Comments on: Mister, we could use somebody (somewhat) like Andrew Jackson again

By: HitEscape

HitEscape — Mon, 26 Oct 2009 19:44:54 +0000

The concept of going after big banks is spot on, but you weren’t the first to hit the third rail referencing Andrew Jackson. I was at a democratic fundraiser in Montana and Sen Jim Webb was the guest speaker. He made almost the same argument with the best intentions. The Governor of Montana got up right after him and let him know, in front of the crowd, that he appreciated the comments on banks, but that the native Americans in the crowd and all Montanans, do not consider Andrew Jackson to be any kind of a hero. (Superintendent of Public Instruction is native American as well as many legislators)An audible gasp was heard in the room. Gov Schweitzer continued with the rest of his speech and everyone carried on.

By: Tdash

Tdash — Mon, 26 Oct 2009 14:50:32 +0000

What more do you want Attaturk to do, go to the Hermitage and take a dump in the flower garden?

Damn PW that’s funny!

By: Phoenix Woman

Phoenix Woman — Mon, 26 Oct 2009 13:25:44 +0000

Reminds me of the people who freak out over letting their kids read Huckleberry Finn yet have no problem with rappers dropping the N-bomb.

By: Phoenix Woman

Phoenix Woman — Mon, 26 Oct 2009 13:23:36 +0000

Apparently pointing out the one thing he possessed (namely, the will to take on big banks) that modern pols should emulate is EXACTLY THE SAME as 100% utterly uncritical and worshipful adulation. Who knew?

By: Phoenix Woman

Phoenix Woman — Mon, 26 Oct 2009 13:20:11 +0000

He heavily qualified his take on Jackson (starting with the title), and made sure he started off with a rundown of Jackson’s many faults (faults shared by a non-trivial number of his contemporaries, by the way — Jackson was very much a man of his time) before he got to discussing the one thing Jackson had that he wished modern politicians had (namely, a willingness to take on “too big to fail” banks).

What more do you want Attaturk to do, go to the Hermitage and take a dump in the flower garden?

By: Phoenix Woman

Phoenix Woman — Mon, 26 Oct 2009 13:15:11 +0000

If you read Attaturk’s piece, you’ll see that he would want a Jackson minus his racism, but with the courage to attack big banks and their defenders.

By: JamesJoyce

JamesJoyce — Mon, 26 Oct 2009 13:07:50 +0000

Silent Germans??

By: dakine01

dakine01 — Mon, 26 Oct 2009 13:07:44 +0000

Anything built or designed by humans can and will fail. It’s just that with organizations like the Big Banks, the failures and rot are still given a patina of health via the actions of the governments.

By: JamesJoyce

JamesJoyce — Mon, 26 Oct 2009 13:01:03 +0000

“too big to fail” BULLSHIT Corporate Welfare and protectionism for dysfunctional ways of doing business not in line with economic natural selection! Lets protect the cancer which diseases one’s liver, for the benefit of the cancer?

By: ekunin

ekunin — Mon, 26 Oct 2009 12:56:01 +0000

Jackson’s disregard of the Supreme Court influences decisions to this day. The Court, like the Wizard of Oz, is smoke and mirrors. They rely on the kindness of strangers. That’s why they don’t involve themselves in the wars our executive branch wages now and then. They fear they will issue an order and no one will pay them heed. They weighed in on the side of constitutional rights for Gitmo prisoners and that issue, after some years, as a practical matter remains in doubt.

But getting back to the topic..The assumption is some institutions are “too big to fail”. I am not sure this is correct especially if the government covers small depositors.