It is becoming abundantly clear that Barack Obama is going to pursue the same centrist pro-Wall Street policies as did Bill Clinton, and Clinton's big money contributors.
Dylan Ratigan, the host of "Fast Money," is one of the few voices of taxpayer outrage on CNBC. Today he interviewed Obama economic advisor Laura Tyson. Keep yourself away from objects that you might be able to hurl at your computer screen, because it will be hard to restrain yourself.
Here's the link
[If someone knows how to embed the video, feel free to do so or let me know how]
A few "highlights":
- It's not appropriate to think of this as coming out of the taxpayer's hide.
- The interests of Wall Street and Main Street are one (Main Street should be glad we are bailing out Wall Street)
- This isn't a bailout, it's an effort to "restore normalcy"
- Nobody was at fault. "There was a system". It's a mistake to look at individuals and assign blame
- There's plenty of time in the future to piece together how we got here. So the focus shouldn't be on individuals and their past compensation.
In other words, there will never, ever, ever be an attempt to hold anyone accountable. Certainly not Bob Rubin and his $100 Million bonus for creating fictitious capital, now vaporized, at Citi.
Taxpayers are to fork over the money, sit down, and shut up.