I agree that Obama would be a superior President to Ron Paul in many areas, but not in economics. I think Ron Paul understands economics (monetary and fiscal policy) far better than Obama. Obama relies too much on an economic team that is in bed with Wall Street. These guys are not interested in the 99%. They are only interested in looking out for their friends on Wall Street. Larry Summers to me is Dick Cheney in different clothing. Cheney was an oil man and did whatever it took to enrich his buddies, including starting an unnecessary war in Iraq. Do you remember the close room meeting Cheney had with the CEOs of all the major oil companies, when they talked about how to secure Iraqi and Middle East oil supplies? Summers is a Wall Street man who has done whatever it took to bailout and enrich his buddies, including stifling derivatives and other essential regulation in their financial industry. Do you remember the meeting Summers was in with the heads of the 13 largest banks, when they called the head of the CFTC to tell her to back off from her crusade to regulate derivatives and were successful in stifling her efforts? Dick Cheney and Larry Summers are cut from the same cloth. They both hate the 99%. Bush was in bed with Cheney and Obama is in bed with Larry Summers. That's bad news.
I'm sick of these crony capitalists. They are destroying our country and giving free markets a bad name.
P.S. That last point is particularly destructive, because in practicing laissez faire capitalism, these guys are making the 99% turn against free markets in general. I've already seen that on this thread. If we turn to socialism or continue with massive centralized economic planning and setting of prices, then we will destroy the free markets in this country, which is what made us great. Laissez faire is bad, I agree. But so too is Socialism and Centrally Planned Economies. However, properly regulated, free markets are what made us all a wealthy country. We need to move back to the Centrists idea of free markets that regulate everything to make it transparent and a level playing field, including in the derivatives markets. But we also need to prosecute and put in jail all the criminal banksters who used the GOP's Laissez Faire policies as cover for their criminal acts. Obama's failure here is one of the key destabilizing forces in the economy right now. Business won't invest until they understand what the rules of the game are and that those rules will be enforced. Right now, no one knows what the rules are and whatever rules are on the books are not being enforced. It's a major disaster. |
