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View Diary: Failing To Respect The Third Rail (290 comments)

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  •  Bottom line, it is what he really believes in (9+ / 0-)

    doing.  He has defined himself as a neoliberal, strong free trader, open markets, and entitlement reformer since 2006 (that I have seen on video and others claim farther back).

    He is on record in 2006 saying that these "trades" need to be made with Social Security (entitlements).  

    He is on record.
    I don't understand how that's difficult for so many foiks.  The words are from his own mouth when he wasn't running for anything.

    (...except approval of the big money guys on Wall Street.  His speech was to a small gathering which included Robert Rubin who was Citigroup's CEO at the time. Obama went on to hire Jack Lew, COO of Citigroup, as Chief of Staff and now Treasury Secretary. Jack Lew is an austerity hawk* * *. Citigroup paid Jack Lew a ~$1 million bonus for being "appointed to high govt office.")

    Obama, 2006:

    Washington has been remarkably slow to adapt twenty-first century solutions for a twenty-first century economy. As so many of us have seen, both sides of the political spectrum have tended to cling to outdated policies and tired ideologies instead of coalescing around what actually works.

    For those on the left, and I include myself in that category, too many of us have been interested in defending programs the way they were written in 1938, believing that if we admit the need to modernize these programs to fit changing times, then the other side will use those acknowledgements to destroy them altogether.  

    {Hmmm... what was created back then? actually 1935 for Social Security and 1938 for Minimum Wage.}

    So, "modernize" = depart from programs "as written."  He's always believed this.


    * * *

    Lew pushed austerity in his previous jobs as White House chief of staff and as Office of Management and Budget director. And even as Lew was trying to persuade the Europeans to lighten up, his boss, the president, was unveiling an austerity budget at home. No wonder the Europeans didn’t take him seriously.

    "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

    by YucatanMan on Wed Apr 10, 2013 at 08:59:36 PM PDT

    [ Parent ]

    •  It makes no sense though outside (1+ / 0-)
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      The Hamilton Project, and 80% of what that bunch of yahoos was trying to sell has turned out to be solid bullshit.  This sort of entitlement reform is like the last ember of that bullshit crowd of nonintellectuals that just won't die.

      •  Maybe he keeps himself surrounded by too (1+ / 0-)
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        many people who all believe the same things.

        Rahm.  Lew.  Geithner.  Rubin.  And plenty more. They all believe the same things. Same with the Dept of Education guy - I have forgotten his name.

        "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

        by YucatanMan on Wed Apr 10, 2013 at 10:12:49 PM PDT

        [ Parent ]

        •  Ewwww...and Summers (2+ / 0-)
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          YucatanMan, Nada Lemming

          That guy makes my skin crawl right off my bones.  A sociopath with a big fat degree, we already know that the best sociopaths have a large IQ so that never made you special Larry like you wanted it to.  Larry's capacity for hubris was the only thing that ever set him head and shoulders above the rest.

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