[Peace-discuss] Re: Cockburn on deregulation

[mark bee]

--- On Mon, 9/29/08, C. G. Estabrook <galliher at uiuc.edu> wrote:

> From: C. G. Estabrook <galliher at uiuc.edu>
> Subject: Cockburn on deregulation
> To: cbee1uiucedu at yahoo.com
> Cc: peace-discuss at lists.chambana.net, "WEFT-Community concerns the WEFT radio station" <weft-comm at curadio.net>
> Date: Monday, September 29, 2008, 2:10 PM
> "By all rights, this last crisis has brought us to the
> crossroads where
> neoliberalism should be buried with a stake through its
> heart.  We’ve had thirty
> years worth of deregulation – the loosening of government
> supervision. This has
> been the neoliberal mantra preached by both major parties,
> the whole of the
> establishment press and almost every university economics
> department in the
> country. It is central to the current disasters. And if you
> want to identify
> symbolic figures in the legislated career of deregulation,
> there are no more
> resplendent culprits than the man at McCain’s elbow, Phil
> Gramm, and the man
> standing at Obama’s elbow at his press conference, Robert
> Rubin."

  The difference in relation to the current subject, of course, is that Obama has criticized the bill Rubin worked on, while McCain made his own pet architect co-chair of his 2008 campaign.  ;)


> 
> 
> mark bee wrote:
> > I thought it might be useful to post this here where
> folks can get some use
> > out of it.  Been doing a little digging on our current
> deregulation "crisis",
> > and apparently "whiners" authority Phil
> Gramm (recently fired from
> > co-chairing McCain's campaign and probably still
> his pick for Treasury
> > Secretary) has his fingerprints all over it.  It's
> amazing what you can do
> > with Google these days.
> > 
> > Wonder why we don't see this in the media - even
> the progressive media? ;)
> > 
> >
> http://losangeles.injuryboard.com/miscellaneous/the-subprime-mess-and-phil-gramm-an-experiment-in-deregulation.aspx?googleid=242468
> > 
> > 
> > or
> > 
> > http://tinyurl.com/5lh83s
> > 
> > Also:
> > 
> > http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
> > 
> > And who voted for it:
> > 
> >
> http://www.govtrack.us/congress/bill.xpd?bill=s106-900#votes
> > 
> > Whatever progressive reforms you favor, the money that
> would have paid for
> > them is still in the process of being shunted to the
> investor class as we
> > speak.
> > 
> > But who to tell?
> > 
> > Call Amy Goodman!   =)
> > 
> > 
> > 
> > 
> > 
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