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Dismantling the banking system: is Obama lashing out at America for rejecting him?
Flopping Aces ^ | 01-25-10 | Alec Rawls

Posted on 01/25/2010 9:29:05 AM PST by Starman417

He already wanted to tax the banks for having the temerity to turn a profit with the bailout money (wasn't that the point, to get the banks into the black again?), so the new plan to break up the banks is not different in kind. What IS different is the atmospherics.

The move, immediately after Obama's election defeat in Massachusetts, seems to have been very sudden, catching even his closest allies by surprise. With no warning, the previously "indispensable" Timmy-boy Geithner was cast aside in favor of the Depression-era nostrums of Paul Volker. Obama didn't even take the time to get the Congressmen who stood with him at the announcement on board:

Mr Obama’s more populist tack on Wall Street re-regulation failed to attract endorsement from Chris Dodd, chairman of the Senate banking committee, even though he was present when Mr Obama made the announcement.

The announcement was also described by insiders as "political":

“The Obama proposals were clearly politically motivated and came from the White House not the Treasury,” says a Democratic adviser to the administration, who withheld his name.

Just what does "politically motivated" mean, at a point in time when the nation was looking for Obama's initial reaction to the Massachusetts referendum on Obamacare? And it was a referendum. Obama made sure of it, announcing about the Massachusetts election:

Read more at floppingaces.net


TOPICS: Business/Economy; Front Page News; Politics/Elections; Your Opinion/Questions
KEYWORDS: bank; banking; bho44; bhoeconomy; bhofascism; bhotyranny; brown; economy; ibarack; obama

1 posted on 01/25/2010 9:29:07 AM PST by Starman417
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To: Starman417
is Obama lashing out at America for rejecting him?

No, he is lashing out at America because he is a communist and hates the American experiment with freedom.

2 posted on 01/25/2010 9:31:27 AM PST by kosciusko51
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To: Starman417
He simply knows that he has to push his marxist agenda now that Democrats (+ Rinos) leads Congress and Senate.
3 posted on 01/25/2010 9:32:23 AM PST by free1977free
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To: Starman417

He simply knows that he has to push his marxist agenda now that Democrats (+ Rinos) lead Congress and Senate.


4 posted on 01/25/2010 9:32:30 AM PST by free1977free
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To: Starman417

That was my first thought, too. The Boy King is having a temper tantrum.


5 posted on 01/25/2010 9:33:42 AM PST by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: Starman417
Wouldn't shock me one bit if savage Obama sought to eviscerate the U.S. financial system.

His overwhelming ego fraught with hubris will not take rejection or dissension well, so we can expect to suffer even more from his hegemonic, socialist wrath.

6 posted on 01/25/2010 9:34:03 AM PST by Mengerian
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To: Starman417

Reject Obammy?
I covet my dogs pooh more than this marxist p.o.s.


7 posted on 01/25/2010 9:35:12 AM PST by Joe Boucher ((FUBO) Get out of the peoples house and take that shelf ass ugly woman with ya.)
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To: WhistlingPastTheGraveyard

Clearly...Americans have problems with their “core values” and Oduma is out to rectify that...


8 posted on 01/25/2010 9:36:00 AM PST by Crim
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To: Starman417

Nope, I think it was his intention all along.


9 posted on 01/25/2010 9:36:33 AM PST by Calm_Cool_and_Elected
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To: Starman417

Well, it may have gotten worse, but I’m pretty sure Bambi has been lashing out at America every chance he gets, for a long while...


10 posted on 01/25/2010 9:37:41 AM PST by GnuHere
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To: free1977free

zerO’s naked marxism is starting to embarrass even liberal fools like Dodd and Frank, and is leading squishy RINO elites like Noonan to use the term “nut” in open print


11 posted on 01/25/2010 9:38:26 AM PST by silverleaf (In college George Bush got C's - Obama probably failed "lunch")
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To: kosciusko51

That and he is not able to cope with such a big narcissitic injury:

http://joytiz.com/2010/the-decompensation-of-a-president/


12 posted on 01/25/2010 9:39:00 AM PST by jazminerose
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To: Starman417

I’m no economist but I’m very concerned over this continuing ‘closing’ of banks as well. It was up to 9 for the year so far. As a nation, we’ve become ‘desensitized’ to hearing about the feds closing banks/regulators going in and ‘closing’ banks through the years, however, there is an agenda at work for months now, closing the small town banks (imo)some of which sounded healthy (took finance but can’t remember the ratio of assets/cash on hand to loans required). I’d appreciate some input on that theory.


