The blatantly open (almost tragicomic) conspiracy continues:
Citigroup's top economist tapped for Treasury post Posted by David Kramer at 11:03 PM Yes, you read that right. The latest news in Bizarro World is that the top "economist" from Citigroup (you know, the company that needed a multi-billion dollar bail-out from the Federal Government) is going to work at the Treasury Department to help fix the current financial mess that Citigroup played a part in creating. ... [Read the rest.]
But will most Obama supporters, even those who were given ample advance warning, eventually admit they were duped? Never. No way on earth. For them, pride endureth before, during and after a fall, same as it is with evangelical republicans. As another astute observer says:
Obama ... came to power amidst the hosannas of the left, who saw in him the capacity to achieve all their dreams, whatever they were. But all he has done is extend the corporate fascist policies of George Bush – the same way that FDR extended the corporate fascist policies of Hoover.The current challenge concerns the $165 million in bonuses that A.I.G. is paying its top employees, even while it has received $180 billion in taxpayer money, and even while the recipients of that money have been the largest banking firms such as Goldman Sachs and Deutsche Bank. The populist anger is rising. The Obama administration is protesting, but claims that its hands are tied. You might think the left would bolt, and some surely have.But there are always second thoughts on the left. We are starting to actually hear defenses of A.I.G.'s practices. ...Reliably, then, the bulk of the left will support the policies of Obama, no matter how much they violate the supposed principles of leftist theory. ...FDR was indeed the predecessor of Obama, as his White House eventually became one big open conspiracy of big banks, big corporations, and big unions working together to fleece the American taxpayer. They ate from the corpse of a once-productive economic structure as it grew ever thinner, making sure that they got theirs while everyone else suffered. ...Some people will bail from the left in light of the evidence that Obama is serving the cause of regimentation and the power elite. ... But for the most part, I think we can safely predict that the Obama experience will do one other thing that the FDR experience did: totally corrupt its partisans.
Very true. Furthermore, most of the American people have been far too successfully brainwashed by the false left-right paradigm ever to recognize (much less feel a need or desire to stop) our descent into a fascist (i.e. corporate), totalitarian state.
Here is an excellent post script from Karen de Coster (one of my favorite columnists/bloggers):
... Sticking Citigroup's economist in the Treasury Dept. is just one of a series of moves on the part of the Wall Street Elite to take over key government roles (they own the Treasury Dept.). ...Goldman Sachs-Citigroup, oops, I mean the Treasury Dept., now has unprecedented powers to steal and spend taxpayer dollars without any oversight from the congressional body. These people are so taken with themselves, so drunk with power, and so brazen, they don't even care about the response of rage all across America because they actually believe that they can't be stopped now. The Federal Reserve has got their back, after all, and the president - Bush, Obama, doesn't matter - has given his nod of approval. [Read the Rest.]
