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Obama Hypocrisy Meter Off The Charts: "I Did Not Run For Office To Be Helping Out A Bunch Of Fat Cat Bankers On Wall Street"
Obama goes back to his Wall Street-bashing rhetoric in today's 60 Minutes on CBS, after he has already doomed this country to tens of trillions in excess debt to make sure that Wall Street not only thrives, but prospers, courtesy of Bernanke's vertical bond curve and the daily destruction of the dollar. With statements such as "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street" which the WSJ disclosed will be uttered by Obama shortly, only the most clueless viewers will find empathy with Obama's latest message of banker "anti-hope."
And it is not only Obama, but Wall Street protege Larry Summer himself who continues the banker bashing:
White House economic adviser Larry Summers also voiced aggravation
with Wall Street on Sunday. "Here is what I think they don't get…It was
their irresponsible risk-taking in many cases that brought the economy
to collapse," Mr. Summers, who chairs the National Economic Council,
said on CNN's "State of the Union."
"And they don't get in some cases that they wouldn't be where they
are today, and they certainly would not be paying the bonuses they are
paying today, if their government hadn't taken extraordinary actions."
"For them to be complaining about serious regulation directed at making
sure this never happens again is wrong. For $300 million to be spent on
lobbyists trying to gut serious efforts at financial reform is not how
this country should be operating," Mr. Summers said. "For firms that
have benefited from taxpayer support to be complaining about the
government burdening them is, frankly, a bit rich."
First you bail them out, and now you bash them? It is one thing to dash criticism upon rhetoric but at least be consistent. If people can not read between the lines of this administration's endless hypocrisy, they deserve all they get. And if Matt Taibbi's latest controversial piece in Rolling Stone "Obama's Big Sellout" needed any final validation, you just provided it Mr. President. Because while your Wall Street-centric policies can be explained by your lack of financial comprehension and private-sector experience (thereby justifying your desire to be "advised" by those who are an integral part of the banker syndicate), your complete disdain for the average American's intellectual level exemplified by your most recent, upcoming 7 pm TV appearance is what is truly insulting. Maybe you can put Mr. Geithner up there next to you on the TV screen, and he can justify his reasoning for why incremental "fat cat" bonuses are such a bad idea. Come to think of it, why not make it into a round table, and include Larry Summer and Robert Rubin: we are confident they will have no problem distancing themselves from the very bankers they talk to 10 hours a day, telling them (and thus you) how to run national policy.
You say "Some people on Wall Street still don't get it"... The problem, Mr. President, is that more and more people on Main Street, do get it. They now realize just whose agenda you have at heart. And said Main Street expects nothing but merely more theatrics during your upcoming meeting with Wall Street "fat cats" tomorrow.
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"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street"....
(1) With the exception of appointing a bunch of Wall Street guys to positions of power within my administration.
(2) With the exception of collecting your donations to my presidential campaign and seeking more donations to my re-election efforts in 2012.
Agreed. After all, that's why Goldman Sachs was his second biggest contributor to his election campaign.
you go Obama! I guess the latest Taibbi article hurt his fweeellliinggss.
+1
No way Obama would be pulling this ridiculous bit of kabuki theater unless he read Taibbi's article calling him a puss and a sellout. Which he is--a couple of months ago he went on the radio to beg the banks to start lending again. Their response was to get the DJIA to drop about 150 points the next day, and he never uttered another word about it until now.
The interesting question is, how many people are going actually be fooled by this little act of his at this point?
I hear Obama's new pay czar is going to be Angelo Mozilo.
(2) Donations to my presidential campaign.
Hey the Real Money kicks in AFTER you leave office... then you can see who they were really working for. (HINT: It isn't the citizens of the USA)
Heres a list from Bill Clintons payoff... if he took the bribe money while in office it would be illegal.
Now do you understand Clintons financial and foreign policy? And yes I know it's legal guys... and Goldman even waited a couple years for things to cool down after Clintons abolition of Glass Steagal and implementation of FSMA.
I'm just sayin' that's all.
http://projects.washingtonpost.com/2007/clinton-speeches/list/
And who is Phil Gramm, the author and lead name on the bill you speak of, working for now?
UBS, formerly, Union Bank of Switzerland.
Speaking of hypocracy. . .
Your Clinton bashing is quaint, "fly-over country" mentality.
They're all in on it, Boy. Everyone you get to vote for has been vetted before you even get a chance to vote for them. How do you think any of them get the money they need to run.
Back to the presidency, do you think McCain would have done any of this differently? He was going to put John Thain (he of the $38,000.00 toilet fame) in Treasury.
The "two party" system and those who inhabit it are puppets in a false choice.
Cummon! Surely your count's missing out all the old political hacks that are hunting for a cure for cancer and doing a stint in Medecins Sans Frontieres?!
"He was going to put John Thain (he of the $38,000.00 toilet fame) in Treasury."
Link please. I saw the "fire Cox > install Cuomo" interview, but didn't see the list of prospective cabinet appointments. TIA
Hey milbank...
I'm in total and complete agreement with you bro'...
Seriously "They are all in it"... it's what I have been saying all along.
And Clinton is a very special case since he was in charge in Arkansas while his buddy was selling tainted prison blood products and he did nothing to stop it.
Thousands of Americans and Canadians now have HIV and hep thanks to Dollar Bill Clinton.
