135 Comments
User's avatar
⭠ Return to thread
Apache's avatar

Ronald Reagan would have been beyond Horrified by DJT, and Mini-Me JD...

Expand full comment
Gigi's avatar

I would like to hear some notable repubs be horrified—Bush,Pence, Romney, Cheney…hellooo?

Expand full comment
Jan's avatar

Liz Cheney has gone on record as opposing what Trump has been doing.

Expand full comment
Laurie HAWKES's avatar

I grew up thinking the name Cheney was that of the devil, but I am now in deep deep respect and admiration for those Republicans who do stand up to the craziness. Yay Liz Cheney!

Expand full comment
David Clark's avatar

Putin wants to invade Ukraine and steal its valuable resources. Trump promised to end that war without saying how he would do it. Now we know how. He and Vance told Zelensky that they would "save" his country from Putin by having the United States invade Ukraine and steal its valuable recourses instead. Trump is making the US the scorn of the civilized world.

Expand full comment
JohnM upstateNY's avatar

Ahhh, the Art of the Deal David! ...the substance of a true shyster and grifter laid bare!

Expand full comment
Jane Hensley's avatar

The Art of the Heel

Expand full comment
Frank Loomer's avatar

Never thought "back then" i'd ever be cheering on the neocons Cheyneys including Liz.

Expand full comment
RC Morrison's avatar

Unless I have missed it, no neocon has spoken against Trump. There will be a place in history for them in the chapter titled, "Enablers."

Expand full comment
Martin Reiter's avatar

I’m not exactly sure who qualifies as a neocon, but John Bolton has spoken out.

Expand full comment
Bryan Sean McKown's avatar

True. But it has been a long, long road for Mr. Bolton. Anyone remember Bolton's role In the "Brooks Brothers" DC intervention in the Florida National Election Gore-Bush count?

I recall Bolton was the poster Boy with beedy eyes & mustache looking up against light at a election ballot to inspect the infamous "hanging chad".

Or should I refer to the episode as the Bush-Gore-Stop-Counting Election? Reminder to Attorneys, SCOTUS ruled we cannot cite their Bush-Gore Opinion for anything much less "Black Letter" law.

Expand full comment
Michele's avatar

Her father was anathema to me and the wing nut across the street looks and sounds like him. However, I am glad that Liz is speaking out as did Pence recently.

Expand full comment
Frank Loomer's avatar

me too, ive been impressed by Pence of late, whatever the rest of it.

Expand full comment
Linda McCaughey's avatar

"The enemy of my enemy is my friend."

Expand full comment
Stanley Varon's avatar

Absolutely!!

Mao said this about allying with Chang Kai-shek against the Japanese invaders.

Expand full comment
Frank Loomer's avatar

its a famous stratagem, played through history, often more like a multi-centred venn diagram.

Expand full comment
Bryan Sean McKown's avatar

Sharp Frank🎯

Expand full comment
Ricardo Grinbank's avatar

Back then, not long ago, I thought that nobody would be worse than them....I was so wrong....😫

Expand full comment
Je's avatar

Remember that in the next election. Not all conservatives have horns and tails (and not all liberals have common sense.)

I'm still trying to figure out why most Republicans are going along with Trump's agenda. Are they really afraid (what liberals want to think) or are they truly fed up and find Trump a useful tool (what liberals can't fathom)?

Expand full comment
Donald Twaddle's avatar

G.R.E.E.D.

Expand full comment
Ricardo Grinbank's avatar

Exactly 💯 %

Expand full comment
Je's avatar

That broad brush which liberals use to paint conservatives is part of the reason we just lost the election. I'm talking about voters that supported Republican candidates in the last several elections. Greed is not close to one of the adjectives of use.

Expand full comment
Eileen Mullen's avatar

Maybe stupidity?

Expand full comment
Bonnie Beresford's avatar

Je: Have you bothered actually talking to any of them? Look at what the Dems agenda has done to America in the last 4 years:

UKRAINE: got us into a never-ending war because Biden gave Zelenski enough to keep fighting but not enough to win.

BORDER: deliberately let millions upon millions of people , most of whom cannot speak English and will need OUR social assistance dollars for the foreseeable future. loose in our country.

