Obama's Big Sellout (Leftist outrage at The Kenyan's Wall Street giveaway)

Rolling Stone ^ | 12/09/09 | MATT TAIBBI

[jimbo123]

The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers "at the expense of hardworking Americans." Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it's not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.

Then he got elected.

What's 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.

[jimbo123]

Obama Playing Golf with UBS America President Robert Wolf

Executive Summary – This is actually amazing. UBS has just turned over 4450 names of American who evaded taxes using UBS bank. This has started a fear tactic from the IRS since the names released are of course secret so as to scare hundreds of thousands of UBS clients from the USA and other countries into compliance under threat of life in jail.

Did it ever occur to anyone that this Robert Wolf might be complicit and should be in jail too? What is good for the goose is good for the gander! Wolf during Obamas campaign collected $370,850 for Obama making UBS the fifth largest contributor to the OBama election campaign. Within days of the UBS settlement of $780,000,000 to settle civil and criminal charges with US government, Obama appointed Wolf to the White House Economic Recovery Advisory Board. Then UBS received 2.5 billion through AIG for financial bailout. Perhaps UBS paid nothing at all and was reimbursed and even compensated for cooperating with the IRS attack on their account holders from the USA that the bank had. While the golf game was going on UBS fall guy Bradley Birkenfeld was sentenced to 40 months in jail but his sentence does not start yet so he can appeal sentencing.

http://www.panamalaw.org/obama_playing_golf_with_UBS_america_president_robert_wolf.html

[RC2]

We all tried to warn them prior to the election. Now, even his previous supporters are turning against him. This guy is out to totally ruin this country. Just hope it can be reversed.

[VanDeKoik]

Well I hope that Barry at least gave you a nice pat on the head before you got up from under the desk, Rolling Stone.

[UCFRoadWarrior]

Obama does what George Soros tells him to do....and George Soros is a Free Trader Globalist...first

[Maine Mariner]

” ....and George Soros is a Free Trader Globalist...first”

Yes but only to the point that it helps George Soros

[bubman]

Didn't Thomas Jefferson warn us of the dangers of bankers:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson, (Attributed) 3rd president of US (1743 - 1826)

Although Federal banks did not exist at the time, I believe this quote is even more prescient today than when he actually quoted it in his time.

[ozzymandus]

The left’s growing disillusionment with their chosen Messiah is music to my ears. It's amusing to watch the MSM lefties defend Obama against the far left internet loons.

[moehoward]

MATT TAIBBI has been brutally honest about bammy’s shenanigans.

[Don Corleone]

In politics...FOLLOW THE MONEY!

[Achilles Heel]

Always...what’s in it for me.

[grundle]

Given that SENATOR Obama voted for the $700 billion bailout, it seems odd that the writer is surprised that PRESIDENT Obama also supports the $700 billion bailout.

[HighlyOpinionated]

When the LEFT is noticing what's actually going on and then reports on it in their own media . . . that is news.

[poodle]

This article was called a must read by Barry Ritholtz that does TheBigPicture blog: http://www.ritholtz.com/blog/2009/12/did-obama-sellout-to-wall-street/

It might be interesting to some to compare the comments there to the comments here.

[jimbo123]

It’s funny how the liberals are just now paying attention to the fact that the Kenyan’s first order of business was to bail out all of his Wall Street benefactors. Suckers! Serves them right for putting their trust and hope in a muslim.