Hey did anyone ever figure out what Hilary's $99,000 futures payout extravaganza in Chicago (cattle or pork I believe) was all about? Payment from Tyson chicken for reducing water quality standards in Arkansas I think? Correct me if I'm wrong... just askin'...
And of course they're all at it - who hired Tory Blair after he got booted out over here in sunny England ?
JP Morgan ....
Same sh!t, different smell ...
It's all rigged ...
$31 million just in speaking engagements.
All those "legal fees" they accrued while in the Whitehouse for Whitwater and Monicagate went away in a hurry.
What is Bush getting for his "motivational" engagements?? I bet a bit more than a Popiel's Pocket Fisherman.
Well you do have 'Lee Harvey Obama' what did you expect?
The Patsy President!
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street"....
In the USSR there used to be a saying that went something like...
"Nothing can be confirmed until it is officially denied."
Now... Denied/Confirmed it has been.
His poll approval numbers are tanking, thus the so-called tough talk, but people aren't buying it at this point... unless he really turns it around, and he's batting 0 from where I sit, 2010 Democratic congressional majority gets seriously whacked, and he loses big in 2012.
And then we get the same shit different party.
Exactly. That is why the Taibbi is a day late and a buck short. He should have been writing this article a year ago, when anyone with a pulse could see that Obama was just George W. Bush v.02. There is no criticism of the two party system. America needs a new party, whether it is Ron Paul or someone else. I don't know when America will understand that the Nation's continuance rests on this.
JET55118, you are dead on. Unfortunately, most Americans have no pulse when it comes to being informed citizens. To some extent, it's the fault of the fawning Main Stream Media, but if you really listened, I think the information was there as well as on internet sites. His sharp turn to the right after securing the nomination was obvious and had to be explained away by the pundits as an "adjustment". I was lukewarm on him and didn't trust him even before that, but after that my 3rd party vote was cinched.
As 3rd party politics is impossible given current US and state constitutions with their lack of proportional representation, the only alternative is massive civil disobedience. Things still aren't bad enough yet, not quite having reached 1930s levels yet. Anybody see "The People Speak" on the History Channel last night? It was direct action that forced Roosevelt to act and save elite brethren.
Incidentally, the avowed Neoconservative http://americanpowerblog.blogspot.com/2009/12/communists-speak-howard-zi... calls Zinn a Marxist but if you actually read the information in the post, it provides evidence supporting a non-intervent foreign policy. What can these people be thinking?
JET55118, you are dead on. Unfortunately, most Americans have no pulse when it comes to being informed citizens. To some extent, it's the fault of the fawning Main Stream Media, but if you really listened, I think the information was there as well as on internet sites. His sharp turn to the right after securing the nomination was obvious and had to be explained away by the pundits as an "adjustment". I was lukewarm on him and didn't trust him even before that, but after that my 3rd party vote was cinched.
As 3rd party politics is impossible given current US and state constitutions with their lack of proportional representation, the only alternative is massive civil disobedience. Things still aren't bad enough yet, not quite having reached 1930s levels yet. Anybody see "The People Speak" on the History Channel last night? It was direct action that forced Roosevelt to act and save elite brethren.
Incidentally, the avowed Neoconservative http://americanpowerblog.blogspot.com/2009/12/communists-speak-howard-zi... calls Zinn a Marxist but if you actually read the information in the post, it provides evidence supporting a non-intervent foreign policy. What can these people be thinking?
JET55118, spot on. But, 3rd party is not the answer. The first thing on the agenda is to hammer on Obama for his corruption and hypocrisy until we drive him from office. As soon as Geithner was appointed, I started screaming. Nobody wanted to hear it, but it was as plain as the nose on your face what that meant. It meant Obama was a liar. It meant nothing good was going to be done. The worst thing I did in that moment was NOT go long on Goldman and the private prison industry, and short on the U.S. housing market.
At the same time, we have to make campaign finance reform the top priority. If there had been CFR when this crisis hit, everything would have been different. The zombie banks would have been placed in temporary receivership, cleaned up, with losses spread among counterparties, shareholders and senior bond holders, then broken up, and sold. Glass-Steagall would have been brought back. The transparency of banking activity that would have resulted would have blown the lid off the whole scheme and could have been used to write effective regulatory reform legislation, which would prevent this kind of a crisis from ever happening again.
You implement campaign finance reform and EVERYTHING changes. Third party candidates suddenly can compete. Progressives can suddenly compete. Policy, not who you are letting use you in the back room, becomes the driving force behind electoral success.
The most glaring thing this crisis has revealed, the most glaring thing Obama's shocking and immediate hypocrisy about it has revealed, is just how broken our system is. Both parties are so deep in the feces they can't even smell it, it looks like food to them.
Same big party with left/right media show in high gear. The repub vs. dem show is WWF wrestling. The outcome is pre-determined.
Forecast: More shit including the same old combined with some new.
yep.........I intend NOT to vote in 2010, as my Dem seanators, Webb and Warner, voted for TARP, for confirmation of Bernanke, etc.
I've notified them at each step, how I wanted them to vote.............you know how that went.
All we can do now, is NOT vote in incumbents, that's what I'm doing.
I understand your frustration, but you MUST vote for either 3rd party candidates, write-ins or if neither of those is possible, deliberately spoil your ballot.
