, no
matter how many ads we support, can never match the funding levels of even
one or two corporations. If money continues to be the determining factor in
elections we will always lose.


The only way I can think of to counter this political advantage held by the
wealthy is to make the decision to never vote for any candidate that accepts
corporate funding on any level.

VOTE AGAINST THE MONEY!

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By Shift, August 11, 2010 at 6:55 am Link to this comment

A word from the International Cussing Symposium, “SHYT!”

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By balkas, August 11, 2010 at 6:47 am Link to this comment

Well, rubin, if i am not lying, did not break any law.

If that turns out to be factual, i wonder why lament over the American Way? Why lament over forming, deforming, regulating deregulating, when you can pass laws about derivatives, healthcare, etc.

Surely a bill 5k pages long cannot be a law, for laws are meant to be understood even by a person like me let alone rubin, clinton, or even bush 2.

In fact, a law should be no longer than a thousand words. And especially in a nation solely governed by laws and not any reforms, [de]regulations, shapes or forms, policies.

If US wld have a law that forbids killing children, then, WH, could not have the regulation that’s ok to kill children 10 k kms away.

Isn’t a bit strange how politicians forget to make that law and thus save soldiers’ and civilian lives!

It is odder than an udder that no american had as of yet noted this fact.
I guess one has to be a nonamerigo to notice the obvious! tnx

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By Old Man Turtle, August 11, 2010 at 6:28 am Link to this comment
(Unregistered commenter)

Here we have yet another rhetorical snapshot of the “civilization” disease in he
throes of its terminal phase.  As usual, the ‘shooter’ feels compelled to focus
intently on the thing’s degenerative effects on yet another hapless infected
“individual.”  This Rubin fella sure offers-up an inviting target, too, along with
that smiling shill (for the lethal dose of it that is “global”-ism), Fareed Zakaria.

As at-least a couple of commenters have suggested here, though, Mr. Sheer
himself hardly presents (in his own professional efforts) a rosy picture of
natural Human health and organic functional integrity, either, “journalist”-ic or
otherwise.  That seems to be a chronic problem among sufferers of the deadly
syndrome, who can only point accusingly at its symptoms in “others,” but fail
utterly to recognize these in their own “self.” 

Whether meant as a mere throw-away line or not, however, Bill Clinton got one
thing quite right when he said, “We’re all in this together.”  Even Bush-the-
Elder made a worthwhile (if somewhat prissily sanitized) observation when he
noted that what the domesticated peoples are “all in” together is, “Deep doo-
doo.”

So what we’re wondering here in Indian Country is whether our tame Sisters
and Brothers will come to us for the Medicine they need to get well before they
all, together, perish needlessly of institutionalized ignorance and religiossified
pride.  As my nephew “TAO Walker” says sometimes, “Ashes, ashes, all fall
down.”   

.

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By paul, August 11, 2010 at 6:08 am Link to this comment
(Unregistered commenter)

$15 million a year annual salary?  Only people like Al Capone can make that kind of money.  Show me someone making $15 mil per year and I will show you a criminal.

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By Mark, August 11, 2010 at 6:02 am Link to this comment
(Unregistered commenter)

Zakaria is a shill for Wall Street. He undertook a defense of Goldman Sachs about a month ago in Newsweek.

According to Zakaria, GS did nothing criminal, and anybody who thought they did was obviously not smart enough to understand the complexities of the modern financial system. Moreover, nobody saw the meltdown coming.

So per Zakaria, the biggest financial crisis in the U.S. since the Great Depression wasn’t the result of the machinations of Wall Street, and couldn’t be avoided.

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By DBM, August 11, 2010 at 5:44 am Link to this comment

Hmmm ... I thought this was a great article.  That Rubin is a crook and benefitted personally from “one of the most egregious conflicts of interest in U.S. history” (I’d say THE most egregious but I’m not a historian and I’m open to the suggestion that there have been worse) is not really in question. 

The point of the article is to highlight Zakaria’s shoddy and all too typical journalism.  He asked a question and then, despite getting the most obvious possible answer, did not have a follow-up question to call Rubin on his lies.  He could have done a Jon Stewart “roll 2:12” to prove Rubin’s support for the financial shenanigans which subsequently made him rich.  Clearly Zakaria’s future access to Rubin depends on book sales and ensuring that the inteview was sympathetic.  If Zakaria had balls he’d make sure it was his last Rubin interview and see if his improved ratings and public support made him a more popular interview anyway ... CNN should try *something* different.

It is easy to criticise Scheer or anyone else who didn’t speak loudly about Obama’s huge debt to financial sector political backers.  If I remember rightly, at the time there was this old guy who didn’t lose by a massive margin who had great ideas like “bomb bomb Iran”.  You think corrupt financial markets, blood sucking medical insurance companies and the Iraq / Afghanistan conflicts are spending away the country’s future quickly?  Imagine a war with Iran ...