CRIME: allowed AGs across the country to NOT criminalize theft or violence and have also let many violent illegals loose; refuse to prosecute theft under $100 dollars, leading to invasions of shoplifters and locked-up merchandise.

RIOTS: Refused to lock up/prosecute BLM rioters who actually killed cops in summer 2020, while calling a few trespassers on Jan 6 "insurrectionists" when not one of them had a gun, and the 5 people who died that day were all non-violent Trump supporters.

LAWBREAKING: Siccing the DOJ and crooked lawyers/judges on any opposition politician who threatened to unseat Biden, ie Trump and RFKJr.

ELECTION: removed elected President without Dem voter input, then inserted Kamala Harris as candidate without Dem voter input, while blaming Trump for "threatening democracy".

Expand full comment
Bonnie Beresford's avatar

Continued: There were only two choices in 2024. Why do you THINK we voted for Trump?

Expand full comment
Julie M Murray's avatar

tell us, please. Why DID you vote for DJT.

Expand full comment
Eileen Mullen's avatar

But none of the rest of the Republican members of Congress.

Expand full comment
Gigi's avatar

Anything lately? I’m afraid she was threatened after Donnie’s last outburst. M

Expand full comment
Jim Brown's avatar

REAL Republicans like Liz Cheney, Adam Kinzinger, Steve Schmidt, and the people at The Bulwark have been QUITE vocal in their opposition for years. I've seen strong denunciations by all three in the wake of this most recent disaster. I don't have time to watch long-winded, time-filling videos from Schmidt and the Bulwark folks, but they're all doing the right thing.

Expand full comment
Lauren Lundgren's avatar

I've been watching the podcasts you mention, Jim Brown, the Lincoln Project for several years. I find their commentary more illuminating than staunch Dems in most cases, although I also watch Brian Tyler Cohen and the Meidas Bros. The interesting thing is that they're more or less of one voice: they're for trimming waste, fraud, and abuse from gov't spending, and they say frequently that Elump is only cutting programs that hurt the bottom to renew tax cuts for the top, that how they're doing it is illegal and unconstitutional, and that they are crass, crazy, greedy kleptocrats shoving money into their personal pockets. There are no different sides to the aisle when it comes to supporting the constitution or loving democracy. We're either for American ideals or against it. Elump is emphatically and shamefully against.

Expand full comment
Stephanie Astrin's avatar

So true! The American people need to flood the regime with emails written in all caps reminding them that this is OUR MONEY and should not be redistributed to the wealthy. And the Repubs are going to fired for poor performance. Instead of the snarky subject line: “Fork in the Road,” our emails’ subject line should read: “Pitchforks in the Street.”

Expand full comment
Michele's avatar

Stephanie, on alt national park service there was a post that said EPA workers are being treated like criminals with visits from the F.B.I. because they have been doing their jobs. Not only is the country is the country becoming a s...thole country in terms of foreign affairs, etc, but it will be literally a s...thole place to live...unless you are rich.

Expand full comment
L.  Murphy (Albuquerque, NM)'s avatar

Dear Michele - I just read about the FBI coming down on the EPA as if it were a criminal organization. It is an alarming turn of events much like what happened to Zelensky in the Oval Office. This nation is devolving into a police state much like the Soviet Union was with the FBI becoming the American version of the KGB. I don't feel safe any longer. Who's next?

Expand full comment
Ricardo Grinbank's avatar

L. we the people is next.

Expand full comment
Michele's avatar

My husband just told me that little johnson thinks that Zelens'ky should resign. And muskrat think we should leave NATO and the UN. WTH.

Expand full comment
Ricardo Grinbank's avatar

Michele,let's get rich then. Problem solved 😄

Expand full comment
Michele's avatar

Oh yeah.

Expand full comment
Fred Krasner's avatar

If one truly sought to trim waste, whether resulting from fraud, negligence, or slap dash purchasing protocols, why wouldn't one look first at the defense department spending? It is the largest item in the budget, and they have a long record of being unable to account for their assets or to pass an audit. This omission by the Muskrats is a clear signal that the waste cutting is just a smokescreen for their adoption of the 2025 agenda and their proposed tax cuts, which will transfer trillions from the middle and less well off classes to Uber wealthy billionaires and corporations.

