The president’s new choices for Commerce secretary and FCC chair underscore how far down the rabbit hole his populist conceits have tumbled. Yet the Obama rhetoric about standing up for working people against “special interests” is as profuse as ever. Would you care for a spot of Kool-Aid at the Mad Hatter’s tea party?
Of course the Republican economic program is worse, and President Romney’s policies would have been even more corporate-driven. That doesn’t in the slightest make acceptable what Obama is doing. His latest high-level appointments – boosting corporate power and shafting the public – are despicable.
To nominate Penny Pritzker for secretary of Commerce is to throw in the towel for any pretense of integrity that could pass a laugh test. Pritzker is “a longtime political supporter and heavyweight fundraiser,” the Chicago Tribune reported with notable understatement last week, adding: “She is on the board of Hyatt Hotels Corp., which was founded by her family and has had rocky relations with labor unions, and she could face questions about the failure of a bank partly owned by her family. With a personal fortune estimated at $1.85 billion, Pritzker is listed by Forbes magazine among the 300 wealthiest Americans.”
A more blunt assessment came from journalist Dennis Bernstein: “Her pioneering sub-prime operations, out of Superior Bank in Chicago, specifically targeted poor and working class people of color across the country. She ended up crashing Superior for a billion-dollar cost to taxpayers, and creating a personal tragedy for the 1,400 people who lost their savings when the bank failed.” Pritzker, whose family controls Hyatt Regency Hotels, has a vile anti-union record.
Commerce Secretary Penny Pritzker? What’s next? Labor Secretary Donald Trump? SEC Chairman Bernie Madoff?
The choice of Penny Pritzker to run the Commerce Department is a matched set with the simultaneous pick of Tom Wheeler – another mega-fundraiser for candidate Obama – to chair the Federal Communications Commission.
With crucial decisions on the near horizon at the FCC, the president’s nomination of Wheeler has dire implications for the future of the Internet, digital communications and democracy. For analysis, my colleagues at the Institute for Public Accuracy turned to the progressive former FCC commissioner Nicholas Johnson, who called the choice “bizarre.”
“There is no single independent regulatory commission that comes close to the impact of the FCC on every American’s life,” Johnson said. “That’s why Congress, in creating it, characterized its mission as serving ‘the public interest’ – an expression used throughout the Act.”
But with
This article originally appeared on : Global Research