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bigtree

(86,021 posts)
Tue Jun 2, 2015, 12:51 PM Jun 2015

'Did you hear what Martin O'Malley said?'



Lis Smith ?@Lis_Smith 19m19 minutes ago
Loving the front page of @businessinsider right now. BTW what he said is that Wall Street should NOT pick next POTUS

Martin O'Malley is happy to be 'the last person' Wall Street CEOs want running in 2016

O'Malley's populist ire wasn't limited to Goldman Sachs. In his announcement speech, he focused on income inequality, which he described as a situation wherein "Main Street struggles, while Wall Street soars."

He accused the "privileged and the powerful" of having been "the ones who turned our economy upside down in the first place" and lamented the fact "not a single Wall Street CEO was convicted to a crime related to the 2008 economic meltdown."

Though O'Malley is far behind Clinton in the polls, his comments have made waves on Wall Street. On Monday, Fox Business Network's Charlie Gasparino pointed to O'Malley's announcement speech and described him as "the last person" finance industry CEO's "want running in the Democratic Party."

"Did you hear what Martin O'Malley said the other day?" Gasparino asked his on-air colleagues. "He said it point blank, 'Do you want to elect the candidates that are supported by the CEO of Goldman Sachs? Well, that's Jeb Bush and Hillary Clinton.'"

"And I’m paraphrasing what he said, but he mentioned the CEO of Goldman Sachs. That's the last thing — Lloyd Blankfein doesn't want to be in the news anymore. He got the you-know-what kicked out of him back in 2009, 2010 following the financial crisis and Goldman Sachs was the poster child for all that's wrong on Wall Street ... They've been out of the news and they're back in it because Martin O'Malley and the liberals, the progressive left are going to make Wall Street a campaign theme."


O'Malley's campaign clearly didn't mind seeing him cast as Wall Street's worst 2016 nightmare.

His team sent out a press release on Monday highlighting the fact Gasparino called him "the last person Wall Street CEO's want running." It included a video of Gasparino's comments.

"This weekend, Governor O’Malley kicked off his presidential campaign and leaned heavily both into the need for more robust reform of Wall Street and for Democrats to nominate a candidate who is independent of the big banks," the statement said. "His position has apparently gotten notice."


Watch the clip of Gasparino's remarks:



read more: http://www.businessinsider.com/martin-omalley-is-happy-to-be-the-last-person-wall-street-ceos-want-running-in-2016-2015-6

Charles Gasparino ?@CGasparino 9m9 minutes ago
how @GovernorOMalley has made wall street fat cats a viable 2016 campaign issue v @HillaryClinton 1pm @TeamCavuto @FoxBusiness
23 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
'Did you hear what Martin O'Malley said?' (Original Post) bigtree Jun 2015 OP
K & R. n/t FSogol Jun 2015 #1
Dang, dude tells it like it is. Jester Messiah Jun 2015 #2
His "zero tolerance" crime policy led to the arrest of 1 out of 6 residents in 2005. pnwmom Jun 2015 #3
that has nothing to do with this issue bigtree Jun 2015 #4
It puts his words into the context of his actual history, and that has a strong bearing pnwmom Jun 2015 #6
nothing to do with economics or Wall Street and you know it bigtree Jun 2015 #9
I have never seen a positive thread about Hillary where other people don't contribute pnwmom Jun 2015 #11
there's no rule, that's correct bigtree Jun 2015 #14
The other thread was directly about this issue. I don't know what other times you're referring to. pnwmom Jun 2015 #15
please stop interrupting the worship service lol nt msongs Jun 2015 #16
well, try and get a grip on the fact that you're responding in a thread of mine bigtree Jun 2015 #17
No, your "1 out of 6" statement is false. Jim Lane Jun 2015 #18
Here's some better info on his record in Baltimore: FSogol Jun 2015 #19
are you ignoring responses 18 & 19? snooper2 Jun 2015 #21
Shocking as it may seem, I think Bernie Sanders "went there" a few weeks ago? libdem4life Jun 2015 #5
But the more the merrier BrotherIvan Jun 2015 #7
I definitely agree. It was just the suggestion that O'Malley opened the flood gates. Actually, I libdem4life Jun 2015 #8
What I learned about him Oilwellian Jun 2015 #20
Well, that's pretty straight forward. Change does not come easily...but it will come. libdem4life Jun 2015 #23
oh, Bernie's definitely been ON IT since the beginning bigtree Jun 2015 #10
And impressive that O'Malley came out that specific, that fast, and that clear. libdem4life Jun 2015 #12
Vesting the Little People in Wall Street Just Enough daredtowork Jun 2015 #13
Zero Tolerance for Wall Street Criminals Koinos Jun 2015 #22