13 posted on 01/25/2010 9:39:51 AM PST by Outlaw Woman (If you remove the first Amendment, we'll be forced to move on to the next one.)
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To: Starman417

“The beauty of being a narcissist is that even when disaster stares you in the face, you feel neither doubt nor remorse.”
Carl Vogel


14 posted on 01/25/2010 9:43:24 AM PST by mojitojoe (“Medicine is the keystone of the arch of socialism.” - Vladimir Lenin)
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To: Starman417

BO is an virulent anti-american and has been for 30 years. Go listen to his spirtual advisors, Wright and Farrakhan.


15 posted on 01/25/2010 9:44:11 AM PST by Neoliberalnot ((Freedom's Precious Metals: Gold, Silver and Lead))
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To: Starman417

Obamao’s plan has always been to destroy the US, but he wanted us to love him while he did it. Now that the love is dying, he is free to speed up his plan.


16 posted on 01/25/2010 9:47:40 AM PST by pallis
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To: Outlaw Woman

My suggestion is to read up on ‘Central Planning’ economics.

Obama announced after being sworn in that the government will be guiding the ‘invisible hand’.

Seems if you know your history, it becomes clearer.


17 posted on 01/25/2010 9:48:32 AM PST by griswold3 (You think health care is expensive now? Just wait till it's FREE!)
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To: Starman417
February 21, 2009: "Obama is a radical communist...he's going to destroy this country. We're either going to stop him or the United States of America is going to cease to exist."
18 posted on 01/25/2010 9:57:06 AM PST by EternalVigilance (With God, Obama can't hurt us. Without God, George Washington couldn't save us.)
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To: griswold3

I will...thank you.


19 posted on 01/25/2010 9:57:37 AM PST by Outlaw Woman (If you remove the first Amendment, we'll be forced to move on to the next one.)
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To: Outlaw Woman

Can’t help with finance questions, but the idea seems to be a total government takeover which will force us to use Obama-controlled banks, autos, homes, grocers, churches, etc. in an effort to deprive us of any income above his allowed limit.


20 posted on 01/25/2010 10:00:24 AM PST by charlie72
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To: Mengerian

“His overwhelming ego fraught with hubris will not take rejection or dissension well, so we can expect to suffer even more from his hegemonic, socialist wrath.”

Bingo. He indeed is striking out because of his rejection by the people for his policies, in Massachusetts. He i8s a spiteful sort and will “get back” at the public any time they do not like what he does. Egocentric in the extreme, and suffering from hubris. He is a dangerous child-man, with some definite psychological problems.


21 posted on 01/25/2010 10:05:37 AM PST by flaglady47 (The truth shall set you free.)
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To: charlie72; griswold3; Outlaw Woman

If you want to know where Bambi’s going, watch Hugo Chavez. Hugo just announced that certain businesses were going to be taken over and receive a direct payment from the state in order to keep their prices stable and eliminate their competition. These companies are not allowed to make a profit, but will have to accept what the government gives them, and the employees will be government employees.

Bambi started this with his government takeovers of GM et al. (and they are now literally state companies) and is going to move on to the next step as soon as he can.


22 posted on 01/25/2010 10:06:36 AM PST by livius
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To: charlie72

Very worrisome.


23 posted on 01/25/2010 10:07:14 AM PST by Outlaw Woman (If you remove the first Amendment, we'll be forced to move on to the next one.)
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To: Mengerian

This is a “take my ball and go home” moment, and yes in fact he would have no qualms in destroying the banking system to destroy America. It’s always been his (George Soros’) plan.


24 posted on 01/25/2010 10:09:18 AM PST by dumpthelibs (dumpthelibs)
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To: flaglady47
Last year, Obama quipped to some congressmen gathered at the White House, to garner support for some hair-brained legislation, “don't think we're not keeping score, brother.”

