Yay here is your Friday News Roundup of somebody else’s News Roundup regarding Tim Geithner and Larry Summers getting beaten up by greybeards Joe Biden and Paul Volcker! Biden and Volcker are, combined, 150 years old and 150 feet tall; also they are liberal hippies.
For a year now Obama has held his nose and tut-tutted at the banks while trying to pass healthcare reform and “create or save” a few jerbs, and what does he get for it? Ten percent unemployment, no healthcare anything, a fucking naked Republican with daughters in clam-shell bras tap-dancing on Ted Kennedy’s grave, and bankers happily reporting record profits and bonuses etc. WELL THIS WILL NOT DO. So: populism!
[Y]esterday’s Obama proposal to prohibit banks to use their deposit customers’ money to speculate on Wall Street was a repudiation of sorts of his two top economic advisers, Treasury Secretary Tim Geithner and Larry Summers, both of whom argued against this proposal. Indeed, it appears that it was Vice President Biden and Paul Volcker teaming up against Geithner and Summers here.
Yay yay yay we cannot WAIT for the next Heilemann/Halperin installment — Game Change, Year 1: In Which the Game Did Not Change — where we learn that the sleeping mummy Paul Volcker was reanimated by an old Biden family gypsy incantation and sent to rescue Obama just before Larry Summers almost eated him. And then six million jobs were created or saved, the end.
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Scott Brown’s daughters will take Obama TO THE HOLE!!1!!
And what a breathless tone we’ve been using this week! It’s almost as if there are TOO MANY NARRATIVES FOR ONE NEWS CYCLE!
So long, Larreh and Timmeh.
I’m curious as to what side John Edwards was on in this policy dispute? Can anyone get ahold of him down in Haiti?
[re=499376]germansteel[/re]:
The side with the easiest craziest females who don’t use birth control.
Get rid once and for all of Geithner and Summers. Let them be president of universities, or whatever they’re good at, if anything.
Ha ha, they still think they can do something to curb the powers of banks and corporations. Isn’t that cute!
Boxcar Bertha?
I totally agree with the Hippy Comment, Sara. I bought Hippy-Litter for my cat last week (instead of my P&G endorsed non-biodegradable kind) and it totally smells! It makes sense that Wall Street would want to get as far away from the Bolker as possible. It’s like the homeless guy on the train. Never gets to sit next to anybody.
Is it too early for the banks to start running those ads that the Supreme Court allowed?
Eh, let’s see the hippies give us some real populism, like say legalizing assault and old-time tar and feathering if the victim is a financial executive.
Yay, the return of Tall Paul! 21% Prime Rate, here we come!
A spokesman for Big Bankingâ„¢, rather than releasing a statement in response, distributed copies of the checks written this morning in amounts ranging from Ten Million Dollars to Infinity Dollars, payable to every Republican candidate in the country. The memo line of each check read “Suck on this, Mr. Community Organizer!
Sara, maybe Timmy & Larwey should have tried dancing in clam shell bras.
chapter twelve: In which things are not so amusing
[re=499360]Mr Blifil[/re]: Obama only gets taken to the Brown daughters’ holes if he wins their naked dad’s auction, like anybody else.
Cause there is no greater representative of fighting progressive populism than Paul Volcker! Go get ‘em Paul.
“getting beaten up”
Naked Greek style wrestling? We want more naked pictures on Wonkette!!
Banks can’t speculate with my money? Why does the government hate freedom of speech?
[re=499401]Manos: Hands of Fate[/re]:
You don’t start a war with Big Finance with the progressives you want but rather with the progressives you have. Besides Volker can control the freethrow lane while Hopey drops in the three pointers from behind the arc.
Swish!!
[re=499404]SayItWithWookies[/re]: Don’t worry; the current Supreme Court should find that any regulations on our nation’s banks violate the Constitution.
