President Obama ran on the idea of hope for the future. When he was elected, the future looked so bright that we all thought we’d have to wear shades. Now to see a bright future we need the proverbial rose colored glasses.
There’s been a lot of grumbling about Obama in the liberal blogosphere for quite some time now. I’ve refrained from the same kind of bashing because I know that he is better than the alternative would have been. Although can you imagine how distracted from the current debt crisis we would be if Palin were V.P.? Actually, not even I can go there—in all likelihood a Republican in the White House would have meant an automatic debt increase, just like it has been increased 70 times during my lifetime.
This time the GOP is playing with fire. For the first time since credit ratings were invented (even before the market crash of 1929), the safest credit in the world could be reduced by at least one rating agency to the lowest possible rating. We have Michelle Bachmann opining that it is no big deal; the government will still pay its interest. The boys on Wall Street, who have a pretty good idea what will happen if the U.S. loses its Aaa rating, have got to be wondering about the monster they have created with their donations to GOP candidates and conservative think tanks and PACs and 527s. I’d say let them suffer, but we will all be suffering along with them, and I’m no martyr.
What finally got my dander up is a report that Obama is not going to appoint Elizabeth Warren to head up the Consumer Financial Protection Bureau. Elizabeth Warren wrote the book. She is so popular that she even had a rap song written about her. But, in keeping with the GOP theme that if Obama wants it, it must be stopped, the GOP threatened to block her nomination. So Obama caved and decided to nominate someone who works for her. The good news is that the guy he’s appointing, Richard Cordray, is famous for investigating mortgage foreclosure practices. The bad news is that the GOP has already declared that they will block his nomination.
See, the GOP doesn’t want anything that Obama wants. They don’t want to upset the money bags on Wall Street again. They don’t want no stinking regulations that might help ordinary Americans get a voice about the financial products they use.
Homework
Timbuk 3 The Future's So Bright
Blogosphere Bashing in 2008
Warren Rap Song
Warren Bypassed
There’s been a lot of grumbling about Obama in the liberal blogosphere for quite some time now. I’ve refrained from the same kind of bashing because I know that he is better than the alternative would have been. Although can you imagine how distracted from the current debt crisis we would be if Palin were V.P.? Actually, not even I can go there—in all likelihood a Republican in the White House would have meant an automatic debt increase, just like it has been increased 70 times during my lifetime.
This time the GOP is playing with fire. For the first time since credit ratings were invented (even before the market crash of 1929), the safest credit in the world could be reduced by at least one rating agency to the lowest possible rating. We have Michelle Bachmann opining that it is no big deal; the government will still pay its interest. The boys on Wall Street, who have a pretty good idea what will happen if the U.S. loses its Aaa rating, have got to be wondering about the monster they have created with their donations to GOP candidates and conservative think tanks and PACs and 527s. I’d say let them suffer, but we will all be suffering along with them, and I’m no martyr.
What finally got my dander up is a report that Obama is not going to appoint Elizabeth Warren to head up the Consumer Financial Protection Bureau. Elizabeth Warren wrote the book. She is so popular that she even had a rap song written about her. But, in keeping with the GOP theme that if Obama wants it, it must be stopped, the GOP threatened to block her nomination. So Obama caved and decided to nominate someone who works for her. The good news is that the guy he’s appointing, Richard Cordray, is famous for investigating mortgage foreclosure practices. The bad news is that the GOP has already declared that they will block his nomination.
See, the GOP doesn’t want anything that Obama wants. They don’t want to upset the money bags on Wall Street again. They don’t want no stinking regulations that might help ordinary Americans get a voice about the financial products they use.
Homework
Timbuk 3 The Future's So Bright
Blogosphere Bashing in 2008
Warren Rap Song
Warren Bypassed
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