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Dylan Ratigan Discusses Obama's Purported Secret Agenda
Dylan does not mince his words when discussing some very hard core GOP assumptions about what the administration's plans for the US are. And a very salient highlight which shows that, of all things, none other than Goldman may be the reason for Obama's ultimate downfall: "Goldman Sachs is becoming the bogeyman of this administration the way the Carlyle Group used to be used as a sledgehammer against the Bush administration. It's a fascinating narrative that is developing and one that this administration better be very nervous about as well as Goldman Sachs."
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h/t Alexis
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http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
Goldman owns Obama
Screen Some Rot
Miles,
OT question.
Does your avatar name come from the main character in the movie Hopscotch?
http://en.wikipedia.org/wiki/Hopscotch_(film)
Indeed... Me to a T. Although I still desire to apply the amplitude of Layne.
I left a response for you on the "Fed bailed out world" thread. Would you take a stroll and check it out? It's closer to the bottom and it's actually 2 responses on top of each other.
Thought it might apply to you personally.
http://www.zerohedge.com/article/how-federal-reserve-bailed-out-world
Return for comments...
One of my alltime favorite movies. :)
Mine was never Gin and Ginger-ale!
The Montrachet '69 please.. Next to the beer.
Where is the opener? On the table in front of you.
Where are the glasses? On the table in front of you.
WhoT!
And who owns Goldman, the Fed and BIS?
The fact that even someone as rich as Perot could not
get on all the ballots basically rules out electoral
change.
Perot basically became a spoiler for the Clintongs,
proteges of godfather Bush.
There may be no awake change until government fails
across the board, which may not be too far off, and
half the population depending on government has to go
to work...
In light of this, it'll be interesting to watch Frontline's new piece, The Warning. It supposedly exposes much of the derivatives beast.
Frontline is the most left wing television program in the U.S. What makes you think they will say anything negative about the Obama administration?
It was the Clinton admenstruation in which most of the bullshit was started with Rubin in charge, and Greenspan was a 'rock star' with horribly bad breath, giving the kids the liquor and the car keys.
Brooks Born was an appointment to CFTC and an FOH.
That would be true for folks who are under 20 years of age or came into puberty after 1992. Greenspan was appointed by which president, do you want to make a guess, and who did he replace, and what was Greenspan's previous life?
It's not about the Obama Administration, which continues the guilty actions of Carter, Reagan, Bush, Clinton, and Bush the chimp.
It began with the establishment of the Group of Thirty (Rockefeller Foundation initiative in 1978), their actions promoting the widespread adoption of credit derivatives (with securitization processes involved, of course), and JPMorgan (where a type of CDO, and the credit default swap and BISTRO came into being), along with that Derivatives Policy Group (Goldman Sachs, Morgan Stanley and the rest of the gang) promoting the repeal of Glass-Steagall and the destruction of all oversight.
The Financial Services Modernization Act (also known as the Gramm-Leach-Bliley Act, signed under Clinton, thanks to Gramm, Rubin, Greenspan and Leavitt) allowed for ultra-monopolies, while the Commodity Futures Modernization Act (again signed under Clinton, and thanks to the same bunch of monkeys) allowed for ultra-leveraging by those financial ultra-monopolies.
Case closed, people! (And FYI for another anon clown poster, Brooksley Born was the force who attempted to stop the gang of Rubin, Gramm, Greenspan, Leavitt, Goldman Sachs, JPMorgan & Morgan Stanley...)
sgt_doom puts it down!
Lead by example!
It's my opinion Taibbi's 'Wall Street's Naked Swindle' was a magnitude 10 earthquake with an epicenter 500 miles due east of Washington DC. The current administration might want to issue a tsunami watch because the waves are coming. When sources like Rolling Stone, Baselinescenario.com and ZH begin to converge, watch out.
Hear hear.
I agree, awesome piece everyone needs to read.
Without proper accounting of share ownership and the requirement to put up collateral, find shares, etc. how could you even trust the market - the answer is you can't, it's all just a game.
When connected people decide to crash a stock/company they can do it without even having to put up the money or find the shares.
That is fucking insanity and it goes to the heart of the entire stability of the markets. I am telling you they have killed the golden goose with their unchecked greed.
If they are not careful this particular convergence zone may well form a KT layer.
yes it is an absolute must read....if you can
only read one thing this week read the article...
the classic line from the article is:
"Our economy is so completely fucked, the rich are running out of things to steal."
it doesn't get any sweeter than this...
those terrorists should be down in guantanamo...
