Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Rolling Stone's Matt Taibbi: Obama's Big Sellout

The always controversial but interesting Matt Taibi goes to the head of the US snake... no, not Goldman Sachs.  Obama himself.  (this is not a GOP or Dem rant - its a political power elite vs the rest of the country rant)

What’s taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy.

What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place
. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.