News for hackers. Stuff that matters.
Re:China to inject $174B of liquidity on Monday as markets r... by rayiner on Sunday February 02, 2020 @02:24PM (#22218797)
> Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces.

Leaving aside the offensive comparison of the US to the USSR, you overlook that after GWB, we doubled down on the “US consensus” by electing Barack “drone strike” Obama. (I think Obama was a great President, but he was also very little different than George Bush except in his oration.)

Re:China to inject $174B of liquidity on Monday as markets r... by toyg on Sunday February 02, 2020 @06:53PM (#22220336)
> Leaving aside the offensive comparison of the US to the USSR

My argument is that you could see the turning point in public opinion breaking a political arrangement that had looked untouchable (and downright tyrannical, with journalists being ostracized and people getting marginalized as "unpatriotic") just a few months earlier. Katrina is when even Republicans decided the regime they had supported since 2001 was not fit for purpose anymore.

> you overlook that after GWB, we doubled down on the “US consensus”

That's hindsight after a decade. Obama ran on a campaign of dramatic change; at the time he was seen as a massive disruption of the status-quo, way to the left of the Clintons - let alone of Cheney. Whether he then delivered on his original promises, and in which areas, is irrelevant to why he was voted in the first time.

Re:China to inject $174B of liquidity on Monday as markets r... by input_sh on Sunday February 02, 2020 @02:59PM (#22219032)
At least Obama reported the number of casualties of drone strikes, a rule which the current president got rid of via an executive order.
Re:China to inject $174B of liquidity on Monday as markets r... by user982 on Sunday February 02, 2020 @03:12PM (#22219118)
Lies to your face are preferable to lies of omission?
Re:China to inject $174B of liquidity on Monday as markets r... by yswhhshs on Sunday February 02, 2020 @02:53PM (#22218984)
So you think Bush was a great president then?
Re:China to inject $174B of liquidity on Monday as markets r... by cycrutchfield on Sunday February 02, 2020 @03:03PM (#22219067)
>I think Obama was a great President, but he was also very little different than George Bush except in his oration

Talk about revisionist history, my goodness.

Re:China to inject $174B of liquidity on Monday as markets r... by lubujackson on Sunday February 02, 2020 @03:52PM (#22219337)
It is certainly not a popular opinion. But as diametrically opposed as they appear, there are plenty of problematic issues under Obama that Dems (and Republicans) conveniently ignore. My biggest disappointment at the time: Obama kept all of Bush's economic team intact when he came into office. Yes, the same people who enabled the housing crisis and had strong ties to Goldman Sachs. Probably it should have been the biggest issue of the election but the dialogue was (and is) dominated by identity politics.

The underlying issue is that Obama was beholden to the exact same corporate influences as Bush. You don't rise through Chicago politics that fast without some deals in place. This isn't a condemnation of Obama, by the way, but recognition of the system's vulnerability.

Re:China to inject $174B of liquidity on Monday as markets r... by rayiner on Sunday February 02, 2020 @04:09PM (#22219438)
I disagree with your conclusion. Obama wasn’t “beholden to corporate interests.” He genuinely believed in the neo-liberal orthodoxy, and still does: https://www.commondreams.org/views/2019/11/21/sorry-presiden...

I grew up during the Clinton/Blair/Merkel era. I thought socialism was defeated in 1991. Everyone understood that markets and the private sector, with some levels of “nudges” as necessary, were the solution to everything. “Politics” was about how much you thought we should nudge in various directions, and whether you thought kids should learn about condoms or abstinence in school. So when Obama initially ran for office, I didn’t perceive Obama’s fundamentally neo-liberal capitalist world view as being a profound similarity between him and Bush. It wasn’t until people like Sanders and Corbyn started getting substantial traction that I realized we weren’t yet at the end of history and a commitment to the current economic world order was actually not universal.

Re:China to inject $174B of liquidity on Monday as markets r... by nate_meurer on Sunday February 02, 2020 @03:06PM (#22219084)
In your opinion, what are notable differences between the GWB and Obama admins?
Re:China to inject $174B of liquidity on Monday as markets r... by rayiner on Sunday February 02, 2020 @03:52PM (#22219333)
It’s in the hindsight of history that the differences that seemed significant at the time proved to not be. On the economy, both were mainstream neo-liberals. The best example is TARP. Obama inherited and continued TARP, but it’s also what he would’ve done anyway. Obama extended the Bush tax cuts for everyone earning below $400,000. On foreign relations, both were aggressive on terrorism. On immigration, their policies and rhetoric were similar, with Bush possibly being more liberal. (Bush strongly supported the Comprehensive Immigration Reform Act of 2007, which would have given everyone illegally present in the US on January 1, 2010, a permanent visa and pathway to citizenship.)

The two had different rhetoric on guns, religion, and abortion, but very carefully preserved the detante on these social issues by not proposing any significant legislation affecting them. On energy policy, both supported fracking and coal. (Obama had some last minute 2015 environmental regulations, which were quickly rolled back by Trump, but they clearly aren’t a priority seeing as how he waited until the last year of his presidency to act.) On healthcare, both had significant measures to expand coverage. (Bush’s Medicare Part D was a $50 billion/year program, while ACA was estimated to be $95 billion/year.)

Re:China to inject $174B of liquidity on Monday as markets r... by siracusa23 on Sunday February 02, 2020 @02:58PM (#22219018)
It's interesting to see the American side of the story: "offensive comparison of the US to the USSR"

I grew up during the fall of the Iron Curtain in an Eastern European country, building Russian Spectrum (Z80) clones for the bloc, the USSR had positive and negative impacts in our lives. I still live in the apartment that I received during the communist era through my work.

However the intervention of the Americans through CIA operations, after the fall of the Iron Courtain, were mostly negative, and we're still suffering because of them.

Not everything is black or white in life and the story is much more complicated than the "Russia bad" the media portrays in America. But I guess each one of us is a victim of a propaganda machine.