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WillyT

(72,631 posts)
Thu Nov 20, 2014, 10:32 AM Nov 2014

Enough Is Enough: The President's Latest Wall Street Nominee - Elizabeth Warren/HuffPo

Enough Is Enough: The President's Latest Wall Street Nominee
Elizabeth Warren - HuffPo
Posted: 11/19/2014 6:13 pm EST Updated: 11/19/2014 6:32 pm EST

<snip>

I believe President Obama deserves deference in picking his team, and I've generally tried to give him that. But enough is enough.

Last Wednesday, President Obama announced his nomination of Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department. This is a position that oversees Dodd-Frank implementation and a wide range of banking and economic policymaking issues, including consumer protection.

So who is Antonio Weiss? He's the head of global investment banking for the financial giant Lazard. He has spent the last 20 years of his career at Lazard -- most of it advising on international mergers and acquisitions.

That raises the first issue. Weiss has spent most of his career working on international transactions -- from 2001 to 2009 he lived and worked in Paris -- and now he's being asked to run domestic finance at Treasury. Neither his background nor his professional experience makes him qualified to oversee consumer protection and domestic regulatory functions at the Treasury. As someone who has spent my career focused on domestic economic issues, including a stint of my own at the Treasury Department, I know how important these issues are and how much the people in Treasury can shape policies. I also know that there are a lot of people who have spent their careers focused on these issues, and Weiss isn't one of them.

The second issue is corporate inversions. Basically, a bunch of companies have decided that all the regular tax loopholes they get to exploit aren't enough, so they have begun taking advantage of an even bigger loophole that allows them to maintain their operations in America but claim foreign citizenship and cut their U.S. taxes even more. No one is fooled by the bland words "corporate inversion." These companies renounce their American citizenship and turn their backs on this country simply to boost their profits.

One of the biggest and most public corporate inversions last summer was the deal cut by Burger King to slash its tax bill by purchasing the Canadian company Tim Hortons and then "inverting" the American company to Canadian ownership. And Weiss was right there, working on Burger King's tax deal. Weiss' work wasn't unusual for Lazard. That firm has helped put together three of the last four major corporate inversions that have been announced in the U.S. And like those old Hair Club commercials used to say, Lazard isn't just the President of the Corporate Loopholes Club -- it's also a client. Lazard moved its own headquarters from the United States to Bermuda in 2005 to take advantage of a particularly slimy tax loophole that was closed shortly afterwards. Even the Treasury Department under the Bush administration found Lazard's practices objectionable.

The White House and Treasury have strongly denounced inversions, and rightly so. But they undercut their own position by advancing Mr. Weiss...

<snip>

More: http://www.huffingtonpost.com/elizabeth-warren/presidents-wall-street-nominee_b_6188324.html



