Saturday, January 9, 2021

Jacobin’s Bhaskar Sunkara on Trump’s January 6 coup: “Nothing to see here!”





https://www.wsws.org/en/articles/2021/01/08/jaco-j08.html




Genevieve Leigh
9 hours ago







On Wednesday, President Donald Trump instigated a fascist coup aimed at halting the congressional session at which Trump’s defeat in the 2020 presidential election was being certified. In response, leading members of Jacobin magazine, which is associated with the Democratic Socialists of America, responded with a campaign to downplay the significance of what was happening.

The lead was given by Jacobin founder and editor Bhaskar Sunkara who tweeted near 6 p.m. on Wednesday: “What’s the advantage of saying ‘this is a coup’? I just don’t understand the advantage in finding the most extreme labels for bad things.”
Bhaskar Sunkara, the founding editor and publisher of Jacobin, tweets that the events of June 6 were not a coup



What was happening prior to Sunkara’s warning against placing “extreme labels” on the day’s events? Between 1 and 2 p.m., thousands of Trump’s supporters swarmed the Capitol building, following a speech by Trump insisting that “you’ll never take back our country with weakness.” With the complicity of the police, they entered the building around 2 p.m., taking over office buildings and the Senate chamber. Photos showed insurrectionists dressed in camo armed with guns and zip ties, which would have been used to secure hostages.

Jacobin responded with a coordinated campaign to insist that nothing particularly remarkable was happening. Leading staff writer Branko Marcetic tweeted at 4:58 p.m.: “The events in DC are certainly alarming, but it’s also worth bearing in mind this is not the first time a capitol building has been stormed (or whatever term you want to use) by armed protesters, and it didn’t mean the end of American democracy then either.”

Marcetic’s tweet assuring everyone that American democracy was safe and sound came just 40 minutes after President Trump released a video praising the fascist protesters as “very special people.” Only about 15 minutes after Marcetic’s tweet, videos released on social media showed far-right rioters charging the media.

Less than a half-hour later, at 5:52 p.m., Sunkara tweeted his indifference to the events. He followed up his initial tweet cited above with another outlining his assessment of the events: “I’ve seen the stability of US republican institutions in the face of a right-wing mob and a party whose leader is committed to their delegitimation so far.”

Sunkara’s tweet was followed by another from Julia Damphouse, Jacobin magazine’s reading groups coordinator and European editor. She wrote at 6:42 p.m., “Calling this a coup is like calling the CHAZ in Seattle a coup because Kshama Sawant let people into city hall. Get a grip.”

That is, in response to the fascist insurrection in Washington DC, an event that will go down in history as a significant political turning point, Jacobin’s European editor tells concerned workers and youth to “get a grip,” its founder and chief editor insists on the “stability of US republican institutions,” and one of its leading staffers declares that nothing extraordinary is happening.

As the Jacobin writers were opposing the notion that a coup was underway, the Democratic Party itself was silent. For hours after the insurrection began, there were no statements from major Democratic Party officials denouncing the conspiracy or calling for popular resistance to the coup. When Biden finally appeared before the public, it was only to issue an appeal to Trump, the leader of the conspiracy, to “step up” and call it off.

Throughout Trump’s coup plotting—prior to and after the election—the Democrats have worked to cover up the far-reaching assault on democratic rights. As a party of Wall Street and the military, its principal fear has been that an exposure of the conspiracy would spark mass opposition from below that could not be controlled.

Jacobin and the Democratic Socialists of America, functioning as a faction of the Democratic Party, played their assigned role.

On Thursday morning, the day after Sunkara, Damphouse and Marcetic’s tweets, Jacobin published an article by David Sirota, a longtime Democratic Party operative and former speechwriter for Bernie Sanders, titled, “The Insurrection was Predictable.” The article is an exercise in political cover-up.

