Wednesday, November 26, 2014

The Daily Flashback: '08 Primary Edition

Ditto, Mr. Edsall | The Confluence:

...Well, it’s about time that the pundit class openly admits what those of us on this blog have suspected since the day after Super Tuesday 2008. The party was highjacked during the 2008 primary campaign. That’s why the nature of discourse on Daily Kos changed almost overnight. Almost immediately it felt like the guys from Enron took the place over. And the super delegates started falling like dominos with the rush of money into party coffers. We know retrospectively from Michael Lewis’s book, The Big Short, that there were plenty of people who knew the collapse was coming and wanted to set themselves up before the fall. You didn’t have to be a rocket scientist to know that the bubble was going to burst with very grave consequences for the economy. The traders and bankers put their money on the enabler...

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