Skip to comments.Rolling Stone: Waah, Obama sold us out
Posted on 12/12/2009 8:26:04 PM PST by dano1
There comes a moment in politics when the blinders fall off the supporters of the other guy and they discover what you have known all along: Hes a fraud.
The blinders just fell off Matt Taibbi, a writer for Rolling Stone magazine.
He just now noticed that while 26% of the money Barack Obama raised came from small donors, nearly 3 times as much came from big donors, who ponied up a half billion bucks.
Where the 26% saw Hope and Change, the 74% saw Invest and Collect.
Wrote Taibbi: Whats taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.
What was not to figure out?
Where is that stimulus money going?
Who benefits the most from Obamanomics?
The two richest men in America Bill Gates and Warren Buffett signed up early. So did George Soros.
You think they give a damn about health care?
It is a pretty good piece that shows Citigroup was behind the $700 billion TARP (Tax Cheat Tim Geithner made a nice patsy).
Geithner, in other words, is hired to head the U.S. Treasury by an executive from Citigroup Michael Froman before the ink is even dry on a massive government giveaway to Citigroup that Geithner himself was instrumental in delivering. In the annals of brazen political swindles, this one has to go in the all-time [Expletive]-the-Optics Hall of Fame, Taibbi wrote.
It never ever occurred to Obamas supporters that he was backed by the very bankers, Wall Street insiders and lobbyists that he denounced on the campaign trail.
Of course it goes beyond all that. The Democratic Party has become the party of bankers. Barney Frank, Christopher Dodd, Maxine Waters the list goes on all have ties to bankers who got bailouts. My God at one point, Taibbi cited Pete Kanjorski who earmarked millions to a family business as a reformer.
What is funny is that for all his pretensions of populism, Taibbi saved his best jabs for the one group of people whpo are truly populist, writing: A year to the day after Obama named Michael Froman to his transition team, his political opposition has descended upon the city. Republican teabaggers from all 50 states have showed up, a vast horde of frowning, pissed-off middle-aged white people with their idiot placards in hand, ready to do cultural battle. They are here to protest Obamas socialist health care bill you know, the one that even a bloodsucking capitalist interest group like Big Pharma spent $150 million to get passed.
These teabaggers dont know that, however. All they know is that a big government program might end up using tax dollars to pay the medical bills of rapidly breeding Dominican immigrants. So they hate it
After 5 takes of complaining how he was fooled, in the 6th and final take he dared to call the Tea Party crowd fools for not being as savvy as he.
Guess what? By and large, they did not vote for this guy. Taibbi did.
To lower myself to terms Taibbi would understand, better a tea bag than a douchebag.
9 years after I voted to elect him and 5 years after I vote to re-elect George Walker Bush, Im still pleased. He made some mistakes (McCain-Feingold) and he left office pretty much the least liked two-term president ever.
But he did the right thing.
Whats most troubling is that we dont know if Obama has changed, or if the influence of Wall Street is simply a fundamental and ineradicable element of our electoral system. What we do know is that Barack Obama pulled a bait-and-switch on us. If it were any other politician, we wouldnt be surprised. Maybe its our fault, for thinking he was different, Taibbi wrote.
Nope. Obama was the exception. Bush did not sell me out, his father didnt sell me out, Reagan didnt sell me out, Carter didnt sell me out and Ford didnt sell me out. For all his corruption, even Bill Clinton did not sell out his supporters; he simply failed to deliver.
Nice job, 53%. Dont worry. The 47% will fix the errors of your ways in 2010 and 2012.
What happens next?
YOU AND THE REST OF THE LAMESTREAM MEDIA SOLD US OUT ROLLING STONE!
ROT IN HELL!
LOL. Well he is right. Very right.
The Styrofoam pillar man.
Rolling Stone(d) proclaimed John Edwards The Real Liberal and gushed about what a great President he would be. Even before the cheating-on-his-terminally-ill-wife scandal, I could tell he was a fraud. Great source of political info.
