That's the question, is Obama trying to restore the old guard?
The old guard being the financial elite that got the world into this financial crisis to start with.
The truth about Tim Geithner
Is the U.S. a corporate state run and controlled by the same financial elite? Is that what you want?
Why not try A New Way Forward
Obama isn't just "trying to restore the old guard." He's already appointed quite a few establishment people from the Clinton administration. But that may not be all bad. Under Clinton we weren't at war and the budget was balanced, and we weren't looking into a bottomless economic abyss. (And the stock market went up!)
And Clinton is a goodly part of the reason the stock market is going down now;)
Well, it's true that Glass Steagall was repealed on his watch via a bill sponsored by the infamous GOP apostle of deregulation with the support of none other than former Goldman CEO Robert Rubin and his pull toy Larry Summers. Clinton deserves part of the blame for our cratered economy, but Bush and the GOP deserve more, in my opinion.
They just ran with the ball handed to them. Take it back a little further to the actor and then a little further to the gold standard. Obama is just running with the same ball. Even if (unlikely) the stock market doubles with all the trillions poured in - your dollar will be worth half what it was.........
Who told you it was destroyed?
And until you understand that not only financial elite, but everybody is responsible for this, we will keep falling...
Hey RK, if you get nasty on my old friends, I may as well get nasty on you
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