• Categories

  • The Golden Rule

    “That which is hateful to you do not do to another ... the rest (of the Torah) is all commentary, now go study.”

    - Rabbi Hillel
  • Enter your email address to follow this blog and receive notifications of new posts by email. Remember to click "manage" to set your preferences, such as daily or immediate and the time of delivery.

  • Subscribe Via Email

  • Note on Older Videos

    Videos posted between 2008 and 2010 are not showing up because the coding used to embed the videos no longer work. Lockerz (who bought Vodpod) has shut down. If anyone has the time to look up the coding (youtube url) and put that link in the comment section of the post, I'd appreciate it. Thanks for understanding. More info: Note on Older Videos Posted on Dandelion Salad by Lo
  • Lists of posts and videos

    Dandelion Salad Videos

    Dandelion Salad Posts

    Don’t Enlist, But Don’t Just Take My Word For It by Lo
    Please pass this on to anyone you know who may be considering enlisting as a soldier (mercenary).

  • Amendment I

    Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
  • Disclaimer:

    The views and/or opinions posted on all the blog posts and in the comment sections are of their respective authors, not necessarily those of Dandelion Salad.

    All content has been used with permission from the copyright owners, who reserve all rights, and that for uses outside of fair use (an excerpt), permission must be obtained from the respective copyright owner.

  • Proud Member of The Internet Defense League

    The Internet Defense League

  • US Deaths in Afghanistan: Obama vs Bush. Click here to learn more.

Obama Has Missed His Moment by Chris Hedges

by Chris Hedges
Featured Writer
Dandelion Salad
April 27, 2009

Barack Obama has squandered his presidency. He had a fleeting moment to challenge the casino capitalism and financial recklessness of our economic and political elite. He could have orchestrated a state socialism that would have provided a safety net for tens of millions of Americans faced with dislocation and misery. The sums he has doled out to Wall Street could have been used to force companies to keep workers on the job or create new banks to open up credit. But he lacked the foresight and the courage to challenge entrenched power. And now we are headed down one of two frightening roads—massive deflation or hyperinflation. Neither will be pleasant.

Hyman Minsky—an economist largely ignored during his lifetime and now held up as something of a prophet—argued that speculative bubbles, and the financial collapses that follow them, are an inevitable consequence of unregulated capitalism. Minsky, an economics professor at Washington University in St. Louis who died in 1996, warned: “The normal functioning of our economy leads to financial trauma and crises, inflation, currency depreciations, unemployment and poverty in the middle of what could be virtually universal affluence—in short … financially complex capitalism is inherently flawed.” He called for socialized banking and stimulus packages to protect workers.


via Truthdig

Copyright © 2009 Truthdig

Chris Hedges, who is an Arabic speaker and spent seven years in the Middle East, was the Middle East bureau chief for The New York Times.


Noam Chomsky: Obama new champion of Capitalism

Resist or Become Serfs by Chris Hedges

Michael Hudson: The Financial Barbarians at the Gate (must-listen)

About these ads

9 Responses

  1. [...] Obama Has Missed His Moment by Chris Hedges [...]

  2. [...] Obama Has Missed His Moment by Chris Hedges [...]

  3. [...] Obama Has Missed His Moment by Chris Hedges [...]

  4. [...] Obama Has Missed His Moment by Chris Hedges [...]

  5. [...] Obama Has Missed His Moment by Chris Hedges [...]

  6. There are many models, worldwide, as to how the banks could be nationalized (aka Sweden), and, there were many amendments offered (Kucinich Sanders, Nader) that wouldve placed the cost where it belonged. Then Sen Obama blocked them all.

    The main topic, for the EU, at the G-20, was to press for regulation–they received nothing from Obama.

    The GOP has no real power now. If the Dems wanted to do this, they have the power. I hope that now, people will realize which side they are actually on.

  7. Why does Chris work under the assumption that Obama ever had such goals in mind, when it is evident that he did not?

  8. Not good scenarios; however, I believe there is a tihird option before the country is far down the road to ruin that there is no return. That option is the Cook Plan. It only cost $36 billion and we would know within a month or two if it was working and would continue to work. It is certainly ore logically than anything attempt so far.

Please add to the conversation.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s