How Does Greg Palast Get Away With It?
The only answer I can think of is – because he is telling the truth! It may surprise you to know that, in this day and age, the truth can still be spoken – but he is living truth that it can be done. And in some detail.
The following is taken from his book Billionaires & Ballot Bandits – and the Chapter Penny’s from Heaven. It explains how Obama became President – something I have always wondered about.
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Barack Obama means “The Blessed one we have been waiting for.” But who was waiting for him?
We never heard of this guy before 2004. Less and three years before taking the Oval Office, he was in the Illinois State Senate. a swamp of scammers, backhanders, and Party Machine tools, not a stellar lanchpad for the Presidency.
Then One day the Blessed One was visited by his fairy godmother. Her name was Penny Pritzker.
Plenny’s net worth is listed in Forbes as $1.8 billion, which is one hell of a heavy magic want in the world of politics. Her wand would have been heavier, and her net worth higher, except that in the 1990s the federal government fined her $400 million for the predatory, deceitful, and racist tactics of the bank she owned on the South Side of Chicago.
Penny did not like that. No, not one bit.
What she needed was someone to give her Hope and Change. She hoped someone would Change the banking laws to let her get away with this crap.
Pritzer introduced the neophyte state senator to the Ladies Who Lunch (that’s really what they call themselves on Chicago’s Gold Coast). Obama got lunch, gold, and an introduction to Robert Rubin, former Secretary of the Treasury, former Chairman of both Goldman Sachs and Citibank. Even atheists recognized Robin as the Supreme Deity of Wall Street…
What did Rubin get for showering the Blessed One with gold? Obama agreed to take care of Rubin’s poodles, Larry Summers and Tim Geithner. They became Obama’s first cabinet picks, Summers as economics czar and Geithner as his czarina, Secretary of the Treasury.
These were the two gents who, under Treasury Secretary Rubin, and deregulated and decriminalized the kind of banking activity that had got Penny in so much hot water. Despite their banking-law destruction spree having brought the planet to its financial knees, Summers and Geithner we back in the saddle – Obama’s horse but Rubin’s saddle.
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This give you a feel for his style – muckraker. He can get away with telling the truth – because he is restricted to a small audience. The Official Media never heard of him.
Reading him is not an elevated experience. He dishes up dirt, dirt, and more dirt. While all of it is the real stuff – I can only stand in it small doses.
He provides no context for what he says – which is simply that America the Great has fallen. And may take the rest of the world down with it.
Will the Chinese be Supreme?
NY Review
I hesitate to refer you to another article in the Review – when I already referred you to another one today - Afghanistan: The Way to Peace.
I only mention it in case you are interested in the subject – as I am. This is also a review of three books – all with different conclusions.
The most common view (the one in the first book) is that China’s coming dominant position in the world’s economy will automatically lead to political dominance. The other two authors are not so sure – but for entirely different reasons.
I am hopeful that America’s lead in software – will compensate somewhat for its weaknesses elsewhere.
The Review’s online presence is a perfect reproduction of what you get on paper. You can easily read it for yourself – and come to your own conclusions.
Political comment
Sociology