pnwmom

(109,025 posts)
3. His "zero tolerance" crime policy led to the arrest of 1 out of 6 residents in 2005.
Tue Jun 2, 2015, 01:04 PM
Jun 2015

Many of those people spent a day in jail and were released without charges; many others were arrested on simple marijuana possession.

He was a big fan of Rudolph Guiliani's "broken window" policing.

No thanks.

http://www.rollingstone.com/politics/news/why-baltimore-blew-up-20150526?page=3

Most Americans have never experienced this kind of policing. They haven't had to stare down the barrel of a service revolver drawn for no reason at a routine stop. They haven't had their wife and kids put on an ice-cold sidewalk curb while cops ran their license plate. They haven't ever been told to get the fuck back in their car right now, been accused of having too prominent a "bulge," had their dog shot and their kids handcuffed near its body during a wrong-door raid, watched their seven-year-old dragged to jail for sitting on a dirt bike, or dealt with any of a thousand other positively crazy things nonwhite America has come to expect from an interaction with law enforcement. "It's everywhere," says Christen Brown, who as a 24-year-old city parks employee was allegedly roughed up and arrested just for filming police in a parking lot. "You can be somewhere minding your business and they will find their best way to fuck with you, point blank. It's blatant disrespect."

This system, now standard in almost all of urban America, is Mayberry on one side and trending Moscow or 1980s South Africa on the other. Why? Because America loves to lie to itself about race. It's able to do so for many reasons, including the little-discussed fact that most white people have literally no social interactions with black people, so they don't hear about this every day.

SNIP

Though academics were already claiming that stop-and-frisk tactics didn't work, those critiques didn't yet enjoy the consensus they do now. In fact, stop-and-frisk wasn't just still hot at the time, it was intellectual chic. In 2000, America's leading fast-food philosopher, Malcolm Gladwell, helped launch his career on the back of a half-baked analysis of Broken Windows in a book called The Tipping Point.

So when O'Malley started his version of Broken Windows, he had a mandate, and it's not surprising that Baltimore's program was wildly aggressive. At its peak, in 2005, an incredible 108,000 of the city's 600,000 residents were arrested. Later on, critics like The Wire creator David Simon, would describe O'Malley's police department as obsessed by statistics, determined to produce crime-reduction rates that were "unsustainable without manipulation." The emphasis on stats, Simon said, "destroyed police work," forcing cops into the roles not of investigators and protectors, but of strong-armers bent on producing numbers above all else. Zero tolerance also forced cops to behave in ways that were virtually guaranteed to piss people off on a mass scale.



SNIP

bigtree

(86,021 posts)
4. that has nothing to do with this issue
Tue Jun 2, 2015, 01:07 PM
Jun 2015

...and it shows just how much you care about this issue to try and spam that into another disassociated thread.

pnwmom

(109,025 posts)
6. It puts his words into the context of his actual history, and that has a strong bearing
Tue Jun 2, 2015, 01:09 PM
Jun 2015

on his qualifications to be President.

Which, in the end, is what this is all about.

Why is it fair to bring up other issues in threads about Clinton but not about O'Malley?

bigtree

(86,021 posts)
9. nothing to do with economics or Wall Street and you know it
Tue Jun 2, 2015, 01:20 PM
Jun 2015

...you can't wrap everything up in that single issue you've been spamming.

Trying to hijack this thread with that issue is as absurd as it is deliberately disruptive. You don't even bother to address the subject of the thread. That shows just how little you care about the issues raised. It's baiting, pure and simple.

pnwmom

(109,025 posts)
11. I have never seen a positive thread about Hillary where other people don't contribute
Tue Jun 2, 2015, 01:23 PM
Jun 2015

to the discussion by bringing up unrelated issues concerning her fitness to be President.