The United States Government is bought and paid for.
The United States of Goldman Sachs is more like it
There should be
"Goldman Reich & Co"
Given what people knew about The Carlyle Group
http://books.google.com/books?id=-y5pk0LJ4CoC&dq=the+iron+triangle&print...
and the conflicts, what price was paid by the Bush Administration?...none
What will happen to Goldman?...nothing
carlyle group is the most wicked evil den of
shit in the universe....it is a bush crime
syndicate rape house involved in both financial
terror and military terrorism....
this is a pet company of the bush crime
syndicate....it makes bechtel and halliburton
and blackwater look like a team of vacation bible
school kindergarten teachers...
Goldman is a bunch of chumps. At one point I had some respect for this company however they are now nothing but a bunch of scalpers with fast computers and greasy hands in Washington. Goldman is a disease and must be erradicated if the US is to regain the respect of domestic and international investors.
Is it just me or is the video not working?
LOL is Obama's agenda secret? No, its right out in the open. When you are surrounded by marxists, you aren't a democratic capitalist.
And enough of this lying about GM. Even Ratigan doesn't get it. They keep spouting this "GM didn't see the cars people wanted" crap. They sold the most vehicles in the world 2 years ago. Their problem was paying people who no longer worked there.
Are you sure you are right? Toyota from last I checked, provides life-time employment. Don't read your favourite commentator and assume they are right. Pension expenses in American companies is just one of a myriad of problems GM faces and even with uncle sam assuming the entire GM pension burden, GM would still fail.
And why did GM sell the most cars in the world in the past? a) because they provided zero financing to Joe six packs who cannot afford anything else, and b) because Opel were still doing decently in Europe and c) the chinese had the choice of GM or expensive european VW, or chinese-made cars like Geely to choose from. Japanese cars in particular, like it or not, still carry the stigma and burden from the atrocities the nips committed in China during WW2, and that left the market open to GM.
ZH, the 'read more' link goes nowhere.
BTW, your work is consistently brilliant.
As if this a "democrat" or "republican" issue. I don't vote in national elections because in my view no one could be in an election without being vetted by those who are responsible for this debacle. Republican or democrat is the diversion to distract those left who are not distracted by reality tv ( sports included). Until we as a collective pull our heads out, solutions will elude us.
I'll drink to that
I'll drink to that
MSNBC will be next on the Obama shit list. Pretty soon, only the BBC will be left on the White House approved viewing list for the faithfully numb and dumb.
Trust me, you don't want that. BBC is socialist tv with a red filter - trust me. it has fallen to more of less just saying what the current socialist wants it to.
It's still better than fox news though :)
all major media are cia-fed control newsfakers....
they are all absolutely corrupt water carriers
for the elite banksters and indnoesian president.
So, a Great Vampire Squid a socialist President walk into a bar...
in NYC tonight and pick up the tab to hear him talk about bad wall street!!!
the socialest says "I'm goinfg to redistribute your wealth."
The squid says, "OK, let me help you manage that plan."
And the rest is a gang of congressmen asea in a cloud of murky cloud of ink.
LOL. Lunatic populism at its finest. There is not a single shred of evidence that Goldman Sachs has done anything "wrong" or "sinister". Unless, of course, making money is "wrong", which apparently it is now that the USA has become a socialist/fascist state.
I'm taking my $25 million and leaving the country. Obama can blow me.
Collateral damage happens. We don't need evidence of wrongdoing to know that Masterminds who create the barriers to prosecution, are just as, if not more so, guilty of financial crimes against humanity.
What Dylan didn't mention was that Democracy Corps is run by James Carville and is a super partisan Democrat polling company. Carl was spinning like a top and the brunette Republican spokeshole was correct to point out that the Tea Party movement is hardly some far right phenomenon. Obama is in real trouble with all of this and the issue of "speed" and particularly the way in which Obama is attempting to ram gigantic bills through as fast as possible makes people think they are on a used car lot.
The fact is that Obama and the Democrats are in total control of the government and therefore the Republicans in Congress are in NO position to stop them from doing anything. Democrats themselves are the ones putting the brakes on this guy's agenda and that hardly jibes with Carl's assertions that the far right are gumming up the works and that they don't have any shot electorally next year. When your own party is telling you that you are drunk, its time to sit down.
