The Players..
Geithner
Treasury Secretary Timothy Geithner in this up to his eye balls. A Rubinite since the Clinton Administration
SUMMERS
As director of the NEC, meanwhile, Obama installed economic czar Larry Summers, who had served as Rubin's protégé at Treasury. Larry Summers, was paid more than $5.2 million in 2008 alone as a managing director of the hedge fund D.E. Shaw, and pocketed an additional $2.7 million in speaking fees from a smorgasbord of future bailout recipients, including Goldman Sachs and Citigroup.
RUBIN
Despite being perhaps more responsible for last year's crash than any other single living person — his colossally stupid decisions at both the highest levels of government and the management of a private financial superpower make him unique — Rubin was the man Barack Obama chose to build his White House around.
http://www.rollingstone.com/...
This Rolling Stone article by MATT Taibbi is perhaps the best article written on what happened to the promised CHANGE in America.
If you have not read it... Please.. The truth will set you free.
http://www.rollingstone.com/...
The Administration has sent the progressives packing into a Siberian wasteland. The people that got Obama into the White House, by making calls, knocking doors, and talking to anyone that would listen are the same people who have to pick up the bill for all the bail outs, and give aways. And it leads to Bob Rubin.
This Clinton hold over has screwed up more times than Napolitano has excuses. He is a true LIMOUSINE Democrat.
While Rubin's allies and acolytes got all the important jobs in the Obama administration, the academics and progressives got banished to semi-meaningless, even comical roles. Kornbluh was rewarded for being the chief policy architect of Obama's meteoric rise by being outfitted with a pith helmet and booted across the ocean to Paris, where she now serves as America's never-again-to-be-seen-on-TV ambassador to the Organization for Economic Cooperation and Development. Goolsbee, meanwhile, was appointed as staff director of the President's Economic Recovery Advisory Board, a kind of dumping ground for Wall Street critics who had assisted Obama during the campaign; one top Democrat calls the panel "Siberia."
So while we all sit here enjoyimng that exstension on our unemployment and watching the Democrat Senate bleed us dry with Harry Reids Managers Memo that attaches special interest money to Louisianna and Nebraska. Bob Rubin enjoys the Millions he has made with Citi Group and his pals are all secure in their jobs at the Obama Administration..
Damn , THAT IS change we can believe in.
The significance of all of these appointments isn't that the Wall Street types are now in a position to provide direct favors to their former employers. It's that, with one or two exceptions, they collectively offer a microcosm of what the Democratic Party has come to stand for in the 21st century. Virtually all of the Rubinites brought in to manage the economy under Obama share the same fundamental political philosophy carefully articulated for years by the Hamilton Project: Expand the safety net to protect the poor, but let Wall Street do whatever it wants. "Bob Rubin, these guys, they're classic limousine liberals," says David Sirota, a former Democratic strategist. "These are basically people who have made shitloads of money in the speculative economy, but they want to call themselves good Democrats because they're willing to give a little more to the poor. That's the model for this Democratic Party: Let the rich do their thing, but give a fraction more to everyone else."
The Democrat Party has been taken over by BOB Rubin and his friends at CitiBank.
So on November 23rd, 2008, a deal is announced in which the government will bail out Rubin's messes at Citigroup with a massive buffet of taxpayer-funded cash and guarantees. It is a terrible deal for the government, almost universally panned by all serious economists, an outrage to anyone who pays taxes. Under the deal, the bank gets $20 billion in cash, on top of the $25 billion it had already received just weeks before as part of the Troubled Asset Relief Program. But that's just the appetizer. The government also agrees to charge taxpayers for up to $277 billion in losses on troubled Citi assets, many of them those toxic CDOs that Rubin had pushed Citi to invest in. No Citi executives are replaced, and few restrictions are placed on their compensation. It's the sweetheart deal of the century, putting generations of working-stiff taxpayers on the hook to pay off Bob Rubin's fuck-up-rich tenure at Citi. "If you had any doubts at all about the primacy of Wall Street over Main Street," former labor secretary Robert Reich declares when the bailout is announced, "your doubts should be laid to rest."http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/2
All I want to know is.... Where did my Democratic Party Go?