Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Reconcile This!

Politics / US Politics Feb 28, 2010 - 04:43 AM GMT

By: Danny_Schechter

Politics

Reconciliation is one of those words that sounds great when used in another country

Right-wing whites along with the rest of the world embraced South Africa’s peace and reconciliation process as a way to put apartheid crimes on the record without a punitive witch-hunt that would intensify racial and political tensions. Archbishop Desmond Tutu chaired a panel to hear evidence without the power to execute or imprison or execute wrongdoers. 


The idea was to disclose the truth while attempting to bring a dangerously polarized society together. Forgiveness, it was thought, could help the country move on.

In the US, at least these days, reconciliation has another meaning and purpose; to allow legislators to find compromises in enacting legislation by reconciling Senate and House versions of the bill.

Republicans used this tool to pass the Reagan budgets and Bush tax cuts that benefited the wealthy and arguably helped bankrupt the economy. Their legislative maneuver was justified as a necessary method of getting done what they wanted done. There was no moralizing about it, no shame.

Now that Democrats are talking about reconciling the Senate and House versions of the Health Care Reform Bill so that it can be passed by majority vote many of these same Republican windbags are up in arms charging treason and worse.

Suddenly when a tactic they used may be used against them, they are on the ramparts screaming about a betrayal of the Constitution.

Never mind that more than a year has been spent debating ---and watering down so-called reforms including the junking of a wildly popular public option. Never mind that way more than a majority of Senators and a majority of the House backed the measure with certain differences of course.

To the Republican bluster uber alles squad, the only acceptable remedy would be to  “start over,” as if the election of 2008 never happened. It is always  their way or the highway. For them, the political jihad comes first and killing the bill and all health care reform is the  crusade dujure,  smirks, invented arguments and all. They have wrapped themselves in their message points and just love the drone of their echo chamber.

Wink, Wink!

 It was so obvious at the CSPAN Summit that Obama was talking to the wallpaper.

Also obvious was how unwilling the Obamacrats have been to leave what they perceived as the political safety of the center, unwilling to use what power they have to push their agenda through, and in the process incur the wrath of Fox News and middle of the Road DINOS (Democrats In Name Only) who are totally integrated into the system, if not, bought off, or at least leased, by the Insurance lobby.  They live in a gut-free zone.

They may pay lip service for the need for change but lack the spine and will to fight for it. They had already disregarded and dissed those in their own ranks pushing for Single Payer, Medicare for all etc.  They bombed a public option the way the Israelis want us to treat Iran. (Israel, by the bye, has a government backed health care system.)

You can’t totally blame Obama for this muddle of the middle, because of the way Wall Street bought the Congress.  What is troublesome is his continuing stated hope against hope that somehow he can use rationality and logic to appeal to the illogical and irrational. At the same time, he worked on the Hill and must know who he is dealing (or not) dealing with. (Yes I remember Rumsfeld’s dicta, “you go to war with the army you have.”)

This is a political game that has more dicey parts than a Toyota. The partisans on the right project more certainty in their convictions and in their demagoguery. They have a big noise machine to drive them on—even if it is to the abyss. As one of my readers noted, they seem programmed by Fox News. (In the old days media outlets reported what politicians say; today some are browbeating them into what to say!)

As for health care for all, they don’t care about. They never did.

There can be no reconciliation between these two “sides”---or, should we say wings on the same plane, even if there may be more similarities here than appears. Most of the Dems have a stake in serving the system; few have the independence or willingness to go to the mattresses or stand up for what they say they claim, at times, to believe in.

They wouldn’t be politicians if they were not wedded to wheeling and dealing and perpetual compromise.  It is their waffling that also gives Republicans the encouragement to take a harder and harder line. They project no patience for ˆwusses”  and whiners. They believe they will cave, and they may be right.

The Dems know a hotly contested election is coming and banking on their incumbency and money raising capacity to insure re-election. They don’t like ideological battles maybe in part because they don’t know what they think most of the time.

They want to please their voters, not challenge them,

The media bigs know that interest in politics has gone way down except among the most politically aligned. They know that to build bigger audiences, they have to pour oil on the flames and amp up the confrontation,

Heat sells, light doesn’t.

Keep the scandals and the manufactured “showdowns” coming!

So can you reconcile this—our vast needs and a political system that can’t address them?  An economy in free fall and policies that fall way short of fixing it? And, politicians who want to posture and lecture each other rather than organize their supporters and defend their programs?

If health care reform disintegrates, if financial reform flames out, if the consumer protection agency is deep-sixed or pushed into a back office in Tim Geithner’s Treasury Department, many of Obama’s backers will have fewer reasons for reconciling themselves with a Titanic that seems to have nowhere to go but down,

Will this lead to a new political initiative? If not now, when? Help me reconcile all this, help me now.

News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

© 2010 Copyright Danny Schechter - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in