Sometimes, I just become completely embarrased and yes, humiliated by the people that President Obama has chosen to represent his administration in his economic choices. President Obama had the opportunity to pick the best and brightest, the most exceptional economic cabinet in the history of our nation. He could have brought in a gathering of kind of a new kind of 'Manhattan Project' of amazing economic new blood, to include a divergent and diversity of real problem solvers based on the deep failures and corruption that the Bush Administration, now known in realistic terms, as the, Wrecking Crew, by requiting people like Simon Johnson, William K. Black, Elizabeth Warren, and others, to name but a few. I need not include the hundreds of other websites/experts that are all saying the same things, rather it be progressive or conservative...the message is the same:
We are on the road to yet another catastrophe, led by the 30 years of 'bleeding the trickle down Reagan/Clinton deregulation' that ruined our entire national structure....NAFTA, killing the manufacturing base, selling our jobs overseas, ruining any kind of 'protections' for what Elizabeth Warren dares to call...'the total destruction of the Middle Class.'
I mean, this is so embarrasing for a President who we all view as 'brilliant' and 'playing Zen chess game' when it is anything but that....now this week, we find the 'Court Fool'....Timothy Geithner giving us every single reason, how he should not only resign, but pretending that he was never 'part of the problem' to begin with.
We are a nation in deep, deep denial. That is a concrete certainty. Make no mistake about it.
We think that because Michael Steele and the 'Lesbian Bondage Show' which is nothing more than the new 'Natalee Holloway, Tiger Sex Show, Sarah Palin 24/7 News cycle' will not play out in the elections of 2010 and 2012 will keep us 'safe' as Geithner admits fully the 'very reasons' he should have resigned' are escaping the Republican 'War Room' is a fantasy that only you and others in the Democratic party are eating as the 'new extra tasty shit sandwiches' you are eating.
Let us, on Easter Weekend (the ultimate Friday news dump) take a look at these new 'shit sandwiches'..ok?
"What happened in our country should never happen again," he said. "People were paid for taking enormous risks. It was a crazy way to run a financial system." Geithner said, "It’s the government’s job ... to do a better job of restraining that kind of risk-taking."
Indeed ... too bad that Geithner and the boys are still encouraging that kind of risk-taking.
The real problem is the same for President Obama:
Where does he stand?
We do not know.
He will not stand up and tell us where he stands.
He will not stand up and fully support Elizabeth Warren and a full and Independent Consumer Protection Agency....
He refuses to stand up for a full accountability of the FRAUD that has taken place, in our nation and hold his Attorney General, Eric Holder, as Chris Dodd demanded, an accounting of Lehman Bros. and 'other parties that may have conducted similar criminal activities.'
President Obama in other words: Just exactly as he did on the Public Option for Health Care Reform:
REFUSES TO STAND UP FOR ANYTHING THAT WILL PROTECT AMERCICANS FROM FRAUD.
If you, reader, can show me how this is happening, please, I beg you, do so now.
We keep being told by Geithner/Bernanke that there was and is 'no other choice' but that is a lie. Tim Geithner told the Today Show that:
It’s "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans. Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis."As the president has said, we had to do some very unpopular things," Geithner said. "People looked at what had happened.""It’s not fair. It’s deeply unfair," he said. "He (Obama) had to decide whether he was going to act to fix it or stand back ... and that would have been calamitous for the American economy."
There are only a couple of minor inaccuracies in Geithner’s statements:
* The government hasn’t done anything to fix the economy
* Geithner’s entire approach is wrong, because the economy can’t recover until many of the "financial institutions that got taxpayer-paid bailouts [and] are emerging in better shape" are broken up
* The government has been anemic in addressing unemployment
Moreover, it is not like their approach fell on them and they couldn’t do anything about it. Geithner, Summers, Bernanke and the boys made a conscious decision to side with the oligarchy at the expense of the people.
