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Is America Finally Starting to Stand Up To Wall Street?
Are the American people finally starting to stand up to Wall Street?
Shareholder Revolt
Some of Goldman Sach's biggest shareholders are demanding that executive compensation be reduced. As the Wall Street Journal notes:
Their
complaints in private conversations with the company and at analyst
meetings show how anger over its big-money culture is spilling into the
ranks of investors who typically shy away from debates over Wall Street
pay.
Protests
There were the protests outside of the Bankers Association meeting in Chicago. See this, this, this, this, this and this.
If you don't think that more - bigger - protests are coming, you haven't been paying attention.
Debtor's Revolt
Debtors
are revolting against exorbitant interest rates and fees and other
aggressive tactics by the too big to fail banks. See this, this, and this.
Congresswoman Kaptur advises
her constituents facing foreclosure to demand that the original
mortgage papers be produced. She says that - if the bank can't produce
the mortgage papers - then the homeowner can stay in the house.
Portfolio manager and investment advisor Marshall Auerback argues that a debtor's revolt would be a good thing.
And even popular personal finance advisor Suze Orman is highlighting the debtors revolt phenomenon on her national tv show.
Congress Is Starting to Get the Message
The
American people are shouting so loud at their congress members and
Senators, that even some of the most pro-Wall Street congressman are
starting to get it.
For example, the Congressional Black Caucus has been hearing so much about how congress is failing to address the crisis of unemployment from their constituents, that the CBC delayed Barney Frank's proposed financial reform.
The
House Financial Services Committee received so many phone calls from
constituents that it approved the Ron Paul/Alan Grayson bill to audit
the Fed and defeated the trojan horse alternate bill written by Mel
Watt. Indeed, I have heard from congressional sources that the only
calls to support the Watt alternate bill were from the Fed itself. And
see this.
The Committee also approved Congressman Grayson's bill to rein in foreign currency swaps.
Both Geithner and Summers are coming under increasing pressure to resign due to their being in bed with Wall Street.
Even Bernanke's re-appointment is no longer certain.
And Obama's approval ratings have now dipped below 50%, largely due to his mishandling of the economic crisis.
As Congressman Peter DeFazio notes:
There were a lot of Democrats who were "upset and nervous with" the handling of the economy by the administration.
"It
is pretty embarrassing for a Democratic administration and a Democratic
Congress to be identified with total attention to Wall Street and
nothing for Main Street and jobs," he said. "There are a lot of
Democrats who... want to see something more effective done to create
employment."
DeFazio insisted that President Obama and, by
extension, the Democratic Party were hampered by Geithner's policies
for economic recovery. He pointed to the inability of the
administration to spur small business lending and the lack of effective
TARP oversight as particularly egregious examples of mismanagement.
More than anything else, the Oregon Democrat deemed it untenable for
the president to continue employing his current economic team given the
taint of Wall Street that clings to many of those advisers.
"I
have had a number of people say to me, 'I feel the same way you do but
I'm not going to say it.' People are worried it will rub off on the
president who still enjoys popularity," he said. "I tell them I still
support the president. I just think he is being poorly served by his
economic team."
"The truth of the matter," DeFazio added, "is
that we have not changed the way the money is being used. It is not
being used for the purpose it was supposed to be used for. We are not
creating jobs and we have not aggressively taken on the culture of Wall
Street"...
One of his chief concerns was that the president
appeared enamored with the lords of finance. "The administration has,
thus far, not threaded the needle here," he said. "They have taken care
of Wall Street but not the rest of the country."
Are the American people are finally starting to awaken?
We've been down this road before
Shown worse devils to the door
Throw off our chains of slavery
Now is the time to set ourselves free
And reclaim our liberty ...
They bought the politicians and the news
They've got all the weapons (which they like to use)
But they are few and we're billions strong
We are the giant ... been sleeping for too long
Time to wake up and sing our victory song
- The Voice
The
elites hate to acknowledge it, but when large numbers of ordinary
people are moved to action, it changes the narrow political world where
the elites call the shots. Inside accounts reveal the extent to which
Johnson and Nixon’s conduct of the Vietnam War was constrained by the
huge anti-war movement. It was the civil rights movement, not
compelling arguments, that convinced members of Congress to end legal
racial discrimination.