Expand full comment
Lauren Lundgren's avatar

I agree 100%, Fred Krasner. It's obvious to even the most casual observer that they have no interest in coming up with a better budget. They're looking in the couch cushions for enough change to cover the renewal of T1 tax cuts. And the irony is that they'd get there a bunch faster if they did look at military spending. But that would cut into Elon's take, which would never do.

Expand full comment
L.  Murphy (Albuquerque, NM)'s avatar

Of course, the cost-cutting is just a smoke screen for the real reason Musk is firing staff in departments that oversee his businesses and the departments that Trump has a personal distaste for. What I find ironic is that Musk stood up at the first cabinet meeting talking about how much money is devoted to servicing the debt and yet Trump wants Congress to remove the debt ceiling limit. What a bunch of nitwits.

Expand full comment
Mar O’Malley's avatar

They offer only sound not device ideas for actions! Sound will not change or cure.

Expand full comment
Dave Dalton's avatar

Jim, interesting to hear your comments about the long videos. Me too. Schmidt has strong points but they to take forever to get to them

Expand full comment
Gail H's avatar

Sometimes it seems as if they're being paid by the minute.

Expand full comment
Nanny Ann's avatar

Oh, really? I've been following Steve Schmidt on Substack and like his writing and opinions. I was not aware that he's a Republican; he sure doesn't sound like one! So, I agree about Liz Cheney and now Steve Schmidt. I found the Bulwark to be incoherent, so I dropped my subscription to that.

Expand full comment
Tom's avatar

He was McCain’s campaign manager and the person most responsible for choosing Sarah Palin as the VP candidate. He was also a principal supporter of the Dean Phillips candidacy against Biden in the 2024 primary.

To me, Schmidt seems to write in a sort of ersatz West Wing tone while practicing the usual Republican hackish politics.

Expand full comment
Sharon's avatar

I’ve always had the impression that he’s in it for himself. I was considering McCain as a candidate when they stuck Palin in there. I had great respect for the McCain family when I lived in Arizona. He would have been my first Republican vote.

Expand full comment
Gerry Queenan's avatar

Steve is not a Republican . He became a Democrat when Trump was elected. He did work for McCain but has stated repeatedly in his posts that he did not have anything to do with picking Palin..

Schmidt is one of the best friends the Resustance has.

Expand full comment
SR B's avatar

The choice of Palin caused my mother, a diehard Republican up to that point, to start voting for Democrats. She says she’s never going back.

Expand full comment
Gail H's avatar

Hmm, I didn't know those things about Schmidt. Thanks for mentioning it.

Expand full comment
Shelley Cichy's avatar

Steve Schmidt gave us Sarah Palin.

Expand full comment
Gerry Queenan's avatar

No.he did not. Go back to some of his posts and he talks at length about that

Expand full comment
MLMinET's avatar

He was a founder of The Lincoln Project. He managed John McCain’s campaign.

Expand full comment
Nanny Ann's avatar

btw, I just turned 84, so I'm no spring chicken, either, Kelly Brest van Kempen.

Expand full comment
Susan Shulman's avatar

Schmidt used to be a Republican. Not anymore.

Expand full comment
Christie, Martina's avatar

Schmidt is a disillusioned Republican, and worked for John McCain’s campaign of late. Knows how it works within the public, was part of the initial Lincoln Project group.

Expand full comment
DebbieM (OH)'s avatar

YES! Where are the Clintons, Bush, Biden, Harris, Obama????

Expand full comment
Bruce Sellers (Georgia, USA)'s avatar

Yesterday, I noted to a friend who was asking the same thing that there has seemingly always been this unspoken "code" amongst ex-Presidents that once they are out of office they refrain from any and all interference in succeeding administrations. The glaring exception to this, of course, is the current interloper in the White House, who has never avoided any opportunity to open his big yap. However, it would seem to me that the situation right now demands "all hands on deck" in defending our democracy, so any such "codes", or "gentlemen's agreements", should be put by the wayside.

Expand full comment
DebbieM (OH)'s avatar

I agree. I understand the traditional 'code' but, as you say, what's happening today is not traditional and is definitely endangering our country. My only hope is that the formers are silently gathering and preparing their own "Project 2025" to destroy this regime.