Good observation. The moderates/independents are the ones who tend to listen more than pontificate. aka, the silent majority, they usually do their talking at the election booths. The mid-terms will be a surprise to the liberal elites provided the Republicans put up a list of candidates who appeal to the middle and not to their radical faction.
"the Tea Party movement is hardly some far right phenomenon."
Surely you jest.
Well, if I am jesting, then Obama ought to be shitting his pants right now. We are all aware that he is losing independents by huge numbers, and therefore if the Tea Party movement contains no independents, that means that the far right is much bigger than was previously believed. Combine those two facts (if that is the case) and 2010 will turn out to be electoral armageddon for the Democrats.
if you think that republicans would stop or
impede democrats if their numbers were greater
you are highly deluded and perhaps complicit in
the lie of a two party political system...
the republicans were removed from power and indeed
willingly stepped away from it so that these
bills could be passed....
no one is telling obama to change anything...you
are watching a little handwringing in public
to excite sheeple like you....
"Goldman Sachs is becoming the bogeyman of this administration the way the Carlyle Group used to be used as a sledgehammer against the Bush administration. It's a fascinating narrative that is developing and one that this administration better be very nervous about as well as Goldman Sachs."
For those that didn't watch the video, this quote came from Chuck Todd, which I find most interesting. Chuck is a political guy, not a finance guy. Coming from Todd versus the Ratigans, HuffPos, ZH's, etc of the world is much more main stream and damaging to the lack of transparency in the Fed/Treasury/Wall Street complex.
I saw Chuck Todd's tone towards the Obama administration change a few months back. We'll probably never know what happened, but whatever it was, he did not approve.
Maybe above all else, Chuck Todd is an honest and ethical individual who maintains high standards upon himself, his profession and his expectations of elected officials and civil servants. I enjoy his reporting. Even though he is obviously liberal in his belief systems, he endeavors to be objective.
Agreed. One thing I do know is that he thinks Robert Gibbs is a smug, condescending asshole, so there's no doubting his people judging skills.
Possibly the tone changed because new marching orders were implemented.
Or he had an epiphany. You decide. People are beginning to take sides.
Chuck got caught up on camera a while back and learned a pain etched lesson. New WH press meat got baptized. Chuck must have gone to an interesting party over on the Chesapeake over the weekend.. hehe
Perhaps the Obamas need Goldman Sachs so they can fund their lavish parties?
http://www.google.com/hostednews/ap/article/ALeqM5gEfUAdYWG5Ysa7CDcGMLMu...
/sarcasm
(I hate to be cynical, but it's getting hard not to be. )
GS is indeed the golden squid. Let's not forget about Jamie Diamon who is personally worth more than Blankcheck and he also sits on the board of the NY Fed.
And while we are not forgett, let us not forget that Goldman Sachs, JPMorgan Chase, Morgan Stanley, and some other minor parties, financed the ELX Futures exchange, strategically positioning them to do their naked short selling of Treasury bonds (some call it Treason!). Thanks to The Taibbi for that bit about those T-bills....
I love the false choice - Republican vs Democrat.
Plenty of Fascists in both parties, especially in the Senate (i.e. Sen Kay Hagan).
2 sides of the same coin.
corruption has no master.
The 2 sentences of your post were the foundation of Perot's '92 candidacy. For the sake of argument, forget Perot's policy prescriptions (like the giant tax increase for 3-5 claendar years to reduce the deficit/debt) and his subsequent freakout. Focus on where his "two sides of the same coin" message had him on June 2, 1992:
WaPo/ABC poll:
Perot: 34%
Bush: 31%
Clinton: 29%
This post is not an endorsement of Perot per se, rather a lesson that the two party charade is vulnerable given the right message and conditions.
+1 and one couldn't get much better conditions than the current ones. for all the effort all 3 in the video made to keep the message focused on red vs. blue, that video was very enlightening to anyone of any other color who wishes to find the right message.
and many servants
An Iridium coin at that Lizzy.
I used to be a raging old-school conservative Republican but just about every one of them is a jackass disguised as a jackal, I mean elephant. It is all just too sickening to hear from the Repubs that they will 'fix it'.
I've also realized that there is a certain line in legislating morality that cannot be crossed or undone, before the Fascists in the other party seize the same sword to use against the former.
Get it done.
A 'domestic terrorist' - HA!
Agree
This Dem/Rep crap is useless, they have all been dancing to Wall Streets (and therefore the Federal Reserves Shareholders) tune all along.