Failing to vote is interpreted as apathy and a license for the politicians to do whatever they like. When 3rd party ballots get numerous enough, one of the major parties will start adopting their positions and actually supporting them with votes in Congress. If we truly care about the issues and want change, that's what we want.
I would never believe another word out of this heinous President's mouth.
He is a consummate, professional liar.
He is owned, bought and sold by the
Wall street gang.
He is the most utterly despicable head of office that we have today.
I quote Hans-Hermann Hoppe:
“A state, in accordance with generally accepted terminology, is defined as a compulsory territorial monopolist of law and order (an ultimate decision maker). “
(“On the impossibility of Limited Government and the Prospects for a Second American Revolution”
http://mises.org/story/2874)
In those rare moments in history where a group of people have won their freedom and attempted to preserve their freedom for future times and generations they have resorted to various means to try to preserve it, as history records: monarchy, democracy, oligarchy, and so on up to the 18th century when a minority of Americans tried using a republic with strictly limited powers as granted in a constitution. Any such endeavor that grants a territorial monopoly of law and order must ultimately fail. (Failure in the sense that it must sooner or later cease to be efficacious in preserving life, liberty and property of the people in general and become a tool of plunder by the few against the many).
To be brief: the characteristics inherent in a monopoly of this sort ultimately create the conditions for that failure. The natural laws that govern human action will always lead to this failure, given the starting condition of monopoly that meets the above definition of a State. Its being as such a monopoly, over time, will naturally attract the minority of individuals who consider taking from others through force or fraud a preferred survival strategy. The early stages of their aggressions take on various forms of deception that have become more sophisticated though history, leading of late to central banks, fiat currency, grants of economic and business privileges and so on. In earlier ages religion was often used but that trick is wearing a little thin by now. Eventually as the non-parasitic class becomes aware of the nature of the deceptions and how it has been enslaved, (and eventually it always will happen given the human power of reason, learning and communication: hence the state's perpetual war against reason, learning, and communication), the system enters into its final stage that America is quickly approaching: overt despotism, and open aggression, being unable to exploit by deception any longer.
Many American Colonists reasoned that they needed some kind of minimalist state in order to survive in a world populated by other aggressive states, not at that time in history being aware of how a strictly voluntary system of exchanges amongst individuals and groups could arise and long endure to solve the primary needs of individual and group security and justice. As is always the case, along side such individuals were those who viewed aggression and deception as a preferred way of life and saw the forming of a state as their opportunity. The dynamic of these two forces, the subsequent struggles that ensued, in the formation of and subverting of the United States is a fascinating study, or as is often said: “ the rest is history”.
For those who want to understand how to form a viable, strictly voluntary contractual society may I suggest they study Ludwig Von Mises, Murray Rothbard, and Hans-Hermann Hoppe as a good starting point.
We are at a very exciting moment in human civilization. The State and its thus empowered despotism has never been so vulnerable in known human history. The understanding of how to end the “State” and what to replace it with is well developed.
To put it simply, for we who wish to be FREE, the foundation has been staring us in the face since the beginning of civilization:
VOLUNTARY EXCHANGE.
To all the States of the world and their allies, let the proclamation sound: All those who initiate aggression or use fraud are declared illegitimate. Your system rests upon that which cannot and ought not to endure. You will no longer be obeyed or served. You who have lived by plunder will plunder us no more. Make restitution and go in peace, or face the consequences of open aggression against your moral and just teachers.
Friends, it is high time that we figuratively fight like “warrior poets” and win our freedom! Let those who stand with me against aggression openly declare to each other -
“I AM FREE!”.
http://www.thetradinggang.com/index.php?topic=1229.0
This piece could not be more spot on!
Well, it certainly is with an epic sense of relief that I read these "trial balloon" statements. So nice to know that the President was looking out for me all along and is going to protect me from those dirty bankers who completely run financial policy in his administration.
Obama sends troops into his eternal war and gets a peace prize for it. Obama has been a hypocrite from day one. This is no surprise. He is just showing his true colors now that the election is over. Good luck America, your going to need it!
Obama is not a hypocrite, Americans were (and continue to be) incredibly stoopid to cling desperately to catchy slogans and hype in electing someone who never had a job before he became prezident; Jim Rogers publicly supported Ron Paul and he should have been given the chance at the job, after 30 years in public office. And the old men in Oslo continue to show their senility, Obama did not really try to win that. In a world full of fools, the outcome would favour the crooks. Americans deserve what they get and should just shut up and let themselves be screwed.
stoopid??? prezident?????
"Americans deserve what they get and should just shut up and let themselves be screwed." And where do you live asshole?
Keep your eyes open. Things will change.
"He is just showing his true colors..."
Yeah. White...
Evil has no skin color.
Yeah, make Timmy do it. I like it when he gets mad.
That Nobel Prize is looking more like a finger in the dike - they're just giving them awaaaaaay! People get so hot and bothered when frightening parallels are drawn using history.
http://nobelprize.org/nomination/peace/nomination.php?action=show&showid...
The only reason he didn't get it was because he couldn't be content with Poland. He had to invade Pakistan - er, France, too.
You know, you nominate and award ONE Nobel Prize to a megalomaniac hell bent on global domination and the eradication of the Jewish people and they never let you forget about it.......If he/they would have won the war, you wouldn't be thinking of it this way i can tell you that!
