One Day at a Time Jun 28, 2012 at 4:00 am

The Week in Review



"...Wall Street firms earned more in the first two-and-a-half-years of Obama's presidency than they did in the eight years of the Bush administration—thanks to, according to the Washington Post notes, "government policies that helped the financial sector avert collapse and then gave financial firms huge benefits." So you'd think the bastards would be supporting Obama, right? Wrong!..."

Maybe it's because they realize (unlike a lot of people, apparently) that the Wall Street bail out was BUSH'S baby, not Obama's (was bully-pulpited and signed by Bush). All Obama did was attach STRINGS (government oversight and the threat of taxpayer ownership in case of default, which spurred recipients to PAY BACK the taxpayer loans as quickly as they could. ALL of them to date) and push through landmark reforms and a new consumer protection agency policing the financial sector.

The bastards may be making record profits under Obama (contradicting the B.S. that Obama is "anti-business") but imagine how much MORE they could make under a deregulating Republican? Hell, Bush's bail-out would have been the largest transfer (theft) of taxpayer funds to the private sector since the Savings and Loan bail-out if not for Obama's meddling.

Please wait...

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