You think people would notice that it never matters which party is in power, the same Wall Street hacks work for both.
we came from the same school...although i still
hold my core beliefs it took me a long time
to realize that republicans were entirely
complicit in the scheme to socialize amerika
and subvert the constituion...
i've had some enlightening personal encounters with so called conservative republicans whose actions
shocked me in their support for the opposite
position....
and that couple with the neocon gargantua and
pantagruel blood sucking murdering world conquest
and rape leaves me compltely contempuous of both
parties...they are all one and the same....
they both serve the 4th reich and are fascist
nazi pig assholes....
People are more and more disillusioned with both Political Parties. As they are both bought and paid for... The real question is will we do anything about it.
Hmmm...well let's see....the ABA is meeting at the Chicago Sheration on the 25th, 26th and 27th of this month. Now supposed those networked electronically-locked hotel doors were all inactivated around 2:00 AM, and the local criminal element of Chicago was notified of this.....hmmmmm.....might not that be an excellent start???
Someone remind me again why we need institutions like Goldman who's sole contribution to society lies, as it appears to the "untrained" eye, in serial bidding up of asset and equities prices? They obviously needed a taxpayer swimsuit last year, does this not confirm shill status?
Goldman doesn't need you so they see no need to try and convince you...they don't care what you think.
Actually, since I'm considering a presidential run based entirely on openly published prewritten and signed executive orders it may be best if they continue to ignore me. ;-)
I smell what you're cookin'. From my experience the key is to know when the time has come to change up.
you couldn't possibly be more right....
watch this fascinating interview with aaron
russo describing what nick rockefeller - a former
friend of his - told him regarding what the
elite think of you....
the little people are nothing but ants to be
enslaved and destroyed....
http://www.youtube.com/watch?v=7nD7dbkkBIA
"The fact is that Obama and the Democrats are in total control of the government and therefore the Republicans in Congress are in NO position to stop them from doing anything"
Kind of reminds me of the position that the Democrats were in from 2000-2006.
Only our country was prosperous before the Bush administration and Republican congress ran roughshod over it...
Remember in 2000 when we had surpluses and you couldn't fart without somebody offering you a job?
And gas was 1.00 a gallon?
Could you please show me where those surpluses show up in the national debt levels that have increased every year since, I believe since some point in the Kennedy administration?
You mean back when the NASDAQ was at 5132? Yeah, that was a healthy time.
I'm guessing you're in your early 20's if you think the bubble economy of the 1990's represented a good American economy. It wasn't.
You also seem to be confused since the Republicans controlled both chambers of Congress from January of 1995 through 2000. Meaning if you really believe the economy of the 1990's was healthy, then you'd have to give the Republican Congress much of the credit.
Dylan: "People's satisfaction with all of Congress and the President has collapsed because people are smart enough to see that money was stolen from them by the banks."
Why have so few elected officials grasped this???
Grasping it means they will have to do something about it, thus defying their master's will to continue the stealing.
Never bite the hand that feeds you.
Of course the Republicans are registering their lowest numbers of all time; They're as big government as the Democrats. The US needs an actual conservative party.
it has one - the constitutional party
http://www.constitutionparty.org/
here is george bush on the constitution and why
he rammed the gestapo legislation through a
compliant congress and why martial law soldiers
are training in texas today:
"George W. Bush had just been re-elected to a second term, but his remark, "the Constitution is nothing but a G.. D... piece of paper", really turned me off..."
Sheer arrogance, not Goldman Sachs, will be the reason for Obama's ultimate downfall. He has managed in 10 short months to alienate millions of Americans. The talking heads in DC and NYC have no clue just how visceral the anger is in flyover country. I am a devout Roman Catholic, which means I am pro life, which means that according to Obama's secretary of Homeland Security, I am a possible terrorist.
Alientated.
I am a parent who never remembers kids singing to the president before or a president indoctrinating my kids behind my back. I am not a right winger. If Bush would have done so, I would have screamed.
Alienated.
I am a saver. I am watching my life savings disappear before my eyes. I know that these policies were started under the previous administration, but I was promised change. I got Bush light with a teleprompter.
Alienated.
I am anti war. I was told the troops were going to come home.
Alientated.
I am pro free market. I believe that companies who benefit from free markets on the way up should pay the price for mistakes on the way down, no matter how many people lose their jobs.
Alienated.
I am pro-property rights, and when I see an administration allow subordinate claims to jump senior claims as payoff to goomba union thugs, I am ALIENTATED.
