Paul Wellstone: Liberal Cassandra
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Uploaded by stoness1979 on Jun 28, 2011
In the wake of the Economic Crisis of 2008, a video surfaced of Senator Byron Dorgan lamenting the likely results of the passage of Gramm-Leach-Bliley (the FSMA of 1999). It was hailed by many as a prophetic vision, even featuring on the Young Turks and other popular Youtube pages...
While Senator Dorgan's comments from the Senate floor back on November 4, 1999 were striking - I found a similarly eerie speech given by the late Senator Paul Wellstone of Minnesota during that same debate. It was over 30 minutes long (Wellstone was known to be quite the 'talker'), so I edited it down for "internet consumption" as much as I could, hoping to stay true to the sadly prophetic words Senator Wellstone spoke over 10 years ago.
I post this hoping to counter the false narrative that has emerged that "nobody saw this coming" - to offer a counterweight to the now-growing chorus from Republican Presidential candidates, clamoring for more 'deregulation.' Know your history, folks. Senator Wellstone knew his... sadly, the Senate didn't listen.
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