When I first heard of the arrest of Illinois Governor Rod Blagojevich, my only context for this information was the proposed boycott of Bank of America that Blagojevich promoted. In the days before his arrest, the Governor had made headlines for supporting former employees of Republic Windows and Doors.
Bank of America was refusing to fund the factory through January in order to allow the factory to give its employees adequate notice of closure and to pay final wages and severance packages. Former employees were in the midst of a 9 day sit-in, and Blagojevich had publicly stated: “We, the state of Illinois, will suspend doing any business with the Bank of America.”
The Chicago Sun-Times reported that the Governor, “flanked by union leaders, more than a dozen aldermen demanded that City Hall divest itself of funds deposited by Bank of America—and stop approving zoning changes sought by the bank and its subsidiaries.”
I had seen clips of the protesting factory workers, and enjoyed their solidarity. I looked forward to seeing more of the protesting laborers, and the threat they posed to the status quo. B of A’s refusal to renegotiate Republic Windows and Doors debt in a way that allowed the factory to honor its obligations to hard-working employees right before Christmas seemed to exemplify the consequences of this global economic crisis and the immorality and culpability of the financial sector.
Perhaps, I thought, the people will fill the streets, and alliances between labor and sympathetic executives like Blagojevich will allow for a public confrontation of a system that demands that the blue collar people who are losing their homes and jobs have to bankroll a “bailout” of the banks that are foreclosing on their homes and shuttering their factories.
Instead, the day after Blagojevich called for a Boycott of Bank of America and threatened to oppose the bank’s zoning requests, the Governor was arrested for attempting to sell Barack Obama’s Senate seat. Stories about the factory workers fighting for their wages were relegated to the dust-bin, and Blagojevich’s “crime spree” became the hot news item. His dirty mouth, flamboyant hair, and careless arrogance inspired ire from everyone from Neil Cavuto to Rachel Maddow. Many lefties, myself included, were distracted by the possibility that Blagojevich’s graft might taint our beloved President-Elect.
Over the course of the month that has passed, Blagojevich’s antics cheapened his support of the former factory employees. Blagojevich’s efforts to name Obama’s Senatorial replacement seem alternatively tone-deaf, ego maniacal, and embarrassing. Democrats in the Senate have refused to welcome Roland Burris, not because they find Burris an unacceptable replacement for Obama (although his pursuit of the death penalty against an obviously railroaded and innocent man shoud disqualify him), but to garner public approval. The noise created by this prolonged scandal drowns out lingering questions over Bank of America’s unethical behavior, and the potential fate of Americans working for companies that are devastated by falling demand and lack of credit.
After hearing news-goddess (and moral barometer) Rachel Maddow repeatedly condemn Blagojevich, I doubted my original response to his arrest. Now that the dust has settled, I again question the timing and legitimacy of Blagovich’s arrest, and the marked similarity of the Blago debacle to Eliot Spitzer’s fall from grace last year:
1.) Both men were taking on huge financial institutions and exposing the graft necessary to keep them afloat.(Before Spitzer was Ashly Dupre’s trick, he was known as a crusader who took on AIG, investigated Wall Street, and demanded better regulation of the financial sector.)
2.) Both men appear to be completely guilty, yet while the crimes they committed are personally and politically devastating, they are ridiculous small-potatoes compared to the crimes committed by the billionaire grifters that they confronted and sought to expose.
3.) Both men were effectively neutralized due to the embarrassing nature of their crimes, while the perpetrators of large-scale economic crimes against all American citizens go unpunished.
Spitzer and Blagojevich are both deeply flawed public figures, but the scandals surrounding each of them do not distinguish them from their peers. Hubris, greed, and lust are native denizens of the waters in which both men swim. What made them different, and perhaps intolerable, was the threat they posed to the corrupt and precarious financial systems that were further enriching the Wall Street elite. Sure, they were guilty of dirty, shameful, things and that made their respective political assassinations that much easier.