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"We are no more divided than we were in the 1950s and '60s, when civil rights and the Vietnam War and the feminist revolution split the country. But where the legislative process once worked to harmonize those differences, today it accentuates them.
The difficulty with saving troubled organizations, he says, is that the creditors and interests fight over the remains rather than banding together to nurse the body back to health. "Every one of those negotiations was about getting people to see their self-interest in moving the institution forward," he recalls.
Last year he was appointed to the United States Senate. After a year in the body, what he sees looks uncomfortably familiar: a culture of mistrust in an institution that requires radical transformation. Stakeholders ferociously trying to eke out every last advantage, and in doing so, destroying the very thing they all have a stake in."
If so, then I can understand why you seem content with the coming destruction of the middle class.
Notice how people are celebrating how the recession is over (only for the corporate elite), the drum beat to dismantle SS & Medi-Care with deficit scare tactics and any move to tax the wealthy or invest domestically is greeted with shouts of socialism, while the deafening silence when it comes to furthering corporate interests in foreign lands.
We need a movement for campaign finance reform and/or add an amendment to the Constitution in the spirit of the Founding Father Jefferson.
No I am not kovert. I don't own my own business either.
I am a slave to the corporation at the moment.
I just see that both the Dems and Repubs are corrupt to the bone and the power in charge is through the Treasury and the Federal Reserve.
Get the bankers out of government and you might have a chance.
Get the lifetime cronies out of the legislature and you might have a chance.
The very people you need to pass your bill will never do it. You need the right people in government first to really clean house.
Until people wake up to that..it will be BAU regardless of the party in power.
"Who owns Washington? The lobbyists, or us? It's up to you. Please help."
NEITHER should own Washington, but I'd be curious to see who has caused more financial damage to the country, the lobbyists, who usually ask for special tax cuts, or "us", who usually ask for checks..
The Dems have abysmally failed in their role as the party of workers, of labor unions, particularly in the private sector with less than 10% represented by unions.
"The union membership rate for public sector workers (37.4 percent) was
substantially higher than the rate for private industry workers (7.2 percent)."
Both parties are pale imitations of what they once were.
Unless we have publicly financed campaigns, we will continue to get half a**ed reform if any at all.
"The website Politico.com reports that the reelection campaign of Tennessee Senator Bob Corker -- who's one of the key negotiators on financial reform -- sent an e-mail to Wall Street lobbyists and others soliciting contributions of up to $10,000 for a chance to meet or grab a meal with the senator.
Informed of the e-mail, Corker was shocked -- shocked! -- saying the e-mail was "grotesque and inappropriate." But did House Republican leader John Boehner think it was inappropriate last week when he advised the American Bankers Association to fight back against the proposed rules and regulations?"
IMO- It is not just Wall St. It is the elite wealthy. They have the power and the control. And I do not "blame" them because they are just taking care of themselves. Why should they look out for you?
Where do you spend your money? What % of your income goes to huge corporations as opposed to local, independent business? People need to decide to make different choices with their incomes to make a change.
On a side note: Why are lawyers never implicated as part of the problem? It is always "Wall St."
When Congress screws up, as in the housing collapse, they always start looking for someone else to blame, instead of admitting that they were responsible.
Obama's bank bashing is merely a weak attempt at providing cover for the members of his party who were most responsible for the subprime meltdown, none of whom have admitted any wrongdoing.
Barney ('I want to roll the dice on subsidized housing') Frank is still in Congress, the last time I checked.
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