I'm heading out to Berlin tonight to visit so as I step through my check list of socks and underwear I'm thinking:
Has Obama shown his tin ear - I mean the bonus/contract AIG FUBAR matter, of course. For a normally surefooted bipartisan guy he seems to have been able to step into most of the dog sh*t on main street. As I said, a tin ear? The true believers types, aka celebrity groupies, still seem in a trance when he speaks but he's starting to fray, I think.
Has Obama blown any chance to now get any new funds to fix the US self-imposed financial mess. I think so and I suspect he may have already - its too early - fixed the outcome of the 2010 Congressional elections, assuming of course that the GOP can mount anyone not certifiably unbalanced.
Why did he drag the pompous and arrogant Summers back into government? Which leads me to wonder if Obama has any aptitude for picking the right people to surround him. Which further leads me to wonder if Obama is only a newly packaged bundle of self-interest masquerading as the benevolent one on a mission to do "good".
Why do corporations have access to reorganization bankruptcy (Chapter 11) which is a license to break contracts - you know those ones with labour unions? Why wasn't AIG forced into reorganization? Oops it was, wasn't it, just not officially. So, no official Chapter 11, so no breaking of contracts - yes, yes Summers we do know that contracts are sacrosanct in the USA.
Given that only Lehman Brothers could be allowed to go under, without the world as we know it coming to an end, who gained? Anyone now close to Obama? Anyone whispering in his tin ears? Anyone present when the original TARP fiasco was constructed?
I'd better get back to packing and make sure I've got everything my son asked me to bring over before I work myself into a full blown conspiracy, eh.
To relax and get focus again, I've re-read John R. MacArthur piece from yesterday's Harpers.org which closed with this paragraph:
"Obama, a moderate with far too much respect for the globalized financial class, is surely the unleft, unradical president. Which makes you wonder why left and right find common cause in saying otherwise.
Obama is Far From a Radical Reformer
John R. MacArthur
March 18, 2009
Harpers.org
I'll still keep thinking of Chapter 11 both specifically, in regard to AIG, and generally, as potentially having undermined the labour movement in the states, though I think I'll forget Obama and "change" for just a little while.
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