- PhD Economist Dean Baker
Anger is a great force. If you control it, it can be transmuted into a power which can move the whole world.
- Sivananda
The power of an aroused public is unbeatable.
- Dr. Helen Caldicott
The most powerful weapon on earth is the human soul on fire.
-Ferdinand Foch
In
times of danger large groups rise to the highest pitch of enthusiasm,
courage and sacrifice . . . Mankind will be refashioned and history
rewritten when this law is understood and obeyed.
-Helen Keller
You
let one ant stand up to us - then they all might stand up. Those puny
little ants outnumber us a 100 to one. And if they ever figure that
out, there goes our way of life.
- Hopper (a grasshopper who is the
leader of the gang of thugs who are stealing from the other bugs,
speaking to fellow grasshoppers in the Disney/Pixar movie A Bug's Life)
»
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GW,
There has certainly been a sense in the last couple of days that perhaps the slumbering giant is awakening. I certainly hope so. But I also keep in mind that most citizens have a short memory, an even shorter attention span, and are easily distracted. I expect lots of distractions to start coming our way.
Let's hope that this time is different. Because while the floorboards are rotting, the drywall is crumbling, and the roof is leaking in places, the bones of the old house are still good. But if repairs aren't done soon, I'm not sure that will be the case in a few years.
Respected economists are joining and it goes beyond the US,
From Liberal Krugman, "Government officials, perhaps influenced by spending too much time with bankers, forgot that if you want to govern effectively you have retain the trust of the people. And by treating the financial industry — which got us into this mess in the first place — with kid gloves, they have squandered that trust."
http://www.nytimes.com/2009/11/20/opinion/20krugman.html?_r=1&sq=%22The%...
To conservative Wolf, FT, "Over the past half century, UK bank capital has remained at between 3 per cent and 5 per cent of assets, these assets have risen tenfold, relative to GDP, and returns on equity have averaged 20 per cent. Such high returns, in an established industry, must mean either high barriers to entry or excessive risk-taking. The former are undesirable and the latter terrifying, particularly in view of the huge rise in the state’s exposure to the risks."
http://www.ft.com/cms/s/0/f9d3132c-d55b-11de-81ee-00144feabdc0.html
Buiter, FT, proposing auditing the ECB,
"A comprehensive independent audit of the Fed’s use of what is, in the final analysis, public money and therefore tax payers’ money is long overdue. This is a major victory for democracy and the public’s right to know what those to whom certain public functions have been delegated and entrusted have been doing with the taxpayers’ money.
What’s good for the Fed and for American democracy is equally important for the European Central Bank and European democracy or for the Bank of England and British democracy. It is time for a detailed and comprehensive independent audit of the ECB’s financial transactions since the beginning of the crisis. This should include a close examination of the precise terms and conditions, including valuations of illiquid collateral, on which liquidity support, including enhanced (credit) liquidity support has been made available to the Euro Area banks by the NCBs of the Eurosystem."
http://blogs.ft.com/maverecon/2009/11/auditing-the-central-bank-a-jolly-...
great post heatbarrier
How to Stop the Elite Conspiracy From Building a New World Order By Starving the Beast
http://inpoints.blogspot.com/2009/11/how-to-stop-elite-conspiracy-from.html
GW,
Thank you for highlighting multiple occasions where We The People are beginning to find our voice. I find infuriating these constant calls by "polite" society to maintain decorum and calm, that raised voices will not be heard, that an ugly mob can't be controlled, that violence is not effective.
These are all techniques used by the elite to control the sheep. Let's all do the numbers and recognize that the elite 1% are supported by the 20% in positions of power, such as police, military and government. But all of them are outnumbered and ultimately supported by the 79% who are left.
It's time I started hearing the term "animal spirits" not to describe greed and lust in the financial markets but of citizens driven to action and demanding justice and equality. Of course the 21% will call for calm and order, for only under those conditions can they divide and conquer, instilling uncertainty and doubt in the minds of those who remain frozen in fear.