Sirota begins by claiming that Jacobin had previously warned about “the growing threat of a coup attempt, wondering why it wasn’t being taken more seriously by Democrats and the media. We were scoffed at and eye-rolled, as if such things could never happen in America. Nobody is scoffing or eye-rolling anymore, after Wednesday’s events at the US Capitol.”

Sirota fails to mention that the primary “eye-rolling” is coming from none other than the editor and founder of the very magazine for which he is writing!

As for the claim that Jacobin has been at the forefront of warning about the growing threat of a coup attempt, nothing could be further from the truth. Of the three links provided by Sirota as proof of the so-called “warnings” from the magazine, only one is actually a Jacobin article.

On the contrary, over the course of the past year, Jacobin has published a series of articles downplaying the threat to democratic rights. On April 17, Daniel Finn wrote that calling Trump a “protofascist” was “melodramatic hyperbole.”

Later in the year, when fascist plots to kidnap and kill governors Gretchen Whitmer and Ralph Northam emerged, Jacobin waited two weeks to respond. When it finally did address the situation, the article, by Branko Marcetic, argued that the Michigan plot was “exaggerated,” the media was engaged in “sensationalism,” and far-right violence “remains a statistically minor threat to life.”

As recently as December 2, Jacobin declared, in another article by Daniel Finn, that Trump’s “would-be coup” had ended “with a feeble surrender,” and that Trump’s “bark proved to be much worse than his bite.”

Jacobin’s denial of the scale of the crisis, its insistence on the “stability of US republican institutions” is bound up with its organic hostility to revolution. Jacobin’s politics—and this is the politics of the Democratic Socialists of America as a whole—is based on the claim that social reform will be achieved within the framework of the Democratic Party and the capitalist system.

Sirota’s column, which acknowledges the reality of a coup, on its face conflicts with the initial response of Sunkara. The conclusion, however, is the same. Sirota proclaims that the way to undermine the strength of Trump is to pressure the Democrats to implement social reforms, which they will not do.

Those who make up the editorial board of Jacobin, speaking for privileged sections of the upper-middle class, are characterized by their complacency, opportunism and unseriousness. Everything they write is aimed at containing the growing social opposition from below.




As Brazil reaches 200,000 COVID-19 deaths, Bolsonaro sabotages vaccination campaign





https://www.wsws.org/en/articles/2021/01/08/braz-j08.html




Tomas Castanheira
9 hours ago







With the COVID-19 pandemic reaching new catastrophic proportions in Brazil, the country’s fascistic President Jair Bolsonaro is actively working to sabotage a vaccination program and take the murderous “herd immunity policy,” which he has openly advocated since the arrival of the pandemic in Brazil, to its ultimate consequences.

On Thursday, after more than 1,000 deaths were recorded for the third day in a row, Brazil reached the terrible milestone of 200,000 COVID-19 deaths. High infection rates, which are yet to reflect the explosive impact of holiday events, are reflected in the overcrowding of hospitals throughout the country.

A number of hospitals in São Paulo, the country's largest metropolis, have already reached 100 percent capacity. In Rio de Janeiro, Brazil’s second largest city, there is a queue of 164 people waiting for an ICU bed. In Belo Horizonte, Minas Gerais’ capital, the ICU bed occupation rate is close to 90 percent. Belém do Pará reached 96 percent of the ICU capacity, after the government closed COVID-19 treatment centers.

The most critical situation in the country is, once again, in Manaus. With scenes of patients being cared for amid the dead in overcrowded hospitals and backhoes digging mass graves for victims of COVID-19 still fresh in the city’s memory, the Amazonian capital declared a second collapse of its health care system in just nine months.

Almost daily, Manaus has been recording record hospital admissions. On Wednesday, 221 people were hospitalized with COVID-19, a number significantly higher than the peak of 168 recorded in April. On the same day, the occupation of the ICU beds reached 94 percent, approaching the 96 percent reached in April. Private network ICU beds have already reached full capacity.

