SMRs and AMRs

Saturday, December 18, 2010

Bernie Sanders Puts Barack Obama to Shame

In an era of Democratic waffling and compromise, the Independent from Vermont actually stands up for what he believes in


By Matt Taibbi
RollingStone
December 15, 2010

Not long ago I was sitting at home writing something for publication – I won’t say what, except that it was a passage about a certain politician on the Hill. Out of habit I launched into a description that was full of nasty and personal language, and I was about to press on to the next part of the piece when suddenly I hit a mental speed bump. A voice in my head whispered – this really happened – “If you write that shit and Bernie Sanders sees it, he’s going to be disappointed in you.” So I went back and removed the gratuitous body blows from the article.

I thought about this when I watched Bernie go through his amazing one-man filibuster against the Obama tax cut deal last week. Week after week, month after month, we watch politicians who disappoint us, not just as leaders but as people, failing to achieve the basic life-competency standard we expect of most grown-ups, doing things we wouldn’t tolerate from 15-year-olds. Whether it’s Mark Foley writing sexy letters to little boys, or Charlie Rangel or Duke Cunningham or Jerry Lewis doing the pay-for-play game, or even assholes like Orrin Hatch roaring with partisan excitement when the individual mandate – his own idea – was recently declared unconstitutional by a federal judge (who himself has financial stake in the health care business), these guys fail the common decency/honesty test with unnerving regularity. It’s sad but true, but in 99.9% of all cases, you wouldn’t think of looking up to an elected official as a moral role model. Which is why Bernie Sanders is such a rarity, and people should appreciate what he’s doing not just for his home state of Vermont, but for the reputation of all politicians in general.

I was in Washington last week and visited Bernie in his office, mainly to talk about the incredible results of the Federal Reserve audit, about which I’ll be writing more in the upcoming weeks and after the New Year. The audit of the Fed was undertaken because Bernie and a few other members of congress fought very hard during the Dodd-Frank regulatory reform debate to force open Ben Bernanke’s books, and as a result we now know the staggering details of the secret bailout era. We know that Citigroup received $1.6 trillion in loans, and Morgan Stanley $2 trillion, and Goldman Sachs – the same Goldman Sachs that bragged about how quickly it paid back its $10 billion TARP bailout – over $600 billion. We know that hedge fund billionaires who moved their corporate addresses to the Cayman Islands to avoid U.S. taxes were rewarded by their buddies in government with huge Fed loans; we know that the U.S. government likewise has been extending massive loans to a variety of Japanese car companies at a time when many American auto workers in Detroit have seen their wages cut in half, to $14 an hour. There’s that and there’s more on the outrage front, and we know it all because Sanders kicked and screamed and stamped his feet about Fed secrecy until just enough other members of the Senate decided to go along with him.

(More here.)

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