I'm sick and tired of constantly hearing how all those poor multinational companies can't possibly survive in the big bad world without governmental policy, tax and legal incentives to continue to do what their sole purpose to exist is, to sell their products and services. We have been brainwashed into believing that we must encourage and sacrifice for the very companies who act as soulless mindless single purpose entities and see us as replaceable assets and expendable commodities.
Let's see if I have this correctly. Corporations are considered beings on equal par with myself when it comes to equal protection under the law yet they posses endless life, they can grow to enormous size enabling them to wield great wealth and power and petition their representatives in ways I will never be able to match. And I'm supposed to pity them just because they are generous enough to offer me employment at artificially low wages and benefits derived from government ignored illegal immirgration or government approved special visas offered to non citizens who will work for lower wages. Did I get that right?
What's that they say about sitting down at a poker table and suddenly realizing after five minutes of fruitless searching for the patsy that you might be the patsy?
My complaint is just as valid towards the 5% who control 92% of this nations wealth. These are people who have proven themselves particularly adept at making money, often by employing amoral practices towards people, places and things. They are certainly not self constrained in the way most of us are and that is fine. But are we supposed to help them with tax incentives, laws and other government assistance? They won't attempt to make money without these incentives? Do I look like a total idiot? I guess I do because they treat me like one when they tell me this shit.
That has got to be the biggest load of crap ever spoon fed to the American people in the past 300 years. These people should have road blocks placed in front of them, not encouraged to continue their rape, plunder and theft. Yes I understand that I use a broad brush in making this statement and it doesn't apply to all. But please don't insult my intelligence by explaining to me how I must help my abuser continue to abuse me.
Rise up people and find your voice. I promise you it's there, long unused but perfectly serviceable and instantly deployable at a moments notice. Talk to your neighbors and friends. Regardless of their political bent they are just as outraged as you are and rather than harp on your differences, recognize your commonality.
I leave you with one thought. The Roman elite were constantly frightened of the prospect of a slave revolt. By the age of Caesar, there were 3 slaves for each Roman citizen in the city of Rome. Worse, since Roman citizens were by then of mixed race, most slaves were indistinguishable from citizens. At one point the Senate proposed passing a law that would mark each slave so as to be recognizable and distinguishable from a citizen during a time of revolt.
But cooler heads prevailed for after some consideration the Senators realised that if the slaves were so marked, they might suddenly realize the magnitude of their superior numbers and quickly seize the upper hand. I ask you to look around for everywhere you gaze there are fellow slaves, far outnumbering the masters. Once that understanding settles in your mind, the next step is obvious.
Thanks GW and CD - I think its especially important that our complaints not be framed in partisan manner but focused on removing the parasites that are feeding off of us, the hosts. Both your posts show a cross-partisan rejection or our rip-off, best eptiomized by the politics of the guys sponsoring this amednment, Paul and Grayson. This is the only way we can be successful in getting our representatives acting for and in the best interest of regular working people and the common wealth, not for elites.
People thinking that just getting rid of Republican admin would fix things can see that Obam admin and Dem congress have been similarly bad on banks/Fed. Also we can see, Wall Street running amok was kick-started when Clinton admin and Repub congress repealed the Glass Steagal bank protections. People thinking just getting rid of Dems will fix things, can look at the record of 2000-2006 when Repubs controlled Pres admin and congress, and see Wall Street got whatever they asked for,such as exception to rules all the regular banks and business had to follow, special protection, bribed SEC cops that went after $2000 in insider trading by a little guy but couldn't touch the huge profits someone made on the Bear-Sterns collapse with a very narrowly timed prediction of the date of their collapse, Fed was bowed to, etc...
Notice how the partisans at the likes of Fox and MSNBC tend to focus populist issues that do not threaten Wall Street. Fox will focus on how Obama is socializing country, bang on health care, stimulus costs, cultural issues, and war on terror but only pay passing lip service to bank bailouts/Fed. They said little when we had "socialism" for rich, but scream at "socialism" for the poor. MSNBC will bang on people's desperate health care straights, and their need for jobs, via govt programs, gay rights, defense spending/wars etc..but again, rarely do much more than lip service on financial corruption.
