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That's nonsense. The Treasury Secretary doesn't decide QE. That's the Fed.
I addressed that. Pointing out Geithner was pointing out a trend. Wall Street.
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While members of the Fed Board are nominated by the President, they are confirmed by the Senate, and they can't be fired by the president. In other words, they are free to act as they will without fear of intimidation from the president.
Since the previous post of mine was about right-wing hypocrisy, I must laugh at your statement:
How so? I do not support the actions from them either.
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How is that different than Trump's picked for Treasury Secretary, who was an exec at Goldman Sachs and now gleefully tells us that cutting taxes on the rich is good for America?
The deregulation & de-supervisory mania (for 3 or 4 decades!) was a much more critical factor than any one person's actions, including former Presidents & particularly the incompetent present occupant of the White House. This is from an interview with William Black comparing the outcomes stemming from the 1980s S&L debacle to the more recent one:
I am not nor have I ever disputed the notions that it was earlier actions, actions we need to address, that caused the mess.
Despite his.promises Obama did nothing to address the problems. He made them worse.
Every ex-President does this. Nothing new, illegal or wrong about it.
When President Trump is doing it years from now there will be another thread with liberals screaming.
You are sadly correct there is nothing new about it. As far as being wrong I think it has a stench to it access to a ex public official can be bought and possible favors for the future can be curried. Goldman Sacs did not pay Clinton just to hear her speak.
Laws can be changed and it could be illegal in the future. This is our country not just theirs.
The Supreme Court ruling in Citizens United encouraged an acceptance of 'big dollars' & an increased lack of transparency of where the money is coming from. Senator Sanders confronted this as a significant issue that needed to be addressed - that it cannot be ignored.
The proposition that money is so influential in our elections that it's corrupting influence cannot be ignored is an underlying or root cause from which many other overlapping problems cascade.
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Originally Posted by pknopp
There is a reason the lawsuit was brought by the likes of the ACLU and not a corporation.
Vote that way next time.
Gotta laugh at the last.
Ever hear of the Mercers? The following rather lengthy article describes a case study delineating the realities (i.e. based on reality & not on libertarian, free market fundamentalist ... ideology) of the outcomes of the Citizens United ruling:
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...Robert Mercer, a reclusive Long Island hedge-fund manager, who has become a major force behind the Trump Presidency.
...After the election, Rebekah Mercer was rewarded with a seat on Trump’s transition team. “She basically bought herself a seat,” Fischer said.
...David Magerman, in his essay for the Inquirer, notes that Mercer “has surrounded our President with his people, and his people have an outsized influence over the running of our country, simply because Robert Mercer paid for their seats.” He writes, “Everyone has a right to express their views.” But, he adds, “when the government becomes more like a corporation, with the richest 0.001% buying shares and demanding board seats, then we cease to be a representative democracy.” Instead, he warns, “we become an oligarchy.” ♦
The Rolling Stones have earned 29 million for one stadium appearance. Obama is small potatoes.
On a side note, I guarantee if someone offers you 400k to speak anywhere, you will be all over it.
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