Expand full comment
Kathy Clark's avatar

James Carville, from Louisiana, says we should roll over and play dead and let the Regime dig itself a ditch. But how to recover and how long to shovel all that dirt back in?

Expand full comment
Dale Rowett's avatar

To paraphrase Ellen Glasgow, “The only difference between a ditch and a grave are the dimensions.”

Carville is older than the dirt removed from a ditch. He was once a brilliant strategist, but his strategies worked in a world that is very different from the one we live in now.

If Donald's handlers are allowed to wreak havoc at the pace they are currently keeping, humanity will not survive long enough to repair the damage.

Expand full comment
DebbieM (OH)'s avatar

I agree. Carville's idea may be workable, but we can't wait any longer. We've waited 9 years too long all ready.

Expand full comment
Bryan Sean McKown's avatar

The "Python" is wrong on his one. Pythons just keep squeezing. The Nation is stressed out.

You can almost feel the widespread anxiety. Anxiety breeds misperceptions then mis-reporting then more confusion. All that leads to PANIC as the nation witnessed yesterday at the Dallas TX, National Cheerleaders gathering. A "loud noise " turned into a "loud pop" which morphed into "pop, pop, pop" which triggered a police & ambulance overreaction from a "fight"

Do not Play Dead.

Like Rachel Maddow taught me ... go to a valid LOCAL news source. The Dallas Morning News:

"What we know about incident at the NCA cheer competition at Kay Bailey Hutchinson"

Expand full comment
Michele's avatar

Byran, you can actually feel the anxiety and read about it. On Nextdoor yesterday, some poor soul worried about Medicare and a mess physically was calling for people to join her in a protest at the state capitol downtown..Salem, Oregon. Often I see wingnuts there.

Expand full comment
Bryan Sean McKown's avatar

Thank you Michele.

Yesterday, I filed a Freedom of Information Request (FOIA) on the Social Security Administration to dig into SSA 's purported "employee reductions" & "plans".

I will Litigate if necessary.

Expand full comment
Michele's avatar

Kudos, Brian. Please keep us posted.

Expand full comment
Michele's avatar

James Carville can eat dirt. I can't even listen to him. And the hubris....

Expand full comment
SR B's avatar

Carville is wealthy. A lot of people can’t afford to just roll over.

Expand full comment
Barbara Mullen's avatar

This is a all hands on deck moment. I am disappointed beyond belief that the former Presidents and VP Harris, and Sec. Clinton are MIA.

Expand full comment
laura's avatar

Whenever I see someone mention, "Where are the past Dem Presidents?" I wonder how devastating this moment is to them. They were all civil servants who dedicated their lives to strengthening our country. And we elect a mobster conman who told us who he was for a decade as he built enough power to destroy our country. Why is it on them to fix our disastrous mess if we chose it? I understand their silence as a reasonable reaction to OUR absolute rejection of all their work, vision, and morality.

Expand full comment
DebbieM (OH)'s avatar

It is not on them to fix this mess. But it would be nice to know they are in favor of fixing it. Evil is allowed to flourish when good people stay silent.

Expand full comment
Michele's avatar

I believe Obama has spoken out. Frankly, short of some special ops, I am not sure exactly what can be done.

Expand full comment
Barbara Mullen's avatar

They are the least of my worries. Every one of them are multi-millionaires. We elected?! No "we" did not.

Expand full comment
becky estill's avatar

Doing what? Howling into the void like the rest of us?

The Continuing Resolution (CR) to extend federal spending and avert a government shutdown ends March 14, 2025.

I suspect (hope!) Dems are waiting for the upcoming budget shit show in order to get more of the public on board. In this country, most people don't react until it affects them personally.

Expand full comment
DebbieM (OH)'s avatar

There are some - Jamie Raskin, AOC, Bernie Sanders, etc. - who are speaking out. The formers could join them if for nothing else to show they are against what trump is doing. After all, it is we the people who have to vote them out or protest them out or revolt them out. It would be good to know who all supports us.

Expand full comment
Linda McCaughey's avatar

Yes! Bernie is always the one I want for a leader. He was treated shamefully by the Democratic party which did all it could to stop him from becoming our president. A populist president, truly looking out for the people and the planet. Another ginormous error that we will never stop paying for.

