On the economy we had the rules and regulations, the agencies created some 80 years ago and afterwards to prevent this sort of catastrophe. And these same political players, Republicans and Democrats holding hands, stripped them away, eviscerated them. The same agencies these reformers want to put in power to prevent this from happening again. …
March 30, 2009 – 4:19 am
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The Quiet Coup – The Atlantic May 2009 . must read.
If we take Krugman, As you can guess, I don’t share that vision. I don’t think this is just a financial panic; I believe that it represents the failure of a whole model of banking, of an overgrown financial sector that did more harm than good. I don’t think the Obama administration can bring securitization …
so we have the usual democrats looking for social good republicans looking for private good but Obama is wanting social good – the budget – and private good, protecting the banks. To paraphrase we can’t have both butter and beef. The democratic agenda comes undone if the republicans let the banks become the dominant force …
This must be one of the most complex periods in lived american history. Everything seems at play. Obama Told Us To Speak Out, But Is He Listening? The president is getting what he asked for, but perhaps not what he had in mind. During the campaign, Barack Obama beckoned Americans to put aside their cynicism …