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    •  It's a big tent (13+ / 0-)

      Posting your opinion is all well but there's no need for "trojan horse" comments.

      "They're telling us something we don't understand"
      General Charles de Gaulle, Mai '68

      by subtropolis on Mon Feb 04, 2008 at 07:16:25 AM PDT

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    •  Well, OK (21+ / 0-)

      I can see that using "Trojan Horse" is a bit much. I don't particularly care that Volcker endorsed Obama, and actually, I rather reluctantly agree that it's not an entirely bad thing that "the economic crowd" is not freaking over the possibility of an Obama candidacy and presidency.

      And, furthermore, I recognize that I am much more of an anti-Wall Street radical that Bonddad and most of the rest of you are ever going to be.

      But it is simply unconscionable that anyone should believe or state that Volcker did well by the country. Furthermore, my position is that at this time, the financial system, which encompasses much more than Wall Street, is the bane and the enemy American business and real industrial capitalism. And if people can't be made to understand that, then I think the country is doomed to a slow, increasingly painful decline in living standards. I believe that if the power of Wall Street were destroyed, and capital allowed to flow to real business and entrepreneurs, that the United States could avoid that decline by creating and bringing to market the technologies and products required for a modern economy based on alternative energies.

      A conservative is a scab for the oligarchy.

      by NBBooks on Mon Feb 04, 2008 at 07:39:41 AM PDT

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      •  Now that's a post I can recommend. (6+ / 0-)

        Thanks for dialing in a more realistic and more constructive economic critique than your original diary.

        I don't fully agree with you, but I'll stand up and cheer some bits:

        Furthermore, my position is that at this time, the financial system, which encompasses much more than Wall Street, is the bane and the enemy American business and real industrial capitalism. And if people can't be made to understand that, then I think the country is doomed to a slow, increasingly painful decline in living standards.

        We'll disagree about the best medicine, but I'm with you entirely on the premise that we need major structural reforms in our economy, and that starts with a change in attitude.

        [btw I'm an Obama supporter who is not at all pleased by the touting of Volcker among his endorsements. The list includes a lot of folks who will be a LOT more helpful than he in reconstructing our social and economic fabric!]

        John McCain: Getting Terrorists off America's Lawn since 1880

        by pat208 on Mon Feb 04, 2008 at 07:46:37 AM PDT

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      •  I rec'd your diary, becauseI agree (2+ / 0-)

        Recommended by:
        DrKate, homogenius

        about Volker.  But you should probably change the title.

        There is a time when the operation of the machine becomes so odious...that you've got to put your bodies on the gears...and make it stop. -- Mario Savio

        by Boston Boomer on Mon Feb 04, 2008 at 07:48:53 AM PDT

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        •  Not enough. (2+ / 0-)

          Recommended by:
          waitingforvizzini, sdgeek

          The whole "trojan horse" thing is a gimmick.

          BondDad has built respect and a following here through a body of work that is unsurpassed by anyone on any topic at DKos. Now he's a big guy and can defend his own writing. He's certainly not above being challenged or debated.

          But swooping in with this "trojan horse" thing and discounting months of his work is bogus. It's a cheap trick and frankly, anyone who has put as much work into such a serious topic as this deserves a little more respect than that.

          Frankly, it looks to me like you're trying to play giant killer. Put. The slingshot. Down.

          "Troll-be-gone...apply directly to the asshole. Troll-be-gone...apply directly to the asshole."

          by homogenius on Mon Feb 04, 2008 at 08:26:33 AM PDT

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      •  I understand where (1+ / 0-)

        Recommended by:
        homogenius

        you're coming from.  

        But I look at it this way.  There are an awful lot of people out there who don't follow politics at all like those of us who frequent dkos.

        They're busy with their lives and their businesses. And though they may make the time to read an indepth article or two before they vote in an election, mostly they skim the headlines on politics and that's it.

        Many of those business types remember Volcker very positively as obviously bonddad does.  His endorsement of Obama as a viable candidate is huge among that group who probably have not paid much attention to any of the things that you and I have studied up on.

        My husband definitely falls into that group (though I'm slowly but surely indoctrinating him).  When I told him about the Volcker endorsement, his surprise and positive reaction were significant.

        Now did Volcker enable some of the Reagan, neo-con policies and the corporatist takeover of our government?  Yes, undoubtedly he assisted there but I think his endorsement is somewhat like Ann Coulter's endorsement of Hillary.  Hillary may not have sought it out but she's not going to repudiate it if it opens up a new group of voters willing to vote for her.  I do not think that it means that Hillary endorses or agrees with anything that Ann Coulter puts out.  

        The corresponding is true for Obama and Volcker.  The endorsement is not a bad thing for Obama.  

    •  please take this down (2+ / 0-)

      Recommended by:
      homogenius, andgarden

      it contains accusations about another poster unsupported by any factual evidence and this diary amounts to one long personal attack.

      My guess is that the Clinton campaign will come up with a plan to deal with spontaneity. -Charlie Cook

      by waitingforvizzini on Mon Feb 04, 2008 at 07:43:26 AM PDT

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    •  It's a big tent II (8+ / 0-)

      Look, I disagree with Bonddad a lot too.  But there is no doubt that he is well within the democratic tent.  His economic worldview is one that champions the middle and working class.  He's had literally dozens of diaries taking on RW economic talking points.

      Bonddad thinks a balanced budget is critical to keeping interest rates low, which in turn are critical to the economy not being choked by billions of debt owed to rich plutocrats and foreign governments.  That, in my book, is a responsible democratic position.

      I also appreciate William Greider, and I do think this Fed (especially under Greenspan) has been way too in cahoots with Wall Street investment houses and the Ayn Randian-refusal to stop the runaway train of predatory loans that were a critical enabler of the housing bubble.

      There is room for Robert Rubin, Paul Krugman and Robert Reich within the democratic tent.  It's a question of balancing progressive economic programs with budget responsibility.  I don't have a problem with that.  If taking on former Rockefeller/Eisenhower Republicans into the tent is what gives us a generation-long governing majority, I say GO FOR IT!

      I've given you a tip and a rec, because it's a good thing to point out that, despite his big fan club, bonddad isn't God.  As I'm sure he himself would admit.

      Cheers.

      "When the going gets tough, the tough get 'too big to fail'."

      by New Deal democrat on Mon Feb 04, 2008 at 07:46:36 AM PDT

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