"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Friday, May 15, 2009

Brand Obama

Its been a spell since I've really sat down and gave our new President any serious thought. I know that seems rather odd coming as it does from one who's take on Barockstar has been decidedly negative almost from day one, but the truth is he was so transparently not the agent of change he professed to be that I haven't experienced the deflating letdown that some on the left are now suffering as their hero reveals his inner Imperial Centrist. My hopes just weren't high enough to be let down in the first place. Having said this I must admit that, like most Americans, the swiftness and severity of the economic collapse has taken me by surprise but Obama's reaction to it has been a true revelation.

Let's bury any illusions that he has merely inherited this mess from the Bush administration since he was instrumental in twisting congressional arms last October in order to pass the 700 billion dollar TARP blank check for the reckless speculators now looting the Treasury with the help of his key appointments from the financial sector like Treasury Secretary Tim Geithner and Bush appointee to the Federal Reserve Ben Barneke. No, Obama owns this now and his policies thus far have demonstrated unequivocally that Wall Street represents his primary constituency. 13 trillion in taxpayer obligations thus far have been committed to the very insolvent institutions who's greed and recklessness cratered the world economy yet still there are those who remain entranced by what Chris Hedges calls the Obama Brand.

When you add to this Team Obama's escalation of the Af-Pak War and commitment to indefinitely occupy Iraq one wonders what more will it take to break the "change" spell that's got so many "progressives" swooning this late in the game.


Rue St. Michel said...

Man, I know you're "this close" to flipping over and becoming a conservative! I can see it in your posting, my friend.

The only thing I see that you need to overcome is the Class Divisions rhetoric, and the malevolent impulses which you ascribe to Big Business.

If I can just get your head right on these two I think I can get you to realize you've already crossed over.

My GOP Handler says that I'm one Marxist away from getting a new toaster....come on! You gonna help a brother out, or what ah-ite?


Coldtype said...

Not. Gonna. Happen.

Coldtype said...

The truth is Rue, there are no malevolent impulses that need to be ascribed to Big Business since its operating DNA requires that it pursue profit over all other concerns--without exception. This is the very definition of a sociopath. Make no mistake, this characterization applies since corporations have been given the rights of living breathing human beings (without of course the responsibilities) by an activist Supreme Court. By this artifice the officers of corporations are protected from the consequences of their decisions that may negatively effect society at large.

Corporations are not moral agents Rue and I've never implied that they were, however, they are the instruments of actors who have extraordinary access and influence over the nation's decision makers--whom they and they alone largely finance (Madison's fear realized). Is it any surprise that the sector currently at the commanding heights of the economy (such as it is), Wall Street, is being bailed out of a bed of fire of its own making by the future earnings of millions of Americans who were never in on the scam?

Rue, the class divisions in the US, the society with the highest rate of income inequality in the industrialized world, is a much longer conversation for another day.

Anonymous said...


Anonymous said...


Anonymous said...


Anonymous said...

Once Coldies or Lefties family is killed,harmed or sodomized by some of Englewoods finest residents,they will come over to the winning team.

Republicans are just Democrats that got mugged.