Ok folks there are some things that must be clear by now... DLC \ and other free maerketeers

[nadinbrzezinski]

were wrong.

What emerges from this mess will be very different than what the neo-liberal, conservative, some might even use the code word CENTRIST, have told us for years

Folks we are at a historic cross roads... and yes this is very well the beginning of another world wide great depression

So we must re-regulate quite a bit, but also recreate the economy in ways that works for us... the middle class

That means we need to do what WORKS... and that is Keynesian, MIXED economies... and yes the guv'ment has a role to play

But say it after me... reaganomics, neo liberalism voodoo economics is dead and it is time for the DLC to loose any majority role in the party. Their political ideology is all but ashes right now. If we let them do what they may want to do... with the company of other chicago school boys, the future will be even more bleak

[bobthedrummer]

1. "Inconvenient truths about the New Democrats, the Third Way, Democratic Leadership Council etc."

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2973191

[nadinbrzezinski]

2. We've got plenty of them on this board, and they're still in denial

actually tragic to see

[dmr]

25. Thanks for posting that link, I'd 'kick' it if I could n/t

[bobthedrummer]

3. kick

[arcadian]

4. Mouseketeers have been running the economy?

That explains a lot.

[Ikonoklast]

18. I read that the same way

"Free Mouseketeers" running our economy.

But, somehow, in some horrid way, THAT makes sense.

[Usrename]

5. This should also be the end of the Bush Doctrine.

Whether anyone wants to admit it, the whole Bush Doctrine BS was also embraced by the DLC. That's why Hillary lost the primary.

This entire neo-liberal/neo-con agenda should be in ashes by now, completely discredited once again. The country will be split over the issue of Empire. The proponents of Empire must be tossed on the junk heap, whether they have a (D) or an (R) after their names. It won't be easy to wrest the levers of power from their iron grip. They won't go quietly.

[nadinbrzezinski]

7. Agreed, but this is an opportunity

and we cannot let it go away

[guruoo]

6. the Third Way Foundation...

'The Progressive Foundation, Inc. is funded in part Bradley Foundation from whom it received
$175,000 from 1996-1999 until Progressive Foundation was re-named Third Way Foundation.'

http://www.sourcewatch.org/index.php?title=Third_Way_Foundation


The Lynde and Harry Bradley Foundation, according to The Bradley Foundation 1998 Annual Report,
was giving away more than $30 million per year.'

"The overall objective of the Bradley Foundation, however, is to return the U.S. -- and the world --
to the days before governments began to regulate Big Business, before corporations were forced to
make concessions to an organized labor force. In other words, laissez-faire capitalism: capitalism
with the gloves off."

"To further this objective, Bradley supports the organizations and individuals that promote the
deregulation of business, the rollback of virtually all social welfare programs, and the
privitization of government services."

http://www.sourcewatch.org/index.php?title=Bradley_Foundation

[nadinbrzezinski]

8. And we have come back to Laizze faire and it is now in tatters

indeed

[guruoo]

9. Yes, same as in '29

[chupacabranation]

17. Laissez-faire. n/t

[slipslidingaway]

10. K&R n/t

[bobthedrummer]

11. k

[Romulox]

12. The DLCers are out in force on DU today. They are in a panic to defend the indefensible. nt

[Hell Hath No Fury]

13. I'll supply the stake...

if someone wants to drive it in. :party:

About damn time.

[bobthedrummer]

14. bttt

[Marrah_G]

15. Agreed Nadin

[mrreowwr_kittty]

16. Throw "free trade" in there as well

It's nothing but a scam by rich assholes to turn the entire world into a sweatshop.

[nadinbrzezinski]

19. That's what free markeeters are... free traders

it is dead...I fear

But they'll resist this to the end

[Hidden Stillness]