Expand full comment
Tom's avatar

Bernie was treated shamefully by the Dems? You do realize he is not a Democrat? And when he was losing, he tried to force a rule change—in the middle of the primaries—to benefit his candidacy? The party he disdains treated him shamelessly? And he then sat out the Clinton campaign acting angry and disaffected?

Bernie, who has never passed a significant piece of legislation he sponsored is to me a perfect example of why activists should not be elected to office.

Expand full comment
Linda McCaughey's avatar

Yes, I do realize that he is an Independent. I don't care about party affiliation--I focus on humanity, character, and heart. He is the only one I've seen in the sea of selfishness and ambition that is our 2 party system in decades. Carter was the last.

Expand full comment
Michele's avatar

Tom, personally, I have never liked Bernie, but do like some of his ideas. I would have voted for him had he been the candidate. And had HRC won, we would not be in the mess. It was a dire enough situation in 2016 especially with the Supreme Court that people should have held their noses.

Expand full comment
Maureen Moeller's avatar

Hillary was more qualified. Period. However, in retrospect I believe Bernie may have been able to overcome the suddenly emboldened misogynistic crowd rejecting Hillary. She did win the popular vote.

Expand full comment
Michele's avatar

becky, some of them are being affected personally including some of those who voted for death star.

Expand full comment
Sebastian's avatar

Indeed! Where are they??? We need them to speak.

Expand full comment
Papa’s Pancake Paradise's avatar

You are exactly right, Gigi! This entire Trump mess lays at the feet of the Republican Party. GOP now stands for something like Gone Out Partying. Yes, there are a few vocal Republicans, but most (all?) of those in “power” are silent, publicly and, apparently, privately.

It’s going to take some time, but the Trump Demolition Squad (TDS, right?) will do enough damage to make taking action obvious and imperative.

In the meantime, We, the Shut Him Up Totally (SH!T) Brigade need to protect each other and those most vulnerable and do what we can to survive. This cleanup is not in the hands of the press or the late night comedians. We need to encourage (NOOE DEMAND) our Senators, Representatives, Governors - of all stripes - to get to work NOW!

Expand full comment
Ricardo Grinbank's avatar

There're no more Republicans Gigi.

Either they are exiled in their houses or they arr msga. No other options for them.

Expand full comment
Daniel Kunsman's avatar

They are Nazis. All of them.

Expand full comment
Ricardo Grinbank's avatar

Absolutely Daniel.

Expand full comment
Donald Twaddle's avatar

That is gaslighting.

Expand full comment
Daniel Kunsman's avatar

Study a little history. This is a mirror to 1930’s Germany.

Expand full comment
Donald Twaddle's avatar

There are some true Republicans out there, somewhere.

Expand full comment
Daniel Kunsman's avatar

Not anymore. Anywhere.

Expand full comment
RC Morrison's avatar

Liz Cheny has spoken, not her father. As for the others, history will remember their silence. They are waiting to see if we revolt, so REVOLT (and call your congressperson)

Expand full comment
Corinne Steigerwald's avatar

In the 60s, we revolted. We were out in the street. We were sitting in. We were dragged away by the police. Why is everybody at home hoping someone else will do what we the people have to do?

Expand full comment
Julie M Murray's avatar

because those of us who did all of that in the 60's are now in our 80's and doing as much as we can.....where are the younger people in the crowds that we were part of?

Expand full comment
Dave Dalton's avatar

All in hiding

Expand full comment
Daniel Solomon's avatar

Window of opportunity to pressure Congressional Republicans.......

Picket. Sit in. Call. Write.

Expand full comment
Daniel Solomon's avatar

From Axios.

Rep. Don Bacon (R-Neb.), in a text to Axios, said Friday was "a bad day for America's foreign policy."

"Ukraine wants independence, free markets and rule of law. It wants to be part of the West. Russia hates us and our Western values. We should be clear that we stand for freedom," he said.

Rep. Mike Lawler (R-N.Y.), in a post on X, called the meeting "a disaster — especially for Ukraine," adding, "Sadly, the only winner of today is Vladimir Putin.