91 replies = new reply since forum marked as read
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Enough Is Enough: The President's Latest Wall Street Nominee - Elizabeth Warren/HuffPo (Original Post) WillyT Nov 2014 OP
Keep the spotlight on EW & keep up the good fight!!! RiverLover Nov 2014 #1
It's been more than enough. Scuba Nov 2014 #2
If anyone is still under any illusions the the Democratic Party has not been taken over djean111 Nov 2014 #3
How has she been sidelined? Fawke Em Nov 2014 #5
And that is all she will be doing, writing and talking. djean111 Nov 2014 #7
That didn't take long. n/t 1StrongBlackMan Nov 2014 #39
I hope you are not implying that I am disappointed in Warren. djean111 Nov 2014 #44
Time to get out from underneath the Democratic Party umbrella, ... aggiesal Nov 2014 #61
No, we would be asked to leave. n/t djean111 Nov 2014 #68
wow i hope she runs in 2016 belzabubba333 Nov 2014 #4
Excellent. Thanks, Sen Warren! lumberjack_jeff Nov 2014 #6
That uppity woman! Gonna piss a lot of people off. Will you cross Autumn Nov 2014 #8
You Got It !!! WillyT Nov 2014 #10
Thanks Willy Autumn Nov 2014 #18
GREAT READ! Le Taz Hot Nov 2014 #9
13-dimensional chess again.... beerandjesus Nov 2014 #11
I could cry. nt tblue Nov 2014 #13
But I was sure he wasn't going to pull this again! RufusTFirefly Nov 2014 #26
Rope-a-dope Dopers_Greed Nov 2014 #38
Hope rope-a-dope bobduca Nov 2014 #81
Some people are better off with checkers. L0oniX Nov 2014 #80
+1 There's a new one every day. woo me with science Nov 2014 #88
We weren't supposed to notice. tblue Nov 2014 #12
"Second, the White House claims that Mr. Weiss is personally opposed to inversions. Really? Did he pampango Nov 2014 #14
Doesn't that kind of cut against the opposition argument ... 1StrongBlackMan Nov 2014 #17
Is that an argument that Weiss would "DO THE JOB THEY ARE (he is) HIRED FOR"? pampango Nov 2014 #21
Yes ... 1StrongBlackMan Nov 2014 #22
I can see your logic. To 'unwind' inversions it helps for someone to know how to 'wind' them pampango Nov 2014 #24
Yes ... 1StrongBlackMan Nov 2014 #37
Twisted logic. Put a criminal in charge of stopping corruption because they know how it's rhett o rick Nov 2014 #57
Good list Thespian2 Nov 2014 #59
Once is an anomaly, twice is co-incidence Central Scruitinizer Nov 2014 #65
+100000 No kidding. woo me with science Nov 2014 #90
The easy way to unwind inversions ... staggerleem Nov 2014 #60
Sorry for the confusion. I hope the FDR quote shows his belief that liberals achieve practical pampango Nov 2014 #63
I like the quote. nm rhett o rick Nov 2014 #64
Obama's FCC choice worked out well.....LOL Ichingcarpenter Nov 2014 #27
Dang, she's smart. SpankMe Nov 2014 #15
Good for her to notice that the problem is on both sides of the aisle. I get so frustrated when Mass Nov 2014 #16
Didn't you get the memo? When our team does it, it's OK. RufusTFirefly Nov 2014 #28
So who would she nominate that's qualified? badtoworse Nov 2014 #19
oh come on Enrique Nov 2014 #36
Not demanding anyhting; I just asked a simple question badtoworse Nov 2014 #40
How about an experienced bank regulator like William Black? RufusTFirefly Nov 2014 #49
Krugman is too controversial. Black is a possible, but he might be better used at the Justice Dept. badtoworse Nov 2014 #50
Fair enough. But the key point is this RufusTFirefly Nov 2014 #51
I can't disagree with that badtoworse Nov 2014 #53
+1000000 woo me with science Nov 2014 #91
Krugman is too controversial? TinkerTot55 Nov 2014 #56
Warren said: Martin Eden Nov 2014 #48
Your insinuation that there is no one that can do the job but those that rhett o rick Nov 2014 #55
Kick and R. BeanMusical Nov 2014 #20
Election turbinetree Nov 2014 #23
I am all for Bernie and Liz!!! We either get behind those who espouse our ideals, or we sell out Dustlawyer Nov 2014 #35
Yes turbinetree Nov 2014 #58
Yes! They both know how to use the Bully Pulpit, and with the MSM having to cover them some Dustlawyer Nov 2014 #66
Now, This Must be More of the "Hope and Change" Dance. Catchy Tune! jalan48 Nov 2014 #25
Sarah Palin said something like this. Therefore, you are Sarah Palin. RufusTFirefly Nov 2014 #31
LOL-Absolutely! That's it for Sure! :) jalan48 Nov 2014 #42
You tell it, Liz! Odin2005 Nov 2014 #29
Recommend! New pick to destroy what was left of Dodd/Frank... KoKo Nov 2014 #30
Obama is a smart man. He knows about he people he picks for these position Autumn Nov 2014 #32
i can't wait to see how the GOP reacts Enrique Nov 2014 #33
The issue which has swept down the centuries and which will have to be fought sooner or later Tierra_y_Libertad Nov 2014 #34
We've seen this story so many times before. lark Nov 2014 #41
Love Me an Uppity Woman! hueymahl Nov 2014 #43
"These companies renounce their American citizenship and turn their backs on this country ..." Martin Eden Nov 2014 #45
Why isn't he appointing the opposite of this man? grahamhgreen Nov 2014 #46
Is that rhetorical? nm rhett o rick Nov 2014 #75
As John Oliver said: 'He needs a babysitter and Ichingcarpenter Nov 2014 #47
Enough is enough? Obama has been going to the revolving door from day one. pa28 Nov 2014 #52
Here's the logic - Put a Fox in charge of guarding the hen house because he knows all the tricks. rhett o rick Nov 2014 #54
oh boy, and here I was hoping BO could finally act on behalf of the interest of the people 2banon Nov 2014 #62
lets hope these are the first shots DonCoquixote Nov 2014 #67
I HATE going to HuffPo... druidity33 Nov 2014 #69
It Looks Like She Wrote It FOR HuffPo... Try Googling The Title To See If It's Been Reprinted... WillyT Nov 2014 #72
Dick Durbin also opposes Weiss Enrique Nov 2014 #70
Durbin opposing the nomination is huge. hedda_foil Nov 2014 #83
k & r. Thanks for posting. nm rhett o rick Nov 2014 #71
David Icke will be on this "financial giant Lizard". L0oniX Nov 2014 #73
She has hit DIRECTLY on Obama administration doublespeak. nikto Nov 2014 #74
And the crazy argument we hear again and again from his die hard supporters rhett o rick Nov 2014 #76
Gosh but only insiders can effect real change, dontchaknow? bobduca Nov 2014 #79
Anybody remember HILDA SOLIS's many influential acts at The Labor Dept? nikto Nov 2014 #77
K & R Quantess Nov 2014 #78
Dayum! She's running! hedda_foil Nov 2014 #82
Sanders/Warren, Warren/Sanders. Doesn't matter. We'll win, either way. nt Zorra Nov 2014 #84
Kick & Rec bobduca Nov 2014 #85
Huge K&R. woo me with science Nov 2014 #86
kick woo me with science Nov 2014 #87
Whoa...who said she was running? Who is she endorsing? Rex Nov 2014 #89

