Obama Goes to the Bank

I had the foolish hope that when Rahm Emmanuel and Larry Summers announced they were exiting the Obama administration, that the tenor might change and Obama might hire some outsiders who would be willing to say “Wow.  This is really fucked up.  Banks are running this place and you’re losing the goodwill of the American people by being their butt-boy.”

Of course, Obama is a weak man who lacks confidence in actually changing the system.  So who is his new chief of staff?  William Daley, whose current job is a bank executive at JP Morgan Chase.  So why does Daley get the job?  Because he’s seen as a guy who can get Obama a second term.  Good luck with that.

And who is Obama’s new head of the White House Economic Council?  Gene Sperling, who previously worked as a consultant for Goldman Sachs.  But hey, he held this post during the Clinton years, and as we all know, it’s 1996.

It’s clear that Obama’s real agenda isn’t changing the way Washington works.  He’s hiring Clinton guys (also in the mix is Jacob Lew, who was the old director of the OMB and now is the new director of the OMB) who jerk off to the same idiotic philosophy that the free market is always right except when it’s wrong and then government has a responsibility to save it.  Did Clinton preside over an era of economic growth?  Kind of.  It was a bubble economy spurred by equity scams followed by the dot-com scams.  It was artificial growth and Clinton let Glass-Steagal, a law that prevented too-big-to-fail banks from existing, be repealed.  And all of these “new” councilors Obama has are the same kind of morally-corrupt nitwits who will ask the banks to pretty-please let the nation kind of survive.

Saturday, January 8th, 2011 politics, stupid

No comments yet.

Leave a comment

You must be logged in to post a comment.

 

Categories

Archives