I may strike the next person I hear say something about “Wall St. vs Main St.” The simplification of all of America to “Main St.” just drives me insane.
The reason 2012 feels so empty now is that voters on both sides of the aisle are not just tired of this state of affairs, they are disgusted by it. They want a chance to choose their own leaders and they want full control over policy, not just a partial say. There are a few challenges to this state of affairs within the electoral process – as much as I disagree with Paul about many things, I do think his campaign is a real outlet for these complaints – but everyone knows that in the end, once the primaries are finished, we’re going to be left with one 1%-approved stooge taking on another.
Most likely, it’ll be Mitt Romney versus Barack Obama, meaning the voters’ choices in the midst of a massive global economic crisis brought on in large part by corruption in the financial services industry will be a private equity parasite who has been a lifelong champion of the Gordon Gekko Greed-is-Good ethos (Romney), versus a paper progressive who in 2008 took, by himself, more money from Wall Street than any two previous presidential candidates, and in the four years since has showered Wall Street with bailouts while failing to push even one successful corruption prosecution (Obama).
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Continued from the same post:
This widespread and growing movement against the twin corrupting influences of money on our politics and state patronage on big business is going on everywhere – on the streets, in these courthouses, in the homes of people refusing to move after foreclosure, even in the antitax movements and the campaigns against state pensions. The only place we can be absolutely sure this battle will not be found is in any national presidential race between Barack Obama and someone like Mitt Romney.The campaign is still a gigantic ritual and it will still be attended by all the usual pomp and spectacle, but it’s empty. In fact, because it’s really a contest between 1%-approved candidates, it’s worse than empty – it’s obnoxious.
It was always annoying when these two parties and the slavish media that follows their champions around for 18 months pretended that this was a colossal clash of opposites. But now, with the economy in the shape that it’s in thanks in large part to the people financing these elections, that pretense is more than annoying, it’s offensive.
And I imagine that the more they try to play up the drama of these familiar-but-empty campaign rituals, the more irritating to the public it will all become. In fact, I wouldn’t be surprised if, before the season is out, the campaign itself will become a hated symbol of the 1% — with the conventions and the networks’ broadcast tents outside the inevitable “free speech zones” attracting protests the same way the offices of Chase and Bank of America did this fall.
The famous bull sculpture on Wall Street has been given blue balls.
(via Gothamist, who says “Wall Street really needs some relief”)
Any one else feel just a litte sick??
Regblog from fairlyoddmuse:
Couric: You’ve said, quote, “John McCain will reform the way Wall Street does business.” Other than supporting stricter regulations of Fannie Mae and Freddie Mac two years ago, can you give us any more example of his leading the charge for more oversight?
Palin: I think that the example that you just cited, with his warnings two years ago about Fannie and Freddie - that, that’s paramount. That’s more than a heck of a lot of other senators and representatives did for us.
Couric: But he’s been in Congress for 26 years. He’s been chairman of the powerful Commerce Committee. And he has almost always sided with less regulation, not more.
Palin: He’s also known as the maverick though, taking shots from his own party, and certainly taking shots from the other party. Trying to get people to understand what he’s been talking about - the need to reform government.
Couric: But can you give me any other concrete examples? Because I know you’ve said Barack Obama is a lot of talk and no action. Can you give me any other examples in his 26 years of John McCain truly taking a stand on this?
Palin: I can give you examples of things that John McCain has done, that has shown his foresight, his pragmatism, and his leadership abilities. And that is what America needs today.
Couric: I’m just going to ask you one more time - not to belabor the point. Specific examples in his 26 years of pushing for more regulation.
Palin: I’ll try to find you some and I’ll bring them to you!
Yes fairlyoddmuse, I saw that and just kind of shook my head. I think that’s the stage of grief that I’ve made it to…exasperation and disbelief.
Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.
- John McCain, apparently saying that if only the healthcare industry was more like the financial sector (which has been performing so wonderfully lately), we’d all be so much better off
Congressional Leaders Stunned by Warnings | NYTimes.com ⇢
“As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program ‘Good Morning America,’ the congressional leaders were told ‘that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.’”
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