20. This is What You Get for Turning the Dem Party Over to Consultants, + Cutting the People Out

I am from a part of the country--(Michigan)--where people have been outraged and up in arms since the 1990s, when Bill Clinton, Al Gore and Republicans were forcing NAFTA on us, and the first of the big wave of auto plants started moving en masse to Mexico, etc., killing our manufacturing economy. I remember the "not like the old style Democrats" calling us "protectionist": capitalists and "Democrats" together, formerly unheard of. One "Democrat" after another--"Oh, I love the free market," "I have nothing against making money, let me tell you," "deregualtion is good for competition," "lowering taxes helps economic growth," all these damn lies, and we had to just sit here and take it, because there were no real Democrats anywhere anymore. Every single one of the disasters of the past 30+ years has been only and exactly because they deregulated something that was a Roosevelt New Deal regulation, all the while attacking as "protectionist," "anti-capitalist," "sky is falling," anyone who raised a concern. Now, since killing the New Deal regulation spearating the ordinary savings banks from the investment brokers--which has already given us at least two huge, disastrous savings-and-loan criminal scandals which the American people have had to bail out, now gives us the complete collapse of the financial services industry in a frenzy of throat-slitting crime. This is what Roosevelt, union, consumer group, and real Democrats, have been warning about for a genreation, and have been getting slandered all these years about--until now, when we are all collapsing into a huge, worldwide Depression exactly like what the New Deal laws STOPPED until now!

[robcon]

21. Untrue. The free market is working well.

In what economists call creative destruction, those companies who made huge blunders should disappear. The Bush administration keeping them alive is not the role of a government.

[Romulox]

23. The "free market" is being buoyed by hundreds of billions of taxpayer dollars. It's a sham.

"In what economists call creative destruction, those companies who made huge blunders should disappear."

Yeah, that's not how crony capitalism works. "Golden parachutes" funded by taxpayer dollars is how it works.

[nadinbrzezinski]

31. Read Adam Smith to get a clue

we have not been a capitalist country for decades now

[ThomWV]

35. I agree

And by the way, what is going on with the financial systems doens't have jack shit to do with free trade.

[MrsCorleone]

22. Has anyone read Dr. Robert Shiller's (of the Case/Shiller Index) new book.

He puts forth the solutions necessary to navigate and, eventually, recover from the banking crisis.

I am in no way endorsing this book yet, as I just starting reading, and because I am always suspicious of underlying motives. That being said, Dr. Shiller moves the market these days with his monthly CASE/Shiller housing index, as most market players know.

For many years he had been sounding the warning bells about this looming financial disaster, but no one listened when it would have made a difference. Of course, they are listening to him now.

It would be great if others could read, as well, so that we can discuss his proposals.

Linky to Shiller's site: http://www.econ.yale.edu/~shiller/

For busy bees and multi-taskers, download the audio version, most likely found on iTunes.

[bobthedrummer]

24. They are working the same street, on different sides-kick

[FLAprogressive]

26. Kick for the Republican wing of the Democratic party. n/t

[nadinbrzezinski]

33. They are in a tizzy these days

[FLAprogressive]

34. Oh well -- their Wall Street Buddies will get a nice little bailout soon.

[nadinbrzezinski]

36. A few, most won't

And it took about a decade to prosecute some of those responsible for 1929... it is just glacially slow

[FLAprogressive]

37. I know who the DLC/Blue Dog/Corporate Dems DON'T want to prosecute!

Starts with "Bush" and ends with "Co."

:(

[nadinbrzezinski]

38. well even that may chance as they feel the true anger of

the people who I fear are gathering bags of feathers, hot tar and rails...

[KharmaTrain]

27. The End Of The Consumer Society

For most of our lives we lived with "convenience" and a mass marketing culture that came out of the prosperity of the post WWII years, but had long since fallen apart, along with the middle class, in the late 70's and early 80's. So instead of spending what you made or saved, we became a society that borrowed and put things in plastic...expanding the needs as the consumer world grew. It went from owning a car to a cellphone to a house to a wide screen to a computer...this fed a global engine that revolved every month with the interest charges.

The market by its own nature could never self-regulate. A company's "fiduciary duty" is to its stockholders first and foremost. And that means to make profits in whatever means possible. This became more accute as companies showed constant profits and stock price increases...it was a shell game that credit became more and more of a key player. The game worked as long as there were more people wanting to borrow and prices continued to rise.

The passing of the bankruptcy bill in '05 was the catalyst that has led to this disaster. It took the reigns off the banks to increase rates and they went hog wild with junk loans that they felt would bring in bigger bucks as the real estate ponzi game continued. How did they not know that when rates when from 5% to 15%, people wouldn't start foreclosing? Of course they expected the government to bail them out...but this was a preventable crisis that still has yet to run its course.

Friedman economics never worked...but what kind of mess it has yet to create is still to be determined. Be assured that only band-aids will be applied from now through Jan. 20th.

[Waiting For Everyman]

28. Yes!

[LWolf]

29. Rreaganomics, neo liberalism voodoo economics is dead,

and it is time for the DLC to lose any majority role in the party.

:kick:

[bobthedrummer]

30. kick

[bobthedrummer]

32. and another