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Politics : Formerly About Advanced Micro Devices

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To: Mongo2116 who wrote (1050184)1/23/2018 6:31:14 PM
From: Broken_Clock  Read Replies (1) of 1574004
 
What Obama did worked...we recovered...it could have been worse...spend all that and fail


so you're one of the .0001% at the top?

That's who "recovered" under OBanker

On condition of anonymity,” Silverstein added, “one Washington lobbyist I spoke with was willing to point out the obvious: that big donors would not be helping out Obama if they didn’t see him as a ‘player.’ The lobbyist added: ‘What’s the dollar value of a starry-eyed idealist?’”

instead of standing up for those who had been harmed most by the crisis – workers, minorities, and the poor – Obama sided unequivocally with those who had caused the meltdown. “My administration is the only thing between you and the pitchforks,” Obama said. “You guys have an acute public relations problem that’s turning into a political problem. And I want to help…I’m not here to go after you. I’m protecting you…I’m going to shield you from congressional and public anger.” For the banking elite, who had destroyed untold millions of jobs, there was, as Suskind puts it, “Nothing to worry about. Whereas [President Franklin Delano] Roosevelt had [during the Great Depression] pushed for tough, viciously opposed reforms of Wall Street and famously said ‘I welcome their hate,’ Obama was saying ‘How can I help?’” As one leading banker told Suskind, “The sense of everyone after the meeting was relief. The president had us at a moment of real vulnerability. At that point, he could have ordered us to do just about anything and we would have rolled over. But he didn’t – he mostly wanted to help us out, to quell the mob.”

counterpunch.org
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