Exactly. It's a good thing us flag-waving 'Mericans have a stong megolomaniac detector. If we can't beat 'em, we'll innovate! We're 'Mericans!
Wait, not the exactly anymore. I've been drinking too much.
I've heard this before, somewhere...
"See, I never just did things just to do them. I mean come on, what am I going to do just jump up and grind my feet into somebody's couch? I got a little more sense than that. Yeah, I remember grinding my feet into Eddie's couch."
http://www.youtube.com/watch?v=dUb06iLjTKA&feature=related#t=1m18s
Buy another one, you rich motherfuckers!
Larry Summers giving lectures on risk is rich.
http://www.boston.com/news/local/massachusetts/articles/2009/11/29/harvard_ignored_warnings_about_investments/
It happened at least once a year, every year. In a roomful of a dozen Harvard University financial officials, Jack Meyer, the hugely successful head of Harvard’s endowment, and Lawrence Summers, then the school’s president, would face off in a heated debate. The topic: cash and how the university was managing - or mismanaging - its basic operating funds.
Through the first half of this decade, Meyer repeatedly warned Summers and other Harvard officials that the school was being too aggressive with billions of dollars in cash, according to people present for the discussions, investing almost all of it with the endowment’s risky mix of stocks, bonds, hedge funds, and private equity. Meyer’s successor, Mohamed El-Erian, would later sound the same warnings to Summers, and to Harvard financial staff and board members.
“Mohamed was having a heart attack,’’ said one former financial executive, who spoke on the condition of anonymity for fear of angering Harvard and Summers. He considered the cash investment a “doubling up’’ of the university’s investment risk.
But the warnings fell on deaf ears, under Summers’s regime and beyond. And when the market crashed in the fall of 2008, Harvard would pay dearly, as $1.8 billion in cash simply vanished. Indeed, it is still paying, in the form of tighter budgets, deferred expansion plans, and big interest payments on bonds issued to cover the losses.
Yep, Larry Summers....the smartest guy in the room.
Fade to Brooksley Born......
The Oligarchs in Russia adore him however.
The Russian people who had everything of value after the collapse pretty much stolen by the Oligarchs who were assisted by Mr. Lawrence Summers... not so much I'm afraid.
Larry is a Squid amongst Squids.
Are you for real? The Russian people didnt have anything to begin with. The crap that was "privatized" was already stolen, following Gorbachev's reforms in the 80s. All that Summers did was try to instill some ownership rights in those properties and before Comrade Putin erased the concept, many of the corporations were actually functioning as well as their Western counterparts.
Fastforward to now, thanks to angry populists like you, and we have Putin's Russia. Which weirdly looks a lot like America. Regulator Capture + life support for national champions.
Crap like oil, natural gas, nickel, aluminum, diamonds... yup real crap alright...
I believe you may wish to revisit your history my friend... Summers was lead man with the IMF on this dealio...
http://iskran.iip.net/review/september/la1.html
Heres a lovely little passage for those too lazy to check it out... like you maybe?
The Harvard Institute, together with the Chubais "dream team," as Summers called it, presided over Russia's economic "reforms," many of them U.S.-funded, including privatization. But the reforms were more about wealth confiscation than wealth creation. The first stage of privatization, which had substantial input from U.S.-paid Harvard advisers, fostered the concentration of property in a few Russian hands and opened the door to widespread corruption.
Sound familiar? Perhaps a little too familiar?
And it's you who sounds angry by the way... just sayin'
You have quite a wonderful mind you know.
Thanks Hephasteus... there are some lucid moments when the drugs wear off... generally I calls 'em as I sees 'em.
"the concentration of property in a few Russian hands" Many of whom were high ranking X-KGB
Not the Major players though Ripper...
Go here to Wiki and check out the background Bio's of the big tunas my friend... they do have Larry in common sometimes...
The most influential and exposed oligarchs from the Yeltsin era are Boris Berezovsky, Mikhail Khodorkovsky, Mikhail Fridman, Vladimir Gusinsky, Vitaly Malkin or Vladimir Potanin [4].
http://en.wikipedia.org/wiki/Business_oligarch#Post_Soviet_Russian_Oligarchs
That was beautiful dh. Well done!
Bullseye
blast from the past from fat larry & the gang:
Speculative Dynamics and the Role of Feedback Tradershttp://ideas.repec.org/p/nbr/nberwo/3243.html
if ZH can get its hands on a copy of this, it would be probably see its last 9 months of posts as ex post facto proof of the hypothesis containted in this paper.
go long m&m's
Obama needs to back actions with words. So far his actions are heinous. Here are just a few things to add a few brownie points with the American people:
1. Replace Tim Geither with someone who really gives a damn.
2. Ditto with Larry Summers.
3. Replace Ben Bernanke with Paul Volker at the Federal Reserve. Push for full transparency by supporting Audit the Fed.
4. Replace Mary Shapiro at the SEC. Eliot Spitzer (while morally off the mark) would be a better choice.
Can't do any of those? Well, your presidency is going to be a one term failure. Enjoy.
Im hoping he gets reelected, and brings the whole thing down. Better chance for a Schiff presidency in 2016....
Unfortunately Volcker is in his 80's, and probably would not take the job.