RiverLover

(7,830 posts)
1. Keep the spotlight on EW & keep up the good fight!!!
Thu Nov 20, 2014, 10:38 AM
Nov 2014

I just love her. Thanks for posting this WillyT!!

 

djean111

(14,255 posts)
3. If anyone is still under any illusions the the Democratic Party has not been taken over
Thu Nov 20, 2014, 10:47 AM
Nov 2014

by the Third Way, by banks and corporations - they are being willfully blind. Liz Warren has been sidelined.
Hillary would just continue handing the reins to Wall Street.

 

djean111

(14,255 posts)
7. And that is all she will be doing, writing and talking.
Thu Nov 20, 2014, 10:55 AM
Nov 2014

I do not think for a second that she will have any real influence on legislation. I just have the feeling she is Reid's poster girl for progressives - see? We even have one on our committee!

 

djean111

(14,255 posts)
44. I hope you are not implying that I am disappointed in Warren.
Thu Nov 20, 2014, 01:22 PM
Nov 2014

I think she has been put in a position where the current Dem leadership can say "Your concerns are duly noted".

aggiesal

(8,911 posts)
61. Time to get out from underneath the Democratic Party umbrella, ...
Thu Nov 20, 2014, 03:40 PM
Nov 2014

and start a "Progressive Party". Not that it has to be called Progressive Party,
but something that distinguishes the progressive side of the Democratic Party.
Maybe Roosevelt Party or ...
I'm sure we can think of others.

Would that change the name of this site to ProgressiveUnderground.com?

 

lumberjack_jeff

(33,224 posts)
6. Excellent. Thanks, Sen Warren!
Thu Nov 20, 2014, 10:54 AM
Nov 2014

Obama's choices of finance officals has been abysmal, and are 180° out from his rhetoric.

Autumn

(45,056 posts)
8. That uppity woman! Gonna piss a lot of people off. Will you cross
Thu Nov 20, 2014, 10:55 AM
Nov 2014

post this in our group please. and a big rec

beerandjesus

(1,301 posts)
11. 13-dimensional chess again....
Thu Nov 20, 2014, 11:19 AM
Nov 2014

Give a speech taking the right side of an issue, then appoint someone on the wrong side of the issue to implement it.

