Can You Trust That Slimy Crew Around Obama To REALLY Take On Wall Street?

[FLAprogressive]

So many people-- and everywhere in the world-- had so much hope for Barack Obama, who, after all, had sold himself as the candidate of hope, not just here, but everywhere. Sharp observers, though, noted that his first high level appointment, sleazy political hack (and Wall Street insider) Rahm Emanuel as his Chief of Staff, could only result in a quick end to any hopes for change. He followed up with fellow Wall Street shills Lawrence Summers and Tim Geithner. Are they as bad as Republican appointments? Emanuel and Summers certainly are. Geithner's defenders call him a "technocrat" who isn't really corrupt. Thank Heaven for small favors-- even if the results are the same. Obama needs to shed this crap-- and fast-- if he's going to be able to start regaining any kind of political momentum and credibility.

Yesterday he came on all populist-- despite having ridden into the White House on $42,326,380 in campaign contributions (the most of any candidate in history) from the Finance/Insurance/Real Estate sector, which preferred him over McCain ($33,424,521) and Hillary Clinton ($29,787,616). Can we expect Obama and his Wall Street posse to act in the nation's best interests against the banksters when he's consumed with a tough re-election campaign and the money it will cost to run it?

READ MORE: http://downwithtyranny.blogspot.com/2010/01/can-you-trust-that-slimy-crew-around.html

[no limit]

1. You honestly believe the finance industry prefered Obama over McCain

lol

[FLAprogressive]

8. the person who wrote the article does.

The way Dems are acting I have to believe that it's possible.

[no limit]

9. You can gather a lot of things based on how the dems act today.

But that the industry prefers Obama over President Palin probably isn't one of them.

[Romulox]

12. They gave Obama more money than McCain. So yep. nt

[no limit]

13. Yeah, clearly thats the only explaination

if you see an oncoming train do you stand in its way or do you jump onboard?

[JackRiddler]

14. Are you kidding?

At best, to the finance industry it's no difference.

Will it be Goldman-Paulson or Goldman-Rubin?

Bernanke or Bernanke?

A powerless SEC and toothless "reform," or a powerless SEC and toothless "reform"?

Will the Treasury Sec'y from be a "Republican" or a "Democratic" board member of the Federal Reserve?

Could McCain have done better for AIG's counterparties than paying them 100 percent for their bad bets?

These are obviously very tough choices for Goldman, JPM and the rest!

Quick, to which party has Goldman Sachs directed more of its political contributions in the last two decades?

Want to tally up who "deregulated" banks (capitulated to their lobbyists in a way that invited them to engage in the maximum possible fraud) more, Clinton or Bush? (Rhetorical, but if you insist: both did all they could in this regard. Clinton made the bigger steps by signing on to the Glass-Steagal repeal, and then Bush made whatever steps were still left to make.)

And during the crisis did I see Obama on one end of the cabinet table around Bush, nodding yes to the capitulation deal, and McCain doing the same on the other end of the same table? Oh yes I did!

[sabrina 1]

16. It seems that way. Obama received more

money from them than McCain did.

[ThomCat]

17. Yes. Wall Street always prospers more under Dems.

Dems are the ones who have been responsible for most of the deregulation of the Financial industry. Dems are the ones who have received the most money in contributions both currently, and in recent decades from the finance industry.

It is no coincidence that the Finance industry has been showering Obama with money from the very beginning. This isn't just them jumping on a successful train. They helped make this train successful because they knew it was running on their tracks.

They knew Obama was going to put their people in charge of the treasury. Something like that doesn't happen coincidentally, or accidentally.

Yes, the finance industry preferred Obama over McCain.

If you think otherwise, it is because you hate the finance industry, hate McCain, and you are engaging is lazy thinking, assuming that the two things you hate must have really gone together somehow despite all evidence.

[TxRider]

2. If he wants to get re-elected he will.

[Tierra_y_Libertad]

3. About as much as I'd trust Tony Soprano to go after the Mafia. K&R

[NoFace]

4. Why doesn't he just commit 'political suicide' and bite the corporate hand that fed him???

Y'know... accept their money, get elected and then take one for the country and screw his Corporate Masters till their beady little eyes pop out.

[TxRider]

5. And it's not just Obama doing it.

Tories back Obama banking crackdown

http://www.independent.co.uk/news/uk/politics/tories-back-obama-banking-crackdown-1875767.html

[Bitwit1234]

6. HE SURE PICKED A SLIMY CREW

I don't care what anybody says. Rahm was chomping away to get his hands to approve all he has done. He has led Obama down the royal screw you path and Obama like the passive Democrats in the Senate has just bowed down and took it. He's not the guy we voted for I can tell you that. He still talks a good game, and gives a good speech, but that's all he does. He is all talk and no substance. We found that out.

[cali]

7. start where you are and for fuck's sake support a crack down

on the financial services industry. Doesn't mean you have to trust anyone. You can support it with your eyes wide open.

or you can just bitch, bitch, bitch.

[OHdem10]

10. Did you not see the Power Shift. Volker is up and Geitner is down

Volker is one of the most trusted, and an ex Fed. Reserve,Chm
Another respected Fiancial Adv from past GOP administration.
Reagan? or Bush I.

[Jennicut]

11. Biden and Axelrod are the ones who pushed for Obama to listen to Volcker

I hope Obama knows who to go to for advice from now on. No more Timmy and Summers.

[fascisthunter]

15. actually, no I don't

in this case I would I was wrong, but I see nothing to support such an action from this administration.