Tuesday, December 15, 2009

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http://www.globalresearch.ca/index.php?context=va&aid=16488

Obama's Big Sellout

The president has packed his economic team with Wall Street insiders

...........The point is that an economic team made up exclusively of callous millionaire-assholes has absolutely zero interest in reforming the gamed system that made them rich in the first place. "You can't expect these people to do anything other than protect Wall Street," says Rep. Cliff Stearns, a Republican from Florida. That thinking was clear from Obama's first address to Congress, when he stressed the importance of getting Americans to borrow like crazy again. "Credit is the lifeblood of the economy," he declared, pledging "the full force of the federal government to ensure that the major banks that Americans depend on have enough confidence and enough money."

A president elected on a platform of change was announcing, in so many words, that he planned to change nothing fundamental when it came to the economy. Rather than doing what FDR had done during the Great Depression and institute stringent new rules to curb financial abuses, Obama planned to institutionalize the policy, firmly established during the Bush years, of keeping a few megafirms rich at the expense of everyone else..............

Read the rest of this great article by Matt Taibbi to learn more about how Obama has installed the very people who brought this country to the edge of collapse into all the key positions of power regarding how this economy is ultimately run. Clearly they are showing that they will be doing all they can to preserve the mass casino they built which has worked so effectively at transfering obscene amounts of wealth from the poorer classes to the rich.

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