Paul Volcker endorses Obama.

This is insane. If Kennedy and Volcker are both endorsing the same guy, that’s not a sign that a new age of post-partisanship and an era of good feelings is being ushered in; it’s a sign that Our Betters are shitting their pants.

[VOLCKER] “It is only Barack Obama, in his person, in his ideas, in his ability to understand and to articulate both our needs and our hopes that provide the potential for strong and fresh leadership. That leadership must begin here in America but it can also restore needed confidence in our vision, our strength, and our purposes right around the world.”

President Carter appointed Volcker to Fed chairmanship in 1979 and President Reagan replaced him — with Alan Greenspan — just a couple of months before the 1987 stock market crash. He is widely respected among central bankers, Wall Street and economists for breaking the back of inflation in the 1980s — at the cost of the deepest recession the country has seen since the Great Depression. An economist, he was earlier president of the Federal Reserve Bank of New York from 1975 to 1979 and an under secretary of the Treasury from 1969 to 1974.

Like Sterling said: Austerity.

Yes, I’m sure that a new-found sense of unity, and especially a total avoidance of accountability, will be very welcome to the wealthy who stripped the country of its assets, and are now planning to retire to their mercenary-guarded gated communities.

Look out! Look out! Look out!

NOTE “Confidence” is a dogwhistle to the investor class, right?