(or something very close along those lines)

It gave frightening insight to how he conducts the affairs of the nation (or as he sees it, his affairs). So called leadership with retribution and vindictiveness. He is a man-child.

25 posted on 01/25/2010 10:14:03 AM PST by Mengerian
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To: livius; charlie72; griswold3
I read about Chavez's move just this morning. Venezuelans are going to have to pull a Honduras...In the meantime, many states are aggressively pursuing 10th amendment declarations (including my own). It's going to get interesting.
26 posted on 01/25/2010 10:14:31 AM PST by Outlaw Woman (If you remove the first Amendment, we'll be forced to move on to the next one.)
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To: silverleaf

True. Screw McCain and screw Noonan.

I’m so sick of McCain I can barely type this.

What the hell McCain is still doing in the GOP is beyond my comprehension.


27 posted on 01/25/2010 10:57:42 AM PST by BraveNewCommie (CLICK ME to help EXPOSE Omoslem)
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To: Starman417
I posted this exact thought last week.
Something along the lines of: “Slap me in the face in Massachusetts, and I will come after your banks”
28 posted on 01/25/2010 11:00:47 AM PST by HereInTheHeartland (The End of an Error - 01/20/2013)
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To: mojitojoe

WOW! That sure describes Barry, doesn’t it!!!!

“The beauty of being a narcissist is that even when disaster stares you in the face, you feel neither doubt nor remorse.”


29 posted on 01/25/2010 11:05:08 AM PST by silverleaf
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To: Mengerian

This is the same punk with his smack talk about not bringing a knife to a gun fight. And the guilty white liberals slobbered all over him because he was clean and articulate while he said it.


30 posted on 01/25/2010 11:07:26 AM PST by silverleaf
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To: pallis

I retired in 2003. Every year since that time during the Bush Administration I saw an increase in my monthly retirement.
I just received my 2010 statement of Tax Change. Just as I thought, the RATS are in charge and my retirement check each month will be at a reduced rate. How anyone can vote for these pr - - ks is beyond me. Where the hell is my Hussein Obama Tax Cut. Oh that’s right, I am not getting that!!
Another Hussein Obama BS statement.


31 posted on 01/25/2010 11:08:15 AM PST by Mr. Wright
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To: Outlaw Woman

I’ve read that was what the first depression was for - to reconsolidate the banking business into the hands of the few; cause runs on smaller banks & withdraw support.


32 posted on 01/25/2010 11:31:10 AM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: Starman417

People are watching this pr*** very closely.

I think he has even frightened some people in his own party. He can and will be impeached. If his allies start abandoning him, the game will be over for him.

His National Security policies would be a good starting point for charges...especially if we get hit again.


33 posted on 01/25/2010 1:22:33 PM PST by BlessingsofLiberty (Obama, YOU LIE!!)
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To: BlessingsofLiberty

Obama is NOT lashing out at America for rejecting him..

Marxist go after the BANKS PERIOD...I have a photo of Obama “teaching” in Chicago...and there on the blackboard he has written words from RULES FOR RADICALS...

Under the title of “Relationships Built on Self-Interest” he lists: Corporations / Banks / Utilities

The COMMIE ALWAYS intended to go after the corporations, banks, and utilities....because they are the BACK BONE of capitalism, and capitlism is the ENEMY of Socialism.


34 posted on 01/25/2010 1:28:08 PM PST by Moby Grape (Formerly Impeach the Boy...name change necessary after the Marxist won)
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To: jazminerose

Excellent.


35 posted on 01/25/2010 2:48:37 PM PST by savedbygrace
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To: Moby Grape

“The COMMIE ALWAYS intended to go after the corporations, banks, and utilities....because they are the BACK BONE of capitalism, and capitalism is the ENEMY of Socialism.”

Bingo...another reason the Health Care Industry is so important to him as well.

The “American Hugo Chavez” is confiscating the wealth and underpinnings of the USA.

Great post, thanks.


36 posted on 01/25/2010 4:06:19 PM PST by BlessingsofLiberty (Obama, YOU LIE!!)
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