LEFT OF DAYTON

THE FOX IN THE CHICKEN COOP/WHITHER THE “BAILOUT”?? | November 22, 2008

Speculation and suspicion about what political position the “most liberal” Senator, now President Elect Barack Obama, will assume once he arrives in office abounds. I understand the need to “hit the ground running”, especially considering the dire circumstances of the economy. At the same time, from this distant post,it starting to look like  the new administration is going to epitomize the line out of the old Who song, Won’t Get Fooled Again…”meet the new boss, same as the old boss…”
Hillary at State, Gates still guarding the coop at Defense. OMG. Really?
One unrepentant hawk, Gates, and saber rattling Hillary.
k, maybe Obama can focus them on HIS vision. Maybe.
With those two  he risks alienating the left even more on policy toward Iraq & Afghanistan.
He wants to stay; she’s never regretted her vote [“thought the prez was going to use diplomacy….]

And for the  Treasury post  we have the president of the New York Fed, Timothy F Geithner, from the District Bank most linked to Wall Street. Partnered with Current Treasury Secretary Paulson and Fed chairman Bernake, Geithner has been one of the architects of the current Bailout fiasco.
How well has THAT worked??? Trying to save the Monopoly Capitalist system before main street totally collapses has proven to be a task beyond the capabilities of our current technicians.

I don’t pretend to have answers but a couple of things seem clear. “saving” the big 3 looks to me like a better bet than giving Billions to banks so they can buy other banks, pay off dividends and golden parachutes and hold half million dollar weekend junkets.

Dayton’s economy is so far down the tank [the view from this post on Main Street] that another blow coming in the form of closing local GM facilities, may be one that it takes years [if ever] to recover from. With some three million direct &  related jobs on the line nationally,  the fallout in cities with GM plants and suppliers will absolutely be devastating.

And oh yes, the “big 3” did it to themselves, anyone with a brain can see that. There are cars in Japan that get 50 miles to the gallon of gas. Detroit, with the help of DEMOCRAT legislators like the recently deposed John Dingell, has resisted higher fuel & emission  standards, further digging itself in the hole as it produced various SUV behemoths that just increased USA dependence on foreign oil.

Maybe some form of nationalization is what we need.
Dump the guys who so very stupidly flew to Washington in separate corporate jets.
Implement a “Manhattan Project”  for cars?
Because giving the fox access to the chicken coop is NOT working

Some pertinent viewpoints:

Honeymoon: Left Cuts Obama Slack for Now

By: Ryan Grim and Glenn Thrush
November 21, 2008 02:41 PM EST
<http://www.politico.com/news/stories/1108/15845.html>
_____________________________________________

Dingell Loses to Waxman and Auto Stocks Dive
Call It What It Is: Corruption

By Joshua Holland, AlterNet
Posted on November 21, 2008
AlterNet
<http://www.alternet.org/story/107974/>

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61 Y/O VIET VET WORKING FROM THE LEFT OF CENTER

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