Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

Friday, June 20, 2008

Money Matters I: Pay Back’s a Bitch

Barak Obama is not going to limit his fundraising by taking Federal matching funds for the general election.

How dare he!

How unfair!

Poor little Johnny McCain with his stunted fundraising abilities will get just under 85 million dollars in Federal matching funds for his run at the presidency while Oprah can find that much by cleaning the change out of her couch.

Quel horreur!

Maybe Johnny will have to hit up his wife, Cindy, for some cash if he can get away from calling her names not usually used by husbands who expect to stay married very long. And it will mean that the neo-fascist and racist cash cows of the Republican Party and the up-and-coming Karl Roves and Lee Atwaters (including Karl Rove?) they have under contract will have their Willie Horton/Swift Boat ads answered within one news cycle.

That Obama sure plays dirty. He won’t even let the ultra-rich far right and the Natzionalistiche Republicanische Partei scuttle his candidacy. Damn! Not fair!

I actually believe that the public air waves are public in consequence of which broadcasters must provide free coverage of political events and free political advertising. I also believe that all elections must be totally, publicly financed. But I feel about Obama’s decision on public financing much the way I felt about the execution of John Wayne Gacey: I think that capital punishment is wrong but for him, I’ll make an exception. I’m willing to give Obama a pass on this one.

Ultimately, Obama is correct. The current public financing system is broken. The allegedly unconnected interest groups like the Swift Boat Veterans in 2004 can be set up quickly, financed anonymously by one or more rich neo-fascists and skew the results of an election. Obama has shown the ability to raise huge amounts of money, most of it in relatively small donations, and is not going to allow himself to be hamstrung by the party of wealth. In fact, one can argue that Obama’s fundraising has been more democratic, more populist than any Republican’s since, quite possibly, Ulysses Grant.

But I was struck by an interesting but of serendipity. On the same day, June 19, 2008, that Obama announced that he would forego public financing of his campaign two hedge fund managers from Bear-Stearns were arrested for bilking investors out of millions. The most important term in that sentence is hedge fund. The Investopedia defines a hedge fund as “a mutual fund for the super rich”.

And your point is?

That no one who’s bilked a family out of its savings and home with an unaffordable mortgage is going to jail. The big mortgage companies that were constructing mortgage applications out of whole cloth and pixie dust are still in business. But two guys who lied to millionaires and cost them a few percent of their trust funds are headed for jail.

Mathew Tannin and Ralph Cioffi probably each deserve a cell in Attica, preferably each will have a huge cellmate who hasn’t seen a woman in about 15 years and won’t be seeing one anytime soon. They have committed crimes for which they should pay but their arrests demonstrate that money matters. Those who bilk the rich are headed for court. Those who bilk the poor and middle class get a pass once they insinuate that the families they cheated should have been aware that they were being cheated. That’s the blame-the-victim argument just as surely as is “if she didn’t want to be raped she shouldn’t have worn a sexy outfit". But the mortgage companies’ attempts to blame the victim aren’t the only similarity between their actions and rape.

The case of the Bear-Stearns managers and Barak Obama’s refusal of Federal matching funds for the presidential election likewise are similar. They are flip sides of the same issue: money matters. Those who have money get what they want whether it’s the presidency of the United States or the arrest of the con men who cheated them. The rest of us can go suck wind. In the case of the Bear-Stearns hedge fund managers we have all the trappings of the sacrifice that will distract everyone from the real criminals amongst us. In the case of Barak Obama we have the first indicator that those of us who truly want change and a more just America will once again have our hearts broken. Unfortunately a broken heart is not anywhere near as lethal as the bloodsucking that we’d get from continuing the neo-fascists in power.

Sunday, June 8, 2008

Failing On Her Own: Hillary Out

Ultimately Hillary Rodham Clinton didn’t deserve to be President. She has the fortitude and experience and the energy for the job. She even started out with a good deal of respect but it was exactly that respect that she forfeited as the primary campaign progressed. She proved herself willing to say and do anything to win which, in turn, proved the suspicion that I and others had about both her and Bill: that everything, without exception, is fungible in the interest of their own power. She couldn’t be trusted and squandered that considerable fund or respect all by herself.