And look who advocates for us, it is not a partisan all-Repub or all-Dem line-up. Ratigan, no flaming progressive, does more against Wall Street than any Fox opinion including Beck. HuffPost, flaming liberals, does more push back on Wall Street than any conservative internet news source. Conservative news sources were doing so little on this, whole new entities like ZeroHedge, had to come forward, in a way similar to Ratigan's rise. It was Repubs in the house who almost stopped the bank bailout last fall. And yet, Ron Paul was shunned when Repubs had controll of congress and presidential administration. It is Grayson and Paul who put forward this amendment.
If we let partisan politics prevail and think we would just be okay if the other guys were out of power, Americans will be further impoverished, the economy will rot even more, and the those at the top enrich themselves. They love to see use cylce through Dems and Repub congresses, that vary in politics on cultural issues, wars, but never Wall Street. They own the place, no matter if it is red or blue.
Hosts gain nothing from the parasites, parasites die without the hosts. Parasites drain the hosts, even to the point of death. Like a cancer whose uncontrolled growth guarantees not only the death of the body it inhabits, but also its own demise; the parasites feeding on us have no concern for the common wealth and are so self-absorbed and short-sighted, they will so greedily feed that they kill our mutual source of life. We must take some strong medicine to rid us of these parasites.
What are you talking about. Of course you have to sacrafice for these coporations of course you have to make yourself smaller intellectually, spiritually and with fewer human rights compared to them. When you go to a forest you must realize that if the small trees had NOT REMAINED small there would not have been enough room for the big trees to grow.
All life is discoverying a sense of self. You have your core self, your job function self, your family role self, your country self, your army self, your world citizen self. It's all sense of self. The takers all have white teeth thick skin and strong personal boundries. It's up to everyone to make sure the thick skinned white heavily enameled teeth parts of self do not overstep thier boundries.
The indians had it spiritually correct but failed in the physical world. You can not outlive a rock or outlast land but if you do NOT assert that THIS IS MINE and will remain mine until I die. The people who will not recognize thier own boundries of self and see everyone as a potential to be used for labor or used for sympathetic connection power plays. Everybody wants to be part of something bigger than they are when those groups form many are asked to sacrifice for the good of the whole and the few who keep asking for this sacrifice are immune to thier own call for sacrifice because they are the ones recieving the offerings of sacrifice. They do not ever achieve their goals of greater good they simply pay off some outside participants with YOUR largess all while taking credit for it. Now go and watch timmah!! take credit for saving his banking system with YOUR sacrifice.
http://www.youtube.com/watch?v=uQoYeMAS5qo
CD - What exactly are free enterprise and the rule of law in today's context? Thank you for your eloquent reflection upon this vital question. How we decide this issue I suspect will be the pivotal point of history for the next century or two.
Excellent CD.
What I find frusterating is that many people I engage with are still completely apathetic to what is happening. Dispite the daily outrages being perputrated everyday in this country, most people are still comatose.
Ultimately, I think this is a symptom of still being reasonably well-to-do in this country. Until there is a major shock ($10 gal fuel, no more 'American Idol', empty shelves at Wal-Mart) to wipe away the thin veil of faux prosperity in this country, I don't see things changing for the better. What keeps me up at night is it could be much too late to actually fix anything once people do mobilize.
My company is still hawking ARMs & HELOCs. I refuse to mass market them and will probably be fired, but I would rather be fired than go against my beliefs. Their justification is that if someone loses their job they can't get a HELOC and may need the money to survive. But too much debt got us into this and more debt will NOT get us out. I think most people now understand this and that (plus unemployment) is why we are seeing so much deleveraging by individuals.
