News, Views and Careers for All of Higher Education
Nov. 10
— Scott Jaschik and Elizabeth Redden
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The real potential problem with Summers is his economic positions. He was one of the deregulation dogmatists who helped to create the present crisis. In 1999 when he was named Treasury Secretary, Ken Lay (!!) congratulated him, and Summers responded with a thank-you note and the handwritten p.s. “I’ll keep my eye on power deregulation and energy market infrastructure issues.”
bob, at 1:50 pm EST on November 10, 2008
Right-wing radio branded Obama as a radical leftist—a lunatic fringe. A danger to democracy. Odd, since he and his advisors tend toward pro-corporate, anti labor policies. He is closely affiliated with existing Power—hence the enormous money behind him. He became a major candidate because he gambled on opposing the Iraq War from the beginning, making him look like a prophet. On all other matters his voting and poloccies are “centrist,” it seems to me. And even to consider Summers as Treasury Sec. . . . Well.
Suppose the top power elite are divided between “right” and “left.” That is, they disagree over how best to keep the rabble in line at home and manage the Empire abroad. “Centrists” are compromisers between these two elite rivalries.
What if Paul Wellstone were still alive? What if Kucinich had been nominated? If Obama is as far to the left as it’s possible (allowable?) to get, then what about Kucinich’s analysis of things? What about his proposals, as in national health care, immediate withdrawal from Iraq and Afghanistan? What about bailing out the average people who got hoodwinked instead of the very folks who, in the name of “free market” deregulation, got us into this mess took advantage of them? I refer to the mythology that free markets can do no wrong and a people’s government can do nothing right, that “‘greed,’ for want of a better term, is good.” Summers has advanced such an idea.
What if the media stopped badgering Ralph Nader about being a spoiler and actually let him speak? He has an alternative analysis: how corporations dominate and exploit workers and consumers alike, and dominate and hijack the people’s government besides.
I voted for Cynthia McKinney and Rosa Clemente of the Green Party. Their policies strike me as much more democratic than Obama’s. Ludicrously painting Obama as a radical commie is a way of drowing out the alternative analyses that most of the lower 80 percent of the population might like to consider, if they knew it existed.
It isn’t Right vs. Left. It’s top vs. bottom. Just to say it like that is already off the official spectrum of discussion. I’m tempted to say our media is the most ingenious propaganda system ever devised. It’s the larger analysis we’re missing.
Perryville, at 11:40 am EST on November 11, 2008
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Larry Summers
If Mr. Obama were to appoint Mr. Summers as Treasury Secretary, I would take that as confirmation that Mr. Obama wants to be re-elected in 2012 more than he wants to please the wackadoos on the left.
DBL, at 1:25 pm EST on November 10, 2008