The calamitous situation inside the hospitals was summarized in an article published by Folha de São Paulo: “a scenario of overcrowding, lack of beds, stretchers in the corridors and absence of social distancing.” About a week ago, refrigerated chambers were once again installed in the hospitals facing the imminent collapse of their morgues.

On Wednesday, workers at the 28 de Agosto Hospital protested against the conditions faced by health care professionals. “We are not asking any favors, we are asking for help because health care workers are dying,” said a radiology technician in the protest, according to G1. In this same hospital, workers held a spontaneous strike in April.

The accelerating increase in deaths is causing a new collapse of the funeral system. There was an 84 percent growth in the number of burials in Manaus in the first days of January, compared to the same period in December. On Wednesday, 110 people were buried. The number of people who died in their own homes, regardless of the causes, doubled in December, and increased again sharply in the first days of January.

The city declared a state of emergency on Tuesday. The newly elected mayor of Manaus, David Almeida of the Avante (Forward) party, ordered the emergency digging of 6,000 new graves in the city’s cemeteries. He plans to order the digging of 22,000 graves in total.

The reasons for this catastrophe are no mystery. But the claim of the secretary of Health of Amazonas, that “there was a relaxation of the population, despite all our propaganda so that this would not happen,” is nothing but a lie. The epidemiologist of Fiocruz Amazonas, Jesem Orellana, declared that, despite having been alerted months ago of the emergence of a second wave of COVID-19 in Manaus, “the extreme gravity of the situation of the epidemic continues to be minimized by health authorities.”

This second wave of infections was the direct product of the criminal actions of Governor Wilson Lima of the Christian Social Party (PSC). In August, the state schools of Manaus were the first to be reopened nationwide, immediately causing outbreaks of COVID-19 in dozens of schools. The WSWS wrote on that occasion:

“The degree of recklessness of the policy being implemented in Manaus is shocking, if not surprising. A few months ago, the world was shocked by the scenes there of graves being dug by backhoes for thousands of COVID-19 victims after the collapse of the local health care system.”

Educators responded with strikes and protests. The Lima government, assisted by the unions, was able to suppress the strike movement, taking repressive measures such as cutting wages and threatening to replace striking teachers.

In September, an increase in COVID-19 cases and ICU admissions was announced by the government of Amazonas. Instead of closing down the schools, Lima blamed the outbreak on “people in some places making crowds, especially at private parties,” and only restricted the operation of bars. To keep the schools functioning, Lima promoted the idea that Manaus had achieved “herd immunity,” based on studies not endorsed by the academic community. Lima’s policy was not confronted in any of the mainstream newspapers, which instead enthusiastically reported these same studies.

Wilson Lima’s criminal policy is no exception. It was adopted by the ruling class as a whole throughout Brazil. Its principles were dictated and are still being taken to their ultimate conclusion by President Jair Bolsonaro.

Only by the middle of this week did Bolsonaro sign a bill freeing up the purchase of COVID-19 vaccines. At this occasion, the Minister of Health, Gen. Eduardo Pazuello, said that vaccinations will begin simultaneously in January throughout the country.

However, the government cancelled the purchase of 331.2 million syringes needed for the application of the vaccines, only acquiring 7.9 million units. Bolsonaro stated that in the face of an increase in prices, his government “suspended the purchase until prices return to normal.” And, although Pazuello and Bolsonaro say there are enough syringes to start the vaccination process, the National Association of Mayors declared that these supplies must “attend to several procedures, among them the National Immunization Plan.”

At the same time that he is deliberately disorganizing the vaccination program, Bolsonaro has made virulent attacks against the vaccine itself. He has insisted that the vaccines can cause unknown side effects and that he himself will not take one. On Thursday morning, speaking to his supporters in front of the governmental palace, he said: “As far as I know, less than half [of the population] will take the vaccine. And this polling that I do, I do on the beach, I do on the street, I do everywhere.”