Wonder if this guy is related to Mike Taibbi of Ch 5 Boston
More like poor zombie. I tried like hell to tell people about this idiot, and nobody would listen. They were too busy reading crap from people like this moron that’s now crying.
Rolling Stoned have been rolling stupid. Are the drugs wearing off? Not to worry stoners...just transition to the viagara, the anti-depressants and the commie kool-aid. You’ll make it the end of the self-imposed wreckage you call your life.
The Rolling Stones folks at least purport to be “thinking” lefties. To actually notice the irony in a matchup between Big Democrat Party and “Small” Leftism apparently requires three brain cells, not just two.
Yep. Mike is Matt’s father.
I hope that's true, but I fear it will be too little to late. For anything to really happen, the change in 2010 will have to be massive, Dems losing 70 to 80 seats in the house, 6 to 10 seats in the senate and I don't know if i see that happening. However, if somehow Obamacare can be stopped now, gridlock would be fine with me.
I think the Left is reaching the same point with Obama that fiscal conservatives did with Bush when he pushed No Child Left Behind through with Ted Kennedy.
Ah; yeah Howie was guessing as much the other day. Wasn’t sure but not a common surname!
(I do see sons and daughters go into similar businesses;
for example, Christina Hager of Ch 4 is the daughter of
longtime NBC reporter Robert Hager.)
“They are here to protest Obama?s ?socialist? health care bill ? you know, the one that even a bloodsucking capitalist interest group like Big Pharma spent $150 million to get passed.”
Damn moron STILL doesn’t recognize fascism/socialism when it smacks him in the face. Big Pharma in cahoots with Big Government IS socialism/fascism, and it’s part of what has us “teabaggers” so angry. Idiot.
Matt Taibbi has been calling bammy on his crap since day one. His articles are are about the only thing that gives Rolling Stone an ounce of credibility IMHO.
We tired to warn them. It's very easy to fool somebody who wants to be fooled.
Oh the audacity. They been hoodwinked, bamboozled!
We May Be Idiots, But WE Didn't Vote For Obama, Mike!
(I'd like to put that on a billboard across from this guy's house, so he sees it every morning as he hops off to work on his bike, cup of Starbucks in hand.)
I love how the WHITE Rolling Stone post-racial crowd thinks the worst thing they can slam someone with is that they're white.
I haven’t yet read Matt Taibbi’s latest column in the RS, but I know that he started writing about Wall Street’s bubble during the summer.
Sheesh. This simple p.o.s. Taibbi is only wringing his hands because Ubama the Kenyan communist isn’t communist enough. Anyway, who reads Rolling Stone these days? That dinosaur only stays alive by underpaying the mice they recruit from the Daily Collegian and by shrinking in size... That thing saw its best days thirty years ago.
Say it ain’t so!
What is worse, this halfwit (no offense to decent half wits) still cannot grasp the idea that *gosh* Mr. Smarter than everyone else, the Tea Party Movement is correct, and you are correct, you’ve been duped”
Idiots like this make me sick, when his power bill triples for the Man Caused Global Warming Fairy Tale, he will whine and moan, but that lab monkey will never comprehend how to stack the boxes of cause and effect.
Taibbi has been on 0’s a$$ for months. This isn’t new to him.
As the sage of Obama-worship buyers remorse continues on......
Which Obama is he referring to?
There was no about face. Merely a shift into high gear.
Besides, Obama wouldn’t know how to make any proper military maneuvers...except maybe a retreat.
Who last signed over a check to you?
Was it your EMPLOYER?
This applies equally to all parties. Who signs their checks? Is it we the people?.... pfffftt... we hardly pay for their cab fare for the year.....
Face it, our current form of govt is not what you'd exactly call representative of the people, and it hasn't been for quite some time.
I'd say back to the Woody Wilson sold our sovereignty over to the fed reserve days. They are playing it the same way again, only we are a wealthy and prosperous nation now. So it's gonna take a few hard thwacks to bring us down this time.