A lot of women would like to believe that Hillary was done in by sexism. Hillary made that argument herself as she found her campaign foundering. There unquestionably was some sexism voiced in the media and amongst parts of the electorate. Yet Hillary proved in Pennsylvania, Indiana and West Virginia that racism trumps sexism every time. And Hillary exploited that racism when it suited her.

The most specious argument that she put forward during the campaign was that she won the primaries that mattered and Barak Obama carried the insignificant caucuses. She was trying to turn her own failing against her opponent. Hillary initially fell victim to her own publicity and her inherent hubris. She believed that she was the overwhelming front-runner for the Democratic nomination and that she should be. She bought into her own publicity and failed to organize effectively in the caucus states. In the meantime Obama, a community organizer from the get go, organized the pants (you should excuse the expression) off her.

In February when I went to my precinct caucus I was amazed to find that the Obama people had out organized Hillary’s campaign. There were nearly 3 times as many Obama supporters at the caucus as Hillary supporters. In fact there were more than 5 times as many Democrats of all stripes at those caucuses as there had been in 2004. There was no reason for the lopsidedness of the caucus attendance other than that Hillary hadn’t organized. If she had, she would be the presumptive Democratic nominee today and Obama would be a hopeful for the nod as vice-president.

And before some mourning Hillary supporter calls me out on it, there is no sexism in calling her Hillary. Go back and look at her campaign literature and signs. She styled herself as Hillary and then had the temerity to foster the nonsense that it was sexist to call her what she called herself. If she’d wanted to be called Ms. Clinton, Sen. Clinton or Hillary Rodham Clinton she should have put that on her bumper stickers.

Despite the protestations of Clinton pit-bull, Harold Ickes, Hillary was not deprived of anything that she won fairly by the Democratic Rules Committee. The whole rules fight was an embarrassing attempt to change the rules that she’d whole-heartedly endorsed last fall. She was losing and so she reversed her earlier position and tried to re-roll the dice in her own favor. I will not dwell on the resemblance of that tactic to her sudden conversion to Iraq War opposition. Suffice it to say that this attempt only further cemented my inability to trust her. Hillary has issues that she’s long supported but no core principle that isn’t for sale if the price is an increase in personal power.

I started out this campaign supporting Bill Richardson. I still think that he would have been a fine president but his campaign never grew legs. But early on I was impressed by Obama’s oratory. I was then impressed with his good humor and coolness under pressure and, finally, by his intelligence. Yet above all I was impressed by his consistent instinct to take the high road in competing with Hillary. I’d been won over to Obama well before Bill Richardson left the presidential race.

By contrast, Hillary never failed to take the low road. She whined about the order of questions to her and insisted that she was the candidate of “good, hard-working white people”. She even blurted out the revealing remark about Robert Kennedy’s assassination.

I am a Democrat. There is no Republican for whom I would vote and no Democrat for whom I would not vote. Joe Lieberman is a special case. He’s a Republican in everything but name. I kept telling people right to the end that I would vote for the nominee of the Democratic Convention regardless of who that might be. Even Mike Gravel would have been infinitely better for the nation than any Republican. Yet as the primary campaign ground on to the final showdown between Obama and Hillary I found myself getting edgier and edgier whenever I considered Hillary as the nominee. I all goes back to 1996 when Bill Clinton signed the Welfare Reform bill. I didn’t care who cleaned his pipes, how or where but I would have impeached him for signing that bill. I was left impressed with his abilities as a politician but appalled by his willingness to toss the poor of our nation overboard in the interests of his reelection campaign. Hillary constantly proved that ambition trumping principle was not solely Bill’s problem in the Clinton family.

No Hillary shouldn’t have won this race and, thank heavens, didn’t. She should not be on the ticket with Obama either. Hillary has had her time in the sun. She can go back to the Senate and do as Ted Kennedy has done by making herself an important voice for good in the nation. She might even make a good appointment to the Supreme Court. But she doesn’t and shouldn’t move into higher office. Worse yet, were Hillary to become vice-president Obama would be saddled with two vice-presidents, Bill included, one over whom he would have some control and a second, unofficial VP over whom he’d have no control whatever unless he had Bill spirited off to Guantanamo Bay in the wee hours of next January 21st. Consider the problems that Hillary’s campaign had with Bill’s logorrhea and he ostensibly was trying to help her.

At the end of the day, Hillary Rodham Clinton did herself in regardless of what diehard supporters would like to believe. Those grieving for her ambitions are weeping over a suicide and not a murder victim.