I don't work for one of the big firms, but even the middle and smaller guys still think this is the way to make money. Downsize, squeeze remaining employees and hawk the same products that got us into this mess all in the name of "growth." Get bigger, sell more stuff whether people need it or not and create and even more complex market place. People are getting wise to the Wall Street game whether it is played by the big boys or the little guys who want to be one of the "big boys."
Good for you standing up for what's right -- and good luck!
I see the same thing when I try to explain it, their eyes glaze over and pretty soon they start to avoid me. .. They think I'm wearing a tin-hat. I mention that the system of justice in this country has bifurcated right along the lines of the divide between the bankers and the rest of us.
The easiest way to get some attention is divide 700 billion by 50,000 to see how many jobs you get over a N year time frame. If you add in all the rest of the programs that bring the bail out into the Ts. You could probably cover all the unemployed and then some for an entire business cycle. When it's brought down to those terms then a light flicks on.
Flavor N, total bailout costs and average salary to personal taste and audience. Make sure the bailout costs are fairly accurate. I think if you mention the real cost , people will stop listening. It may be wise just to stick with the down payment of 700B. That's just me though
+1e10
As usual, magnificently articulated.
Cog I posted this to my Facebook and am asking all to replicate it. That was the best call to action I have seen in years. -Michael
+! as Layne has sometimes commented. Absolutely. This one needs to be disseminated widely.
This is what we can do for our country... for truth, for justice... Thank you!
It takes having a really good enemy to make people good. I must say picking the american public is a fine choice in enemies. Definitely going to get you sorted out.
OBAMA MUST BE IMPEACHED.
There are no "legal" grounds to impeach Obama.
On what ground?
Umm...treason? Selling out the United States to private banking interests? I'm sure if each and every conversation that Obama has had since being in office is made public there will be more than enough proof.
Thank you for saying it GG! It was his job to decry the crimes that were perpetrated by paulson and bernake instead, he became an accomplice--the truth is the truth, and unless this president admits he has made a grave mistake, and immediately calls a recall to the paulson/bernake plan, and then proceeds to dedicate his presidency to crime fighting and exposing the financial/government captured complex, he is putting us all at risk, and not upholding his sworn duty.
Obama should resign immediately and retreat to his Arctit Fortress of Solitude and prepare to defend against the menace of the Atomic Robo-Men who..... oh, sorry, different kind of crime fighting.
LOL
So the guy who's been in office a year is responsible for the sellout that has been going on since Eisenhower.
LOL
Get a grip.
Since Alexander Hamilton. Eisenhower at least felt something was wrong with the chapter in the saga entitled: the National Security Act of 1947.
Thank you for saying it GG!
Now, if you will please use the broken record routine obsessive ranting technique to convey the details i will be so grateful!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Furthermore, the US citizens need to get a crystal clear focus on the fact that it is treason for any elected officials to legislated to officially sanction criminality--and the revocation of Glass Steagall is just one big example of this behavior...all of the cozy tiny little senators need to know that they are on notice, and unless they are non-reformable sociopaths, they need to get their allegiance straight, and start to support S604 so that our country can start to take back our freedom, and liberty from the fake money mongers, namely the owners, and agents of the privately held federal reserve corporation/cartel, that have been running our country since 1913.
Not so fast, my friend.
If one looks closely at the vote on the Grayson/Paul amendment to audit the Federal Reserve, most of the "nay" votes come from CBC members that are on the Financial Services Committee. Rep. Melvin Watt, also a member of the CBC, proposes an alternative amendment that places extra restrictions to Audit the Fed-- and we know what his campaign finance profile looks like (try any TBTF bank). And to the surprise of many, Barney Frank himself showed his true colors and voted down Audit the Fed in favor of a restrictive Watt amendment.
In my opinion, the delay announced less than a hour after losing critical votes on 2 amendments had less to do with "frustration with a crisis of unemployment"-- and more to do with buying time from those who support the Federal Reserve's desire to keep their activities totally autonomous from the American people. It's those Congressmen above who still "just don't get it"-- and Barney Frank is at the very top of that list.
We need term limits.
The CBC just wants some grease for their nay vote. They'll get it.