It's incredible, after all that talk about how he was outsmarting the REPUBLICANS with his brilliant tactics......

tblue

(16,350 posts)
12. We weren't supposed to notice.
Thu Nov 20, 2014, 11:20 AM
Nov 2014

We're supposed to be distracted by the immigration move.

Obama: one step forward, 10 steps backward. Obama giveth. Obama taketh away.

pampango

(24,692 posts)
14. "Second, the White House claims that Mr. Weiss is personally opposed to inversions. Really? Did he
Thu Nov 20, 2014, 11:23 AM
Nov 2014

work under protest, forced to assist this deal against his will? Did he speak out against tax inversions? Did he call out his company for profiting so handsomely from its tax loophole work? The claim of personal distaste is convenient, but irrelevant."

If they can prove that Mr. Weiss is opposed to inversions and will pursue that as government policy, then his intimate knowledge of how the process works might be an asset. As Warren states that is a rather tall hurdle to climb.

 

1StrongBlackMan

(31,849 posts)
17. Doesn't that kind of cut against the opposition argument ...
Thu Nov 20, 2014, 11:34 AM
Nov 2014

opposing something "personally" and still implementing it means that one will DO THE JOB THEY ARE HIRED FOR, right?

pampango

(24,692 posts)
21. Is that an argument that Weiss would "DO THE JOB THEY ARE (he is) HIRED FOR"?
Thu Nov 20, 2014, 11:41 AM
Nov 2014

I did not quite understand your post.

 

1StrongBlackMan

(31,849 posts)
22. Yes ...
Thu Nov 20, 2014, 11:53 AM
Nov 2014

President Obama has come out against inversion ... unwinding inversion is/will be Weiss' assignment ... the fact (assumption) that he is corporate banking tainted won't stop him from doing his job.

What continually amazes me is that so many people think that taking/doing a job and doing it well is some kind of political statement. It is not, unless that job is in politics.

As I've said before ... many here would have had Denver pass on Peyton Manning (for Quarterback) because he, once, was the very effective Quarterback for Indianapolis. Yes ... He was with the Colts; and now, he is winning games and setting records in Denver.

pampango

(24,692 posts)
24. I can see your logic. To 'unwind' inversions it helps for someone to know how to 'wind' them
Thu Nov 20, 2014, 12:04 PM
Nov 2014

in the first place.

In many posts in government we want experts in whatever field is involved who have the experience and knowledge required but we want them to follow the policy set down by the administration that appoints them. I suspect that many who post against the Weiss nomination agree with this but are suspicious of the administration's policy and what Mr. Weiss will be expected to do.

 

rhett o rick

(55,981 posts)
57. Twisted logic. Put a criminal in charge of stopping corruption because they know how it's
Thu Nov 20, 2014, 03:05 PM
Nov 2014

done. How has that worked for Pres Obama so far? I can't think of a case.

Not Gen Clapper, Brennan, Gen Alexander, Tim Geitner, Lawrence Summers, Ben Bernanke, William M. Daley, Jeff Immelt, Dave Cote, Robert Gates, Gen Stanley McChrystal, Jacob Lew, Jeremiah Norton, Gen Petraeus, Chuck Hegal, Michael Taylor, James Comey, Robert Mueller, Michele Leonhart (DEA), Lois Lerner (IRS), Arnie Duncan (education) , Rahm Emanuel, Penny Pritzker, Michael Froman as U.S. trade representative, Republican Senator Judd Gregg nominated to be Commerce Secretary, Kenneth Salazar (DINO) Dept of Interior.
None of these stellar nominations/appointments work(ed) to help the 99%. I think I left off Tom Wheeler.

He is putting a fox to guard the hen house and telling us to trust him that he told the fox not to eat the chickens. Fool me once shame on you...................... Mr. President you can't go fooling us again.

