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  • Missing_Link: 
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  I for one welcome our new corrupt evil banker overlords.

  May 24 07:49 PM | Link | Reply
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  • wheelbarrel...: 
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  I guess you know the greed and corruption is painfully obvious to almost everyone when Rolling Stone notices that GS is the new controlling entity of the USA

  May 24 10:02 PM | Link | Reply
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  • Windsun33: 
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  "In my mind this officially ends the Obama honeymoon..."
  
  It took him about 6 weeks longer than me. A few weeks ago it started seeming more and more obvious just how naive Obama is about economics and finance. Though I started to have misgivings earlier, when he jumped onto the populist bandwagon of bashing "evil corporations" and other populist (campaign mode) crap.
  
  At this point I have pretty much decided that "Change you can believe in" will not come in this presidential cycle - just more of the same, only more expensive, and with debt extending as far as the event horizon.

  May 24 11:23 PM | Link | Reply
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  • Alan Young: 
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  •  • Instablog (21)
  I, too, am disappointed that Obama has succumbed to GS. However, I'm not sure it's because he is "naïve." Perhaps he's the realistic one here. Consider:
  —no matter what the political agenda is, someone makes a profit. This is, after all, Amerika.
  —trying to dislodge the profiteering is what a naïve idealist would do; a realist takes it as a given that can't be changed. Therefore...
  —trying to stop GS from soaking the taxpayer is not on the agenda. The stimulus package to make taxpayers solvent again, developing renewable energy so we can escape the stranglehold of the oil exporting cartel, and getting climate change under control are (possibly) doable, so they are the agenda. He's trying not to be distracted by banking issues, since he essentially can't do anything about them.
  
  Now I know a lot of posters here disagree with Obama's agenda. But "returning control of the US Treasury to taxpayers" was not on it, so his failure to do that doesn't mean that he's naïve. It could be just the opposite.
  Of course, it's an epic tragedy that giving control of the government back to the people is so far out of reach that even the transformational figure of Obama can't even touch it. But that's the world we've been living in for 10-15 years now.

  May 25 12:19 AM | Link | Reply
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  • derryl: 
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  Alan Young wrote, "trying to stop GS from soaking the taxpayer is not on the agenda. The stimulus package to make taxpayers solvent again, developing renewable energy so we can escape the stranglehold of the oil exporting cartel, and getting climate change under control are (possibly) doable, so they are the agenda. He's trying not to be distracted by banking issues, since he essentially can't do anything about them."
  
  Alan, if Obama can magically develop some kind of renewable energy that is capable of replacing oil in the near term, and if Obama is able to control the weather ('control climate change') whereas King Canute was not even able to stop the tides, how is it that he is incapable of reigning in the sociopathic powerlust of a few mere humans from Goldman Sachs?

  May 25 02:20 AM | Link | Reply
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  • DW Reid: 
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  Conventional politicians like Obama (I voted for him but knew he wasn't nearly radical enough) always maintains the status quo. The status quo gets them elected and keeps them in office. My years on Wall Street taught me one thing: politicians call Wall Street honchos, not the other way around, for permission to do things.

  May 25 08:40 AM | Link | Reply
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  • Sober Realist: 
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  You could not have stated it better.
  
  
  On May 25 02:20 AM derryl wrote:
  
  > Alan Young wrote, "trying to stop GS from soaking the taxpayer is
  > not on the agenda. The stimulus package to make taxpayers solvent
  > again, developing renewable energy so we can escape the stranglehold
  > of the oil exporting cartel, and getting climate change under control
  > are (possibly) doable, so they are the agenda. He's trying not to
  > be distracted by banking issues, since he essentially can't do anything
  > about them."
  >
  > Alan, if Obama can magically develop some kind of renewable energy
  > that is capable of replacing oil in the near term, and if Obama is
  > able to control the weather ('control climate change') whereas King
  > Canute was not even able to stop the tides, how is it that he is
  > incapable of reigning in the sociopathic powerlust of a few mere
  > humans from Goldman Sachs?

  May 25 11:43 AM | Link | Reply
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  • George Fiala: 
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  Maybe it's ok - America will destroy faster and we can start working for the Chinese and rebalance the world economy.

  May 25 03:13 PM | Link | Reply
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  • rocco69: 
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  Even more disgusting is that we invade and occupy so called terrorist states to protect GS and other corporate occupiers that have taken over and control the nation for their own interest.

  May 25 06:02 PM | Link | Reply
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  • George Fiala: 
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  This is what Smedley Butler said in the 1930's when he quit the marines....
  
  
  On May 25 06:02 PM rocco69 wrote:
  
  > Even more disgusting is that we invade and occupy so called terrorist
  > states to protect GS and other corporate occupiers that have taken
  > over and control the nation for their own interest.

  May 26 01:13 AM | Link | Reply
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  • Philip Gvinter: 
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  I agree with the disapointment in Obama's handling of the banking crisis. Where I disagree is the possibility of McCain having been any better. It was clear that this lack of action would have been the course under McCain. There was hope that Obama would be different. The appointment of Larry Summers cast a dark shadow over that hope and the reality of the administrations actions thus far has killed said hope.
  
  
  On May 24 08:52 PM You're Kidding wrote:
  
  > I am deeply saddened by what Obama is doing, or rather not doing.
  >
  >
  > I voted for the guy; I like him. But, he is beginning to seem extraordinarily
  > naive and completely hypnotized by the bankers.
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  > Knowing what I know now, and even with the good things he is trying
  > to do, if I had it to do over again, I probably would vote for McCain,
  > simply on the thin possibility that he might have handled the bankers
  > differently.
  >
  > It doesn't appear anything systemic is going to change in the financial
  > sector, not really.
  >
  > How sad for our economy and our country.

  Jun 25 12:15 PM | Link | Reply