Agree that the delay is a blatant stall tactic--stall and scramble to see how they can dismantle it--but in doing so, part of the veil was stripped away. It's starting to crumble. Yes, treason.
I envision that MSM hackneys like CNBC will flood the airwaves with "experts" who are strongly against Audit the Fed, and get as much momentum against this (and instill as much fear) as possbile heading into December (if you'll notice, they'll give Ron Paul an opening "first shot" next Monday, before they go guns a blazing the next 2 weeks). Given what Barney Frank has already done to stall progress on this bill, he can easily find ways to keep stalling until the momemtum is strong enough.
Will it work, though? It might... and even if it doesn't, there will be plenty of obstacles to deal with in the Senate. It's in those chambers where I think the Grayson/Paul amendment gets dismantled.
It's hard to tell what the deal is with Mel Watt and the CBC. Watt, in particular, has risked his political career on an amendment that was likely drafted by Barney Frank himself. Perhaps in exchage there have been promises under the table to address unemployment and the CBC constituency, we just don't know what they are yet.
What I find a little tragic -- at least from an appearance standpoint-- is the selling out of CBC members to protect the Federal Reserve and the large banks they support. If only the consistuents they proport to represent actually knew what was going on here. It's one thing for Obama to sell out... but the entire black caucus???
Wow.
I expect Obama to use Bush's scare tactics soon. If we pass Grayson/Paul amendment, the terrorists win. This will be followed by the Fed/Treasury's prediction of global financial Armageddon if the Grayson/Paul amendment passes. All they have to do is scare enough sheeple to sneak by a watered down version of the bill that will prove all but worthless.
I agree. When I saw the prominent role that Maxine Waters is taking in the delay, and that she voted against the Paul-Grayson amendment, I went "bingo". They've (mostly Dems but some Repubs as well) cloaked it brilliantly in some respects. Any attempt to publicly claim that they have ulterior motives will be met with cries of insentivity towards those who are seriously struggling in this economy, and they may also get branded with a big, scarlet "R".
If these efforts really gain traction, I wonder what will be trotted out as a diversion attempt. Given the depth and nature of this power struggle, to paraphase others, it could be a doozie.
Soon we'll hear that the privately held Federal Reserve invites the idea of the Fed audit--anything to keep the 6% on 1% dividend on all reserves flowing...they will use the old method of "agreeing with your critics" to gain popularity.
Too bad that few people understand that they own more than half the DOW and game the system with the PPT and a whole handbook of devious ways to screw EVERYONE ELSE by making sure they own enough elected officials to get and keep legislation to officially sanction their criminality.
Yup. That's what the ability to CREATE MONEY OUT OF THIN AIR get you - surprise - buy unlimited amount of anything. By virtue of having this power, the Fed owns even YOU. It is as simple as that.
NO ENTITY MUST HAVE THE POWER TO CREATE UNLIMITED AMOUNT OF MONEY - PERIOD.
+1 That's the black hole.
Assetman, GG & agrotera - My youngest asks why are her options seem to be currently limited to either the blue or red pills. She just wants to be able to engage without engaging the monster and has come to realize that she cannot. Among her generation the comprehension is dawning that this, more than debt is the major focal point of their questions as to our leadership. In this I repeat my earlier call and say once more; "We are the people we have been waiting for". We must do what we can to set the table for those that will follow us and bring to a close this era of sickening codependency of a society upon the 1,000 pound persons that our government so called "Private Enterprise" and its nominees have become.
Your daughters are really not limited between red and blue pills. I saw a green pill during the last election, as well as other pills. Only problem is that you can take those pills, but nothing happens.
What our society has developed, though, is a system where blue and red pills define us. And these are pills that have strong finanical backing and lots of organization.
I do agree that the younger generations will be our real heroes down the road. What is needed to counter the red and blue pill effects (these are the real conservatives, because they are incumbent to a system that benefits them exclusively)?
What is needed is a cohesive message to which most people can relate, organization, leadership, and money. One of the tragedies I see today among us is an urge to do something-- but there's no real leadership organization... and willingness to battle based on principles. Americans are open to the right message, and there's plently of grassroots money that could be had (the Internet is a powerful mdium). It's organization and leadership that are sorely lacking.