Bolsonaro insistently proclaims that “it’s no use hiding from the virus, this virus will stay in us all our lives.” There is a class logic behind this sociopathic policy. He is signaling to the capitalist class, through his normalization of deaths, that he’s willing to implement the most violent and dictatorial measures against the working class in order to maintain a high degree of exploitation and social inequality, which are the necessary consequences of maintaining the capitalist order.

Israel strikes Syria as Trump coup attempt stokes war threat in Middle East





https://www.wsws.org/en/articles/2021/01/08/isra-j08.html?pk_campaign=newsletter&pk_kwd=wsws




Bill Van Auken
9 hours ago







Israeli warplanes attacked targets near Damascus Wednesday, reportedly striking bases linked to Shi’ite militias and the Iranian Revolutionary Guards. Conflicting reports indicated casualties ranging between three and 15 dead, as well as substantial material damage.

This was the third time in just 10 days that Israel has carried out such a provocative attack against Syria. These strikes are part of a broader escalation of military tensions with Iran that have been at a high pitch since Mossad’s assassination of top Iranian nuclear scientist Mohsen Fakhrizadeh last November.

The threat that these tensions will ignite a catastrophic new war in the Middle East that could involve not only Iran, but also nuclear-armed Russia and China, which both have geo-strategic interests in the Persian Gulf, has never been greater.

This threat has been intensified by the parallel political crises of the supposedly lame duck administration of President Donald Trump in the US and Prime Minister Benjamin Netanyahu, who faces his fourth election in the last two years in Israel. Both may seek a war as an instrument for clinging to power.

After his attempted coup in Washington, with the storming of the US Capitol by a fascist mob, there is no reason to doubt that Trump will use his last dozen days in office to provoke a catastrophic new conflict in the Middle East.

In the aftermath of the November 3 election, Trump convened a meeting of his security cabinet to discuss a proposal to launch US airstrikes against Iran’s main nuclear facility at Natanz, an attack that could claim the lives of thousands and subject many more to radiation poisoning.

While Trump was dissuaded by his top aides from carrying out this war crime, Washington has carried out a continuous escalation of military threats against Iran, claiming that it was responding to threats that Tehran would use the first anniversary of the January 3, 2020 drone missile strike assassination of senior Iranian leader Qassem Suleimani to stage a retaliation against US forces and facilities in Iraq.

US B-52 heavy bombers were sent over the Persian Gulf three times over the course of a month in what amounted to dry runs for bombing Iran, while a US Navy armada, consisting of the USS Nimitz carrier strike force as well as the nuclear-powered and cruise-missile-armed submarine USS Georgia, together with their accompanying warships, has been deployed in the Persian Gulf, prepared to unleash massive firepower against Iran.

Trump’s extraordinary order last Sunday to reverse a decision to return the Nimitz carrier strike group to its home base and send it back into the Persian Gulf for an indefinitely extended deployment exposed the extreme tensions within the administration and the military command as Trump attempts to cling to power while staging a buildup to war in the Middle East.

Multiple media reports have cited senior US uniformed commanders voicing concerns that Trump will try to draw the military into his coup plotting by invoking the Insurrection Act and imposing martial law, potentially using a war in the Persian Gulf and mass US casualties as a pretext.

In Israel, meanwhile, the Netanyahu government has not only ordered the continuous attacks on Syria, but also dispatched an Israeli Dolphin class submarine, armed with cruise missiles, potentially tipped with nuclear warheads, through the Suez Canal en route to the Persian Gulf.

The Netanyahu government seized upon Iran’s announcement that it had resumed enriching uranium to 20 percent purity at its underground Fordo facility to claim that this was evidence that Tehran was pursuing a path to nuclear weapons and threaten a military response.

