You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

MarketWatch: Obama vs. Goldman's Reaganomics [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 11:31 AM
Original message
MarketWatch: Obama vs. Goldman's Reaganomics
Advertisements [?]
April 20, 2010, 2:59 a.m. EDT

Clash of the Titans: Obama vs. Goldman's Reaganomics
Commentary: Release the Kraken, kill Dodd's reforms, set up Wall Street Meltdown 2012

By Paul B. Farrell, MarketWatch

ARROYO GRANDE, Calif. (MarketWatch) -- Ancient stories oft retold: Blame the mythic gods for today's political crisis, for Wall Street's 2008 meltdown, America's $23.7 trillion new debt, for Beck, Palin, the Tea party, and now for Goldman and the resurgence of Reaganomics ... Yes, the Kraken was released, ravaging American politics.

Since time immemorial humans have seen their struggles as endless battles between the gods, Zeus and Hades, good vs. evil, the forces of Heaven battling the Underworld. ... so we blame Zeus ... or his arch-enemy Hades for releasing the Kraken, the deadly evil monster that devours good ... yes, blame the gods, yes, "the devil made me do it!"

Backflash: To that crucial moment, election time 2008 ... when Wall Street's near-death experience opened the Gates of Hell, beckoning Wall Street's too-sinful-to-save bankers ... Hades, ruler of the Evil Underworld, counter-attacked ... first releasing his Trojan Horse, the Treasury Secretary, to save his dark legions from certain destruction ... Henry Paulson kept Hades' warriors alive ... but Zeus feared Hades was preparing for a bigger catastrophe on earth, created a new Perseus, his son, the hero who must finally defeat Hades and his dark warriors ... for that role Zeus cast Barack Obama. But remember, Perseus is half-human, may be no match Hades' ultimate WMD, The Kraken.

Flash forward: Elections 2010 ... the eternal battle rages on Earth, growing louder, more violent ... The Kraken, reborn as Goldman and the too-political-to-fail Wall Street Greed Machine was winning many battles ... concessions on derivatives and fiduciary regulations, disclosures, on the CFPA ... yes, the Kraken returned from the Darkness, more powerful, thanks to a raid on Treasury. ......(more)

The complete piece is at:

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC