In this segment, curmudgeon extraordinaire Dr. John (“Woody NinetyNiner”) Konopak urges the perennially low-info, denialist types in the centroid liberal legions to face a few facts about their two-faced favorite politicians.
In the hot seat: Bill Clinton.
Bill Clinton to take the stage at the DNC. A consummate con man, Slick Willie never disappoints.
“Who Sold the Farm?”
Summary
Maybe by the time you read/hear this, Former President Bill Clinton will have already had prominent role in the unfolding DNC procedings, in Charlotte. His participation will have inevitably been attended by references to the successes of his regime: Lilies gilded to within one tenth of a gram of their carrying capacity, Clinton will bask in acclaim and adulation.
So, if you are going to subject yourself to the festivities, if you suffer from some irony deficiency, perhaps, and need to stock-pile against some future shortage, I want to focus on just ONE aspect of the Clinton regime which seems to me to be highly glossed-over and will have been carefully avoided in the clamor: His connection and indeed, complicity in the devastating banking crisis of 2007-and onward, the effects of which have not substantially dissipated for average Americans even five years later.
It is worth remembering that it was Bill “Clenis” Clinton who sold the farm on financial deregulation.
At the behest of his crack team of economic superstars, Robert (Citibank) Rubin, Harvard’s misogynist Larry Summers, Allen (I call him “Ayn”) Greenspan and their towel-boy, Timmeh Geithner at the NYC Fed, Clenis at LEAST turned a blind eye on–if they didn’t actually collude with–the plans of Phil Gram and the rest of the corpoRat-owned Neo-libs in the GOP to repeal Glass-Steagall and reverse significant Depression-era reforms; reforms that were keeping retail and investment “banking” separate, and had mostly kept the psycopathic greed-heads from refucking the Economy, as they had in ’29.
SO: Cui Bono? Who profits, the wise old Roman cynic Cicero always asked with his plangent double dative!
Obviously: The bankstas, who are genetically averse to risking their OWN money, but who are pathologically eager to risk OTHER PEOPLE’S money and skim the take.
Heretofore, Glass-Steagal had forbidden bankstas from looting commercial assets for extra investment capital. That was what the Glass-Steagall did. But it was stricken, and replaced by Gram-Leach-Bliley which, with a subsequent measure that enabled the credit default swap garbage (the Commodity Futures Modernization Act, 2000; enacted by Clenis on his way out the door toward untold riches)…sowed the seeds for the coming crises.
Once that was done, what followed in ’07-09 was fucking inevitable, and they fucking KNEW it…
How do I know they knew? The logical process is called “abductive,” also “adductive,” not to be confused with the silver tape–though they have surprisingly similar properties, with which I won’t trouble you now. The question is “How do I know they knew?”
Ask yourself: Why ELSE would Rubin have so swiftly resigned from the cabinet and scurried, rat-like, over to Citibank, to cash in.” Did any of ’em LOSE money? As another Roman said: “Ipso facto! Q.E.D.
(This article first appeared as a video on World-Wide Hippies— http://www.worldwidehippies.com/2012/09/05/wwhcje-the-soapbox-who-sold-the-farm/)
John Konopak, Ph.D., is a retired former professor (of education), journalism/writing instructor, journeyman Class-A carpenter, school teacher, writer/editor/critic, radio announcer and cold-calling Kirby salesman who now resides in Albuquerque, New Mexico with his two dogs (Budreaux, the Pink-nozed Pitbull, and Hanna-Stella, the terpsichordian hound-mix.)
He claims to have been stoned since 1968.
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In collaboration with World Wide Hippies
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Bonus feature
Below Bill Clinton DNC speech preview item on The Washington Post. As is so typical of the corporate media, with no sense of irony whatsoever this material is served up by the WaPo after force-feeding the public some bullshit from some ultra corrupt multinational, including spots from Goldman Sachs, etc.. Well, you have been forewarned. —Eds
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Clinton is simply an amazing cynic, and so is his wife—both really hyper-ambitious yuppies with only a veneer of principles in their youth…long ago shed for careers in the American power mafias.
Well done!
The DNC show is as boringly predictable as the recently finished RNC “convention”—neither a convention, of course, just heavily scripted extravaganzas designed as sheer propaganda exercises.
Deserves to be rejected and attacked with passion, which the author does. The “polite gloves” must come off.
Clinton wrecked Glass-Steagal and took away Welfare from women with children and yet I have a million emails about how awesome he is. Obama is the anti-Obama.
Fed up.