I'd take one year of Paul Volker... if it set us on the right path.
Any more than a year of Ben Bernanke's experimentation on neo-classical Keynesianism is more than enough in my view. He really needs to go before the damage can't be reversed.
I'm with you
Hate to say it, but both you guyses are a pipe-dreamin'. How about no Fed Res, since we are still 'free enough' to have an opinion about it?
I'm currently reading Ron Paul's book "End the Fed". Only part way through but he's already made the case IMO.
Volker is another Trilateralist/Bilderberger.
This group needs to be tried tribunal style like Nuremberg.
So, monday will be up 300 pts?
Led by the financial stocks.
Bang On Post.
I wonder how many more tens of trillions are they willing to toss into the pit (pun intended), to puta gag order on Doctor Copper-----
http://oahutrading.blogspot.com/2009/12/eur-and-doctor-copper.html
I sadly have to agree. More than Afganistan/Iraq, repeal of DADT, healthcare reform non-support, this has to be the issue on which Obama has succumbed.
Barack:
I'm going to dispense with the Mr. President formalities and address you as one person to another.
Honestly, you are either completely clueless when it comes to economics and finance or you are completely full of shit.
You talked about change yet hired the same phucks who got us into this mess in the first place...what the phuck Barack?
You talked about transparency...what a joke. How about auditing the Fed? What about the Bloomberg FOIA request that your solicitor general is tying up forever at the behest of a man who is a clear and present danger to the U.S.A., to wit, Ben Bernanke? What about today's articles about the results of the FOIA to the FDIC in regards the WaMu seizure and your buddy Jamie Dimon? Did you see the redactions? Phucking hilarious...
you have not changed anything in the banking system and are allowing the same group to openly steal the wealth from this country.
Barack: you are bitching today about the bankers in regards the House recently passed Financial Reform legislation. You have gotta be kidding me...YOU are the President of the United States for pete's sake. Draft your own bill and submit it to the Congress or don't you have the balls to call the banker's bluff? or is it their money? or is it the fact that they have tried to scare you shitless with their mantra that the world will end if you phuck with the TBTF banks? Use the Presidential bully pulpit to get it done, not spew out some populist, hypocritical bullshit because your internal polls show that even your base is deserting you based on your horrific subservience to the wall street gang. Even your worshippers at Huffington Post are crucifying you daily for being such a suck up to the banking crowd.
Sorry Barack, but I'm done with the respectful "Mr. President" crap because it is time to call out your bullshit about "change" and "transparency". I'm a 50+ yr old registered Republican who voted for you and have spent my career in the financial services industry: what a phucking moron I am for believing your crap.
Time to man up Barack and like Andrew Jackson, throw these phucking vipers out.
How about you have some people from Zero Hedge and similar ilk come down to the Oval Office and tell you the other side of the story.
just send the invite to tips at zerohedge dot com. feel free to have the smartest guy in the room there so you can see some other financial folks rip him a new one.
It's pointless Deadhead... he has become a "Viper" already.
Taibbi's latest article linked above is an order of magnetude more important than the Goldman/Vampire Squid one.
Unless Americans get smart very soon (and even then I have doubts) this is going to end very badly I'm afraid.
once Obama (you too Rahm, you snake) comes to the realization that he has lost his base because of the banking matter (they are near the tipping point but caught up in health care reform), he will respond to them and will be forced to expose the banks and the Fed for what they are or lose his effectiveness and become an early lame duck. The parallel between him and Tiger Woods is drawing close, i.e. from being on a pedestal admired by most to a precipitous downfall (i note that Obama's results in national polls show him declining in approval faster than any other Prez at this juncture in his term).
Plus, maybe Obama will listen to the other side of the coin and realize that the Bernanke, Summers, Geithner, Dimon, Blankfein (yes, you to Rubin, hanging out quietly behind the scenes) is simply wrong and not in the best interests of the U.S.A.
Americans are starting to get it, I think (hope!). One thing about Americans is that if you bullshit and lie to them just a little too much, they will then turn vicious. I believe Americans have begun to recognize that they are being bullshitted as far as the improving economy, jobs picture, financial system overhaul. It's become to obvious of a "push" and CONfidence game....Obama's folks are playing a 3 card monte and the game is being exposed.
the people, will just not vote for his reelection, impeachment, I doubt it. the bankers will have him assasinated, if he betrays them, and he knows it. rahm is drooling at the prospect, of exploiting that crisis. marshal law, military action, diversion of current financial crisis. yes, there is a way to kick the can again.
Bingo, delacroix - see my post below.
I'm disturbed by his actions and non-actions, but I'm holding on to the little bit of hope that he has kept the enemies close for a reason.
Hey Deadhead, since Bob Weir, Phil Lesh and the Dead worked so hard to get Obama elected (how many benefit concerts did they give, anyway), do you feel any compulsion to change your Avitar? After all, Obama is a trained liar from the most preeminent liar training school on the planet (Harvard law school). Any Deadhead not completely blown out on drugs should have been able to see that this was exactly what we were going to get....
They are musicians not politicians. You should look a bit higher up the chain to start your blame game.
You are a Kiss fan I'll bet.
Americans are suckers for rhetoric. Obama (or Bush II) would have never been elected if they weren't.
