Weekly YouTube Address

It’s kind of hard to take him at face value while Summers and Geithner are working so hard to ensure that Wall Street investors are protected at the expense of the overall good of the nation.

Basically they’ve ruled out nationalization and have stated that they’re committed to propping up Wall Street.There’s more by people smarter than me here and here.I think Daniel De Groot sums it up best in the second link:

Geithner is appealing to some classic market 101 maxims here in preferring private ownership, yet his plan seems to be one in which investors suffer no consequences for their risked money and poorly run institutions are rewarded by having government buy up their mistakes at inflated price, favouring crummy banks over well managed institutions which are not laden with shitpile.I must have missed that chapter in Atlas Shrugged.

Obama’s bizarre insistence on winning the hearts and minds of the people who brought about this gilded age is dragging down the entire effort to fix the fundamental problems with our current economy. Obama should, in no uncertain terms, be an explicit enemy of these robber barons. Not their lunch date.

Good points Travis. Food for thought.

Obama should, in no uncertain terms, be an explicit enemy of these robber barons. Not their lunch date.

I agree.