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Few things interest me less at this point than royal court personnel changes. I actually agree with the pro-Obama/Democratic-Party-loyal commentators who insist it doesn't much matter who becomes White House Chief of Staff because it's Obama who drives administration policy. Obama didn't do what he did in the first two years because Rahm Emanuel was his Chief of Staff. That view has the causation reversed: he chose Emanuel for that position because t
Few things interest me less at this point than royal court personnel changes. I actually agree with the pro-Obama/Democratic-Party-loyal commentators who insist it doesn't much matter who becomes White House Chief of Staff because it's Obama who drives administration policy. Obama didn't do what he did in the first two years because Rahm Emanuel was his Chief of Staff. That view has the causation reversed: he chose Emanuel for that position because that's who Obama is. Similarly, installing JP Morgan's Midwest Chairman, a Boeing director, and a long-time corporatist -- Bill Daley -- as a powerful underling replacing Emanuel isn't going to substantively change anything Obama does. It's just another reflection of the Obama presidency, its priorities and concerns, and its overarching allegiances.
There's a section of my forthcoming book about the rule of law which examines the direct causal line between the vast number of Wall Street officials in key administration positions and the full-scale exemption from accountability which financial elites enjoy even for the most egregious lawbreaking. When you compile all of those appointments in one place, the absolute stranglehold large-scale corporate interests exert over virtually all realms of government policy is quite striking. But it's nothing more than what the economist Nouriel Roubini meant when he told the makers of the 2010 documentary "Inside Job" that Wall Street has "captured the political system" on "the Democratic and the Republican side" alike, or what Simon Johnson describes as "The Quiet Coup": "The government seems helpless, or unwilling, to act against" elite business interests.
Shipping in a JP Morgan executive to be White House Chief of Staff isn't a cause of any of this; it's just a nice symbol for what our political culture is, more than ever in the Era of Change. It's the other side of the revolving door that sent Peter Orszag to his multi-million-dollar a year reward at Citigroup for his 18 months in an administration which lavished that bank will all sorts of gifts. Getting exercised about Bill Daley's empowerment is like going to the beach and being angry that it's full of sand: this appointment is the inevitable by-product of the essence of Washington and of the Obama presidency. It's what they do and who they are. As Matt Stoller suggested, the most surprising thing about the Daley pick is that he has no Goldman Sachs experience.
Read the full article at Salon...
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Few things interest me less at this point than royal court personnel changes. I actually agree with the pro-Obama/Democratic-Party-loyal commentators who insist it doesn't much matter who becomes White House Chief of Staff because it's Obama who drives administration policy. Obama didn't do what he did in the first two years because Rahm Emanuel was his Chief of Staff. That view has the causation reversed: he chose Emanuel for that position because that's who Obama is. Similarly, installing JP Morgan's Midwest Chairman, a Boeing director, and a long-time corporatist -- Bill Daley -- as a powerful underling replacing Emanuel isn't going to substantively change anything Obama does. It's just another reflection of the Obama presidency, its priorities and concerns, and its overarching allegiances.
There's a section of my forthcoming book about the rule of law which examines the direct causal line between the vast number of Wall Street officials in key administration positions and the full-scale exemption from accountability which financial elites enjoy even for the most egregious lawbreaking. When you compile all of those appointments in one place, the absolute stranglehold large-scale corporate interests exert over virtually all realms of government policy is quite striking. But it's nothing more than what the economist Nouriel Roubini meant when he told the makers of the 2010 documentary "Inside Job" that Wall Street has "captured the political system" on "the Democratic and the Republican side" alike, or what Simon Johnson describes as "The Quiet Coup": "The government seems helpless, or unwilling, to act against" elite business interests.
Shipping in a JP Morgan executive to be White House Chief of Staff isn't a cause of any of this; it's just a nice symbol for what our political culture is, more than ever in the Era of Change. It's the other side of the revolving door that sent Peter Orszag to his multi-million-dollar a year reward at Citigroup for his 18 months in an administration which lavished that bank will all sorts of gifts. Getting exercised about Bill Daley's empowerment is like going to the beach and being angry that it's full of sand: this appointment is the inevitable by-product of the essence of Washington and of the Obama presidency. It's what they do and who they are. As Matt Stoller suggested, the most surprising thing about the Daley pick is that he has no Goldman Sachs experience.
Read the full article at Salon...
Few things interest me less at this point than royal court personnel changes. I actually agree with the pro-Obama/Democratic-Party-loyal commentators who insist it doesn't much matter who becomes White House Chief of Staff because it's Obama who drives administration policy. Obama didn't do what he did in the first two years because Rahm Emanuel was his Chief of Staff. That view has the causation reversed: he chose Emanuel for that position because that's who Obama is. Similarly, installing JP Morgan's Midwest Chairman, a Boeing director, and a long-time corporatist -- Bill Daley -- as a powerful underling replacing Emanuel isn't going to substantively change anything Obama does. It's just another reflection of the Obama presidency, its priorities and concerns, and its overarching allegiances.
There's a section of my forthcoming book about the rule of law which examines the direct causal line between the vast number of Wall Street officials in key administration positions and the full-scale exemption from accountability which financial elites enjoy even for the most egregious lawbreaking. When you compile all of those appointments in one place, the absolute stranglehold large-scale corporate interests exert over virtually all realms of government policy is quite striking. But it's nothing more than what the economist Nouriel Roubini meant when he told the makers of the 2010 documentary "Inside Job" that Wall Street has "captured the political system" on "the Democratic and the Republican side" alike, or what Simon Johnson describes as "The Quiet Coup": "The government seems helpless, or unwilling, to act against" elite business interests.
Shipping in a JP Morgan executive to be White House Chief of Staff isn't a cause of any of this; it's just a nice symbol for what our political culture is, more than ever in the Era of Change. It's the other side of the revolving door that sent Peter Orszag to his multi-million-dollar a year reward at Citigroup for his 18 months in an administration which lavished that bank will all sorts of gifts. Getting exercised about Bill Daley's empowerment is like going to the beach and being angry that it's full of sand: this appointment is the inevitable by-product of the essence of Washington and of the Obama presidency. It's what they do and who they are. As Matt Stoller suggested, the most surprising thing about the Daley pick is that he has no Goldman Sachs experience.
Read the full article at Salon...