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Obama's Big Sellout
The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway
What's taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside. www.rollingstone.com...
Originally posted by endisnighe
Hope and Change may be our HOPE.
Showing that both parties are the same-controlled by the elitists and the Mega Corporation-has actually helped shift the voters knowledge.
What's most troubling is that we don't know if Obama has changed, or if the influence of Wall Street is simply a fundamental and ineradicable element of our electoral system. What we do know is that Barack Obama pulled a bait-and-switch on us. If it were any other politician, we wouldn't be surprised. Maybe it's our fault, for thinking he was different.
Originally posted by Stinkhorn1
reply to post by ProtoplasmicTraveler
Fair and balanced? You have to be kidding me, it's one of the most left leaning liberal rags out there, they are further left than the NY times.
Instead of reining in Wall Street, Obama has allowed himself to be seduced by it...
Originally posted by AllexxisF1
Geitner and company need to be kicked out on their sorry asses.