funny_polymath
Fractal Fanatic
funnypolymath, I'm the type of guy that just doesn't trust government very much, no matter who is in power. Just curious about your opinion on this...
The economy melted down...evil banks, Wall Street, boogeymen, et al, and the governmental agencies that were hired SPECIFICALLY to anticipate and protect our citizenry from exactly this sort of mess (oversight by skilled and experienced professionals in the field of macro economics and finance) appear to have been asleep at the switch. IMO, one thing that I was expecting to happen immediately, and while the Dems controlled both houses of congress and the presidency, was a serious inquisition into the mess, who screwed up, who was asleep at the switch, and the specific policies that lead to this financial catastrophe. Other than Bernie Madoff going to jail, I don't recall anything else of dramatic substance happening. Nobody's head rolled from the SEC, Fannie or Freddie, and nobody that I can think of was brought up on charges at the highest levels of Wall Street, found guilty and thrown in jail. Wall Street was the enemy, right? So why did nobody's ass fry? Why was there not a house cleaning at the highest levels of the bureaucracies who failed to predict the mess? Nobody was held accountable for this, that I know of.
Why is this? Don't you believe that the general population, citizens of ALL political stripes, would have welcomed the shedding of some serious daylight on the mess? Expose the problems, expose how we got from point A to B to C to D? And come up with a real, viable strategy for bipartisan common sense reform? (Dodd-Frank Bill? Puulease...) Toss a couple of sacrificial lambs in jail for 10 years in the process? Would this not have been a welcome "change" to business as usual in Washington DC, and an extremely populist thing to do? I mean, surely there must have been SOMEONE they could have scapegoated for all of this stuff, right?
Nope, instead we got Obamacare jammed down our throats, and told that the whole financial mess was the fault of the Republican party...when it demonstrably was not theirs and theirs alone to own.
So, in your opinion , why do you think this VITAL aspect of transparency and reform process seems to have never really happened. If it did, it certainly was not well-publicized, or could not have had very sharp teeth, otherwise someone would have screamed bloody murder...but...nothing...silence.
Just looking for opinions on this since IMO this is and has been the KEY issue of the last 4 years, but I don't really think the average person on the street knows any more about why things fell apart NOW than they did in 2008...and our "leaders" in Washington DC don't seem to be in much of a hurry to do anything about it other than insist that we keep printing money to tweak our economy rather than seeing an economy that is vibrant and healthy, especially AFTER having spent so many hundreds of billions of dollars in "stimulus". I mean, we could have this crappy lethargic economy WITHOUT all of the stimulus (translation - redistributive spending of the taxpayers' money).
Short version: we are now part of a corporate oligarchy, not a representative democracy. Obama hired the same schmucks to save the economy (Summers, geitner, Bernacke et. al) that crashed the thing in the first place. (EVERYONE should see the documentary on the financial meltdown Inside Job). Obama is part of the machine too (anyone who thinks this corporatist/centris is a commie or socialist is woefully unobservant and ignorant - he bailed Wall St. for god's Sake!).
I was one of those who, at least emotionally wanted to let all those Wall St. corps to fail - they gambled in the 'free market' - well, let' em lose all their dough when they gamble recklessly. But I admit I am not a macro-economist, so I can't really judge if that was a tenable option. I do strenuously object to all this 'free market' crap - from the Teapot Dome scandal in the 20's (or was it the teens; I forget!) to now, and probably even earlier, when the big players have been in danger of losing their shirts, we, the Sheeple, have bailed their sorry asses out. The only addition to this is now, for 20-30 years, the right has bitched about 'welfare queens' and kept racist proles fixated on that (and abortion and gay marriage) while they (the kleptocracy) pick their bloody pockets clean and send their kids off to die in wars that create more profits for weaponeers and reconstruction companies (bechtel, Halliburton etc.). The fix is in. It is UNCONSCIONABLE that the Obama admin did not embark on STRENUOUS prosecutions of these lying, stealing fat cats. But he knows who butters his bread. At the very least, he wouldn't have been re-elected. He might even have gotten a bullet in the head for his trouble.
The fact is, as long as lobbyists have unfettered access, as long as corporation have the same rights (but not the same moral framework and legal liabilities) as humans, as long as Citizen's United stands, as long as the Military-Industrial-Penal-Pharma-Energy-Minerals complex runs the media (increasingly concentrated into about SIX corporations, we will have a country heading more towards banana republic status. A third-world neo-serfdom. We are all chattel, resources, bought, sold, traded by transnational corporations.
So, the grand experiment of America has failed. not sure if it ever was real, or a fiction. We are pawns, and, apparently, the people running the show have a type of greed that is insatiable to the point that their own survival is threatened (Global Warning, Peak Oil etc.).
And yet, politician-whores like James Inhofe still take MILLIONS of payoffs from the energy industry. Their only requirement: make fun of global warming. Call it the 'greatest hoax in the history of mankind'. Interesting, given that the last thirty-odd months have ALL been warmer than the average for the 20th century.
This is kinda rushed, so probably a little disjointed (I am at work). But anyone interested can read my blog, samuelclaiborne.blogspot.com for more. And they can read three AMAZING books:
1) Addicted to war - MUST reading for Every American School age child
2)A People's History of the United States - Ditto
3) Ill Fares the Land
No one reads anymore. We do not know our history. Most Americans are NOT aware that virtually every war and conflict and skirmish we've engaged our military in, all sold to us as being about 'freedom', 'democracy' and 'liberty' have actualyl been about cheap labor and raw materials to feed the voracious maw of American Consumerism.
I am a capitalist - I work hard, own a house, believe in personal property. But this form of capitalism, what I call 'late-stage capitalism' is like a snake eating its own tale - it's greed is insatiable, and like a virus or a cancer killing a host, it seems unaware that it is depleting the very substances and systems that keep it alive.
Hope that helps.