What do these two politicians have in common?


Three term US Senator Bob Bennett (R-UT) was ousted as a candidate for the seat he currently holds at the state Republican convention on May 8. Angela Merkel, German Chancellor, saw what may be the end of her term as head of state, as the CDU seems headed for defeat in the nation's largest regional elections, North Rhine-Westfalia.

Despite his rock solid right win credentials, Bennett's vote for the 2008 bailout has haunted him and is said to have been a major factor in his third place finish in the Senate selection process. Merkel saw her popularity drop six points after committing German money to the Greek bailout.

Corporate media attributed Bennett's humiliation to the "Tea Party" movement, an artificial creation of DC lobbyist Dick Armey, as if to minimize the real significance of the loss - broad based anger at the bailouts. After all, did the Tea Partiers show up in North Rhine-Westfalia?

We're in for a fascinating and tumultuous series of primaries. For the first time, we will be able to measure the blowback from the the reflexive approvals of bailouts, which began shortly after the first bailout proposal went down to defeat 228 to 205 in the US House of Representatives, September 29, 2008. After that, it has been smooth sailing for with the ship of state delivering trillions in cash and credit to Wall Street while citizens got crumbs.


Michael Collins May 10, 2010 - 1:01am
( categories: Global Financial Crisis )

Obama is riding on a cushion of populist declarations, but still he's BFF's with the GS gang when the doors are closed.

Voters have to let him know they see the two-face. He can't have it both ways.

With health-care reform he backpeddled until the insurance companies got what they wanted. What did I get? Nothing...nada...zip..zilch...the "change" I had hoped for turned out to be exactly what I had before. Duh.

At Copenhagen he stalled in indecisiveness until the last minute, then let the US get pre-empted by China.

And of course, he was all about approving more offshore drilling and relaxing the safety requirements on them when BP-Gate literally exploded in his face.

Branding alone is not going to give us the government we need. Feel-good speeches can only cover until the disasters hit home for real.

He's all about branding and feel-good speechifying.

You really got to press to keep him on the right track.

Or we're going to end up "hoping" for some spare "change."

yogi-one May 10, 2010 - 4:45am

And he dragged McCain back to the capitol when the first bailout failed - to show leadership. The people have come to see, quickly, that the only beneficiaries of bailouts and Federal programs funded through their labor are the perpetrators of the crisis. There's an emerging main street 'insurgency' that I'm going to write about shortly that Obama may ride but it will be for another faction of "management," although Main Street benefits do impact employment etc. and that would be better.

My answer to the question is - people are angry all over the world having seen the truth, whether it's a group of conservatives in Utah or social democratic sympathizers in North Rhine-Westfalia. The game is up and it's time to deliver.

Michael Collins May 10, 2010 - 1:22pm

The fix is in and it is more bailouts, both here and there, with a kick-the can game of controlled (they hope) inflation.

dot_txt May 10, 2010 - 4:06pm

You're probably right. They'll probably just call them something else. Ultimately, the newly elected men/women of the people will have the arm placed on them in a serious way and become "bipartisan."

Michael Collins May 10, 2010 - 7:42pm

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