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The author of this post is an anonymous Washington insider
The Federal exchanges on Obamacare don’t work. They just don’t. I don’t mean they don’t serve the interests of keeping people healthy, I mean they literally can’t serve pages that allow people to sign up. This is directly due to faulty IT processes, which Naked Capitalism was all over months ago. Naked Capitalism also broke the story about Obamacare using credit reporting agencies to help determine eligibility instead of simply plugging into the IRS databases.
This isn’t the most important story broken by Naked Capitalism, but I like it because it’s a real world result of our predatory political system. The botched foreclosure reviews which Yves covered in excruciating detail are another. This site covers the details of the multi-trillion dollar transfer of power and money to the oligarchs. In many ways, this story is what we’d all like to forget about, and many have, choosing to learn about the wonders of Big Data and wearable computers and the idiocy of TED talks. But those of us who realize that we are interdependent know we can’t ignore the reality. Like it or not, this is the world in which we live, and if we are to survive and thrive, we must begin with the world as it is instead of the American exceptionalist empire we learned about in fifth grade.
As a policymaker in DC, I see first-hand the malevolence and self-delusion of our financial elites. And in case it’s not 100% clear, they are coming to steal everything you have. You won’t see this on MSNBC or Fox News. It’s not going to show up in the pages of the New York Times, which when not in hock to foreign billionaires is pushing foreign wars and smearing dissidents. The Saudi-funded Clintons aren’t interested in having you know, and neither is Stephanie Cutter, David Axelrod, or the corrupt Obama consulting class. But knowing matters. When the public learns the truth, what is possible among the elites changes. The elites don’t become any less rapacious, but they are constrained in what they can do.
That’s why Naked Capitalism is so dangerous to the oligarchs and the political class that serves them. It’s why there are innumerable swipes, smears, and denial of service attacks on this site and its authors. It’s why you are so dangerous. Because you refuse to just go along with the crowd and accept the masters of the universe as our natural rulers. That lack of passivity, that skepticism, that chattering prevents more theft. That is what stopped the US from bombing Syria, it is what prevented Larry Summers from sitting in Ben Bernanke’s place.
So please, give, or they will take.
Note one thing that MSNBC, Fox News, the Clintons, and the New York Times all have in common: none of them is funded directly by you. They all get their money indirectly, and they see you as the product they sell to powerful and wealthy interests. They think nothing of lying, it’s just part of their business models. Naked Capitalism has a business model as well, but it’s based on being funded by you and telling the truth to you. It’s an aligned set of incentives. That has worked because over the years you’ve given and given generously.
Yves is ridiculously valuable. She goes into the nitty gritty details of policy outcomes in a way that is essential to policymakers who want to do the right thing, and deadly for those who are trying to hide the theft. She shows integrity on a level that is deeply rare; unlike most of the financial dissident chattering class, for example, she didn’t jump for joy at the Strike Debt movement, she analyzed it with a cold eye for whether it was workable. And she followed up, and illustrated how pseudo-corruption can easily take root among those of whom you wouldn’t expect it. Whether it’s Bank of America or private equity barons or Strike Debt or the IT professionals at HHS, Yves and her crew of writers do their best to illustrate what is going on. She writes without mercy and without subterfuge. There is no other site like it. So join the rest of us in throwing in $50, or whatever you can afford. I guarantee it’ll save you far more than that. It would have helped Strike Debt if they hadn’t been too stupid to listen to her.
There are reasons for optimism these days, though admittedly not many. The policy world in which I live is beset with crises of our own making, but at the same time, lessons Yves has been writing about for years are starting to sink in. America isn’t attacking another Middle Eastern country, and the Federal Reserve and the Bob Rubin gang are being held accountable in some small way by democratic forces. This is good. It’s what we’ve been working towards for years, and finally, it’s bearing some fruit.
Let’s keep a good thing going.