Open Left

A new Pecora Commission is a fig leaf and a crappy one at that. Just pathetic. (4.00 / 2)

When ever corrupt pols need to find a way of distancing themselves from both a problem and the corrupt pseudo-solutions they want... they appoint a commission. A commission takes place behind closed doors. It's largely off the record. The members will be sufficiently conflicted to guarantee a specific outcome. Hearings will be a joke. Just insulting agitprop. Want to avoid democratic processes? Hire a bleeding commission!

9/11 Commission anyone?

We already know what happened and why. Congress could have hearings, like the Watergate hearings and air this out in real terms and create real legislation. But that's not going to happen is it? Of course not! That would mean Pelosi and Reid doing their jobs in the public interest and that's simply out of the question!

Dean, Kuttner, Krugman, Johnson, Roubini and many others have all been busily explaining to anyone who would listen, along with some really good financial types (Ritholtz, CR and many others), what is wrong and why it all happened... for at least two years now. We know all the W's on this stuff by now. If congress doesn't, it's only because of willful ignorance due to the fact they've been so busy being bought by Wall Street all this time. Ditto for the WH at this point... totally captured.

When their "paycheck" depends on them not seeing something, they're not going to see it, right? Byron Dorgan saw this coming back in '98, does he see the need for a commission?

So this commission thing is little more than a running joke at this point.

The political class is making a bet that this will all blow over in time for Obama's next election. They are betting that people will simply lie down and take it like good little lemmings. Who knows, they may be right.

We're not looking at another year of economic pain, Mike. We're talking many years of pain. The die has been cast at this point. Americans are going to have to get used to a major decline in their standard of living--of course, that's the whole point of our current policy regime. If health care "reform" turns out to be as lame as it looks right now, this will only be that much worse and a lot of people will suffer horribly as a result.

I don't think the WH cares one whit about pitchforks. Their hubris is striking in this respect. Their lack of common decency is merely depressing.


"In our country, the lie has become not just a moral category but a pillar of the State" -- Alexander Solzhenitsyn

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by: Emocrat @ Wed Jul 01, 2009 at 22:03:20 PM CDT