Fineman: Bailout Ushers In The Era Of Obama

[WillyT]

Fineman: Bailout ushers in the era of Obama
OK, maybe he won’t win, but the country is moving to his economic view
OPINION
By Howard Fineman
MSNBC contributor
updated 4:24 a.m. PT, Mon., Sept. 29, 2008

<snip>

WASHINGTON - The Obama Administration began at midnight Sunday.

Okay, I exaggerate.

But I am trying to make a point.

Which is this: Even if Sen. Barack Obama loses the presidential election — and of course he may — the playing field of our politics now has shifted seismically in his philosophical direction.

The era of cowboy capitalism has died, largely of self-inflicted wounds. Who knows what’s coming now? I do: A new era of tight business regulation and government intervention in the markets.

For now, and perhaps for many years, there will be no going back.

The Rubicon was crossed this weekend, when the deal was struck for a $700 billion federal takeover of the carcass of Wall Street.

At that moment, the conservative era in America, which began with Ronald Reagan’s election in 1980, ended. It did so not with a bang, but with a whimper — a cry of help from erstwhile Masters of the Universe who suddenly feared for their platinum-level lives.

Treasury Secretary Hank Paulson could hear those cries because, until two years ago, he was a Master himself.

For decades, conservatives had fought — in very good conscience — to unshackle free enterprise from the grip of statist thinking, the kind of thinking represented at its most suffocating by communism. It was a worthy fight; Hayek was right: the “road to serfdom” lies in the idea that The State is the answer to everything.

But Wall Street and Washington (especially the hacks at Fannie Mae and Freddie Mac) produced, in addition to colossal profits, a farrago of greed unseen since the Roaring Twenties, which was the last time, by the way, that the gulf between the rich and poor was as wide as it is today.

That party is over.

If Obama does win, it will be because of the economic crisis now upon us, of which the bailout it the capstone and political symbol.

The crisis has had two pro-Obama effects.

<snip>

More: http://www.msnbc.msn.com/id/26933982/

:shrug:

[symbolman]

1. Holes big enough in this asshole's logic to throw a cat through..

these media guys really truly think that they KNOW everything.. sure, they ask a lot of questions, but mostly they are fax machines for the administration, especially the REPUBLICAN Admin..

Take THIS for instance:

"Hayek was right: the “road to serfdom” lies in the idea that The State is the answer to everything."..

Sure, by giving Poor People a leg up, who MOSTLY WANT the Dignity of WORK, want to send their kids to college, etc, if we HELP them when they are down, if the STATE (via a CONSTITUITION that SAYS we need to PROTECT the Populace) Gives them any kind of HELP then they've made SERFS of them?

What total bullshit. You want to make Serfs of the People? Deny them an Economy that ALLOWS them to EARN money, while SKANKY assholes vaccum it up, along with Open Ended Defense Contracts to PALS like GE, Halliburton, etc, etc.. Opening up the Grain Stores to their BUDDIES, then telling Joe Sixpack, "Gee,sorry, the MONEY is ALL GONE..".. Fineman selling us 20 lbs of horseshit in a 10 lb sack..

THEN, he swears that Obama will force all these schmucks to make it all WORK just fine, EVEN IF MCCAIN WINS? What a Maroon.. does he wake up wondering where all the Unicorn Bites came from?

I used to like him, but he gets further and further OUT THERE, spouting Right Wing mumbo jumbo like it's fact, and REFUTING HIMSELF within a single sentence..

he's really not to be taken seriously, and I only wish HE KNEW that, but of course, like more Media guys, he KNOWS EVERY THING..

Word to yo' momma FineMan.. things are going to change alright, lying asshats like YOU will be OUTED and sent home with NO INCOME, and THAT, will be another Obama legacy I am Looking FOrward TO! :)