Obama’s Great Lie: What’s Good for Wall Street Felons is Good for America


New Economic Perspectives has the article Obama’s Great Lie: What’s Good for Wall Street Felons is Good for America.

 A president who has a good case to make on the merits of his economic policies can make that case to the public with all the advantages of his office.  Obama would have gained immense “political capital” if he had led a vigorous claim to hold the Wall Street frauds personally accountable for their crimes and he would have discredited the source of much of his future opposition.  A president who allows elite CEOs to grow wealthy through fraud and even wealthier through a public bailout will – and should – squander his political capital.

Obama admitted to Sorkin, that he chose the strategy of allying himself with Wall Street and disparaging its critics.

There is no nice way to put this, Obama is either a con artist or a fool.  If he found the country had been taken in and put into dire straights by the felons on Wall Street, what kind of answer did he expect when he went to those crooks and asked them how to fix the mess they had made.  You don’t go to the con artists to ask them what to do when you discover they are con artists who have treated you very badly.

In Hillary Clinton’s case, she is the con artist, so there is no wonder she likes the “solution” that Obama chose.  This country just cannot afford to put another Obama type into office as President.  I am surprised that when Clinton touts her economic plan over Bernie Sanders’ plan that he  doesn’t point out to us all that her economic advisers are all crooks themselves.  What kind of advice do we expect the crooks to give us?

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