Obama is doomed to fail because he has a lapdog press that can't bring itself to believe that the vast majority of middle America does not follow their lead and bow down before this president. They marginalize the anger. They marginalize the legitimate concerns. They call the people racist and wingnuts and the people get madder and madder by the day.
It has nothing to do with Goldman Sachs, and everything to do with one arrogant man and a lapdog press that can't seem to get it through it's thick head that it is no longer relevant.
With the exception of disagreeing on the wars (which I personally fought in), your litany and mine are one in the same.
I can't tell you how infuriating it is to be constantly told by my betters in the media that saying, "I want my country back" is somehow code for I'm part of the Klan. Obama's vision of America (to the extent that I can discern it) is not the one I grew up in and have served in the military for the past 19 years. I think it boils down to fairness in a way. Of course life isn't fair, but if you have your shit together, work hard, and live within your means, that should be rewarded by the government leaving you alone and letting you succeed.
I was the first guy to say (during the Bush Admin) that the government shouldn't interfere with CEO pay, and they shouldn't. But damn, WTF is going on? Now, WER'E paying the employees of the banks, the unions, etc in tax dollars to make up for their failures! If a CEO turns a legit profit, keep some and give it to the shareholders, if a CEO runs his bank/insurance co., auto company into the ground, let him suck it just like the rest of us.
....Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government.....it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security.
Thomas Jefferson,
The Declaration of Independence
But a new government will not solve the problem: old money doing anything necessary to keep their money. The new government would find itself in the same position as the old government. The only 'change' in this case would a large pool of dead bodies.
Exactly, as long as either the State, or the Corporation (or Corporate-controlled state) has a monopoly on land and capital, the same situation will always apply. Only real economic democracy will change the status quo.
that and an old fashioned lynching of the vampire
squids in the rockefeller / rothschild axis of
evil.....
Controversy brings rating specially if some WH officials names you in anger. Bring on controversy and if some people get educated as side effect more power to them.
Hopefully Dylan won't curl up into the fetal position like Cramer did when the adminstration shot back...but I just don't see that in Dylan's nature - thankfully.
Lets not miss the point of this whole thing, republicans are scumbags and democrats are scumbags. If we want change we need to elect third parties. Until then nothing will change. Pitting dems vs. repubs is all part of their plan to keep the masses separated. When you explain/teach the issues to your uninformed friends make sure you make that point!
This is worse than a a tabloid.
I assume you mean MSNBC is worse than a tabloid, since content of this post is taken from that network.
Good interview overall. Obama's chances for reelection are ZERO. Goldman Sachs is just that many more nails in his coffin.
seriously, ZERO?
if W, who invaded a sovereign nation on false pretenses, could get reelected, i am going to bet that O's chances are better than zero (significantly better, given the race issue).
If candidates like McCain are placed opposite of Obama, then it should be another walk-through-the park election.
the race issues played out in 2008....at this
point the race card will be about as valuable
as a 3 of clubs in texas hold-em....
he'll carry pelosi's district and the people's
republic of massachusetts but will have troubles
elsewhere if the election were held today...
having said that, he will be renewed since the
oligarchy are fully behind the conman....
i'll take the other side of that... who is going to unseat him? Bobby Jindal?
"That's funny right there I don't care who you are."
Bobby Jindal = Damp Squib
Ratigan uses his Newspeak term, Corporate Communism. It is an oxymoron. What is really happening is Crony Capitalism.
This discussion is another useless piece from the Corporate Media to confuse the issues. I would hardly bother to call it a secret agenda in the Obama administration, but there is corruption of purpose. It would be a similar corruption of purpose, at least from standpoint of the many, if the Republicans were ostensibly in charge, because in either case, it is still the Plutocrats calling the shots.
The same Plutocrats that own GE/NBC/MSNBC, more or less.
We have a Corporate State and this is Kabuki theater.
From a cross post:
The Wall Street Banksters probably did not appreciate the Pope of Hope (R-Government Sachs) wagging his finger at them, though they had such little respect they weren't even in the room. Even so, that is as severe as the message got. Their stock even went up that day since everyone knew the regulations being proposed were as phony as a three dollar bill.
Government Sachs is already bought and paid for.
But just to be clear, the Wall Street Mafia is putting the fear of the Almighty Dollar in them setting them up to make sure that they don't actually do anything. Remember Bill Clinton (R-CitiBank) who got the contract on America for his efforts.