Thespian2

(2,741 posts)
59. Good list
Thu Nov 20, 2014, 03:24 PM
Nov 2014

Has this administration done much more than appoint the worst possible people to critical financial offices? Thanks, O, for getting people ready for the next economic collapse.

 
65. Once is an anomaly, twice is co-incidence
Thu Nov 20, 2014, 04:09 PM
Nov 2014

Three times is a pattern

And the list you compiled is a complete record of progressives accepting this treatment the way domestic abuse victims accept their suffering.

On the initial days, I expressed my dismay when President Obama appointed Wall Street hucksters to his cabinet. I was told to shut up. I complained when he gave away the farm on every issue and was told rope a dope.

His Dept of State mounted a coup in a key Eastern European nation, and I was told to put on a tinfoil hat.

It is so sad to say that we have been fooled, lied to and shut out over this while Democrats lose Congress.

 

staggerleem

(469 posts)
60. The easy way to unwind inversions ...
Thu Nov 20, 2014, 03:31 PM
Nov 2014

... is to pass a "corporate deserters" law, stating that if your company was originally headquartered in the US, and you move it elsewhere to avoid the responsibility of supporting the nation that supported your company, and provided it with an environment in which it could grow, you may no longer do any business here.

If leaving America means losing the American market, NOBODY will even consider it!

BTW, pampango - I find your signature somewhat confusing. Are you anti-FDR, and saying that the "New Deal" was a bad deal?

pampango

(24,692 posts)
63. Sorry for the confusion. I hope the FDR quote shows his belief that liberals achieve practical
Thu Nov 20, 2014, 03:46 PM
Nov 2014

results using their "heads". In the quote he ridicules conservative and reactionaries which is a sentiment that many share. He does show disdain for radicals ("with both feet firmly planted - in the air&quot but he was quite 'radical' himself - in a practical way.

Ichingcarpenter

(36,988 posts)
27. Obama's FCC choice worked out well.....LOL
Thu Nov 20, 2014, 12:24 PM
Nov 2014

As did his first choice for the NSA
As did his republican FBI choice


Sorry ..... I an't buying that revisionist spin

SpankMe

(2,957 posts)
15. Dang, she's smart.
Thu Nov 20, 2014, 11:29 AM
Nov 2014

It agonizes me that someone like Elizabeth Warren is not being listened to by people in influential positions, and that thrusting her to higher levels of leadership would be so hard. With her positions on these important matters, she should be easy to elect as president or to appoint as a top dog over America's financial governance.

Mass

(27,315 posts)
16. Good for her to notice that the problem is on both sides of the aisle. I get so frustrated when
Thu Nov 20, 2014, 11:33 AM
Nov 2014

Dems lash out on GOPers taking the revolving door, but stay silent when it is a Democrat.

RufusTFirefly

(8,812 posts)
28. Didn't you get the memo? When our team does it, it's OK.
Thu Nov 20, 2014, 12:24 PM
Nov 2014

Or are you just secretly working for Ted Cruz?




 

badtoworse

(5,957 posts)
19. So who would she nominate that's qualified?
Thu Nov 20, 2014, 11:38 AM
Nov 2014

How do you gain the knowledge and experience to be effective at Treasury without working in the financial industry?

Enrique

(27,461 posts)
36. oh come on
Thu Nov 20, 2014, 12:43 PM
Nov 2014

when Bush nominated Paul O'Neill as Treasury Secretary, were you demanding he be replaced by a Wall Street banker?

 

badtoworse

(5,957 posts)
40. Not demanding anyhting; I just asked a simple question
Thu Nov 20, 2014, 12:57 PM
Nov 2014

I give little credence to folks who trash one person's idea without offering something better.

RufusTFirefly

(8,812 posts)
49. How about an experienced bank regulator like William Black?
Thu Nov 20, 2014, 01:52 PM
Nov 2014

Or a Nobel Prize winning economist like Paul Krugman?

There are hundreds and probably thousands of possible appointees who understand banking from the inside and out but who aren't moles for Wall Street.

Don't be a prisoner of the Fallacy of Antiquity.

Not only is "because that's the way we've always done it" not the only answer, it's probably the wrong answer!

