Muppets v. Goldman

It’s been a rough couple of months for the Muppets. First Fox News anchor Eric Bolling denounces their new movie as dangerous left-wing propaganda because it portrays a villainous oil company executive.

Then Goldman Sachs executive Greg Smith quits his job and discloses in a scathing hatchet job of the firm’s culture that his fellow bailed-out bankers refer to their clients in a derogatory way as Muppets.

And what do they mean by that?

Hmmm. Maybe they think Muppets are puppets that are manipulated by their handlers. Maybe Goldman Sachs bankers imagine us to be lifeless sacks of cloth and yarn without spirit and voice, but we’re not.

And no self-respecting Muppet would put up with the shenanigans of Goldman Sachs (though I suppose their corporate owners, the Walt Disney Co., might).

The Muppets have always had a strong populist streak – they articulate sharp critiques of the Greed-is-Good Wall Street culture that Goldman appears proud to embody.

Check out the song “Money,” co-written by comedian Stan Freberg and Ruby Raskin. Performed by Dr. Teeth, it ridicules the rampant desire for more, more, more money at the expense of everything and everyone else.

At the end of the song, Dr. Teeth yanks a slot-machine handle on the side of his piano – which pays off.

If you have any doubt about whether the Muppets would side with the 1 percent or the 99 percent, check out their version of a “A Christmas Carol.”

In his farewell exposé—beyond his Muppet revelation— Smith merely confirms what we’ve already known: Goldman Sachs and the other powerful too-big-fail institutions believe they can get away with screwing their clients by protecting themselves with high-level political clout, bought with political contributions and cemented with interlocking relationships between the government and the firms.

As Robert Scheer points out, it was just a day before Smith unloaded on Goldman that a former top aide to Treasury Secretary Timothy Geithner, Jake Siewert, became the managing director and global head of Goldman’s corporate communications. Siewert is just the latest of a long line of public officials to cash in at the big banks.

How perfect that a high-level member of the Obama administration, which has chosen to align itself with the interests of the big banks time and time again, will now be the one to design Goldman’s defense against the bad publicity stemming from Smith’s oped.

Scheer, along with Matt Taibbi—another astute reporter/commentator on the financial collapse and its aftermath—are full of praise for Smith’s stepping out so publicly.

For myself, I wish that Smith had been willing to step up and connect Goldman’s policies to the financial collapse, not to mention the role Goldman has continued to play in rigging our political system to escape the consequences of its devastating greed and fraud.

That may be too much to ask of somebody on his first day out of the protective Goldman bubble. Make no mistake, it’s not just clients the firm has manipulated for its own gain.

Goldman and the other to-big-to-fail banks have turned us all into puppets, holding over our heads the specter of fear, and pulling the strings to secure a hefty back-door bailout for themselves.

As for the Muppets, I’m sure they’ll weather their current troubles with aplomb. Hopefully their creators are busy at work on a scheme for revenge.

I’ve never seen a Muppet either shut up or stand still while someone ties her hands behind her back. It’s the rest of us I’m worried about.

Break of Day

Last August, right-wing television host Glenn Beck made a bizarre attempt to hijack the spirit of Martin Luther King’s 1963 Freedom March with his own manipulative March on Washington.

Millions of Americans wrung their hands in despair as Beck and his colleagues from Fox News and the Tea Party stood on what was deemed sacred ground and dominated the political discourse, while our own leaders failed to respond to the worst economic downturn since the Great Depression or to hold Wall Street accountable for causing it.

Then last fall, the Occupy Wall Street movement arrived.

Although the media tried to ignore them and then proceeded to belittle them, Occupiers tapped into a deep-seated longing, capturing the public imagination with their 21st century take on King’s message: overcome despair, shame and division; organize and dare to imagine; and fight nonviolently for a better society for everyone.

We don’t need a séance to know that for Martin Luther King, the notion that our government would dare to characterize the economy as “in recovery” while black unemployment remains nearly twice the national average would be an outrage, not a footnote.

Unlike the Tea Party, Occupy has avoided electoral politics, preferring to focus, as King did, on empowering the powerless through direct action on the streets. And while some have criticized Occupy for not delivering a more focused message, the Occupiers have clearly picked up the spiritual aspect of King’s call to action, posing profound questions about the kind of society we have become and what kind of society we want to be.

Occupy’s debt to King's non-violence is direct: In Los Angeles, activists are integrating techniques developed in the antinuclear and anti-globalization movements with the techniques taught at free monthly classes with the Reverend James Lawson, one of the men who guided King and taught him about Mahatma Gandhi’s nonviolence strategy.

During the last year of King’s life, he expanded the focus of his actions and goals beyond African-American civil rights to building an all-encompassing movement to challenge U.S. militarism and poverty. His last appearance in Memphis was in support of a strike by sanitation workers, opening his arms wide to embrace the cause of what Occupy has forever branded “the 99 percent.”

Beck’s travesty in Washington hit rock bottom for those of us who have been observing and decrying a system that seems designed to benefit those whose values preclude equality and fairness. The assault on the middle class in our country has been brutal. There was—during those dark August days—no loud voice, outside the rarified world of blogs and op-ed pages, crying out in moral outrage.

In September, a small band set up camp in Zuccotti Square. Since that time, the Occupy Wall Street movement has ignited those cries, on the streets and from a growing number of pulpits nationwide.

These are the spirits that endure and the ties that bind.

For me and for many others, embracing the Occupy movement posed a challenge. As a long-time journalist, I’ve had to find a new kind of voice. Like so many friends and colleagues who had lost faith that we would ever be heard, I’ve had to overcome fear and cynicism, learn to act more boldly, engage more creatively.

The memory of the Reverend Martin Luther King reminds us that whatever our obstacles, we need to link arms and learn to put one foot in front of the other, keeping our eyes on the prize, a prize that belongs to all of us.

From Watchdog to Pussycat

Though President Obama and the Democrats promise a fierce financial watchdog, what they’re delivering looks like a pretty tame pussycat.

There’s a disconnect between the Democrats’ tough rhetoric about the need for financial reform and the legislation that’s actually making its way through Congress.