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Conspiracy Thinking — 4 Comments

  1. I read it. THAT sounds like a conspiracy theory. I think it’s ridiculous Jeff. Obama was just trying to compromise. That was no good. Now he’s trying to ram the jobs bill through supposedly knowing it won’t pass, as this guy claims, and that’s not good enough either. Perhaps the real conspiracy is guys like this Wall St. economist working at getting people who want the same thing as the president wants getting us to turn against him. Quite clever.

    • Yo can lead a horse to water but you can’t make him drink. Obama is not your friend. Repeat after me: Obama is not my friend, Obama is not my friend.

      “The problem facing Obama is obvious enough: How can he hold the support of moderates and independents (or as Fox News calls them, socialists and anti-capitalists), students and labor, minorities and others who campaigned so heavily for him in 2008? He has double-crossed them – smoothly, with a gentle smile and patronizing pattern talk, but with an iron determination to hand federal monetary and tax policy over to his largest campaign contributors: Wall Street and assorted special interests. The Democratic Party’s Rubinomics and Clintonomics core operators, plus smooth Bush Administration holdovers such as Tim Geithner, not to mention quasi-Cheney factotums in the Justice Department.

      “President Obama’s solution has been to do what any political demagogue does: Come out with loud populist campaign speeches that have no chance of becoming the law of the land, while more quietly giving his campaign contributors what they’ve paid him for: giveaways to Wall Street, tax cuts for the wealthy (euphemized as tax “exemptions” and mark-to-model accounting, plus an agreement to count “income” as “capital gains” taxed at a much lower rate).”

      Obama is not your friend. And he doesn’t want what you want. He works for Wall Street, not Main Street.

    • I can’t listen to Obama any longer – he irks me as much as Bush did. So, no, I don’t intend to read it online. But I will offer you a very different reaction to the speech, by Michael Hudson, who is a former Wall Street economist. Read this article, from Counterpunch, if you dare.

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