Anyone who was paying attention at all would have known Obama's words were completely divorced from his deeds during the early primaries. But people prefer nice, soaring words to actual deeds. They excuse, justify, ignore, and distort the actual deeds (and any signals in the words that don't conform to their mental picture) in order to reinforce their good feelings about the candidate/office holder. It works in reverse, too. People who don't like a candidate/office holder tend to demonize her/him and ignore anything good the person does. That's why it's so easy for candidates and the media to manipulate the US population into believing any of the jokers the two-party system nominates. It's good cop/bad cop. And we seem to fall for it again and again. I have no faith whatsoever that we won't continue to do so.
Well said deadhead.
+1MM, so with your sentiments. We were conned. Again.
War = peace, down = up, lies = truth, Obama= change.
Sorry Ned, I wasn't conned. Until we get rid of whats effectively a "one party system" of 2 parties, its the same shit different guy.
Agreed. When you control both parties there is no chance for loss of power. 2 parties, divide and conquer. The oldest crowd control technique known to civilization. The same power group controls big media. Fair and unbiased reporting.
"We were conned. Again."
Speaking for yourself, Ned.
I was conned until Geithner and Gates were kept on board.
Deadhead,
Here's another way to say it:
http://www.youtube.com/watch?v=-KaMeqD6T0s
(F bombs galore)
Obama is an empty suit. I mean really who thinks he got where he is at purely on merit? Or that be believes anything he says?
I'm sorry I was busy looking at Soros standing behind him pulling some strings, and of course GS. If you want to try to influence Obama's decisions then you would be better served directing your correspondence to Lloyd Blankfein, Jamie Dimon, and George Soros. Funny how he continues George Bush's policies and only a change in rhetoric, even though he effectively ran against George Bush. Makes you wonder who is really running the show...
Soros got a nice quid pro quo with Indymac
Booyah!
i'm willing to bet a silver dollar that ol' georgie got played by the jazz singer routine as much as ol' man volker did. sorry these current policies do not reek of soros.
Ah, but can you think three steps ahead like Soros? Do you not think he has enough cash to "invest" in an elaborate headfake? The ultimate destroyer who had an epiphany? I don't buy it, never have.
deadhead,
Would love to do as you advise; however, I am a student of history (as well as ex-community organizer/senator/president). As such, I can spell LINCOLN, GARFIELD and KENNEDY. By the way, how "Old Hickory" ever stuck around to die of natural causes is beyond me....
As I said, I would love to help out, but do you see my predicament?
Your less than faithful public servant,
Barack
+1M - the "official" motives may widely vary, but crossing The Bankers is the common theme. Find a suitable stooge with a grudge, and make it happen.
Student of history: they tried to get Jackson but were unsuccessful.
oh HELL YES on all points, DH.
kudus on a fine, spot-the-F-on post, sir!
I gotta say, deadhead, that I really like your stuff - but in this case you are completely overlooking the fact that 'tennis-match' (teleprompter) O doesn't care. He reads speeches FED to him. That's all. What, you think this guy was really about change - you want a debate? Ask Charlie Sheen how that's working out for him. O is probably a great guy to have at a beer summit because I don't believe that escalating the warz, wire-tapping US citizens without a warrant, suspending habeus corpus, and keeping (increasing?) FEDerally-controlled troops on the streets are his ideas. We got the lesser of two evils we wanted and the Bush All-Star squad too. Do ya know what O decided to do for his first exectutive decision? It'll make you laugh:
http://www.archives.gov/federal-register/executive-orders/2009-obama.html
'Nope' - not, 'hope'. This freight-train of tyranny isn't going to be stopped by well-worded, thoughtful letters and phone calls to senators. You're not politically active by contacting your representatives and voting - you're just consenting. The tired argument that those that don't vote don't get to soapbox is offensive - the voters keep the charade going. It's a charade!
We have a corrupt community organizer-celebrity as Commander-in-Chief! What a comedy! And what a shame. The liberty system is busted. The longer it takes for 'free' Americans to realize it the worse it is going to get. That's as good as gold - history all over again - we already know the outcome.
Throw, not vote, the bums (squids) out. Our representational form of government is now a farce. Face the music. Being angry at O is like being angry at Tiger Woods.
Otherwise a great post!
Also strongly suggest to all to read Matt Taibbi's "Obama's Big Sellout" as linked above.
The message that I get from Obama's "criticisms" is that 'Bankstermania' will continue unabated for as long as possible up to the moment of systemic collapse.
The planned changes in the laws to allow the Executive branch and Fed to continue future bailouts in secret without congressional oversight pretty much gaurantees that result. With congress pretty much bought off anyway it almost seems redundant at this point... that's how seriously they take their ... errr... your money.
It will probably occur sooner than most think... Obama knows this and is ready to position himself as a populist once again to "attack" the same banksters he is now surrounded by and indeed a part of. Kind of like pre-empting a class action against your own defective products by initiating the class action suit yourself and settling with yourself in/out of court for peanuts I guess.
He has been absorbed by Squidco... they are one.
Next week Obama comes out and slams the law-breaking telecomms companies for helping BushCo indiscriminately spy on the American people...
Haha! Nice. That would be amazing. Some dumb**** junked you.
O owns all of this now. O-change = status quo.
Truer words rarely spoken in so few letters.
I voted for McCain only for one reason: What you see is what you get.
Obama? Now there's a set of moving goal posts.
