Thursday, January 28, 2010

Marcy Wheeler: 'I Didn't Actually Watch SOTU', But FU Obama and the Banks Anyway...

The admission obviously disqualifies Marcy Wheeler from being taken seriously:
I didn’t watch the SOTU last night – though I did follow along on Twitter.
Kinda like staying at Holiday Inn, I guess ...

Twitter's great -- awesome even -- although, naturally, you can tweet and watch/listen at the same time. That's just kinda the way it works, yo!

But this part is especially rich, on "
punishing" the banks:
I am utterly fascinated by the way Obama dealt with this – probably his Administration’s single biggest failure – the failure to keep more people in their homes. Aside from the mention of those abstract children, asking why they have to move, there’s no admission of the human cost of the mortgage crisis. Instead, homes are just investments, the ability for individual families to spend more to stimulate the economy, a store of value ....

So while it’s perhaps a subtle rhetorical point, it is, to me, also a stunning revelation of the way in which the Administration still fails to see how the banks should be punished, because their fraud devastated all these families. Obama fails to see that housing has not just an upside–investment, jobs, growth–but also a huge downside of crumbling communities as one after another neighbor gets evicted from their home.
Actually, I watched and listened to the speech, and there's absolutely no question the president's concerned about foreclosures, and frankly, his latest plan imposing new regulations on commercial banks WILL punish them. The financial sector expects the administration to damage competitiveness, and thus to DESTROY jobs (which a rudimentary knowledge of business finance would indicate). Dr. Wheeler's thus not only disqualified, but clueless as well. Note how her essay constitutes post-modern conceptions of authority. Dr. Wheeler's supposed to be a expert on "literary-journalistic" traditions, but we're not talking state censorship here (which is apparently her expertise). We're talking about authenticity and credibility, and there's she's lacking. Note how without actually watching SOTU Dr. Wheeler privileges her own opinions over what actually happened -- and what actually has happened in the regulatory scheme of things -- which is exactly what she did with her allegations of Andrew Breitbart's involvement in the James O'Keefe bust at Senator Landrieu's office. Folks like this aren't to be trusted, especially coming from "Hammering" Jane Hamsher's crib (home of some of the netroots left's most despicable bloggers).


Milton said...

Let’s face it, all charges will be dropped, because he is poor white trash. This Tuesday, James O’Keefe was arrested by the FBI, for entering a federal property under false pretenses with the intent to commit a felony and maliciously interfering with a telephone system operated and controlled by the United States of America. They were dressed up as telephone company employees with tool belts and fluorescent jackets. It appears to be a bungled attempt to wiretap the office of Democratic Senator Mary Landrieu, in Louisiana and paid by Andrew Breitbart.