The Dow is swinging wildly–down as much as 980 points within the last hour–largely due to insecurity about the situation in Greece and shaky retail sales. And according to Brad DeLong, who is generally pretty tight with the White House, Obama will come out in opposition to Audit the Fed this afternoon.
At a time when confidence in the markets desperately needs shoring up, the President should be looking to instill confidence in investors by supporting accountability and transparency within the financial system — not acting to shield the banks. [link]Obama has catered to thieves and liars. Obama has bowed down to moneyed interests. Is there a single principle that Obama has not betrayed?
Not only has he chosen to follow Bush's murdering steps, Obama now makes jokes about killing people, just like Bush. The similarities are adding up ...
I don't find that a Democrat who acts like a ReThug is any improvement over a ReThug.
Really, at least Bush could not destroy Social Security while he was in office. He must be laughing his guts out now that Obama plans to accomplish what Bush couldn't. As far as Social Security and Medicare we would have been better off with McCain as President and the Congress in Democratic hands. As it is Obama has ruined the chances of many Democrats. If one could conceive of the ReThugs having the smarts and/or Obama having the 'audacity' one could almost imagine Obama being a pre-planned Trojan Horse working for the Republican/Corporate Party.