Expand full comment
Daniel Kunsman's avatar

When either or both grow the balls to stand up in Congress, and publicly state their opposition to the Nazis, I'll believe them. Until then, they're nothing but publicity hounds, and false patriots.

Expand full comment
Stanley Varon's avatar

If they had any guts they would quit the Republican caucus, call themselves the Independent Caucus and vote with the Dems in a coalition, dump Mike Johnson and vote to impeach Trump and Vance. I guess I can dream.

Expand full comment
Daniel Solomon's avatar

You live near one of the Republican House members who says he wants to work with Dems.

David Joyce: (202) 225-5731 D.C. —— (440) 352-3939 District Office

2065 Rayburn House Office Building -- Washington, DC 20515

District Office: 8500 Station Street, Suite 390 — Mentor, OH 44060

You also live near Marcy Katur's district and she is orgainizing resistance in the House -- is a Dem chair of a biparisan House Committee.

Parma has more Ukrainian Amdericans per square inch than any city in America. To parqaphrase,. it started in Parma and went all the way....

Expand full comment
Daniel Kunsman's avatar

We have had 2 rallies at his local office. He was a no-show both times, or at least stayed in hiding. I've sent daily emails to him, with no response to this point. I've called almost daily, and am greeted by a semi-conscious maybe-human. The man is a spineless eunuch. Ms. Kaptor is in the Toledo area, so out of my district. And there was a large Ukrainian support rally in Parma yesterday that did get some local TV coverage, and I believe Ms. Kaptor attended. I could not - this time. As to Joyce, he talks a good game, but if he ever HAD to state a position, he would piss in his pants on the spot.

Expand full comment
Stanley Varon's avatar

Sounds like Tom Keane, Jr. (R-NJ) who never holds a Town Hall or meets with the Press. District is adjacent to the one where I live.

Expand full comment
Sharon's avatar

I was just wondering around to my husband yesterday about how all the Ukrainian Americans feel about this. My best friend was Ukrainian growing up and her mom was like a second mom to me. It was a massive community of some of the greatest people I had the opportunity to learn from.

I don’t understand how Republicans are still getting elected to office in Ohio.

Expand full comment
Daniel Kunsman's avatar

Gerrymandering. Lack of any real press. There's bigger stories about it, but for now, these are the major issues today.

Expand full comment
Julie M Murray's avatar

because the state is massively gerrymandered, despite the SCOTUS demanding "Fair Districts" the Repubs find a way to prevent that from happening...

Expand full comment
RC Morrison's avatar

All four actions are good but calling seems to be the most effective and SO easy: (202) 224-3121

Expand full comment
Julie B-R's avatar

Adam Kinzinger is very outspoken in his opposition to the president and his administration. You can find him here on Substack!

Expand full comment
Gigi's avatar

I already subscribe and recommend him highly.

Expand full comment
Virginia Witmer's avatar

Cheney has expressed a certain horror.

Expand full comment
Michelle Ponkutcat 060's avatar

Adam Kinzinger has been speaking out. He has a substack post you should check out.

Expand full comment
Barbara Mullen's avatar

Reagan set this up. He laid waste to the middle class, promoted hatred, homophobia and racism, and advanced the disastrous trickle-down theory. He and his policies were a precursor to every single thing the Republican Party is today. No wonder the Republican Party deifies him.

Expand full comment
RC Morrison's avatar

I felt the same way Barbara . . .but I am 78. To the MAGA's Regan is ancient history . . .if they have any sense of history at all . . .

Expand full comment
Gjay15's avatar

Sadly O agree with you.

Expand full comment
Susanna J. Sturgis's avatar

But let's not forget that the slide toward Trump began with Reagan (if not earlier, with Nixon's southern strategy and the now-famous Lewis Powell memo of 1971). The corporate tax cuts. The gutting of unions. The Clinton administration surely helped by repealing the Glass-Steagall Act, which had done a lot to keep corporate money in check. Then Bush II, along with being arguably the least competent president till Trump relieved him of the title, appointed John Roberts as chief justice of the Supreme Court and Samuel Alito as associate justice, which led to the godawful Citizens United decision (2010) even before we got the three McConnell-Trump appointees.

