Daley, the moderate plutocrat
As a moderate, Hub Blog should be happy with the appointment of William Daley
as President Obama's new chief of staff. He's a moderate Democrat. He's urged the president to be more centrist. He's openly complained when Democrats came across as anti-business. He probably would have crafted a much better stimulus bill than the liberal-wish-list monstrosity that ultimately passed. It's also satisfying to hear the distant yelps coming from the far left after his appointment. But ... but I have one problem with Daley: He worked for JPMorgan Chase. Daley was not a "banker." He was a paid political lobbyist. He was a paid rainmaker. He was paid political protection for the banking system. He was part of a financial-government plutocracy that has a warped view of capitalism, i.e. that Wall Street is too important to play by the same free-market rules as everyone else. ... FYI: The phony capitalists are back at their old leveraged games
-- and we're the bail-them-out suckers again.