Mass. voters exemplify the "Stockholm syndrome"

[JohnWxy]

Massachesetts voters upset about the Republican Deregulation Disaster which produced the Predatory Housing bubble leading to the Wall Street collapse, necessitating the Wall Street banskster bail-out - to save America from a second Great Depression, and fearing a "Government takeover of their health-care" - which they are about to lose in the next 10 years - have turned to their 'captors' for help.

(Massachusetts has NO reason to feel superior to Alabama, Mississippi, etc, anymore.)

OF course, one is forced to ask the President, "What do you think of getting cooperation from those sworn to destroy you and your dreams of re-establilshing Responsible Government in America, NOW? Kinda hard to join hands in mutual endeavor when the other party is holding a bomb in his, isn't it?"

Mr. President. You can't stop a war by standing up (in the line of fire) and saying "Can't we all just be Friends." That just earns you contempt from the sneering enemies of the notion of Government being responsible to the people (screw the founding fathers. Fascism pays better). Fascists' loyalties are to corporations (and anyone who can "pay the freight" for their services of undermining pragmatic, rational public policy). If you continue to delude yourself that you can get cooperation from those who want to make anythiing you're trying to accomplish your "Waterloo" then you will just further their goal of Feudal Capitalism for America. If you do not realize you are in a fight for democracy in American and start fighting the fascists and their disinformation (which M$M obediently repeats devotedly as legitimate descriptions of reality) you will be consigning America to a future as a has-been world-leading nation. The population will become a less educated, more fearful, obdurate, and back-biting mob of ignorant ass-holes (i.e. loyal followers of the fascsist Corporate Lobbyist Party).

You cannot work WITH those who have no interest in effective, responsible, democratic government. Anymore than you can expect to establish constructive dialogue with terrorists and anarchists.

[Demeter]

1. Not So

Massachusetts doesn't identify with its captors. And that's why they didn't vote for the Democrat.

Democrats are now the enemy. The Obama administration has delivered the party into the hands of Wall Street, and people are voting with their feet.

[JohnWxy]

2. There was no alternative to bailing out wall street banksters, even the Repugs knew that -

bailouts were begun in Cheney's reign. not bailing out the banks would have lead to a World-wide collapse that would have made Great Depression look like child's play.

Considering the bail-out was already under-way when Obama took office, a change in course would have been even more problematic. I think it's easy to say Obama has been too deferential to advisors who seem a bit too impressed with Wall Street types. But he had been handed a disaster and he didn't have any time to think of fundamental changes in policy. He HAD TO STOP A TOTAL COLLAPSE OF THE FINANCIAL SYSTEM.

Some say he should have nationalized the banks. I don't really think that is realistic. I do wish though he had done more to provide credit from the Government directly to people and small businesses who needed it. I knew that credit would be slow to be made available by banks. Their books are still in terrible shape because they held onto many bad assets (they didn't want to sell them to the TARP and take the losses) so that doesn't put them in a great position for lending.

The Republican policies of decades of fighting any attempts to increase minimum wage, of shifting tax burden away from the very rich to the middle class - these do not promote a healthy growing economy and healthy job growth. The last decade of Republican economic policies was a disaster for the average AMerican - Washington Post. If people don't have money to spend there isn't enough demand for goods and services to cause employers to add new employees. THe REpublicans have been for deregulation of financial industry for a long time. They got what they wanted in Cheney's reign (and with the insertion of the http://motherjones.com/politics/2008/05/foreclosure-phil">Commodities Futures Modernization act as a rider to the Omnibus Spending bill, 2000 - an 11,000 page document. Nobody even knew that bill which had not been able to get out of committee for two years was in there. This was the legislation that made trading in Credit Default Swaps legal and UNREGULATED. These were the instruments that appeared to make risky Collateralized Debt Obligations safe for institutional investors and thus created a huge demand for the high-rate (read sub-Prime loan) CDOs. This spurred demand for high rate bundled mortgages from unscrupulous lenders who 'flipped' the mortgages to Wall Street banks and speculators (who used formulas they didn't understand to incorrectly gauge the risk for such instruments).

The REpublicans animus toward regulation extended to bringing some adult supervision the home loan industry and to Predatory Lenders. The Bush administration used the Office of the Comptroller of the Currency in 2003 to stop 50 states attorneys General from acting to rein in Predatory Lenders when it was known they were making rediculous, fraudulent loans to people who were not going to be able to pay the balloon rates later). When Eliot Spitzer tried to go after predatory lenders in court THE BUSH ADMINISTRATION WENT TO COURT TO STOP HIM. Thus, a significant cause of the housing bubble - along with, of course, the easy money policy that Greenspan maintained too long to help make a weakening economy look better than it was. This also was a big factor in the wildly inflated housing market.




For the "average" non-wealthy American to put their trust in the Republican party is like asking for a ticket to the gas chambers. Republicans dine on souls of the 'common' people. But, then I guess some people were born to be food for the wolves. (Sometimes people's stupidity makes me feel you almost can't blame the Republicans for their boundless contempt for the 'little' people.) ....I just wish they didn't take those of us who aren't idiots down with them!