Hi Miles K,
Please forgive me for asking, but if you don't mind, please elaborate. I think your essay on codependency on the 1000 pound person needs repeating, but i can't remember where your posted it.
Do you live in the midsouth? i saw one of your posts from a few weeks ago, and replied with this q, and checked for a while, but didn't see your response. If you prefer not to say, I totally understand!!!!!!!!!!!!!!!!!!!
Mibbit Enter with agrotera and look me up, I'll be looking for you.
BTW, you can find it at GW's blog:
http://georgewashington2.blogspot.com/2009/10/too-big-to-fail-and-1000-p...
Obama sold out his people for the banks. The banks discriminate against African-Americans in lending and in hiring. The bankers get the profits in good times and the lowly citizens get the losses. It's unconscionable that he protected the banks. Obama had a chance to go down in history as one of the greatest presidents in history. If he would have nationalized the banks we would be well along the path of recovery. He chose to protect the banks and their wealth at the the expense of the country. He will down in history as a failure just like Bush.
A black politician selling out his black base? What's new?
Obama
Maxine Waters
Mel Watt
The list is long and extensive, identity politics is nothing more than chattel creation. The sad part is if you listen to most blacks, they think they are being represented. The decimation of the minority community is shameful, they bear the brunt of these unemployment numbers and have been substantially bigger losers in the personal balance sheet realm. Obama represents Obama, he cares not one whit about his blind followers. It's all rather creepy.
Anybody want some dirt on Watt? Wikipedia (http://en.wikipedia.org/wiki/Mel_Watt) said, "... Eight of the ten Black Caucus members on the committee voted against the Paul-Grayson amendment." and "Watt’s largest contributors included American Express (NYSE: AXP), Wachovia, Bank of America and the American Bankers Association." and "n 2003 Watt vehemently opposed efforts by the George W. Bush administration and Congressional Republicans to increase regulatory oversight of Fannie Mae and Freddie Mac." Watt may have been the conscience of the Senate at one time, but not now. The man is a sell-out.
There wouldn't be any "Blacks" in office and there wouldn't be any Federal Bankruptcies if the JEWS weren't B.S.ing their way across the universe....
A day is coming when the hammer drops... And the JEW B.S. stops in all Sectors in America (or a New "Jew Free" America).
Idi Amin, Mugabe, etc. It's not race; it's class.
It has nothing to do with race OR class. It has to do with privilege. People who lack it, and suddenly achieve it abuse it. People who have it and have never known what it's like to not have it will abuse it. People who have gained it through hard work, or who exist on the fringes looking in and desire it will fight abuse and work hard to stop the abuse.
Obama rocketed to stardom on a whim from George Soros. As a nobody who is suddenly a huge somebody, he has no interest in losing what he's gained. As a result, he has surrounded himself with yes men and silver tongued abusers who have convinced him he is "God's gift to humanity". He is so sure of it, he knows he can make no mistakes, and will do all that they ask, as long as the accolades keep coming.
All the abusers mentioned previously have done the same thing. It has nothing to do with their race. Has nothing to do with their class...just the fact they suddenly got something they are unfamiliar with and are desirous of not losing it, thus are willing to do anything to keep it...
Obama's a dupe. He has no new ideas, no care for anyone but his overinflated ego. Maxine Waters loves what she's gained by duping her voting base. Idi Amin and Mugabe both realized how much they had gained and chose to keep it by any device necessary.
Privilege is very different from class. It is related, but not the same.
Privilege leads to bad decisions and divisive behavior. Class doesn't. If you're a member of the upper class, and you've GOT class, you know from whence you came. There are people like this in the world, more than you realize.
We're doomed. This crew in DC is drunk on power.
This should read: "Are Americans finally standing up to the Idiot Jew shysters on Wallstreet?" -- The answer is "Yes and they are shutting down the Talmudic Shits as well... "
Arm up for the J*w F*ckUPs in the USA... The CrackSmokeRepublican...