There is no rule about that on DU.

bigtree

(86,021 posts)
14. there's no rule, that's correct
Tue Jun 2, 2015, 01:36 PM
Jun 2015

...but I've never come onto a thread about Hillary trolling about some unrelated issue. I've actually made a few attempts to promote her efforts when I agree with them. I don't think it's too much to expect the same consideration.

If you want to discuss policing, then start a thread on it or participate in other threads on the subject. That makes more sense than spamming and disrupting every thread I post about O'Malley with this single, unrelated issue. I promise I'll join in the discussion there and provide whatever opinion or defense I'm inclined to. I have, already, on several occasions; most recently in another thread where I responded TO YOU fully and as completely as I could. You may well have disagreed with my opinion, but you can't argue you didn't have your say or receive a response from me. I really don't understand this type of hijacking, except to view it as disruptive and basically unfair to the discussion of the issues raised in the post.

pnwmom

(109,025 posts)
15. The other thread was directly about this issue. I don't know what other times you're referring to.
Tue Jun 2, 2015, 01:49 PM
Jun 2015

Maybe you're confusing me with someone else.

bigtree

(86,021 posts)
17. well, try and get a grip on the fact that you're responding in a thread of mine
Tue Jun 2, 2015, 02:11 PM
Jun 2015

...with an issue that we already discussed in full (on a thread about an article written with 'Herald' Ford about the 2008 election).

This has absolutely zero bearing on economics or the corruptive influence of Wall Street on our politics or legislation. The only thing you're accomplishing here is rattling someone who is more than willing to engage in a discussion with you on this issue - someone who already has, as comprehensively as I was able. I'm not a politician, an official, or a pundit. I'm just a low-wage night grocery worker trying to participate in this election by offering up details I can gather together about records, issues, as well as my own perspective on it all. It's both cathartic and a sobering and often frustrating encounter with so many motivations and interests other than my own.

We're not going to resolve this issue of yours between us, but I think we've certainly heard each other out. That's as much as I think we should expect from a discussion board. Let me know if I miss your individual post about O'Malley's policing. I hope I can provide a constructive response. We'll likely not agree, but I do read and understand what you've posted, so far.

Looks like you've succeeded in diverting this thread to your issue, though, so, congrats.

 

Jim Lane

(11,175 posts)
18. No, your "1 out of 6" statement is false.
Tue Jun 2, 2015, 02:21 PM
Jun 2015

I realize it's what your source said, but Rolling Stone botched the statistics. (Note the innumeracy of the American public and the mass media.) The actual statistic is that, in 2005, the one year the critics choose to focus on, "there were more than 100,000 arrests in a city of 640,000." You can read that to mean that "an incredible 108,000 of the city's 600,000 residents were arrested" only if you assume that each arrest was of a new suspect. That's a ludicrous assumption. I'm sure that in Baltimore, as in every large city, there's a comparatively small number of people who (rightly or wrongly, often rightly) get arrested many times. So, no, it is not the case that his policies "led to the arrest of 1 out of 6 residents".

O'Malley's explanation of his policies is that he came to office at a time when Baltimore had a serious crime problem, affecting people of color as well as whites. Per the linked article, O'Malley gave

a speech to Al Sharpton's National Action Network, in which he said that "there are a thousand fewer black men in Baltimore today who died violent deaths over the last 15 years who otherwise would have died" without the policing reforms he'd championed. He recalled how after his 1999 mayoral win, he'd told police that their best allies on the blocks they covered were "the good people that live on that block." He called for body cameras on police officers.


If you want a legitimate criticism of O'Malley: He definitely believes in data-driven policy decisions, which by itself is admirable (ask the Iraqis about the alternative), but he can be accused of carrying it too far. In the area of criminal justice, he introduced CompStat, to get a better idea of what the police were doing and what policies were effective. He probably underestimated the extent to which, in response, the police would game the system to make themselves look better. I'm more familiar with New York City, where there's been extensive reporting about how the police responded by making numerous arrests that resulted in no further action, as well as by distorting the reports to downplay serious crime. I'm sure the arrest statistic that Rolling Stone garbled was caused in part by such police malfeasance.