"Pull out of Iraq", but add more in Afghanistan????
"Vote for change", but appoint Geithner et al to positions of power.
"Change you can believe in." Well, the change I've seen I never would have believed, but now I am forced to by seening the mess you've failed to stop. Yes, Bush policies kept the thing going, but it is now up to you to STOP the nonsense.
So far you haven't though. I'm extremely disappointed in you.
I'm curious what makes people think McCain would have been better? If his people thought Sara Palin was a viable VP, who would be a viable Sec Treasury?
Sorry but 08 was an election between two crap choices but unlike 2000 the lesser of the crap choices won.
I voted for McCain only for one reason: What you see is what you get.
What I saw in McCain was a guy named Phil Gramm. That scared me more than anything, but in retrospect it couldn't be any worse. At the end of the day it probably didn't matter, the puppetmasters rule.
I voted for Ron Paul. Yea I had to write his name in, and the vote prolly was never even counted but I didnt settle for the lesser of two evils. I voted for the right guy. No regrets.
To vote is to consent to be governed. Do not do that anymore. This game doesn't stop until people realize we are past the point of no return. Everyone, please Shrug.
Unless you're one of these guys. Cushy jobs report!
http://www.usatoday.com/news/washington/2009-12-10-federal-pay-salaries_...
I'm with you WaterWings since 2002 on voting and incrementally greater shrugging.
For a second I thought you said "hug".
lol
Hug, with an 'sh**' in front.
I don't agree. I will vote, and I will vote for Bugs Bunny. Not voting sends no message and moves nothing. Making it clear that we are out here, we are willing and able to understand the levers of democracy, and we find the current system a complete travesty is at least the beginnings of a movement for real change. The two-party system needs to die. It has grown senile, corrupt, and dangerous.
Two-party system! Good one! I need a Daffy Duck-hysterics laugh track right now. Democracy! Haha. More comedy! Keep it up! Once you've decided what's really going on in this country I'd love it if you signed up with a name and pic so we know it's 'happy hour' every time you post.
Senile! 1 !! !
Corrupt!
Dangerous.! !1
I can't even see my keyboard anymore because my eyes are so full of happy tears! Come back! Come back!
Yes, we have seen this tape:
"I did not have sex with that woman, Miss Lewinsky
This is disgusting. Repeat after me:
"Obama's war on the middle class"
"Wall Street owns the current administration and congress."
Pass this on to everyone you know and repeat it over and over again until it sinks in for people.
That quote from Obama made me throw up in my mouth.
I stopped listening to Bush speak very early in his presidency because I used to get an urge to vomit.
Obama makes me feel like vomiting and putting my fist through the television at the same time. He is sooooo one term............
soooo one term...... as in just like Bush
Americans who voted for him have been betrayed and they won't forget.
To the extent that they are paying attention, yes, but that is only 0.0001% of us.
Exactly, Ned...EXACTLY.
Granted, that number IS growing...but VERY slowly...maybe up to 0.0002% by now.
Many still lob conversational nuclear bombs ('racist', 'tea-bagger') at you for direct criticism at this point - and they are the least 'aware'. And most of the rest, using this comment on the WSJ story, demonstrate how little many WSJ readers actually know about their government:
For example, the founding fathers never intended for the executive branch to run the country - in fact, that would be one of the signs of the need to 'reset'.
They never intended for black people to have a full franchise either, but we got over that as well.
Actually I invite you to re-read the Constitution and decide for yourself whether or not the founding fathers discriminated against any other type of human being. Most subsequent legislature is redundant, like the 13th Amendment. In fact, after the 10th Amendment, there is little value in any other Amendment. It has been largely useless, and even repealed - thank you, Mr. Jack Daniel! - don't tell me what I can and cannot put into my organism - now that's freedom!
The problem is that the clarity of the imperfect Constitution has been selectively ignored - even right after it was ratified. But this is easy to predict - the upper classes rarely experience true 'due process'. If you want to bring up race issues, you might as well bring up gender, nativity, and real estate. Be creative - don't be one-sided.
Let's embrace reality - the truth is that less than 25 individuals/entities decide who the US president will be every four years. Sometimes when necessary we can even have great theatre (see Supreme Court decision in Bush/Gore election). It's been that way for quite a while and will only end with a Beatles song from the White Album (disc 2, track 8).......
my prediction - gets second term easily
It's called "I ambeing M ind F ucked" (oToolish ones).
LOL These are not the crooks you are looking for.....
Makes "W" look like a brain surgeon.
Larry Summers from earlier today on how Obama will persuade the bankers
video
http://www.abcnews.go.com/Video/playerIndex?id=9324177
text
http://www.abcnews.go.com/print?id=9323511
Obama: pretty please with sugar on top?
Bankers: Fuck you!!
Obama: just kiddin'....
With respect, I will amend the conversation:
Obama: Pretty please?
Bankers: Fuck you.
Obama: Rahm, what do you say?
Rahm: Fuck you Barry....do what they say
Summers is doing an Alexander Haig by declaring the recession over and conveniently ignoring the NBER. Larry claims that "everybody" now believes the recession is over.
Everybody? This is the smartest guy in the room?
