Forced to the Left: Ted Kaufman on The Volcker Rule and #OccupyWallStreet

The worst part about the whole Right Wing shift to the batshit-crazy, bible-and-guns, black-guy-who-sounds-like-the-Grand-Wizard Far-Right is how far they’ve dragged the needle. The middle – the hated liberals – are now in Reagan country, and Nixon is the socialist who created the EPA. Someone like Eisenhower is now so far to the left his policies would be laughed out of the Democratic caucus along with Dennis Kucinich.

Which brings us to the Volcker Rule. It’s too reasonable, which is why I don’t think it will become law again. But Ted Kaufman still hopes for reason:

The Occupy Wall Street demonstrators are being characterized as to the left on the political spectrum. But there is nothing left-wing about wanting what was for many years seen as a very conservative approach to bank size and risk. I have no doubt that Glass Steagall or something very much like it will eventually once again become the law of the land. The only question is how much agony all Americans have to endure before it happens.

read the rest here: Ted Kaufman: The Volcker Rule and Occupy Wall Street.