Laura Flanders - Obama’s Deregulation Dance with Wall Street

[Donnachaidh]

http://blogs.alternet.org/speakeasy/2011/01/19/obamas-deregulation-dance-with-wall-street/

With a new Republican Congress falling all over itself to hand corporations whatever they want, it was only a matter of time before some politician turned up in the pages of the Wall Street Journal, breathlessly describing the “dazzling” and “path-breaking” nature of the free market, and vowing to get rid of regulations that have placed “unreasonable” burdens on businesses.

We just didn’t think it would be Barack Obama.

But the man who couldn’t give an executive order to halt dismissals of gay and lesbian members of the military has apparently issued an order to review regulations that stifle job creation, or place unreasonable restrictions on business, or—and these are his own words—are “just plain dumb.”

Obama’s words at times echoed U.S. Chamber of Commerce president Tom Donohue, who called for regulations to be “swept away”–and who cheered the hiring of Wall Streeter Bill Daley as White House Chief of Staff. For more on Donohue and the Chamber, check out our series “The Loaded Chamber” at our website.

Reality check: Deregulation or lax regulation, let’s not forget, led to the BP oil spill that Naomi Klein notes is still wreaking havoc on the ocean floor. It permitted ultimately deadly practices to continue at profit-mad Massey Energy. A Mine Safety and Health Administration official called those 29* miners’ deaths “preventable” this week.

More at the link --

[xchrom]

1. Recommend

[DJ13]

2. I think this photo nails it

U.S. President Barack Obama (R) listens to French President Nicolas Sarkozy during their meeting in the Oval Office of the White House in Washington, January 10, 2011.

http://www.ibtimes.com/articles/99331/20110110/obama-meets-with-sarkozy.htm#

[Poboy]

3. recommend

[emilyg]

4. kick r

[Catherina]

5. It just gets better and better. Rec'd n/t

[texshelters]

6. Very well said,

he couldn't use his executive powers to end don't ask don't tell (yes, it was law, but he didn't challenge it) but now he can say "we need to look at the burdens" burdens my ass.

Obama is already running for reelection.

Peace,
Tex Shelters

[Poboy]

7. .