What about the stimulus keeping unemployment at 8% or less? Now Larry claims that forecasters universally agree that employment will pick up in the spring; it is very clear what Summers is suggesting and he is simply playing the con game. what the phuck is with this guy?
and the uber left Ms HuffPo on why she doesn't like Summers (but she clearly is a big supporter of President Obama)
http://www.abcnews.go.com/Video/playerIndex?id=9324177
consider that ms. huff is playing a very astute game of political poker...and she & her buddy mr. O may be the last people at the table.
"i'm not a liberal, i just play one on the internets"
I think you have nailed it - she is one shrewd and calculating individual - serving Kool-Aid to her readers
I don't watch or listen to Glenn Beck, but recently I saw an MSNBC interview with Arianna Huffington where she basically said that what Glenn Beck does is shout fire in a crowded theater 'and we make exceptions for free speech for that'. She basically saying Glenn Beck should not be allowed to exercise his free speech.
When I watched her say that, I wanted to see someone put out her teeth.
and she shouts out stay calm, don't try to leave the burning bldg, the authorities will put the fire out. popcorn anyone
It's kabuki. It gets both the "left" and the "right" riled up and distracted from what's really going on.
In all seriousness - why during this video does Summers eyes keep looking to his left?? Any body language experts have an opinion?
http://www.articlesbase.com/self-improvement-articles/signs-of-lying-eye...
Signs of Lying Eyes # 2: Eyes Move Up and to the Left
http://www.blifaloo.com/info/lies_eyes.php
http://www.nlpu.com/Articles/artic14.htm
You saw that too...how about shaking his head -no- when saying what Obama is going to do. He looked and sounded like a hostile witness
Obama...Epic Truth Fail.I came here after seeing the story in the MSM....I was hoping to commiserate with The Enlightened.As usual, Zero Hedge did not disappoint.
Thank you Tyler et al.God, I love this site.
ZH should start taking out full page ads in the WSJ and NYT to refute officials whenever they lie in public like this. Count me in to donate for such a cause.
The president’s remarks about “fat cat bankers on Wall Street” so inflamed me that I was moved to write one of my strongest lines of invective, but, Tyler, after reading your comments, I’ve gotta say,“Thanks!” and I guess I’ll pass.
write it anyways JR....you have a gift for stringing words together.
Thanks, deadhead, and thanks for your excellent comments up above. I’m just content to watch from the deck as Tyler turns his sails into the wind and delivers the broadside.
I no longer refer to Obama as Mr President. He no longer warrants my respect. I judged him by his actions and now only refer to him as Mr Obama.
at this point, I'd drop the mister too.
... or Uncle Tombama.
Can someone please tell me when this whole scam is going to blowup and the whole economic system come crumbling down? Im tired of listening to all this crap. Put this dying economy out of its misery, Let all the Banks go bust and lets call it a day! I want to see Banker pain, agony and destruction.
We don't elect problem solvers, we elect politicians. And politicians PANDER! Mr. President you have some serious problems address them.
Obama's words are absolutely hollow. Does anyone believe what he says anymore? Check out this article which is a perfect example of Obama's hypocrisy... the Biz Journal requested emails from the FDIC and OTS and got nothing back except some blacked out emails. So much for government openness and transparency:
http://seattle.bizjournals.com/seattle/blog/2009/12/the_fight_for_wamu_d...
"On Wednesday, an OTS official told the Business Journal in an email: “After careful review, I have determined that your request, as it pertains to the above-referenced documents, is denied in full.”
The denial came a day after the Obama Administration announced an open-government directive to its agencies, including the U.S. Department of the Treasury, which oversees the OTS.
The White House press release said: “Today’s announcement will help to make government more open, transparent, and accountable to bridge the gap between the American people and their government."
What is incredibly funny is the Dems latest move towards a Transaction Tax....which taxes the Banks .....
This could not be further from the truth....
What it actually does is to grant the total market making function to the big banks .....which grants the big banks a wider spreads that are protected from all other competition.....
The banks now own the govt. guaranteed wider spreads and the banks are free to do as they please with.....
A guaranteed multi billion $ govt. protected revenue stream constructed solely for the large banks.....
RETAIL pays it all.....Gratus Brown, Pelosi, Harkin, and DeFazio.....Which in turn tell the public RETAIL it is a way to make the banks pay ..... when it does just the opposite ......
Anybody feel the insanity yet ?????
Tarp extended to 10/10.... = new all time highs in the SPX
the bid will not go away folks
It certainly begs the question, "Then exactly why did you run for President Mr. Obama"?
O is for orifice. I'm sure the bankers already know which one of Obama's is turned up for their pleasure.
Who should the public be mad at? The people who gave the bankers their money! Find out if your congressman or senator voted for TARP...
http://clerk.house.gov/evs/2008/roll681.xml
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...
Don't let the politicians distract you, and don't vote for them if they voted for TARP! Write them and tell them why you won't...
We're doomed.
I just hope cable TV is still working when the vicious and angry mob brimming with small arms and Molotovs burns Manhatten Island and Washington DC to the ground.
That will be a sight.
That's what they're empowering. One of the tenets of (my) Fight Club is: don't pick a fight with someone/thing you haven't chance against.
This is after the taxpayer has been 'tarped & feathered'!
ImHo sir, there if there is one absolute in this country it's that all politicians lie. Long live the United Banks of America. Can we move our Fight Club to another country soon? I find this one no longer suits me.