As Simon Johnson and James Kwak write:
[There was a] point at which the government had to decide if it would defend the financial oligarchy from populist outrage, or whether it would reform the financial system that brought us the financial crisis and severe recession. We do not think it was an easy choice. But ultimately Obama and his advisers chose to bet on the bankers they knew. The result has been even larger banks and an even more concentrated financial sector.
http://www.nakedcapitalism.com/
And yes, I do realize that I may have 'used' too much of this article for those that would point out the 'rules' instead of the real point of my diary...but guess what?
I got permission....
But that is not the point of this diary...
The point of this diary is this:
Everyone in our entire country knows what is going on.
Does President Obama? He he that insulated? Does he not know what in the end it will cost him?
I want him to succeed. I want him to be the 'greatest President' since FDR....I want him to just understand if he reads this simple statement, that no one is being 'fooled' except for the fools around him:
Who was the one that was responsible for watching over that enormous risk-taking and crazy operation of the financial system?
Oh that would be Timmy Geithner, who was running the NY Federal Reserve Bank, the organization that both executes monetary policy and monitors every one of those "too big to fail" institutions that we had to bail out. So for Timmy's malfeasance, misfeasance or both - which he just admitted to on national television - he is promoted to Treasury Secretary?
If you're an Obama supporter, how do you defend not only the choice of Timmy for the job in the first place, but President Obama's continued "confidence and support" in the very man who has admitted that the financial system that he oversaw and was charged with monitoring was being run "in a crazy way"?
http://market-ticker.denninger.net/...
The most horrible facts are these:
Everyone now knows without a doubt who President Obama has chosen to fight this shallow and fraudulent corporate 'mafia cabal festering cancer' that is supporting his and the new Corporate take over of our nation...
Here is the latest horrifying reality how Goldman Sachs went from local American cities to Greece, and how President Obama is REFUSING TO acknowledge where he stands from Matt Taibbi:
My new article, "Looting Main Street," is out on newsstands in Rolling Stone. It’s about Jefferson County, Alabama, and how a group of Wall Street banks (in particular JP Morgan Chase) ran the Birmingham area into the ground with predatory interest rate swap deals.
If you’ve heard of the financial scandal in Greece, JeffCo is sort of an earlier version of that, though slightly different. As Christopher "Kit" Taylor, the former chairman of the Municipal Securities Rulemaking Board, put it to me: "[The banks] basically took what they were doing in places like Jefferson County and exported it overseas."
The broad story with municipal debt is that the incentives got out of whack for the banks, just like they had in the mortgage market, where commissions for doing safe, 30-year fixed loans fell to the point where they weren’t much of a moneymaker for brokers. And just as brokers reacted to the problem of low commissions by urging home-buyers into pricier variable-rate mortgages that inevitably had to be refinanced a few years down the line — bringing more fees to lenders, in a process called "churning’ — banks reacted to the low profit margins for normal, safe, long-term fixed municipal bonds by urging counties into riskier deals. They sold counties like Jefferson County on variable-rate and auction-rate bonds, and when the issuers’ debt service got too high, the banks pushed them into interest rate swaps to lower their variable-rate payments. This was just another form of "churning," only on a much bigger scale: you hooked towns and cities and counties and school systems on risky bond issues, then got them to come back down the road and enter into interest rate swaps to refinance their ballooning debt structure.
http://trueslant.com/...
Let us make no mistake about it: No more 'happy happy, ain't he the greatest Black President In America Diaries with 'Pictures' diaries' until we face up to the facts..............
OK people?
I love him too, but what I want him to do is to clean the fucking house out of his administration that will, in the end, ruin a great Presidency that dose not understand this great idiom:
You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
Abraham Lincoln
I happen to believe in this:
President Obama does not understand just how much people really believe in him; I do not think that he really understands the power he has gathered because of the deep failure of what 'Bush' did to our country. I do not believe that he had found his 'own voice' yet as Maya Angelo speaks of...
but if he does, and we force him to do so, as in 'make me do it'......then nothing will hold us or him down... So in this diary I remind him of who he is and what he has in the words of the great Maya Angelo:
Still I Rise
You may write me down in history
With your bitter, twisted lies,
You may trod me in the very dirt
But still, like dust, I'll rise.
