General Discussion

Octafish

(55,745 posts)

6. I love Obama.

Tue Mar 17, 2015, 09:05 AM

Mar 2015

Got friends' kids who work with him. They say he's the "real deal."

I just have a problem with the banksters carrying the day all the time. Take Larry Summers:

Larry Summers: Goldman Sacked

By Greg Palast
Reader Supported News, September 16, 2013

Joseph Stiglitz couldn't believe his ears. Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America's economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, "What would Goldman think of that?"

Huh?

Then, at another meeting, Summers said it again: What would Goldman think?

A shocked Stiglitz, then Chairman of the President's Council of Economic Advisors, told me he'd turned to Summers, and asked if Summers thought it appropriate to decide US economic policy based on "what Goldman thought." As opposed to say, the facts, or say, the needs of the American public, you know, all that stuff that we heard in Cabinet meetings on The West Wing.

Summers looked at Stiglitz like Stiglitz was some kind of naive fool who'd read too many civics books.

CONTINUED...

http://www.gregpalast.com/larry-summers-goldman-sacked/

It's not trickle down. When my friends who lost their jobs and houses and dreams are living better, I'll live better.

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Highlight:

"If the TPP would be as good for American jobs as they claim, there should be nothing to hide." [View all] Octafish Mar 2015 OP

The first thing that came flashing in front of my eyes madokie Mar 2015 #1

I love Obama. Octafish Mar 2015 #6

I also 100% trust Obama....in these times of a fascist coup do we really have a choice? Fred Sanders Mar 2015 #10

No, obviously this one would be passed by a majority in both houses so it would not TheKentuckian Mar 2015 #15

A knowledge of history and international law would be helpful in a debate about treaties versus international contracts. Fred Sanders Mar 2015 #16

Only four Senators voted against Froman MannyGoldstein Mar 2015 #2

Froman's got dual citizenship: Wall Street and Washington Octafish Mar 2015 #5

Mind blowing MannyGoldstein Mar 2015 #25

It's jaw dropping isn't it? Still scraping mine from the floor after all these years. 2banon Mar 2015 #39

That's what republicans say about our secret negotiations with Iran and other countries. n/t pampango Mar 2015 #3

It's also what my Democratic friends said about NAFTA. Octafish Mar 2015 #4

And even more republicans (the base not the politicians) say that about NAFTA and other agreements. pampango Mar 2015 #7

We've talked about this before on DU. Here's what I've found regarding NAFTA. Octafish Mar 2015 #8

To blame all bad economic events on something that is less than 3% of the economy is pampango Mar 2015 #9

These trade deals serve to lower US worker compensation. Octafish Mar 2015 #11

Really? Then why did FDR reverse the republican opposition to trade? Why do Germany and Sweden pampango Mar 2015 #14

The lesson remains that when we have similar protections in place will be when we revisit such TheKentuckian Mar 2015 #18

Perhaps we agree that 'similar protections' are what the fight should really be about, then these pampango Mar 2015 #20

Yeah, when we get them in place I'll revisit my stance. TheKentuckian Mar 2015 #31

Exactly. To compare us to Germany and Sweden where labor has so much more stillwaiting Mar 2015 #37

Just because it is not the sole cause doesn't mean it's a good thing. riqster Mar 2015 #13

It was not a 'disaster' under Clinton. And it did not cause the 'disaster' under Bush. He did that pampango Mar 2015 #17

Ummmmm... kindasorta right. riqster Mar 2015 #23

I take your word on that. You obviously know more about that area. pampango Mar 2015 #24

Any non-movable job did well, yes. riqster Mar 2015 #26

And a lot of foreign auto manufacturers moved facilities here. You can't just look at one little Hoyt Mar 2015 #28

True enough. What's the overall net impact on American autoworker employment numbers acompensation? riqster Mar 2015 #29

This message was self-deleted by its author Hoyt Mar 2015 #33

American cars were on a decline long before NAFTA. Computers/produ have affected demand for workers Hoyt Mar 2015 #34

Regardless, NAFTA had an impact. riqster Mar 2015 #35

What would you say if you learned that John Negroponte took full credit in Authoring NAFTA? 2banon Mar 2015 #40

Great post Omaha Steve Mar 2015 #12

Private negotiations are one thing. Private negotiators are another. Octafish Mar 2015 #36

Hey Pampang . . FairWinds Mar 2015 #19

NAFTA will be the bestest thing evah! gratuitous Mar 2015 #30

K&R 2banon Mar 2015 #21

'Progressive' Coalition for Fast Track and TPP Appears from Nowhere Octafish Mar 2015 #38

There's that logic thing again. senseandsensibility Mar 2015 #22

Are you sure Obama is going to screw us and endorse a bad agreement? Or is it possible a Hoyt Mar 2015 #27

It's good for American jobs, they are going to get a free trip overseas compliments of US taxpayers. GoneFishin Mar 2015 #32