Another great article by Talibi

Discussion in 'Economics' started by ralph00, Dec 11, 2009.


    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.
  2. pspr


    It's much easier just to say Obama is pulling a "Tiger Woods" on America.
  3. jem


    Yes - many of us have been telling the crazy true believer liberals this for a year.

    They need to understand that he has let wall street compromise our future.
    Wall street got so greedy he should be forcing glass stegall down their throats.
    At a bare minimum.

    Then if they over leverage and blow up - our banking system could still survive.

    Oddly I am thinking Obama made a reasoned and perhaps good choice on the war. it took guts for him. So I am a less negative about him.

    I just wish his legacy was to clean up wall street. That would be a change for our future.
  4. spinn


    If I had read this in the morning I would be crying in my cheerios....amazing.

    Im curious though, what is Rolling stones general affiliation, liberal or conservative?