William Black: "If The Obama Administration Continues This Way, It's Going To Have A Record Disaster At The Mid-term Elections"

In this must watch Real News Network interview with William Black, the outspoken critic of all that is wrong and broken with the current system spares no words to once again denounce the (purposeful) ineffectiveness of the administration, and rightfully predicts that with Obama's current track record of inactivity in dealing with the corruption and criminality at the nexus of finance and politics, there will be a massive loss for Democrats at the upcoming mid-term elections. In Black's words: "We knew as soon as we saw Summers and Geithner that the finance side of the administration would be a disaster, but we hoped that political side would be preeminent and say a) this is substantively wrong to continue get in bed with finance and b) it's terrible politics. The democratic party will be crushed if it does this. The political side has failed to get involved. This is one of those rare things where doing the right thing is really good politics, so support candidates that will actually do the right thing. And if the Obama administration continues this way, it's going to have a record disaster at the mid-term elections. There's going to be a massive loss of democratic seats."

Everyone should ask themselves the same rhetorical question that forms the basis of Black's conclusion: "What would it take if the greatest economic catastrophe in 80 years, if an epidemic of fraud by your top elites, if the corruption of your most senior professionals, in accounting, law, appraisal, rating agencies, isn't enough to make you fundamentally reconsider and say we are headed along a disastrous path. What will it take, because the next big one will be even worse."

Full five part interview below:

Part 1:

Part 2:

Part 3:

Part 4:

Part 5:

h/t Ian

Comments

[tinfoilhat]

The thing that is most amusing by this series of videos is Bill Black's incredulity that Obama has done nothing to fix the financial system or prosecute the guilty.  Wall Street donated to Obama 5:1 over McCain, then crashed the market to make sure their guy got elected.  What did anyone seriously *think* Obama was going to do?

Seriously though, "honest" liberals who think Democrat politicians care about the common man are just about as annoying as "honest" conservatives who think Republican politicians care about God and Country.

[G. Marx]

Amen brother.

[No More Bubbles]

It's astounding that all the stuff that went on in the last 2 bubbles is so obviously fraudulent, yet, all the same exact clowns who allowed it (actually encouraged and helped it) to get to such extremes were actually promoted and are now in charge of how the world proceeds from here.

If people can't see that we are TOTALLY FUC*ED, than you truly need your head examined......

[mark456]

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