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Link here
The reason I link to this is because despite what Larry Summers said in Davos ~ ""What we see in the United States and some other economies is a statistical recovery and a human recession."
Human recession??
No, Mr. Summers, it's a depression when people, individually, and collectively by the MILLIONS, lose their jobs and their families suffer.
When people lose their jobs during the midst of the worst economic climate since the 1930's does anyone think it's easy to find another job?
And this guy, the President's advisor, the same man who worked with Phil Gramm, a free market radical Republican, while he, Summers, was working for another Democratic President by the name of Bill Clinton to put into place the repeal of Glass Steagall, the same man who loosened every regulation he could, neo-liberal style,(just read Naomi Klein's 'Disaster Capitalism' for what that philosophy entails) who ignored the oversight responsibilities his job came with contributing in the creation of the risk climate that saw the fruition of this misery, ~ does he show any concern?
Not really, he'd rather cajole bankers that~'hey guys we helped you out, come on,please? Pretty please??'
From an interview Summers did with George Stephanoplous in Dec '09
The country did incredible things for the banking industry. Those things had to be done to save the economy, but no major bank would be intact, in a position to pay bonuses, if that extraordinary support had not been provided. The bankers need to recognize that. They need to recognize that they've got obligations to the country after all that's been done for them, and there is a lot more they can do, and President Obama is going to be talking with them about what they can do to support enhanced lending to customers across the country. We were there for them. And the banks need to do everything they can to be sure they're there for customers across this country."
And we wonder why Democrats are in trouble?
I don't wonder.
The adoption of the neoliberal philsophy, the naked pro-corporatism which is fed by campaign contributions from those same corporate interests to too many DLCers aka( new name "Thrid Way"), 'New Democrat', Blue Dogs Democrats and the people are FED UP.
THis is not CHANGE WE CAN BELIEVE IN.
People are PISSED OFF.
The Democratic Party that I want to belong to,that I thought I did, the Party that FDR shaped into a coalition that lasted for nearly 50 years, used to take on the corporations: through regulations like Glass Steagall and tax policies that taxed fairly, progressively, that did not sqeeze the middle class, that provided a safety net, didn't work to shred it. That Democratic Party, the Party of FDR when confronted by massive unemployment did not hold 'job summits'.
No, FDR acted. He hired a man who was given a task:put people to work.....and he did.
His name was Harry Hopkins.
Mr Summers, you sir, are no Harry Hopkins.
Unfortunately.
Can anyone tell me who in this administration is even remotely similar to Harry Hopkins? Or how about Francis Perkins?
Didn't think so.
That's our problem.
Concern for Wall St over Main St. All part of the neoliberal philosophy adopted by "New Democrats".
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