…Obama’s proposed solution—the American Recovery and Reinvestment Plan—will allocate hundreds of billions of dollars in public funds, the bulk of which will flow into the coffers of the very banks and corporations that reaped massive profits from the policies that precipitated the crash of 2008.
In a number of interviews leading up to Thursday’s speech, Obama made a point of stressing that in formulating his stimulus plan he had consulted Republican politicians and economists—that is, the very forces who have been the most ferocious advocates of the “free market” policies that contributed to the crisis…
The modus operandi of Obama’s speech mirrored that employed three months ago to rush through Congress the Troubled Assets Relief Program (TARP), which transferred $700 billion in taxpayer funds to the banks. Barry Grey
[read the rest at the WSWS, here]
Filed under: disaster capitalism, Economic Crisis ie. Disaster Capitalism, Fuck Obama, get to know a sellout, Neocons = Neolibs, Obama Cabinet, Obama™, war on the middle class Tagged: | barack obama, Blue dog Democrats, Noecons = Neolibs, obama economic policy, Obama stimulus plan is sht
When are they coming for our 401K and 457 accounts?
Before or after they loot the money out of our savings accounts?
Don’t laugh, this has already been discussed in DC.
The people who lost their lifetime savings would be given pieces of paper saying that the government would repay what they took in the future, when the manufactured crisis was over.
Except it will NEVER be over, not until they come, pry up and take away the kitchen sink.
This is the Change Obama promised. As in the only change you’ll have left is what’s in your pockets.
I think they want your change as well… they keep trying to sell their lottery tickets to the “Big Dance” everyday with some new BS from the Obama team… for as little as $5.00 you can get a chance to win! How pathetic… want us, in this economy, with that BS stimulus package rushing through congress, to pay for his 45 million dollar party for the bigwigs and the elites. Its fucking disgusting. DLC/NAFTA dems and there Reagan republican counterparts stole yet another election to keep pilfering the treasury and killing poor people all across the world, and millions of “progressives” keep counting down the days till Obamagod takes over. What a joke…
YOU KNOW, I think we’ed have gotten a better deal from Jesse Jackson, as the first black president. And you know Willy, I kinda like Big AL Sharpton. Hell as far as the first Black President, Louis Farakan Is pretty kool too. Ill take his ass any day over the big “O”. And I ain’t shitin ya at all…..Fuck Obama! And fuck his mother!
Jesse Jackson would look out for the people.. that is for sure and he wouldn’t be pushed into any corner by a bunch of rich bankers….. he’d be like a wild bob cat if anyone suggested the poor get poorer.