Daily Archives: June 7, 2016

The Koch Brothers Are Trying To Handpick Government Officials. We Have To Stop Them.

Elizabeth Warren has coauthored this article on Huffington Post, The Koch Brothers Are Trying To Handpick Government Officials. We Have To Stop Them.

On Wednesday, members of the Senate Finance Committee will vote on the nomination of Charles Blahous, a Republican, to serve a second term as a public trustee for Social Security. Mr. Blahous, a prominent opponent of Social Security and the architect of President George W. Bush’s efforts to privatize benefits, is part of an army of aggressive conservative ideologues groomed for government service and bankrolled by the Koch brothers. Their purpose is clear — to tilt the game in Washington ever further in favor of corporate special interests. The Senate should reject them.

The travesty of this appointment is only partially revealed in what Elizabeth Warren wrote.  She is enabling part of the travesty by not having the guts to tell us what she has chosen to hide from us.

I have previously read The Los Angeles Times article Has President Obama appointed a fox to guard the Social Security henhouse?

That’s because Obama has taken the unusual step of renominating Blahous, a Republican, and his Democratic counterpart, Robert D. Reischauer, to second four-year terms as trustees. The Senate Finance Committee is scheduled to hold a confirmation hearing on the nominations Wednesday.

Come on Elizabeth, have the guts to tell us the whole story.

This is exactly my point when I say that Hillary Clinton would make a more dangerous President than Trump. Even “courageous” progressive “hero” Elizabeth Warren is afraid to tell us what role Obama is playing in this. If it were Trump renominating these people, she wouldn’t be afraid to tell us.

Why wouldn’t Elizabeth tell us the whole story? For someone we think has a lot of political courage, why is she carrying water for the neo-liberal Obama? Tell us the whole story, or sacrifice your reputation for having courage. OKAY, you had to compromise when you co-wrote this with Schumer, but you don’t have to keep up the pretense when you post this on your own Facebook page.


This 2008 article in The New York Times, Obamanonics, is both prescient and perhaps unknowingly unmasks all that is wrong with it.

Among the policy experts and economists who make up the Democratic government-in-waiting, there is now something of a consensus. They agree that deficit reduction did an enormous amount of good. It helped usher in the 1990s boom and the only period of strong, broad-based income growth in a generation. But that boom also depended on a technology bubble and historically low oil prices. In the current decade, the economy has continued to grow at a decent pace, yet most families have seen little benefit. Instead, the benefits have flowed mostly to a small slice of workers at the very top of the income distribution. As Rubin told me, comparing the current moment with 1993, “The distributional issues are obviously more serious now.” From today’s vantage point, inequality looks likes a bigger problem than economic growth; fiscal discipline seems necessary but not sufficient.

No, the boom didn’t “also depended on a technology bubble and historically low oil prices”.  These factors were the main cause of the boom. The deficit reduction did not usher in the 1990s boom.  The deficit reduction tempered the boom by taking money out of the private sector to lower the government debt.  When the bubble finally burst, it was the continued deficit reduction that held the economy back.  This is one of the  things that might have made Bushes attempt to undo the damage the deficit reduction was doing had he chosen some other means  than the tax cuts for the rich.  Bush could have tried the infrastructure spending that Reich would go on to urge years later to Obama.

It is just amazing how people  can look at the same facts and some can draw the absolutely wrong lessons from them.  Read the article about the opposite prescriptions offered by Robert Reich and Robert Rubin.

In talking about Obama’s self proclaimed pragmatism in economics, The New York Times article had the following to say:

Invoking pragmatism doesn’t help the average voter much; ideology, though it often gets a bad name, matters, because it offers insight into how a candidate might actually behave as president. I have spent much of this year trying to get a handle on what is sometimes called Obamanomics and have come away thinking that Obama does have an economic ideology. It’s just not a completely familiar one. Depending on how you look at it, he is both more left-wing and more right-wing than many people realize.

It is the ideology that predisposes one to take certain lessons from the facts when deciding what lessons the facts teach.  The prescience of the article was the warning that Obama was more right-wing than many people realized.

Decades Ago, Robert Kennedy Explained Something That Trump Still Doesn’t Know About The Economy

Think Progress has the article Decades Ago, Robert Kennedy Explained Something That Trump Still Doesn’t Know About The Economy.

Weeks before he was killed, he spoke on this subject at the University of Kansas, March 18, 1968 — in what President Obama called “one of the most beautiful of his speeches.”


You could include Hillary Clinton and Barack Obama among the people who don’t know this. I wonder if either Obama has forgotten what was in this speech, or if he didn’t understand the meaning of it when he heard the words. In Elizabeth Warren’s presentation about income inequality after the plenary session of the Massachusetts Democratic State Convention she used an understanding of these facts to motivate the rest of the talk.