Well surprise, surprise. It looks like Obama’s former Treasury Secretary, Tim Geithner, is getting a new job in the private equity industry after collaborating with Republicans and big banks to strip the Dodd-Frank Consumer Protection Act down to nothing and to block Elizabeth Warren from heading the Consumer Financial Protection Bureau!
Isn’t that something, kids? Why would a president who cares so much for the middle class facilitate this? Why would such a populist enlist the likes of Larry Summers and Tim Geithner to be the custodians of economic recovery? Never mind Rahm fucking Emanuel to be his chief of staff. Answer? Because 1) with no real presidential chops, he desperately sought guidance from the same people who were responsible for everything that was wrong with the Clinton administration. 2) Obama, like Harry Reid, Chuck Schumer and most all other congressional Democrats, is a center-right establishment politician whose primary concern is the well-being of the deep-pocketed financial industry. And since he had no real executive experience upon entering the oval office (never mind a spine), 2 very easily led to 1.
Remember when Captain Affordable Care Act proudly signed the Dodd-Frank Reform and Consumer Protection Act into law back in 2010? He said such grand things as: “These reforms represent the strongest consumer financial protections in history.” Right. Now did he use the phrase “the fierce urgency of now” at that time? I don’t remember.
Well, you know how the story goes. The law was signed, and then all its teeth were promptly pulled out by big bank lobbyist, the Obama appointed Treasury Secretary Tim Geithner, and congressional Republicans (not the least of whom Paul Ryan) AND congressional Democrats! Isn’t that hilarious? And now ol’ Timmy, after a job well done in the public sector, is headed right to a cushy, incredibly lucrative job with a private equity giant known as Warburg Pincus.
The big banks are bigger than ever because the Dodd-Frank law has effectively been shaved down to nothing… again by Republicans AND Democrats! Wall Street, investment baking firms, hedge funds… you name it, they’re all pretty much unscathed and unreformed after they were saved with your hard-earned tax dollars. They’re all still pretty much free to do whatever they want with their money – which used to be our money.
I knew Obama was a disappointment as soon as he appointed Geithner and Summers (one of the first things he did after crossing the inaugural threshold in ’08). This entire Obamacare fight seems little more than a dog and pony show when you think of this broader backdrop of corruption. It’s a stupid, watered-down half-assed Romney plan. And it’s not working very well. See, the Republicans are just throwing stones because they hate black people – not because of any fundamental difference where the almighty dollar is concerned. It’s just a big distraction from the much larger underlying problem that’s widening the gap between the middle-class and the wealthy. They’re all the same thing when it comes down to protecting themselves and big finance.
You are nothing. Your families are nothing. I’ve been totally reminded that this whole Obamacare fight doesn’t have nearly as much meaning as the media and punditry seem to think it does – but since they’re just a part of the show, they’re dutifully playing their roles. This isn’t universal health care. It’s just more sidestepping from an establishment that doesn’t care about regular people because it doesn’t have to care about regular people. The whole system is rigged against us and it’s only gonna get worse.
expanded background checks for gun purchases
Raising minimum wage
These policy issues are overwhelmingly supported by the American people, even among those who identify as Republican voters. So how is that a small minority of House Republicans are still able to block these vital pieces of legislation that would better the lives of average citizens? Because they represent fringe interests in their gerrymandered districts and no on else. That’s right. The tiny shred of the American population who used their power (money) to help these fringe Republicans cheat their way into their congressional seats are the only people they represent. And they have an opposition party that is largely complicit with their unsavory deeds. There is no real opposition to this evil. That’s why it continues unchecked.
Ladies and Germinators, this is not a true democracy. Maybe it once was, but our system of government has been transformed into a sick game where the interests of the majority are quite easily shunned by those who have the most money in this country. And who has the most money in this country? That’s right. Old, white men. And who, more than anyone, hates gays, immigrants and poor people? And who loves guns more than anyone? Correct again. Old, white men. Old, RICH, white men.
Now I don’t mean to come off as some kind of loony conspiracy theorist, but think of this electoral college system we have instead of a straight popular vote. This system of opaque manipulation (that no average person really understands fully) is designed not only to make the average citizen feel inadequate in his lack of understanding, but to make a viable third party impossible. It’s a secret celebration of power where only Republicans and Democrats are invited.
Now far from some sort of change happening since the election of Barack Obama, things have just gotten worse. And to put it into the most accessible terms possible, it’s because Captain Hope and Change decided to do very little by way of instituting real change. What he effectively did was give grand speeches while allowing those same powers elite that always had a stranglehold on our society to remain firmly planted in their age-old positions of strength. You can call Barack Obama lots of things, but you can’t call him a fighter. All he did was go conventional presidential route after conventional presidential route while giving the racists within our power structure a very easy to hate target – not very inspiring… and not very productive. This kind of weak president who goes less than halfway in some myopic attempt to please as many people as possible (which results in nothing) could never be expected to change anything, even if he had 10 terms in a row.
I can only hope that enough of our democratic process remains to remove the John Boehners, the Eric Cantors, and yes, the Barack Obamas and Hillary Clintons (and all the other Democratic big-finance puppets in Congress) from their seats of power. Otherwise you can bet that things will change in such tiny increments, that things, effectively, won’t change at all.
Now, again, if enough of our democratic process remains to elect someone like Elizabeth Warren, she’d better watch out for the assassin’s bullet. The first black president sure has nothing to fear from that threat, but someone like Warren, if elected president, just might.