Tehran has insisted that it has no such ambitions and that its nuclear program is entirely civilian in nature. The increased enrichment is part of a series of measures taken by Tehran in response to the Trump administration’s unilateral abrogation of the 2015 nuclear agreement between Iran and the major powers, as well as the failure of Europe’s governments to challenge the crippling US “maximum pressure” sanctions regime. It is also seen as a bid by Tehran to improve its bargaining position with an incoming Biden administration in the US.

Meanwhile, Benny Gantz, Israel’s defense minister and Netanyahu’s erstwhile electoral ally turned rival, has protested Netanyahu’s bid to assume exclusive control over Israeli policy toward Iran, according to Israel’s Walla news website.

The prime minister’s monopolization of control over Israel’s Iran policy was announced in a letter to Gantz from National Security Council head Meir Ben-Shabbat, with copies sent to the heads of the Israel Defense Forces (IDF) and Mossad, as well as Israeli Foreign Minister Gabi Ashkenazi and Israel’s ambassador to the US, Ron Dermer.

According to Walla, Gantz responded angrily to the letter, declaring, “The issue of security and specifically on Iran is not the personal business of one man.”

Like Trump, Netanyahu has ample political motives for provoking a war with Iran. If he is ousted from his position, he will be far more vulnerable to prosecution on a series of corruption charges. A major military conflict could provide him the means to run for re-election as a “wartime” prime minister. His government has the additional motive of using war to create “facts on the ground” that would prevent an incoming Biden administration from rejoining the Iran nuclear treaty.

While the danger of war is intensified by the political calculations of Trump and Netanyahu, its source lies in the insoluble crisis of US imperialism and its attempt to reverse its declining global hegemony by military means. Domination over the Persian Gulf is a geo-strategic imperative in Washington’s conflict with its principal global rival, China, which depends upon the region for much of its energy resources.

This militaristic policy will continue and intensify if and when Joe Biden is inaugurated as president on January 20. The incoming administration, which will include all of the architects of the US regime change wars in Libya and Syria, as well as the 2014 coup in the Ukraine, will be committed to an escalation of US war threats abroad, combined with an intensification of the assault on the rights and conditions of the working class at home.

While Trump was dissuaded by his top aides from carrying out this war crime, Washington has carried out a continuous escalation of military threats against Iran, claiming that it was responding to threats that Tehran would use the first anniversary of the January 3, 2020 drone missile strike assassination of senior Iranian leader Qassem Suleimani to stage a retaliation against US forces and facilities in Iraq.

US B-52 heavy bombers were sent over the Persian Gulf three times over the course of a month in what amounted to dry runs for bombing Iran, while a US Navy armada, consisting of the USS Nimitz carrier strike force as well as the nuclear-powered and cruise-missile-armed submarine USS Georgia, together with their accompanying warships, has been deployed in the Persian Gulf, prepared to unleash massive firepower against Iran.

Trump’s extraordinary order last Sunday to reverse a decision to return the Nimitz carrier strike group to its home base and send it back into the Persian Gulf for an indefinitely extended deployment exposed the extreme tensions within the administration and the military command as Trump attempts to cling to power while staging a buildup to war in the Middle East.

Multiple media reports have cited senior US uniformed commanders voicing concerns that Trump will try to draw the military into his coup plotting by invoking the Insurrection Act and imposing martial law, potentially using a war in the Persian Gulf and mass US casualties as a pretext.

In Israel, meanwhile, the Netanyahu government has not only ordered the continuous attacks on Syria, but also dispatched an Israeli Dolphin class submarine, armed with cruise missiles, potentially tipped with nuclear warheads, through the Suez Canal en route to the Persian Gulf.

The Netanyahu government seized upon Iran’s announcement that it had resumed enriching uranium to 20 percent purity at its underground Fordo facility to claim that this was evidence that Tehran was pursuing a path to nuclear weapons and threaten a military response.

