Even the Times is noticing. Carl Hulse:
Mr. Obama did not mention that the measure he was signing, the Helping Families Save Their Homes Act, was missing its centerpiece: a change in bankruptcy law he once championed that would have given judges the power to lower the amount owed on a home loan.
[Cramdown] had been stripped out three weeks earlier in a showdown between Senate Democrats and the nation’s banks, including many that are getting big government bailouts.
Getting fucked over by the banksters is one thing. Paying them to fuck you over is quite another.
Ms. Landrieu was among 12 Democrats joining 39 Republicans to vote against the measure [cramdown], while Mr. Dodd was one of the 45 Democrats and independents who supported it — still 15 votes shy of the 60 needed to shut off a filibuster.
Well done, Harry!
Throughout it all, the banks took advantage of the Obama administration’s seeming ambivalence. Despite its occasional populist rhetoric, the White House was conspicuously absent from weeks of pivotal negotiations this spring.
Where's the ambivalence? We're looking at the Mostest Progressive Administration EVAH, headed by The Greatest Orator EVAH, supported by The Grassrootiest Organization EVAH, and if they don't invest any time in a piece of legislation -- itself miserably inadequate by the side of a real solution like HOLC -- then there's no "ambivalence" at all: They don't support it. Which is not surprising, since the administration is from the Finance Wing of the FKDP
, which exists to service the ba nksters first, last, and always.
“This would have been a much different deal if Obama had pressed it,” said Camden R. Fine, head of the Independent Community Bankers of America and one of the chief lobbyists opposing the bankruptcy change. “The fact that Obama effectively sat it out helped us a great deal.”
Indeed.
Under the bus, losers! But not before you've emptied your pockets!
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I think at this point home-losing Americans can officially
be said to be living in Obamavilles.
No more Bush bogeyman
Indeed, Obama owns the economic mess, the abuses of executive power, the sucking up to christian extremists, and any potential escalation in Af-Pak. We can no longer blame Bush alnoe for the mess.
Until the 2006 election, I was willing to accept the Bush bogeyman excuse for Dem inaction. Their lack of action since, and the beahvior of the 2008 primary disabused me of the idea that Dems were on the side of the little people.
While the treatment of Hillary and her supporters was certainly atrocious and reeked of elitism and deserves condemnation, the treatment of Hillary's ideas was most unsettling from a governance perspective. It was almost as if Dems actively opposed her most liberal policies. Whether its giving us money to buy Ramen for a month, universal health care that would lead, IMO, to single payer or HOLC, its as if to be FKD, you needed not just to oppose such measures, but ridicule them. When we point that out, it is *us* who are the evil purging bunch, just like it was during the primary.
Amen, GQ
it was the ridicule of liberal policies from the OFB
that bothered me the most - claiming that Obama was way more liberal when from even a most basic understanding of what policies were being promoted by each that Hillary was usually to the left of Obama. Oh well... we keep fighting.
Banksters-"Paying them to fuck you over is quite another" thing.
Really gets to the nut of the matter. Fookin' brilliant, lambert.
Obama and the money driven legislators aid and abet the fucking over by the Big Bankster Boiz and will do so for the Big Private Insurers and the rest of BHIP*.
Obama and the Financial Wing, the FKD Party, are not going to be thwarted unless and until they fear losing office. So far, they have no such fear and we don't have the numbers or presence to give them that fear.
*BHIP--Big Health Industry Playahs