RufusTFirefly

(8,812 posts)
51. Fair enough. But the key point is this
Thu Nov 20, 2014, 02:08 PM
Nov 2014

There should be no reason that we have to limit our choices to Wall Street insiders and suck ups, who may not value the interests of the country above their own and those of their power-broker pals

And if there IS some reason we need to limit our choices, we need to ask some serious and very troubling questions about what sort of country we've become.

I for one am grateful to Senator Warren for drawing our attention to this problem.

TinkerTot55

(198 posts)
56. Krugman is too controversial?
Thu Nov 20, 2014, 02:54 PM
Nov 2014

Seems that was the same argument made about Sen. Elizabeth Warren when there was talk of a federal appointment for her too.
Or perhaps it's the conservative opposition to anyone who might actually DO SOMETHING to reign in the criminal element on Wall Street?

Martin Eden

(12,863 posts)
48. Warren said:
Thu Nov 20, 2014, 01:52 PM
Nov 2014
Weiss has spent most of his career working on international transactions -- from 2001 to 2009 he lived and worked in Paris -- and now he's being asked to run domestic finance at Treasury. Neither his background nor his professional experience makes him qualified to oversee consumer protection and domestic regulatory functions at the Treasury. As someone who has spent my career focused on domestic economic issues, including a stint of my own at the Treasury Department, I know how important these issues are and how much the people in Treasury can shape policies. I also know that there are a lot of people who have spent their careers focused on these issues, and Weiss isn't one of them.


I'm fairly confident Warren knows several highly qualified potential candidates and would be happy to nominate one or more of them.
 

rhett o rick

(55,981 posts)
55. Your insinuation that there is no one that can do the job but those that
Thu Nov 20, 2014, 02:53 PM
Nov 2014

have been part of the corruption is bunk. Why don't you tell us your opinion in lieu of insinuations?

turbinetree

(24,695 posts)
23. Election
Thu Nov 20, 2014, 11:57 AM
Nov 2014

And now the really true democrats are wondering what is really going on in this party, its like the old saying if you can't beat them join them, I don't think so.
And has for Warren her credibility belies on what she is, who she is, and why she is, and I have and will send my measly couple dollars to have her run and WIN.
I know its not much but when you have respect / and honesty in your convictions like her, Sanders and the progressive caucus have, and we really need to step forward and get this job done this time around.
We really can't afford this crap anymore, the newly elected Congress and there leadership have come out and said that they don't want to do anything for this county except dismantle it and then when you have people that have basically being nominated because they talk out of both sides of there mouth this is a problem, finding loop holes to find loop holes and then make loop holes easier says a lot on who's side you really are on
I hope she takes Sanders with her and the entire progressive caucus because we can win this if its on the issues, it was proven on ballot initiatives.

Dustlawyer

(10,495 posts)
35. I am all for Bernie and Liz!!! We either get behind those who espouse our ideals, or we sell out
Thu Nov 20, 2014, 12:42 PM
Nov 2014

by voting for the most "electable" who will sell us out to the powerful interests while supporting our social issues, maybe.
Sanders is pushing for Publicly Funded Elections and an end to campaign contributions and Super PACs. Elizebeth Warren knows Wall Street, how to reform it, and has the guts to do it. I cannot think of a better ticket for America! Why would we want anything else two years out? We have a window to convince them both to run together before anyone would need to worry about electability. If they ran together I don't think Hillary and whomever runs with her could beat them.

turbinetree

(24,695 posts)
58. Yes
Thu Nov 20, 2014, 03:15 PM
Nov 2014

I could not agree more, they know the issues they know what it would take to straighten this mess out and if they had a congress that backed them we would start rebuilding the infrastructure that this country desperately needs, every year we have a republican majority we fall four years behind, we are now 12 years and counting and both right wing leaders in this new congress have said they want to dismantle this government in everything.
Germany has it that you must have at least a third of the representation on a board, and when the Tennessee right wing elected officials injected themselves in the UAW vote, VW said screw you we are going to have a committee of employees in that plant.
This is what Warren and Sanders are talking about transparency for everyone and not just to the few
SO GO WARREN and GO SANDERS WE HAVE YOUR BACK TRUST US