Tehran has insisted that it has no such ambitions and that its nuclear program is entirely civilian in nature. The increased enrichment is part of a series of measures taken by Tehran in response to the Trump administration’s unilateral abrogation of the 2015 nuclear agreement between Iran and the major powers, as well as the failure of Europe’s governments to challenge the crippling US “maximum pressure” sanctions regime. It is also seen as a bid by Tehran to improve its bargaining position with an incoming Biden administration in the US.

Meanwhile, Benny Gantz, Israel’s defense minister and Netanyahu’s erstwhile electoral ally turned rival, has protested Netanyahu’s bid to assume exclusive control over Israeli policy toward Iran, according to Israel’s Walla news website.

The prime minister’s monopolization of control over Israel’s Iran policy was announced in a letter to Gantz from National Security Council head Meir Ben-Shabbat, with copies sent to the heads of the Israel Defense Forces (IDF) and Mossad, as well as Israeli Foreign Minister Gabi Ashkenazi and Israel’s ambassador to the US, Ron Dermer.

According to Walla, Gantz responded angrily to the letter, declaring, “The issue of security and specifically on Iran is not the personal business of one man.”

Like Trump, Netanyahu has ample political motives for provoking a war with Iran. If he is ousted from his position, he will be far more vulnerable to prosecution on a series of corruption charges. A major military conflict could provide him the means to run for re-election as a “wartime” prime minister. His government has the additional motive of using war to create “facts on the ground” that would prevent an incoming Biden administration from rejoining the Iran nuclear treaty.

While the danger of war is intensified by the political calculations of Trump and Netanyahu, its source lies in the insoluble crisis of US imperialism and its attempt to reverse its declining global hegemony by military means. Domination over the Persian Gulf is a geo-strategic imperative in Washington’s conflict with its principal global rival, China, which depends upon the region for much of its energy resources.

This militaristic policy will continue and intensify if and when Joe Biden is inaugurated as president on January 20. The incoming administration, which will include all of the architects of the US regime change wars in Libya and Syria, as well as the 2014 coup in the Ukraine, will be committed to an escalation of US war threats abroad, combined with an intensification of the assault on the rights and conditions of the working class at home.

Janet Yellen, Biden’s treasury nominee, received millions from Wall Street





https://www.wsws.org/en/articles/2021/01/08/yell-j08.html




Nick Beams
9 hours ago







Disclosure statements issued on New Year’s Eve, initially reported by the web news site Politico, revealed that the former chair of the US Federal Reserve, Janet Yellen, President-elect Biden’s choice for the post of treasury secretary, picked up $7.2 million in fees from major Wall Street corporations and banks in the past two years.

The main source was in speaking fees, particularly from Wall Street banks, including $992,000, which Yellen received from the Citi investment bank for nine appearances.

The disclosure statement lists a total of 54 fees from some of the biggest names in US and global finance. As Fed chair Yellen received around $200,000 a year. She made more than that in a few hours when addressing the corporate elites.

Among the largest individual amounts are: $270,000 in a speaking fee paid by Standard Charter Bank for an address in March 2019; a speaking fee from Credit Suisse of $292,000 also in March 2019; payments totalling more than $800,000 from the hedge fund Citadel, founded by large Republican donor Ken Griffin, and the list goes on.

The payments were not confined to banks and investment houses. The Hong Kong Development Council paid Yellen a $270,000 speaking fee in January 2020.

The disclosure statements also revealed that Biden’s nominee for secretary of state, Antony Blinken, received nearly $1.2 million over two years from WestExec Advisors, a consulting firm he helped found with former members of the Obama administration. Its clients included the giant investment firm Blackstone, Bank of America, Facebook and the Japanese financial conglomerate Softbank, among others.

When Blinken seemed likely to assume the post, WestExec said in a statement that he helped business leaders “make the best decisions in a complex and volatile international landscape.” No doubt the firm and its clients are banking on that role continuing in his new position.

The money paid to Yellen is a large amount but it pales into insignificance in comparison to that raked in by Hillary Clinton. It is estimated that she and former President Bill Clinton received $153 million in speaking fees.

