Good thread, though I would note that the other problem with the Obama WH on financial regulation was the lie that they sought to stop foreclosures instead of encourage them. Barr was knee deep in that horrific dishonesty, but it's not like any progressives were honest either.
https://twitter.com/TylerGellasch/status/1353715446831337472
Fundamentally the trade during the Obama era was to steal all middle class savings and create a new class of untouchable billionaires and lie about it, in return for an irrelevant consumer protection agency.
That was a bad trade and it's one few will acknowledge, even today.
That was a bad trade and it's one few will acknowledge, even today.
Well, not all, but a lot of it. Obama had the chance to reorient the American political order towards a democracy. Instead of doing that, he orchestrated a plutocracy, and lied about it. Barr was a point person here. But progressives still haven't reckoned with it.
There's a younger generation of influential policymakers and organizers who understand exactly what happened and will behind closed doors admit it. I don't know if a public reckoning will happen or is even necessary. But it hasn't happened and comes out in these weird fights.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