David D. Kirkpatrick NY Times:
“But in order to save the capitalist system, the administration has to be responsive to the public mood, and that is a nuance which can get lost on Wall Street.”
1 - why save the capitalist system when it is destroying the planet and the people on it. The mood of the people seems to be rather against Wall Street. That is absolutely as gentle as I can be. More than I should be.
I should say, when are we having Bastille Day?
The top 1% own 50% of the stock in their rigged casino.
The bottom 80% own 4% of the stock. You do the math, the upper 20% own 96% of the stock.
2 - having a government that looks out for the interest of the majority is called a democracy. The bottom 80% who have almost no stock are a vast majority, anyway you look at it.
Except in the view of the Plutocrats.
3 - The Wall Street 1% are the tyrants who act to subvert and destroy democracy. They do everything they can to confuse the issues in the minds of the many, it is divide and conquer.
So far they have done a bang up job. The fraud of the Wall Street Banksters is stunningly massive, yet instead of investigating and doing meticulous audits, Government Sachs has handed over TRILLIONS.
End the Corporate state, investigate the crooks and march them off to the hoosegow.
---
In the documentary the Corporation the question is asked: if Corporations are people, what kind of people are they?
The answer: psychopaths!
Wikipedia - "The psychopath is defined by an uninhibited gratification in criminal, sexual, or aggressive impulses and the inability to learn from past mistakes. Individuals with this disorder gain satisfaction through their antisocial behavior and lack remorse for their actions."
Simple, but true enough. Of course, the sham of meritocracy that maintains the grip of the plotocrats remains a potent obstacle to the masses asserting what most know in their bones, regardless of how easily they are dismissed as whining parasites, unionists, socialists and, bottom line, losers: The American economy is a casino and the game is so rigged that Las Vegas mobsters could only dream of having it so good.
anyone who wants to know how corporate communism
and terrorism work must watch this video by a
confessed economic hitman - john perkins
http://www.youtube.com/watch?v=yTbdnNgqfs8
it is evidence of how the terrorists put on
sheeps' clothing so that the sheeple can be
conspiracy deniers and sound so hip dropping
terms like "conspiracy theorist", or "birther"
as an argument which is no more persuasive than
a diaper full of baby shit.
I would call it an actual conspiracy by the owners of the world central banks to seize control and make the rules themselves for the world central banking empire they own. I look forward to the day when the United states separates and isolates itself from those people.
Dylan made a comment about the internet and too much information right at the end.
I hope he was being facetious.
I don't understand comments about Socialism. The banks were bailed out, not nationalized and nothing else is being nationalized. If they were, the following would have happened. All the current banking staffs would have been fired immediately and then prosecuted where necessary. The moral hazzard would not have been with the bank receiving free money, but the 13 trillion would have been used to pay off all the mortgages in the country, providing an immediate boost to main street. (Total US mortgages are 11 trillion) Next the payoff of all mortgages would have been followed by increasing the requirement for bank reserves and raising interest rates to suck the 13 trillion out of the economy and strengthen the dollar. That would have been a good description of nationalization of the banks and corporations, but that's not what we have. We have Capitalism of the absurd.
Obama is as much in over his head as he is a sinister leader. More a dolt who doesn't have a clue.
The books "None Dare Call it Conspiracy" in the 1970s and "Call it Conspiracy" in the 1980s detailed a lot of this.
I think Wall Street is going to have a bad year next year. Mid-term elections in the house. Bailouts of of rich bankers will be the number one weapon wielded by challengers, and therefore incumbents in the House will suddenly take it very seriously.
At that point, Obama, who is nothing if not a very very shrewd politician, will see how the wind blows and this whole economic plan will shift off its current course. The last thing that he or anyone else will want is to be depicted as Goldman's best friend.
They'll get through this year, get health reform out of the way. Then there's going to be a big old target painted on Wall Street. Just politics, folks.
Chet
Yes the elections, we should see Son of Stimulus around oh say July next year so that the spending frenzy runs right through the election.
If anybody wants to see what forethought is, read Romney's article from November called, "Let Detroit Go Bankrupt."
http://www.nytimes.com/2008/11/19/opinion/19romney.html
George Bush appointed Bernacke and ex-Goldman head Paulson.
The Pubs repealed regulation designed to curb the very excesses which contributed greatly to this crisis.
In addition to gutting the regulations, the Pubs appointed watchdog employees who were quite clear they disliked and intended not to enforce the regulations. See Mr. Cox as one example. They also have corrupted the judiciary. Try getting any law enforced in front of a "Reagan" judge if you do not donate heavily to their party. There are Pub judges who have NEVER certified a class action--and lawsuits involving less than $250K are too small to prosecute.
