ROLAND MARTIN: Mr. President, TALK IS CHEAP To Bankers

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By Roland S. Martin


If you told me that I could take billions of dollars in bailout money from the government and shower myself and my comrades on Wall Street with $140 billion in bonuses and only get a tongue-lashing from the president and nothing more, I would want to know where to sign up.


President Barack Obama and his administration have undertaken their latest round of berating Wall Street for its bad ways.


On CBS’ “60 Minutes,” the president bristled at questions about helping the banks, saying, “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”


You didn’t, but you have. In your defense, this economy stinks, and the mess of the Troubled Asset Relief Program left by former President George W. Bush’s treasury secretary, Hank Paulson, didn’t solve anything; you and your administration have been trying to figure it out to no avail.


“The people on Wall Street still don’t get it,” a frustrated Obama said. “They’re still puzzled why is it that people are mad at the banks.”


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We knew that then, and we know it now. So, Mr. President, what are you prepared to do?


Let me be on the record as saying that unless the president, his administration and Congress go after Wall Street with gusto, not a damn thing will be accomplished by the chat between the president and the top Wall Street bankers. Let me be clear: NOTHING.


President Obama blasts Wall Street for fighting financial reform on Capitol Hill. Uh, Mr. President, that’s what it does! Does anyone with half a brain think that the people who screwed the country by putting us in this financial predicament actually want to see more oversight and regulation? No! So should it come as a shock that they will use their mighty lobbying dollars – no doubt coming as a result of the profits we helped them make by virtue of the bailout dollars – and try to scuttle any change in law?


Mr. President, enough is enough with the rhetoric. You didn’t like the approach of George W. “I’m gonna kick some ass” Bush. Well, on this one, sir, that’s exactly what we need. The American people don’t need Mr. Calm, Cool and Collected. We don’t need a measured response and tone. This is your moment to do what former President Ronald Reagan did to the air traffic controllers. He made it clear: Get back to work, or all of you are fired. They said, “Try it.” He did.They got canned. And everyone in Washington learned the lesson pretty quickly: “Don’t mess with Ronnie.”


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[uponit7771]

1. The admins trust that the banks KNOW what they're doing is Obama's achillies heel right now

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2. Surrounding himself with jackal advisors IS his achilles heel.

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3. K&R