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By StormeeATL, August 11, 2010 at 5:26 am Link to this comment
(Unregistered commenter)

Yes, Clinton made mistakes and so has Obama. But Reagan and both Bushes are just as responsible if not more responsible for the deregulations that set off the orgy of greed that blew the bottom out of the economic ship. Both sides of Congress are guilty as well. Yet U.S. voters keep going back and forth betweem politicians from both parties who continue to make the same mistakes and bring in the same old people with the same old bad ideas - Bush had most of his daddies and Reagan’s people in his cabinet and look where that got us. Until we get people in office who really break away from the same failed policies we will continue this economic downward spiral (and please for God’s sake, not the tea party right - they may talk like they are going to restore fiscal conservatism but if you really look hard at them, they just want to take the typical failed Republican economic policies to an extreme)

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By ofersince72, August 11, 2010 at 5:10 am Link to this comment

forgot to add

That is why I cringe every time I see Amy Goodman on
CNN.

  Zakaria used to have a really good show on LINKTV.
He was an excellent moderator, had interesting guests,
and talked sense about the Middle East mess.

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By jimch, August 11, 2010 at 4:42 am Link to this comment

Well, look at who’s running the country. Emmanuel, Axelrod, Geithner, Bernanke, Summers, Rubin. And the common thread is….

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By ofersince72, August 11, 2010 at 4:41 am Link to this comment

I will let Scheer come out ,,  without my usual
“Where were you in 2008.”

  Any thing positive by these Journalists now is better
than what it was…...Maybe Eugene will start earning
his Pulitzer soon.

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Mike789's avatar

By Mike789, August 11, 2010 at 4:31 am Link to this comment

“my book in 2003, I was so concerned about it that I actually included that discussion in there.”

Would you “actually” take a shot of truth serum?

Aside from the dissembling and blantant sanctimony, Rubin ought to take his JetStream Lear and hunker down in Leitchenstein or the Canary Islands.

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By Ivan Hentschel, August 11, 2010 at 4:31 am Link to this comment
(Unregistered commenter)

Yep. Nothing revelatory here, either about Rubin or Fahreed. Or Obama. They all share a sameness in lack of integrity, an abhorent greed, smarmy opportunism and uniform amorality. I think that about covers it.

Been there, done that. Next?

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By RBShea, August 11, 2010 at 4:30 am Link to this comment

Thanks, Bob for the reminder of why Obama is really Clinton redux. When serial thieves and liars like Rubin have the president’s ear, you know the promised “change” will be nil. And contrary to some of the commenters, for us non-professional politicos, Obama didn’t reveal his true stripes during the campaign. The real signs only emerged once he started naming his staff and cabinet.

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By truedigger3, August 11, 2010 at 2:14 am Link to this comment

Robert Scheer wrote:
“Enough said, though, to question not only Zakaria’s journalism but, far more important, Barack Obama’s leadership “
_________________________________________________

Mr. Scheer,

Obama has no leadership abilities or potential whatsoever. From day one it was glaringly obvious he was and is a puppet for Wall St.
I cann’t help it but to question your journalistic integrity.

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Robespierre115's avatar

By Robespierre115, August 11, 2010 at 2:07 am Link to this comment

Zakaria’s always been a clown. Let’s not get started on his coverage of the Middle East. He went on Bill Maher’s show last year claiming that Pakistanis welcomed US bombings in their territory.

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By WSmart, August 11, 2010 at 1:55 am Link to this comment
(Unregistered commenter)

“Don’t reward these guys with your vote!”, Matt Gonzalez

The two party system is really a one party system with a
personality disorder.  One hand doesn’t know what the
other hand is doing, and it tries to explain, out of both
sides of it’s mouth, “Evil exists!”. 

Be real, be sober.

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thebeerdoctor's avatar

By thebeerdoctor, August 11, 2010 at 1:07 am Link to this comment

Note to Mr. Robert Scheer: please write about something that is not already known. Regurgitating old news as new product may serve your monetary promotional concerns, but for an inquiring reader, it is a bloody waste of valuable time.

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fearnotruth's avatar

By fearnotruth, August 11, 2010 at 12:32 am Link to this comment

RE: ...Obama’s leadership in first turning to Rubin as a key campaign adviser
and then putting his disciples in charge of the U.S. economy.

Good grief, Robert, if you didn’t know he was a Wall Street puppet the moment he
hit the campaign trail, what does it say of your journalism? There were plenty
enough voices out here calling for a closer look at the two-party system’s latest
out-of-the-blue “champion of the people.” But of course, most of the left-lib
progressives too much feared McCain to even acknowledge the only sensible
candidate: Ralph Nader! The two-party system serves none but the global finance
oligarchy by keeping the citizenry eternally at one another’s throats rather than
tearing down their gates and dragging them into the streets to be drawn and
quartered as they deserve!

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