[lit-ideas] Re: "Promissory Materialism" Correction
- From: Andy <mimi.erva@xxxxxxxxx>
- To: lit-ideas <lit-ideas@xxxxxxxxxxxxx>
- Date: Sat, 19 Nov 2011 06:36:57 -0800 (PST)
Reich was labor secretary, and he does promote the interests of the middle
class. Note the books he's written. Larry Summers was responsible for
repealing Glass Steagall in the Clinton administration. (He was there both
terms I think.) Robert Rubin was Clinton's treasury secretary (a Goldman
acolyte) who went on to be CEO of Citibank. Both were in Obama's
administration. So, did they (Clinton and Obama) pick Summers and Rubin, or
did Summers and Rubin pick Clinton and Obama. An interesting connection is
that Summers was president of Harvard. Summers is Chicago School economic
theory (Milton Friedman, rabid laissez faire). Obama went to Harvard and is
from Chicago and is allied with the Chicago School. He appointed Chicago
School Austan Goolsbee his main economic adviser. All presidents probably
since Lincoln were/are just spokesmen for industry, doing industry's bidding.
FDR slowed the 'money trusts' down for a while.
Reagan was the real turning point downward. Chomsky's said that for
years. It's so Orwellian that Reagan is held up as having been good for the
country, like naming an airport after him when he's the one who busted the air
traffic controllers union; unions are quintessential middle class
institutions. Just curious, Eric. What do you think of the fact that
Eisenhower gave that famous beware the military industrial complex speech? Why
do you think that he of all people was himself unable to do anything to stop it
rather than just warn others to do it?
http://www.guardian.co.uk/commentisfree/2008/jun/14/barackobama.uselections2008
For anybody with any illusions left:
http://onpoint.wbur.org/2011/11/17/dirty-politics-and-big-money
Andy
________________________________
From: Eric Yost <mr.eric.yost@xxxxxxxxx>
To: lit-ideas@xxxxxxxxxxxxx
Sent: Saturday, November 19, 2011 3:35 AM
Subject: [lit-ideas] Re: "Promissory Materialism" Correction
In 1999, Bill “Nobody Left To Lie To” Clinton repealed the Glass-Steagall Act,
an FDR-era protection against bank bloat. He was lobbied by a banker who became
Citigroup CEO after the repeal. Shortly after the repeal Clinton’s Treasury
Secretary Reich went to work for CitiGroup. This corrupt bipartisan legislation
allowed the “too big to fail” institutions, without which there would have been
no gigantic US bank-bailout. Therefore, legislation may be seen as the prime
mover of our woes. (Both McCain and Obama have tried to bring back some form of
the Glass-Steagall Act.) So much for our woes. European woes are a different
dirge, but I suspect legislation may be more causal than banks per se. There,
that is, rather than here.
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