[re=499399]Godot[/re]: The free market in action. Also, I hear that Scott Brown is the Abraham Lincoln of Taxxxachusetts, except that he did not free the slaves but rather sold some.
[re=499404]SayItWithWookies[/re]:Yeah, I can think of another time when b–HITLER!
It’s days like this that make me glad I only have five dollars in the bank and no retirement fund. Take that, Wall Street!
[re=499418]JMP[/re]: Ha ha, yes, and if Obama succeeds, get ready for the non-stop TV commercials delivered in a sad, mournful voice: “At a time when all of America is strugglying, President Obama wants to tax the very banks and Wall Street firms that gangraped the country in the first place. Tell Congress that it’s just not fair.”
I assume by hippy Sara’s referring to the fake ones on Voelker and the creaky ones on Biden. Because we’ve all seen the shots of Joe back in the 70s and he was about as anti-establishment as George Carlin’s narrow tie period.
[re=499384]Larry McAwful[/re]: Especially now that they are officially people, with billiontyes of votes to each of our pauperish one. I was happy to hear Volcker was getting more airtime in the oval office, but now that banks can buy and sell anyone in power, it’s game over. Too late. Better start sewing bananas on the old stars and stripes, cuz we are officially there, baby!
Hey, if consumers don’t want banks to speculate with their money, they are free to put their cash inside their mattress.
[re=499425]BlueStateLibtard[/re]: When the meltdown/bailout was underway last year, I started seeing bank ads that were all like “Because We Really Care About You As a Person,” spoken in that smooth voiceover they use for cardio drugs.
Volker is the Carter appointee most responsible for the 80s economic expansion usually creditted to Reagan. FACT.
[re=499376]germansteel[/re]: Yes, litterally anyone. Edwards will construe whatever anyone has in their hands as a media device and whore himself out to them.
It will look super good for him when he asks a kid crying agianst a wall, clutching his sister’s severed arm to make sure he gets his good side in that ‘folk-art’.
…
[re=499444]Darkness[/re]: WE been there since Bill Clinton sold us to the Messicans. The 5 scrotums of SCOTUS was only making it official.
[re=499444]Darkness[/re]: word.
[re=499458]BarackMyWorld[/re]: Now maybe I’m just an Econ geek, but I’ve always thought Paulie V got no respect. Reagan and that hack Greenspan took all the credit for the fact that he actually had a backbone and made hard choices that brought us out of the Ford/Nixon Malaise. There was a lot of pain but not a lot of choices.
[re=499499]Seek[/re]: Volker is kind of an economic “Jack Frost”. You don’t invite him in for dinner, but when you have a particularly nasty piece of business that needs doing, he’s the go-to guy. Republicans hate him, they prefer their economic advice come from the “fuck the rent, lay out another line” school of economic thought as espoused by Greenspan and the rest of the “Chicago School of Economics” AKA The Northern Illinois Academy For Day Traders.
At least they’ll be mad, until they impeach Obama for being a Nigerian Marxist, which will happen right after they win back majorities in both houses on the strength of a conservative “documentary” that will air on all channels for the entire month of October. Shortly after that, we’ll regress to the barter system and the congress will be stormed by starving mobs and dispatched “Night of the Living Dead” style.
So, the coming dystopia wont be all bad…
[re=499409]fishskicanoe[/re]: Volcker is pretty decent guy. Just funny that Obama’s main spokespeople always seem to be bankers.
Hey, I think I’m a PaulTard.
[re=499567]Manos: Hands of Fate[/re]: Volcker is not a banker. He’s a bank regulator. They used to be different types 20 years ago.
New Algier: Volcker served as chairman of an IB. So he was a banker.
Seek: You may be an econ geek but you may have skipped too many history classes. “…made hard choices that brought us out of the Ford/Nixon Malaise.” I think it’s unfair to exclude Carter from that list–unless of course you really want everyone to know that all the bad things happened under the Republicans’ watch;)
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