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The Big Yellow Book

Seeing the World from Both Oculars-- a Bananaslug's Journal

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About "politics as usual"...we're mad as hell and we're not going to take it anymore!
President Obama's speech last night pointed out the need for a new way of doing politics in this country. The Republican party, who fundamentally were responsible (more so than the also responsible Democrats, don't think they weren't) for the mess we are in, had a canned response that said that the Obama administration, in office just a month, has led us down the road to ruin.

I doubt that any administration, in office 30 days, could find its own socks, let alone the road to ruin. Obama's done, on balance, at least a credible job of not screwing up.

Now, let's talk about the main objections to the stimulus package. The biggest objections center around the amount of pork that made it into the bill. Obama is NOT a socialist, nor is he a communist. He's a fairly conservative centrist Democrat, who was trained in the Chicago school of pragmatic politics...you can only get done what you can sell... Mayor Daley tells people that he has a large group he tries to serve and make nice with, and a much smaller core group that he relies on to get re-elected. "If you don't get elected, you can't make any changes," he says.

What that means is that while Obama asked for no earmarks, and no pork, he understood that getting a bill passed would require the usual horse-trading, and was willing to put up with it. As his press secretary noted, "What would you have us do? Doing nothing is not acceptable."

Doing nothing, and "letting the market work," is what the Hoover administration did in 1929-- and we know how well that worked.

The international banking system and stock exchanges is not a free market. It is a private club to which you actually buy a membership-- a seat on the stock exchange. Anybody who wants to buy one, absent criminal records that prohibit it, and who has the valuta, gets in. This small club, populated by people like the former CEO of Merrill Lynch, John Thain, actually controls the market. So don't be confused. A free market might well right itself, but this one ain't free. How skewed the worldview of this club is can be seen by the ridiculous ranting of CNBC reporter Rick Santelli at the Chicago Board of Trade.

Obama's biggest problem within the Government is the Democratic leadership, and the left wingnut tinfoil hat brigade, followed by the Republicans and the right wingnuts. His biggest allies are the people. We're mad as hell, and we don't want to take it anymore.

Obama got elected because the majority of voters in the United States want a serious change in the way we do politics in this country. His popularity remains in the 60%+ range, even though there has been a very small amount of reduction (from 65% to 62% on the last poll I've seen).

I'd cross the public with very great care, if I were the Democratic and Republican establishments.