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General News    H2'ed 11/5/09

TIME TO RALLY FOR FINANCIAL REFORM BEFORE THE RIGHT DOES

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Message Danny Schechter
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IT'S TIME TO RALLY FOR FINNCIAL REFORM BEFORE THE RIGHT SEIZES THE ISSUE WITH DEMANDS TO BREAK UP THE BIG BANKS


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By Danny Schechter

Author of THE CRIME OF OUR TIME


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To paraphrase Marat-Sade: 'the Election came, and the election went, and unrest turned back into discontent.'


The Dems lost two Governors, one an unpopular former high honcho at Goldman Sachs, not exactly a populist crusader, and picked up one house seat in a Congressional District no oever heard about before.


They hope that all the recovery-is-coming news will stem the tide of growing disenchantment with the centrists in Obamaland who have been swimming hard to stay in place.


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As the sense of crisis seems to be abating thanks to lazy media reporting, Rahm Emamuels suggestion that a crisis is a terrible thing to waste seems itself a distant memory.


We may or may not get a health care reform but how many of us now believe it will transform much or even significantly lower costs as long as the industry is allowed to dilute proposals for both public option and single payer.

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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