25 January 2011

Dissatisfaction with President Obama

Excerpts from a column by Michael Brenner at HuffPo:
Wall Street's takeover of the Obama administration is now complete. The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC's Investment Management division...

Mr. Obama last week obediently recited the Chamber of Commerce's liturgy about governmental regulation being the cause of what ails the American economy in the pages of the Wall Street Journal. This public oath of allegiance signaled his now admitted complicity with those who supposedly had been his opponents...

He chose this path. It conforms to his behavior from the very start of his presidency. It was a newly-elected Obama who hand-picked Geithner and Summers. Who installed as his right-hand man Rahm Emanuel from the board of scandal-ridden Freddie Mac and deal-maker at Dresdner Kleinwort. Who declared at a press conference on the eve of his inauguration that he would not seek to repeal the Bush tax cuts but rather let them drain Treasury revenues until they expired, which of course he has conspired to prevent. Who met clandestinely with Big Pharma to cut a secret deal that ruled out the government's bargaining on drug prices. Who met clandestinely with health industry giants to cut a secret deal that ruled out the public option...

In short, all the evidence is that an old-school "moderate" Republican occupies the White House...


  1. "Our one remaining hope is that the chaotic disintegration of the American political system goes even further. That out of this maelstrom emerges someone with the fire and honest conviction to shed a sharp light on our national predicament; to generate a sense of outrage."

    Ron Paul wasn't convincing enough for Michael Brenner, apparently.

  2. Obama is not and was not a socialist. He is a fascist, as Bush was before him.

    Before you cite Godwin's law and dismiss me, mentally disaggregate fascism from the Holocaust, and please look up the economic, social, and foreign policy of fascism.

    If you still don't buy it, look up mercantilism. Then go to YouTube and look up crony capitalism. The three are remarkably similar.

    - 032125


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