This time last week, Barack Obama was calling Wall Street bankers “shameful” for taking huge bonuses a) in the midst of an economic crisis that b) they caused and c) using taxpayer money that was meant to stabilize their banks.
How could these guys be so clueless and out of touch? Sure, they shuttle between Wall Street and their luxury homes on the Upper East Side or their weekend places in the Hamptons, or wherever, but they must turn on the tee vee or look at the internet or something besides their Bloomberg terminals. Hell, even their Bloomberg terminals could tell them they’ve trashed the economy.
By Tuesday, President Obama was regretting that he had to accept the withdrawal of Tom Daschle’s candidacy for Secretary of Health and Human Services. This was going be the guy to bring American health care into the 21st century and serve as White House health care czar.
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Everything Converges
I’m in Rochester, New York, my hometown, today. I don’t get here much and it’s been a while since I last visited. I can still find my way around, more or less. I have the experience common to ghosts when I look for things where I expect them to be and see they’ve been replaced by something else. Makes me want to moan and rattle my chains.
Rochester is less Rochester than it used to be. Places that used to be unique, landmarks of my mind, have been replaced by pre-fabricated chain outlets. Miles and miles of curbside commercial districts scraped away and superseded by pasted-in swathes of Everywhere Else.
Rochester is a factory town. In my youth, Rochester was known for making photographic film and carburetors, two products we never imagined would be obsolete so quickly. So economic crisis is not new here, but this current iteration will hit hard nonetheless. In the coffee shop where I type this, locals banter about the housing market.
“How many houses for sale on your street?”
“Just one, but ask me again in four days.”
“I’m gonna sell my boat. Dunno how much I can get for it, but I’ll take what I can get.”
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