FSogol

(45,595 posts)
19. Here's some better info on his record in Baltimore:
Tue Jun 2, 2015, 02:22 PM
Jun 2015
Turned Baltimore City Around

Made Baltimore City A Safer Place
O’Malley was elected on a mandate to make Baltimore safer. Under his leadership, Baltimore achieved the steepest reduction in crime of any major city, while bringing homicides below 300 per year for the first time in a decade. O’Malley also expanded services drug treatment, doubling funding and leading the way to a 30% drop in the number of overdose deaths.

Policed the Police
O’Malley’s administration took strong steps to police the police – increasing minority hiring, improving accountability, and fully staffing a civilian review board. Under his leadership, the city reduced police shootings to their lowest level in a decade.

Revitalized Baltimore’s Economy
As crime dropped under O’Malley’s leadership, commercial investment and housing values doubled. O’Malley also improved Baltimore’s schools, taking steps that increased graduation rates by 25% and made impressive gains in student test scores. Under O’Malley, Baltimore’s decades long population slide finally ended.

Restored Fiscal Management
O’Malley brought the city’s budget under control, producing the first surplus in decades, while cutting property taxes to their lowest levels in 30 years. These efforts in “very strong fiscal management” earned Baltimore a bond upgrade from negative to positive.

BrotherIvan

(9,126 posts)
7. But the more the merrier
Tue Jun 2, 2015, 01:11 PM
Jun 2015

People need to hear this message and every Democrat should be saying it. And mean it, LOL. Good on him.

 

libdem4life

(13,877 posts)
8. I definitely agree. It was just the suggestion that O'Malley opened the flood gates. Actually, I
Tue Jun 2, 2015, 01:15 PM
Jun 2015

want to learn more about him.

Oilwellian

(12,647 posts)
20. What I learned about him
Tue Jun 2, 2015, 02:42 PM
Jun 2015

He's a Clinton protege and a long time member of the DLC. I think this is just Wall Street covering their bases and O'Malley is their stealth minion...just in case Hillary loses again.

bigtree

(86,021 posts)
10. oh, Bernie's definitely been ON IT since the beginning
Tue Jun 2, 2015, 01:23 PM
Jun 2015

...I like the fact that it's catching more attention and getting under the corporate skin.

daredtowork

(3,732 posts)
13. Vesting the Little People in Wall Street Just Enough
Tue Jun 2, 2015, 01:30 PM
Jun 2015

The major sleazy trick that has been picked up by everyone from Wall Street CEOs to referral business models is if you give the little people just *enough* of a stake that he is makin *any money at all*, they will lay their lives - and their grandchildren's lives - on the line to protect polices that ENRICH the the fatcats of Wall Street! They will go to the mattresses for a corporate CEO's tax-free billions if it will protect their 50 cent/month commission. Sadly, the honest fact is that certain economic levels that 50 cents actually makes a difference.

Politicians need to do a better way of educating people about this sort of scheme and letting people know how the alternatives will pay off SPECIFICALLY for them if they shut the sucker's game down. Too often people are asked to help shut down the con game, but then they are left with nothing, and the politician's cronies all get promotions for making it happen.

Koinos

(2,792 posts)
22. Zero Tolerance for Wall Street Criminals
Tue Jun 2, 2015, 03:11 PM
Jun 2015

What I applaud here is O'Malley's "zero tolerance" for Wall Street criminals.

Wall Street is afraid of this guy. He is not afraid of them. From the link:

Overall, Morris said O'Malley would confront Wall Street with "a mix of structural and accountability reforms." She pointed to a column O'Malley wrote for the Des Moines Register in March in which he outlined some of the specific policies he would support.

These included "reinstating the 1933 Glass-Steagall Act" so that banks would be "broken up into more manageable institutions," picking appointees for agencies in a position to regulate the financial industry "who will prosecute those who commit or permit crimes," barring banks from deducting government fines from their taxes, and establishing a "three strikes and you're out" policy that would "revoke a bank’s right to operate if they repeatedly break the law."


To repeat: O'Malley calls for a "three strikes and you're out" policy that would "revoke a bank’s right to operate if they repeatedly break the law."

Where would that leave Goldman Sachs?

http://www.businessinsider.com/martin-omalley-is-happy-to-be-the-last-person-wall-street-ceos-want-running-in-2016-2015-6
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