The disclosures by WikiLeaks of the Wall Street money flowing to Clinton in the lead up to the 2016 presidential election—one of the motivating factors behind the political vendetta against its founder Julian Assange—revealed the importance of such “speaking engagements” in strengthening the ties between the financial oligarchy and the political establishment and greasing the wheels of their collaboration outside of public view.

In a secret speech to a securities law firm in 2014, Clinton remarked that she had “represented and worked with” so many on Wall Street and that she “did all I could to make sure they continued to prosper.”

In another speech Clinton admitted that she had “both a public and private position” on certain critical issues and only revealed her private position when engaged in “back room discussions.”

“If everybody’s watching, you know, all of the backroom discussions and the deals, you know, then people get a little nervous, to say the least,” she said.

During her term as Fed chair, Yellen was regarded as a friend of Wall Street as she continued the policies of quantitative easing initiated by her predecessor Ben Bernanke which pumped hundreds of billions of dollars into the financial system enabling the rampant speculation that produced the crash of 2008 to continue.

On the basis of her record there was conjecture that President Trump may have reappointed her Fed chair when her first term expired in 2018. In fact, during the first two years of his term, Trump railed against his appointee Jerome Powell for keeping interest rates too high.

The publication of the Politico report set off something of a Twitter storm with accusations that the report was “misogynistic.” In a sarcastic comment, Christine Pelosi, daughter of House Speaker Nancy Pelosi, and chair of the California Democratic Party’s Women’s Caucus wrote: “Outrageous that Janet Yellen was paid for these speeches at lower rates than her male counterparts.”

An anchor on the MSNBC channel Stephanie Rhule tweeted that Politico should “do better” and defended Yellen for simply being “paid market value” for the speaking events.

Writer and journalist Amee Vanderpool tweeted that Yellen was being attacked for making too much money and the “real problem is the rampant and pervasive sexism that is still allowed to invade too many opinions.”

All the talk of “misogyny” and “sexism” again reveals that one of the key driving forces of identity politics is money and wealth. Furthermore, it is aimed at covering up the essential issue: that Yellen is to be appointed to the key economic post in the Biden cabinet where she will oversee Wall Street corporations such as Citigroup and Goldman Sachs from whom she has collected millions of dollars.

Journalist Glen Greenwald weighed in to raise one of the key questions. “Democrats—including numerous Dem Party-aligned journalists—have spent all day smearing two Politico reporters as misogynistic because they had the sexist audacity to report on the very lucrative relationship between Janet Yellen and Wall St., the industry she is about to regulate.”

The “left” House of Representatives member Alexandria Ocasio-Cortez took a cautious approach and defended Politico’s reporting. “We may not want to admit it, but policymakers’ experiences DO shape their thinking. Is it disqualifying, etc? That’s for the public to decide,” she wrote.

In fact, the public has no say in the matter at all. The issue will be decided in the upper echelons of the Democratic Party establishment and by a confirmation vote in the Senate if it decides to go ahead.

One of those with a vote in the confirmation will be so-called “progressive” Senator Elizabeth Warren who at one stage was being considered for the job.

In the past she has been critical of the “revolving door” between the government and Wall Street. Politico reported that she did not respond for a comment on the article but noted that she had previously called Yellen an “outstanding choice” for the treasury position.




Ask Prof Wolff: Recession: Capitalism not Covid

 


https://www.youtube.com/watch?v=wXJlu4pOrFo&ab_channel=DemocracyAtWork




Friday, January 8, 2021

No More Excuses For Democrats -- AOC Pivots Messaging

 

https://www.youtube.com/watch?v=eA1L2hXwv6A&ab_channel=TheJimmyDoreShow




Wolff Responds: DC Rage: More Coming Unless Basic Economic Changes Made

 

https://www.youtube.com/watch?v=kvzgRCjN2NQ&ab_channel=RichardDWolff