Originally posted by: BarrySotero
Originally posted by: chess9
Obama doesn't have to do a thing to kill capitalism. The Wall Street Burglars, Hedge Fund Manglers, and Real Estate Typhoon Baboons have almost done that themselves. If Obama did nothing the system would have completely collapsed.
So, the OP's premise is nonsense, while Colin Powell makes sense as usual. Congress shouldn't be doing healthcare reform now. We can't afford it because we gave all the money to the aforesaid Wall Street Burglars, et al. And when the states all go bankrupt, and stop paying unemployment compensation, and we have starving children begging for food like some third world country then Americans might be more interested in real change.
-Robert
You have failed to realize that Obama was/is Wall Street's (and Goldman Sachs) man (Soros owns him too). Obama and Goldman are poised to rape the public together with cap and charade.
From Matt Taibbi 's excellent article about Goldman in Rollingstone:
"Fast-forward to today. It's early June in Washington, D.C. Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs ? its employees paid some $981,000 to his campaign ? sits in the White House. Having seamlessly navigated the political minefield of the bailout era, Goldman is once again back to its old business, scouting out loopholes in a new government-created market with the aid of a new set of alumni occupying key government jobs.
Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm's co-head of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits ? a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance."
http://www.rollingstone.com/po..._bubble_machine/print#
That's a very good article, for the most part, but no one on Wall Street or in government thinks derivatives are going anywhere. Obama's green credits might become a market, they might not. There's too much invested in derivatives to believe carbon credits are going to be the next savior of the Wall Street Burglars.
Yes, our government is the best money can buy. Are you in favor of campaign finance reform? I didn't think so. This is what you get when you let the rich buy politicians-they buy ALL of them. Nothing new there. Did you really think Obama was not going to kiss the lobbyist's and his donor's asses?
-Robert