So why do the Pubs blame Obama or the other democrats? Did Obama appoint Paulson? Or do they think ACORN caused the mortgage lenders like Countrywide to write loans everyone involved knew was rife with fraud?
While in office, Bush claimed as one of his big accomplishments the rise in homeownership. Financed by the general public as so many borrowers are now defaulting on the loans financed by the taxpayor. Has fox news run an expose and Mr. Bush's failed promises? Or false statements of success? No. Instead they run stories claiming everyone to their left are corrupt with bad judgment.
There is certainly a large mess, but this RW attempt to blame the democrats and Obama does not one any good. Its a false claim, 5% to 10% of the problem at most.
The deficit is looming. What would the overall deficit be if we had not invaded Iraq? Whose decision\fault was that?
Obama has far surpassed Bush's deficit, and he's only been in office for 9 months.
But, Bush was no winner either.
As noted above, Republican. Democrat. Makes no difference. Corruption smells the same no matter the name used to pretty it up.
I sure wish the Libertarian philosophy would gain some traction with the MSM. That's the only way the sheeple who believe what the TV tells them to believe will ever realize there is an alternative to Dems and Repubs (who, for my money, are not very different).
Obama Seeks to Raise Money From Industry He Has Criticized
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By Hans Nichols and Jonathan Salant
Oct. 20 (Bloomberg) -- President Barack Obama will host a $30,400-per couple fundraiser in New York City tonight, seeking donations from the financial services industry that he has criticized and said needs more regulation.
Attending tonight’s event will be some of the Wall Street executives who have been on the receiving end of the administration’s criticism, according to the New York Times....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aU5yV7oBvwR8
WOW, I was sure I would be escorted to The Onion.
If he really felt ANY disregard for the banks, would he even contemplate this?
I think we and the banksters know, there is a difference between what BO syas and does, like everyone else in DC. Don't get too caught up in the theatrics, nothing will be done.
What a joke.
WHY is our nation owned and run by the Banking Criminals??!!
Pull your money from all big banks today, and put it with a sound local bank that isnt raping the taxpayer.
If our leaders will not put them out of business, then it is up to individuals to do so!
Note to all unemployed bloggers~
Get off the computer, and into THE STREETS! If we want this administration to GET the scope of this problem, we must organize and take action in vast numbers.
If the teabaggers could do it, we could make their efforts look miniscule.
Make some noise about the ongoing THEFT of our money!!
To me, it doesn't seem so much as a secret plan to bankrupt America. I think the situation is that Obama came into office and was told that America was already bankrupt. Decades of recklessness from the top down, from the bottom up, everywhere, and not just America, the whole of the world was bankrupt. The fractal dimension has been calculated and from babies to continents, all is bankrupt. OK, so what next? Accept the pain and chaos of collapse? No he was told, that would mean the end of America under his watch. The only hope was to pretty much do what he is doing now, bail everything out first and then work to fix the collateral damage later, and above all, smile while hiding the worst of the awful truth.
America was already bankrupt when Obama was elected. Bush and the Pigs (pub is too benign) destroyed the Middle Class. The elites are next.
Well said, sir or madam! The USA technically went bankrupt in 2004, and the collapse of the banking system occurred in 2007. No mystery there.
Jesus H. on a Harley! But it annoys me everytime some moron announces America is the richest nation on the Earth! It is till the largest economy (albeit rapidly shrinking in real assets), but the majority of American corporations are majority-foreign owned.
I wish the Ameritard would catch a clue....
No dumbass, it was bankrupt WAAAAAY before that. The middle class has been dying since before W was in middle school.
Since the mid 80's people the slide began. I started to notice in the late 70's roles and relationships of government and business misnomers. Many left and right are not fit for duty. They do want to incrementally destroy the common man since. Take the time to read keys to this blood written in the mid 80's. Read it as it carefully since there is substance to many topocal thoughts but not all.
anom at work.
The democrat vs republican fighting is just a distraction to keep our eyes off the slight of hand. We need a new government. One where corporations are only concerned with making money, and cannot influence elections or legislation IN ANY WAY. We need more political parties, and public funding so none of them can dominate the airwaves.
This will never happen until the system crashes, because the current power bases are strong enough to stifle any and all competition.
The system has already crashed and those with fresh money know it and are exchanging it for something worth something as quick as they can. In the end, the political parties will concede defeat and the mess will have to be cleaned up by the public. Tax, morgage and credit revolt/default will only slow the funnelling of your dollars into these criminals hands.
Here's my post about BHO and politics from a different thread.
No he's not being unfair, in fact he's being kind. Obama is a puppet, he reads the teleprompter and does what he's told.... that's the only kind of candidate that our two major parties have put in front of us for the last 45 years. We have a one party system with 2 heads, the red/blue battle is just a diversion for political junkies. The country is run by the big banks with the Squid boss as current CEO. On the board of directors are the healthcare and military industrial complexes. That's who calls the shots along with our friends at the IMF and World Bank. Obama was supported because he was outstanding puppet material. His quote earlier this year regarding the bailout and financial meltdown was: "We want to move forward instead of looking back". I wonder who's idea that was????LOL Turbo Tim's? Larry's? Lloyd's?
Answer: All of the above except for BHO.
He's had a chance, BHO sucks, period, end of story.
Gossamer,
I agree entirely, but you neglected to include "moving forward" past war crimes, though you did mention the Military-Industrial-(Congressional) complex..
Cheers.
- Winston Smith
Somebody gimme an amen on this thread.
When will ZH call out the troops and we March on Wall Street? Pick a date, let's roll on 85 Broad.
Amen to that. Have bags will travel. Let's set the date.
This won't do anything. It needs to be its own Squid enveloping several key people who orchestrated this mess.
The March has to be on the homes of the senior members of Goldman Sucks, JP Morgan, at the homes of Lord Blankfein, Jamie, Joe Cassano, Fuld, Mozillo, Congress, past perpetrators like Greenspan and Rubin and top appointees at the Fed, SEC, and FDIC, Fan and Fred, including Frank, Dodd,Geithner, Bernanke, Orszag, Kashkari, a trampling on Teddy Boyos' grave----these people have to fear for their lives, having their heads on a pike.
The mind concentrates wonderfully when contemplating a hanging.
Liberal Democrats in Congress created law that lead to lending to non-credit-worthy individuals, who are now defaulting on their loans, that lead to taxpayer bailouts of greedy banksters. I lay all of the blame at the feet of Barney Frank, Chris Dodd, the Congressional Black Caucus, and other liberal Democrats. Loans to their constituents, be they fair or unfair loans, are now in default.
The YouTube videos clearly show the Bush admin and Republicans warning of the mess we are now in, and Democrats refusing to do anything to stop it.
BHO is a ready and willing accomplice to the redistribution of wealth from red state savers to blue state leeches on society.
I live in a red state and I'm ready to take action.
although what you say is true there is so much
more to the mess.....read this article
http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_s...
i would love to see the angel of death fly over
new york and washington and visit each scumbag
who contributed to this....we could cause an
economic recovery just in the funeral business
booming from so many corpses....
Frankly, after the bush lying, and everything else that has proceeded, and now with Bush Light or Obama, I have pretty much lost faith in good people to be perfectly honest. You would think that between dennis kuccinich, and ron paul, that we would actually have a few more good people then just two. But instead we are stuck with the best con men and cheaters that the world has ever known.
Does it take a people's revolt for actual change? We are living adolus huxley's vision of brave new world, where the people are so amused that they do not see the actual theives in the temple, even with great sites such as this.
Im in!
This segment was an obvious attempt to frame the arguement on a left right axis. It came off a little odd as an interview imo, mostly due to America's problems being up and down.
The Republicans and the Democrats left and right horizontal line is so high up the vertical axis, referentially speaking, that it is pissing on 90% of the population. A pox on both their houses.
G$ and A'Bomba are a clear and present danger... same as it ever was.
Vote 2 party, U.S. Crypto Fascism
Dial 666-Add-Debt
Remember FDIC
Not a conspiracy!!!! What the hell!!! What do these fools consider a conspiracy. This entire drive to establish a new world order economic RFID chipped prison planet is and has been THE CONSPIRACY OF ALL TIME!
for those who are wondering if the taibbi article is worth the time i excerpt another gem of writing:
"Now you take those 1,000 borrowed shares, and you sell them on the open market at $10, which leaves you with $10,000 in cash. You then take that $10,000, and you wait. A week later, surveillance tapes of Wounded's CEO having sex with a woodchuck in a Burger King bathroom appear on CNBC. Awash in scandal, the firm's share price tumbles to 3½."
http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_s...