Dustlawyer

(10,495 posts)
66. Yes! They both know how to use the Bully Pulpit, and with the MSM having to cover them some
Thu Nov 20, 2014, 04:45 PM
Nov 2014

if they make it, they can give America a BIG DOSE OF THE TRUTH! Something we haven't had in many years.
They would be our only hope of properly addressing Climate Change in time. If America switched off of fossil fuels in a big way, most other countries would start to follow suit. We could embargo the ones that don't. We have to stop acting like we can continue on this path indefinitely. By continuing to allow corporations to buy off our politicians it will never happen in time. We the People, are the only ones that can make this happen and it is in our power to do so. The question is, will we?

KoKo

(84,711 posts)
30. Recommend! New pick to destroy what was left of Dodd/Frank...
Thu Nov 20, 2014, 12:27 PM
Nov 2014

Why does Obama do this? Is it out of ignorance of Wall Street? Appeasement to Business Community? It can't be just him....it's got to be his advisers! And, they are supposedly Democrats! But, they want to wipe out the memory of the 2007 Banking Crash that caused suffering for millions with loss in 401-K's, bankruptcy, loss of homes and jobs and caused the Austerity Programs we still live under if one doesn't live in NY/DC/Silicon Valley/Texas and a few other thriving pockets that are left in the USA.

Autumn

(45,056 posts)
32. Obama is a smart man. He knows about he people he picks for these position
Thu Nov 20, 2014, 12:33 PM
Nov 2014

If he does this out of ignorance and lets his advisers have the final say on his picks it says a heck of a lot about Obama.

Wall Street wants to "wipe out the memory of the 2007 Banking Crash that caused suffering for millions with loss in 401-K's, bankruptcy, loss of homes and jobs and caused the Austerity Programs we still live under if one doesn't live in NY/DC/Silicon Valley/Texas and a few other thriving pockets that are left in the USA. "

Question is why should Obama want to help them?

Enrique

(27,461 posts)
33. i can't wait to see how the GOP reacts
Thu Nov 20, 2014, 12:37 PM
Nov 2014

defend poor Obama from that liberal Elizabeth Warren?

Side with Warren out of hatred of Obama, and populist posing? But wouldn't that legitimize Warren, who I'm sure they would like to demonize?

 

Tierra_y_Libertad

(50,414 posts)
34. The issue which has swept down the centuries and which will have to be fought sooner or later
Thu Nov 20, 2014, 12:39 PM
Nov 2014
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. Lord Acton

lark

(23,091 posts)
41. We've seen this story so many times before.
Thu Nov 20, 2014, 12:59 PM
Nov 2014

Obama talks a good game then appoints corporatists who do the exact opposite of what Obama has said he's for. He has been and will continue to be the Trojan Horse Presidency. Why would we think the people that actually run this show, the 1% of the !% would let a real populist win? Answer - they don't.

Martin Eden

(12,863 posts)
45. "These companies renounce their American citizenship and turn their backs on this country ..."
Thu Nov 20, 2014, 01:43 PM
Nov 2014

Well, they don't turn their backs on this country entirely ... they give tons of cash to politicians to create these huge looholes in the first place.

Ichingcarpenter

(36,988 posts)
47. As John Oliver said: 'He needs a babysitter and
Thu Nov 20, 2014, 01:49 PM
Nov 2014

hires a dingo......


that was about Obama's FCC pick and net neutrality.

pa28

(6,145 posts)
52. Enough is enough? Obama has been going to the revolving door from day one.
Thu Nov 20, 2014, 02:17 PM
Nov 2014

It's been "enough" for years now.

 

rhett o rick

(55,981 posts)
54. Here's the logic - Put a Fox in charge of guarding the hen house because he knows all the tricks.
Thu Nov 20, 2014, 02:52 PM
Nov 2014

And then tell those concerned that the fox was instructed not to eat the chickens.

 

2banon

(7,321 posts)
62. oh boy, and here I was hoping BO could finally act on behalf of the interest of the people
Thu Nov 20, 2014, 03:44 PM
Nov 2014

to finish off his term .. thinking he didn't have anything to lose anymore, why not act in our behalf.

geeze.