Expand full comment
Marge Wherley's avatar

Susanna, and I can’t forget Clinton’s 1996 “welfare reform,” which converted a federal entitlement for poor families into a block grant for states. Red states chose to divert a lot of their block grants to surveillance of patents, and onerous requirements (like parenting classes, drug testing,etc) rather than the cash payments that paid rent. The whole country essentially froze benefits for the next quarter century. And that is when, for the first time, we experienced family homelessness. Once rents exceeded the entire cash benefit, homelessness increased in my county by 32% PER YEAR. THIS is what the GOP would love to see again.

Expand full comment
Susanna J. Sturgis's avatar

Absolutely! I wish more people were making that connection.

Expand full comment
Tom's avatar

Glass Steagall had absolutely nothing to do with keeping corporate money in check. It was passed in 1933 as a companion piece to establishing the FDIC.

It separated investment banking and commercial banking. It was written to protect depositor money by enduring that banks with depositor money could not engage in the inherently riskier activities of investment banking.

Its repeal was accompanied by substantially strengthened rules by the FDIC, the Fed, and the Comptroller of the Currency to limit the commingling of depositor money and investment banking activities.

But feel free to keep trying. Last time I read one of your comments, you blamed its repeal (and Clinton)—wrongly—for the real estate crisis.

Expand full comment
Susanna J. Sturgis's avatar

So I guess the multiple marriages of investment banking and commercial banking had nothing to do with the wild speculation in derivatives (etc.) that led to the economic crash of the late Bush II administration? Asking for several friends . . .

Expand full comment
Tom's avatar

As I have replied to you before, there was nothing in Glass Steagall that would have prevented banks from bundling shitty sub-prime mortgages and selling them as securities. Nor prevented investment brokers and investment bankers from buying them. Nor prevented insurance companies that went far beyond their capital adequacy from insuring them. Nor for corrupt rating agencies from assigning spuriously good investment grades as a way to curry favor with investment bankers.

This is a complicated subject and someone who doesn’t understand would not bother me. Except you sort of pretend you do, and get a snotty attitude when you’re challenged.

Feel free to tell your several friends.

Expand full comment
Potter's avatar

Thanks for your explanation. I go for the simple idea that there will always be people who are looking for holes, ways to make money, regardless of it being at the expense of others. There are not enough laws, and will never be, to cover the cleverness cum corruption/ill will of people who are so disposed. We have great example of that in the White House.

Expand full comment
laura's avatar

Thank you for this response. For those of us still learning our history...Clinton became President when I was in college. He was my first Presidential vote! While I was thrilled about that, I admit I didn't pay as much attention to some of his policies in real time.

Expand full comment
Kathy Clark's avatar

Just an aside.........do we still have the FDIC? Is our money safe?

Expand full comment
Tom's avatar

Yes. For now.

Expand full comment
Barbara Mullen's avatar

Absolutely Susan. Why do people think the Republican Party calls him St. Ronny?

Expand full comment
Susanna J. Sturgis's avatar

Thanks! Gotta say, I'm exasperated with all the people who think this all started with Trump. Trump is the endgame -- but I don't think Reagan and his crew, or even Bush II and *his* crew, had any idea we'd end up where we are now. (I'm still having trouble believing it myself.)

Expand full comment
Potter's avatar

It grew... with enough ignorance and disinformation. Trump stepped in and took this partisanship to the extreme. We got complacent and "triangulated" went along to get along. They were increasingly for absolute rule. And so we are here. This is a really tough situation.

Expand full comment
Craig's avatar

HA! HA! Raygun started this whole DAMN thing!

Expand full comment
JDinTX's avatar

Reagan did what Nancy said

Expand full comment
Stephanie Astrin's avatar

You mean - Just say No?

Expand full comment
Michele's avatar

Apache, I have been looking for a good nickname for JD....Mini-Me fits well. He and his family tried to go skiing in Vermont and they were met by protesters. One sign said Go ski in Russia.

Expand full comment
Stephanie Banks's avatar

Of course, that was a time when the US still believed in "we hold these truths to be self-evident...."; when we still had respect for order, good to the poor, trying not showing pride or prejudice. Today, our great leader fans the flames of hatred and espouses extremist aims.

Expand full comment
Susanna J. Sturgis's avatar

When was that? My best guess is the 1970s, as the passing of Jimmy Carter has reminded us.

Expand full comment