I am so very glad that Pam and Russ Martens have written this article
below. I had intended to write something on this topic, and
I probably would not have done it nearly so succinctly
and so well.
The excerpt below is just a taste of a longer and more interesting piece, and
I suggest that you read it.
While the Republicans are temporarily fragmenting along lines of personal
ambition and various billionaire special interest groups, the Democrats are
continuing to split between the Wall Street and populist progressive
wings.
And The Clinton are the unabashed leaders of the big money wing of the
party. With regard to the most recent series of financial crises, the
Clinton's set the stage, and Bush II enacted it.
It seems likely that if unchallenged, the party bosses will be running
roughshod over the concerns of the progressive and
reform-minded elements of their constituency.
Another election of Bush v. Clinton would be a suitable emblem for the
decline of democracy.
The next election, I believe, will be the opening act in an interesting
decades long evolution of the American Republic.
Wall
Street On Parade
Debating Hillary for President: Robert Reich v. Nomi Prins
By Pam Martens and Russ Martens: May 25, 2015
Robert Reich, former Labor Secretary in Bill Clinton’s administration and
currently Professor of Public Policy at the University of California at
Berkeley, is an important voice for tackling income inequality in America by
bringing back the Glass-Steagall Act, busting up the too-big-to-fail banks,
and imposing a securities transaction tax...
Unfortunately, Reich, an otherwise clear-eyed progressive has a deep blind
spot. Her name is Hillary Clinton...
There is one person in America who might be able to change Robert Reich’s
mind about Hillary before he blows his otherwise stellar work on taming Wall
Street with an unwise gambit of getting deeper into the Hillary camp. That
person is Nomi Prins, a Wall Street veteran and meticulous researcher on the
democracy-shriveling nexus between Wall Street and the Oval Office...
A column by Prins on Hillary Clinton’s Presidential attributes was posted to
Paul Craig Roberts’ web site last Friday. It is not the detail-lite version
on Rubin. Prins writes:
“When Hillary Clinton video-announced her bid for the Oval
Office, she claimed she wanted to be a ‘champion’ for the American people.
Since then, she has attempted to recast herself as a populist and distance
herself from some of the policies of her husband. But Bill Clinton did not
become president without sharing the friendships, associations, and
ideologies of the elite banking sect, nor will Hillary Clinton. Such
relationships run too deep and are too longstanding…
“Though she may, in the heat of that campaign, raise the bad-apples or
bad-situation explanation for Wall Street’s role in the financial crisis of 2007-2008,
rest assured that she will not point fingers at her friends. She will not
chastise the people that pay her hundreds of thousands of dollars a pop to
speak or the ones that have long shared the social circles in which she and
her husband move…”
Read the entire article at Wall
Street On Parade here.