DonCoquixote

(13,616 posts)
67. lets hope these are the first shots
Thu Nov 20, 2014, 05:20 PM
Nov 2014

of the Warren presidential campaign.

And before the Hillbots say "she said she is not running" so did Hillary back in 2007.

druidity33

(6,446 posts)
69. I HATE going to HuffPo...
Thu Nov 20, 2014, 06:25 PM
Nov 2014

is there anywhere else i can read this? Also, how does one search for alternate sources?



 

WillyT

(72,631 posts)
72. It Looks Like She Wrote It FOR HuffPo... Try Googling The Title To See If It's Been Reprinted...
Thu Nov 20, 2014, 07:07 PM
Nov 2014

 

nikto

(3,284 posts)
74. She has hit DIRECTLY on Obama administration doublespeak.
Thu Nov 20, 2014, 09:16 PM
Nov 2014

Obama says he wants a certain policy to be more populist---But he appoints CORPORATISTS
again and again, as with Geitner in Finance, Wheeler at FCC and Duncan in Education.

And now this.

Obama seems unmistakeably dishonest in this way---He repeatedlyTALKS sort of populist upfront, firing up the base temporarily,
but APPOINTS CORPORATISTS NEARLY EVERY TIME.



This does not constitute honesty, IMO.

Obama TALKS for The People, BUT...
ACTS for the Corps and banks. Repeatedly.

.....................................................................................................................................................

Warren is right-on.

Obama is wrong as can be.

 

rhett o rick

(55,981 posts)
76. And the crazy argument we hear again and again from his die hard supporters
Thu Nov 20, 2014, 09:27 PM
Nov 2014

is that just because they are corporatists doesn't mean they can't serve the 99%. They go on to point out that Pres Obama says he wants whats best for the 99% and will see that his appointees follow thru. LOL. I bet Pres Obama could sell these people the Brooklyn Bridge.

Here it is: President Obama appoints conservatives because they share his ideology.

bobduca

(1,763 posts)
79. Gosh but only insiders can effect real change, dontchaknow?
Thu Nov 20, 2014, 11:59 PM
Nov 2014

Only corporatist appointees know how to make real corporate reform!

 

nikto

(3,284 posts)
77. Anybody remember HILDA SOLIS's many influential acts at The Labor Dept?
Thu Nov 20, 2014, 09:29 PM
Nov 2014

Yeah, me neither.



Solis was, in retrospect, used as publicity-for-the-base fodder, but as soon as she
was appointed, she disappeared into a black hole and was seldom heard from during her entire tenure,
and did little, if anything, of lasting impact.

I don't totally blame Solis---I think she was kicked "upstairs" and left to rot, in order to stifle any pro-labor policy in general
for Obama's real constituency---Wall St.

Labor Union policy was left to stagnate ---- remember the Employment Non-Discrimination Act (ENDA)?

ENDA went nowhere----Mission accomplished for Obama & Wall St, IMO.



Except on social issues, Obama has been sabotaging economic progressivism the whole time he's been in office,
regardless of his rhetoric.

Only dishonest people keep saying one thing (sounding "populist&quot and doing another (appointing
corporate suits to key positions).

hedda_foil

(16,372 posts)
82. Dayum! She's running!
Fri Nov 21, 2014, 01:44 AM
Nov 2014

Give them hell, Liz! You tell it and we'll yell it!

Fingers and toes crossed, but it feels like a signal to me.

 

Rex

(65,616 posts)
89. Whoa...who said she was running? Who is she endorsing?
Sat Nov 22, 2014, 12:14 AM
Nov 2014

Did she say that? Are we going to have to pick? This could get ugly. Corporations are people. Money is speech and voting. Like celebrities don't like you seeing their bad side, hush money and a very affordable penalty.

So I predict the next 2 years to be the great GOP Crybay campaign in which they blame Obama for everything and gut as much as they can. The M$M markets their more insane members while blaming Obama for everything and pump the ratings for profit.

Sorry, can't doing anything...Obama won't work with us the last two years, nobody remember the last 6. Thanks.



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