Ignoring RINOs and “independents,” a net gain of 41 House seats would give us 218, a net gain of 11 Senate seats 51. At these levels, we’d hold majorities in both chambers, but be unable to pass anything because Senate cloture requires 60 votes. To repeal anything or impeach... anyone, we’d need a major earthquake and tsunami to wash the congressional halls clean — preferably of all incumbents!
Of the Dems disaffected with BHO, how many do you think would dare to vote against his wishes? As many as two? Many who were once with him have one way or another learned to fear him; I think fear is by now the dominant force moving his former allies. Congress is almost irrelevant.
They will babble about how a often a 'good socialist' becomes corrupted. Then say the old line, 'money is the root of all evil' and leave it at that.
They love to say, 'Power to the people' But when it comes down to it they mean 'power to the Nationalist or power to the Statist.'
they don't understand it is their system of government that is the root of the problem.
Then you haven't been watching him since he's been appearing on Imus's radio show.
I don't buy that for a second. Geithner was in the right spot (Head of NY Fed) at the right time that the mortgage bundles and derivatives collapse hit Bear, Goldman and Morgan Stanley. Geithner had to ramrod all the action under Bush about how to save these firms..Obama had zip to do with that except voting for it. Giethner was point for Paulson who was sorta restricted by his Goldman ties and Bernancke. Arguing about whether the firms should have been bailed out is another matter and btw TARP is not a giveaway...it is a 5% interest only loan with a 5 year call upon which time it must be paid off, paid down or renewed at 9%...I know because a bank I am involved with took some and we had to approve it on those terms.
The veracity ...lol...of Rolling Stone remains unchanged since 1968...pisspoor. Citi is actually trying to pay back the 45 billion in TARP loans because it wants Obama out of their boardroom but Treasury sorta likes it. That is where Geithner and the folks he works for are bad news more than the bailouts which preceded Obama....they see this as a segue to controlling the financial markets and in particular derivatives.
What a strange world we now live in.
There is a sector of the progressive socialist left, like Taibbi, who smell the stench of the fascist big government, big corporation connection. They incorrectly identify it as capitalism (in no small part due to the fascists calling it that.) And they think the answer is bigger and better government. More regulation of “evil” corporations by “better” government regulators. Their solution won’t work but their hearts are in the right place.
There is a similar sector of the right who smell the same stench but there is not much of a consensus on the solution. Free marketers call for tearing apart the connection and moving to freer markets, but some on the right support the same solution as the left progressives.
Then there is the vast majority of power brokers of both the left and right who support the growth of the progressive fascist state, (congressional leaders of both parties and both presidential candidates last year).
And finally, the vast majority of everyday Americans who just want to live out their lives and aren’t paying much attention.
Thanks to you and many other IDIOTS we are stuck with STUPID.
You ain't seen nothing yet! ! ! ! ! !
Pitch forks and ball bats.
Better a tea bag than a douchebag,some times even the young and dumb and stoned gets it.
I spoke with a customer in Northern California yesterday. She moaned that she lived in a place with the highest cost of living in the country and that sales taxes had just been raised, again. She mentioned that her husband might lose his job. I asked if Californians were going to change their politicians in the next election.
“Oh, I’m not very political.” she replied. However, there had been a telling pause before her comment.
It was business and so, I let it slide. But, either people are not aware of the connection between politics and the economy or they are too afraid to recognize the connection publicly. I believe it is the latter.
Things will have to get a whole lot worse before any change occurs, IMO, but please note is now Sunday and Rasmussen has zerO’s strong approval/strong disapproval at -19!!!!!!!!!!!!!
This Taibbi kid is one of the foulest pieces of trash in journalism—which is no mean feat—like being the tallest guy in the NBA-lots of serious competition.
Read some of his RS columns from last year and this year—he goes way beyond the pale in his attacks on the GOP, conservatives, Christians—the usual. Of course he’s prim and quiet as a Quaker schoolmarm about Islam, black sociopathology etc.
Oh and he’s another nepotism beneficiary—his daddy is with NBC News—like MoDo, Pinch, and some of these other creeps
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