Event Calendar
May 2012
(view month)
S M T W R F S
* * 01 02 03 04 05
06 07 08 09 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 * *
<< (add event) >>


User Blox 4
- Put stuff here

Barack Obama
"Lincoln Sells Out Slaves"
by: Rob Kailey - Sep 13
1 Comments
If You Haven't Seen This
by: Rob Kailey - Apr 28
5 Comments
Impeach the President?
by: Rob Kailey - Mar 16
15 Comments
It's the system, stupid!
by: Jay Stevens - Oct 25
7 Comments

Search




Advanced Search


Rob Kailey is a working schmuck with no ties or affiliations to any governmental or political organizations, save those of sympathy.

David Obey's biggest regret

by: Jay Stevens

Sat Jul 17, 2010 at 10:19:25 AM MST


David Obey, approaching retirement, on his -- and our -- biggest failure during his tenure in Congress:

But I leave more discontented when I came here because of the terrible things that have been done to this economy by political leaders who allowed Wall Street to turn Wall Street banks into gambling casinos which damned near destroyed the economy.

I think the more important thing was what was my biggest failure. I think our biggest failure collectively has been our failure to stop the ripoff of the middle class by the economic elite of this country, and this is not just something that happened because of the forces of the market.

H/t to Kevin Drum for the quote, who notes, "despite the legislative achievements of the Obama administration...this hasn't changed even modestly over the past few years." Except that the legislative achievements of the Obama administration have done nothing to disrupt the institutions or structure that abets this redistribution of income to the rich; their policies have only mitigated the damage done.

Still, I agree with Kevin that this is the biggest threat to our economy.

Jay Stevens :: David Obey's biggest regret
Tags: , , , (All Tags)
Bookmark and Share
Print Friendly View Send As Email

structure (0.00 / 0)
Couple of things: Obey would have us believe there is a form of capitalism which is not a "casino". This is disingenuous.Speculation and risk always play a central role.That financialization is now the only source of large profit taking is a result of the structural changes in modern capitalism ( over-production, over-accumulation) and that will not change.

As for the rich getting richer, the concept of a middle class was always an anomaly, a short-lived misreading of post-war prosperity. It is also a faulty class analysis in my opinion and says nothing about a citizens position in power relations.And again, Obama is perfectly aware that so-called "politics" is simply a diversion for the masses, a placebo for real self-determination. The state of labor should tell us something about class conflict and any demands for a greater share of the pie.


Menu

Make a New Account

Username:

Password:



Forget your username or password?


Bookmark and Share

Poll
Voting. Useful or not?
Yes!
No!
Maybe, but only if you vote my way.
There are theories that ...
Meh ...

Results

Blog Roll
  • A Secular Franciscan Life
  • Big Sky Blog
  • David Crisp's Billings Blog
  • Discovering Urbanism
  • Ecorover
  • Great Falls Firefly
  • Intelligent Discontent
  • Intermountain Energy
  • Lesley's Podcast
  • Livingston, I Presume
  • Great Falls Firefly
  • Montana Cowgirl
  • Montana Main St.
  • Montana Maven
  • Montana With kids
  • Patia Stephens
  • Prairie Mary
  • Speedkill
  • Sporky
  • The Alberton Papers
  • The Fighting Liberal
  • The Montana Capitol Blog
  • The Montana Misanthrope
  • Thoughts From the Middle of Nowhere
  • Treasure State Judaism
  • Writing and the West
  • Wrong Dog's Life Chest
  • Wulfgar!

  • Powered by: SoapBlox