Will It Ever Stop?
Aug 24th, 2010 by Randy Toman
If you think President Obama is reforming anything on Wall Street—- think again. Matt Taibbi article in the Rolling Stone entitled “Wall Street’s Big Win” August 4, 2010 gives us some additional depressing news on how deceptive and corrupt things really are. It starts with placing both the Republicans and Democrats in the same cesspool of deception, both just as evil as the other.
“In other words, Democratic leaders had teamed up with Republicans behind closed doors to double-¬cross Merkley and Levin.”
The sadness of the situation is that, the vast majority of the politicians, Republican and Democrats, have no idea what evil they are doing but only are going along with what they are being told. Now with that said; It must be pointed out that is no excuse for what is happening on the politician’s watch. They are there to do justice and be righteous in his leadership, not some, go along to get along policy that follows after deception, corruption and doing evil to the citizens.
“During an other-wise deathly boring year spent covering this debate, I learned to derive some entertainment from watching politicians scramble to give floor speeches about financial reform without disclosing the fact that they didn’t have the first f—— clue what a credit-default swap is, or how a derivative works. This was certainly true of Democrats, but the Republicans were way, way better at it. Their strategy was brilliant in its simplicity: Don’t even bother trying to figure out the math-y stuff, and instead just blame the entire crisis on government efforts to make homeowners of lazy black people. “Private enterprise mixed with social engineering” was how Sen. Richard Shelby of Alabama put it, with a straight face, not long before the bill passed.”
This article only confirms that there is a cesspool of corruption there in Washington and that unless the Republican on the local levels starts pushing back with some sort of principled approach we are doomed. The corruption is open and exposed and anyone wanting to understanding what is happening can certainly find out to what extent it is going on. These are only a few short sentences from the article of explanation;
“Thanks to the Clinton-era deregulation, giant commercial banks like JP Morgan Chase were not only allowed to serve as investment banks, accumulating mountains of privileged insider information, they were allowed to play the markets themselves. That meant that the prop-trading desk at Goldman Sachs could bet heavily against Greek debt not long after the bank had saddled Greece with toxic interest-rate swaps. It also meant that if any of these “too big to fail” banks went bust, American taxpayers would be expected to bail them out.”
It is my contention that the local levels of the Republican Party are ignorant, naïve and oblivious to the extent of corruption, that they believe any and all information coming from the top that, flows down to the Plebe’s. It is a sad day that the intellect of the average Committee person refuses to guide him/her to the truth of the matter. What has happen, the few that attempt to make any type of correction get branded on the forehead as the radical folks and outside the norm of the Republican Party. The Republican Leadership, for the most part is well on the left, falling within the “Progressive Thinking of the Times”.
The argumentation of the issue is so narrowed that is becomes easy to frame the argument and keep it within those narrow parameters, it is such that we must argue the frame and the fact that there is evilness in the proposition never comes into that argument.
Read the article you will understand what I’m talking about and WE SHALL SEE if things change, and if they don’t —–you guess as to what will happen to this country. Will it ever stop??????
Thank You Mr. Taibbi