The Twin Frauds of Obama

[Crewleader]

Weekend Edition
December 4-6, 2009

Afghanistan and Elkhart, Indiana

The Twin Frauds of Obama

By PAUL CRAIG ROBERTS

Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com. The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.”

One can understand why the banksters are worried. The company, now known as Gold Sacks, has a large responsibility for the financial crisis and the fraudulent “securities” that wrecked the world economy and Americans’ pensions. A former Gold Sachs CEO had control of the US Treasury during the Bush regime from which he diverted $750 billion to bail out the banks, thus supplying them with free capital. Gold Sachs made $27,000 million during the first three quarters of 2009 and is paying out massive bonuses, leaving the busted taxpayers with the debt and interest charges.

Little wonder the US can’t afford health care for the uninsured and unemployed. It is far more important to finance multi-million dollar bonuses for investment bankers. I mean, what would we do without capitalism?

Of course, it is not really capitalism. It is an oligarchy or a financial plutocracy.

http://www.counterpunch.org/roberts12042009.html

[SIMPLYB1980]

1. "Oligarchy" I see you have been hanging out with the

tea baggers and picking up their talking points. Klasy.

[girl gone mad]

4. Yes, when two people use an identical word (though only one can spell it)..

to describe different facets of our government, that means they share a brain and are Best Friends Forever.

Thanks for this blindingly brilliant insight.

[SlowDownFast]

6. +1000.

Most folks are stuck in "team player" mode and can't (or won't) see beyond the veil.

The banks (namely Goldman) own the gov't. Dems and Repugs.

Yes, they even own Obama.

Divide and conquer is an Age-Old strategy, but it still works - and very well, apparently.

[Crewleader]

5. Mistaken my friend

This article strikes a nerve...the observation of how both political parties are looking like the same.

[SIMPLYB1980]

7. That is why this is sinking like a stone.

But I'll give you a kick since you need the attention.

[girl gone mad]

8. Actually, this thread is on fire..

for a post on the economy forum.

Now scurry on back to GD: P, where pictures of Glen Beck pass for witty repartee.

[TheWatcher]

10. You need to take your weak, soft, simple-minded drivel back to GD where

Your deluded cheerleader bots will bobble-head nod along in agreement with you.

You'll get your ass kicked in this forum.

This is one of the few remaining places on DU where actual debate and discussion takes place.

Your attempt to spew here is the equivalent of a reality TV Show actor trying out for a part in a high profile Broadway adaption of a classic Shakespeare play.

Epic Fail before you even hit the Post button.

[paulk]

11. that's hardly a right wing talking point

you don't have to be a fan of counterpunch to see that our government favors the ruling class

[DJ13]

2. People need to open their eyes, this IS happening

Despite Democratic majorities in the House and Senate and the ease with which Obama won the presidential election over McCain/Palin, the Democratic Party has totally collapsed. The Democrats have abandoned every constituency. Democrats have discarded the American people. Democrats, in pursuit of campaign contributions, represent the moneyed interests on Wall Street, the munitions companies, the insurance companies, the agri-businesses that have destroyed independent farmers, despoilers of the environment, unaccountable police, and the builders of detention centers.

[aquart]

3. Oh, I do so hope they shoot each other.

It would be my Christmas bonus.

[northernlights]

9. +1001

:rofl: ty for the image :D

[pscot]

12. I thought it was now known as Goldman Sucks

I guess next they'll be digging a moat around Greenwich, Connecticutt. I hope they get eaten by their own alligators.

[dixiegrrrrl]

13. Is there really any significant difference between these two words:

plutocracy......
1. noun Government by the wealthy.
2. noun A wealthy class that controls a government.
3. noun A government or state in which the wealthy rule.
and

oligarchy....
1. noun Government by a few, especially by a small faction of persons or families.
2. noun Those making up such a government.
3. noun A state governed by a few persons.

The only difference I can see is "wealthy"

Either way, we got one, and it is no longer hiding, which says how confident they are feeling.