Saturday, September 4, 2010

Warren Waits and Waits...Warren Who?

President Obama is still stalling on the Elizabeth Warren nomination to head the Consumer Financial Protection Bureau. Presumably there is a Vegas line on her chances of receiving the nod. Cynics are suggesting the chances are slim and none. For others it is virtual line in the sand: If the President doesn't nominate Warren, who is clearly best-suited for the job, then it is the final proof that the fix is in. Timothy Geithner, Larry Summers and the rich guys on Wall Street don't want her for one simple reason: They are afraid she is incorruptible, meaning she will actually do her job. They want their gravy train to continue and to hell with the rest of us.

Me, I think he will nominate her, though I am far from convinced. One could argue he is dragging this out as long as possible so the public, what with its chronically short memory, will forget why so many wanted her in the first place.

I mean, shit, forgetfulness is a plague on our public discourse.  According to the Pew Research Center, nearly half of Americans think the Troubled Asset Relief Program was Obama's creation. Only 34% realize the massive bank bailout program started under George Bush. I bet Fox News is not going out of its way to point this out to teabaggers.

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