Does my sassiness upset you?
Why are you beset with gloom?
'Cause I walk like I've got oil wells
Pumping in my living room.
Just like moons and like suns,
With the certainty of tides,
Just like hopes springing high,
Still I'll rise.
Did you want to see me broken?
Bowed head and lowered eyes?
Shoulders falling down like teardrops.
Weakened by my soulful cries.
Does my haughtiness offend you?
Don't you take it awful hard
'Cause I laugh like I've got gold mines
Diggin' in my own back yard.
You may shoot me with your words,
You may cut me with your eyes,
You may kill me with your hatefulness,
But still, like air, I'll rise.
Does my sexiness upset you?
Does it come as a surprise
That I dance like I've got diamonds
At the meeting of my thighs?
Out of the huts of history's shame
I rise
Up from a past that's rooted in pain
I rise
I'm a black ocean, leaping and wide,
Welling and swelling I bear in the tide.
Leaving behind nights of terror and fear
I rise
Into a daybreak that's wondrously clear
I rise
Bringing the gifts that my ancestors gave,
I am the dream and the hope of the slave.
I rise
I rise
I rise.
Maya Angelou
There is greatness inside of you President Obama, do not let him forget that about his soul............they do not 'own it'.......
President Obama's 'soul' belongs to the 'legions' of history and all the four fathers that graced you with protecting those that placed trust in our hearts...
These 'fools' that are spewing 'lies' that no one longer believes are dragging him down, making him, lay down with dogs with fleas....He still has this last time to 'rise up' as Maya Angelou reminds him.
Rise up, President Obama. Learn the valuable lesson you mother and grand parents taught you so well.
Be your own person, be true to the values of those that may in the future build a monument to you, for your final choice between morality and money in favor of the American middle class and especially the young people of the new and next generation of 'real Democrats' that believe in the most basic platforms of our sacred party......after all, President Obama, you called them out, you promised them a new day in the basic precepts of our party, you President Obama are directly responsible for gathering them as the new 'Leaders' who will either truly believe in your 'promises' or will, based on your failures to hold those promises as solid reality and action, as opposed to yet 'lies that only feed Wall Street over the rebuilding of our society' that will lead the next 'two generations' into apathy, or worse: a new 'reactionary' youth, that you, President Obama, lied to in the first place.
President Obama, what you do now...and the decisions you make about financial reform, are perhaps the most important decisions you will ever make:
The decision is this: Freedom and the future of the American growth of the lower and middle class who paid for the 'greatest fraud that sent our nation into the most illegal and criminal downward spiral in our nations history' ................versus............those that brought us to this place: Wall Street/The Banks/the Mortgage Lenders/the Paid off Regulators - none of which can be trusted and got paid and bribed...or now President Obama..........
It is time to choose. Your choice Mr. President will be your legacy. Your choice will be leading the Democratic Party and the young people who came to the polls for you to elect you as the new 'leaders' of our party' into a new day of 'Regaining the heart and soul' of the 'real' Democratic party.
Those would be the people that lived on rice and beans, potatoes and water, those that worked in the 'Mines'.....on the Docks, in the 'Factories' that were burned down...those that were beaten to death for standing up for a living wage........those that voted for you President Obama.......because they believed that all those words you spoke to them and their ancestors who died for their children, so that they could have a better life, and not be 'used as chattel' for the Wall Street/Bankers and Corporate Crooks who have thrown them out of their homes, their jobs, their dreams, that now Timothy Geithner has the nerve to call it so:
Unfair, when they made billions off of their criminal fraud and behavior.
Let's make him do it.
The real problem is this: President Obama wants it both ways: He sends his 'lackeys' out to spin the crap ol la la... that no one believes, while he refuses to stand up and make clear what he really stands for...........
Thereby, we are left to do nothing more than 'speculate'.....'guess' and hope for the best........
That is not leadership........that is what my dad used to call:
BULLSHIT.
We are the change, he told us so, but frankly, I don't know what the hell his agenda is, because he will not step up and tell us.
Thanks.