Not to sound like a Neo-con sock puppet, but Obama does some sneaky shit that should make some liberals' blood boil.
Namely, his choice of Penny Pritzker as Secretary of Commerce. According to a 2008 article in the
Wall Street Journal, ole Penny had a 50% stake in Superior bank, an Illinois bank which tanked and wound up taking people's savings along with it. Any savings that weren't insured by the FDIC (up to $100,000) was lost. Although Penny claimed to pay restitution for the loss, she blamed the problems on "changes in accounting practices, auditing failures, reversals in regulatory positions and general economic conditions." Really? We need someone overseeing America's economic development that blames "general economic conditions" for a defaulting business? Who could've seen buying securitized subprime mortgages as a potentially dangerous, misfit fiscal decision?
Nominating this woman is antithetical to Obama's hardline stance on risky banking practices. It shows me that he is more concerned about deregulating banking policy now that the economy seems to be making some improvements.
Obama's career is mimicking Clinton's in the way that Clinton deregulated a shitload of financial regulations (a snowball that started under Reagan) and let Alan Greenspan and his troupe of vampiric investment bankers gamble with Americans' money.
Pritzker's nomination is another symbolic gesture that says a hearty "fuck you" to anyone that's not a part of the elite business class.
BTW, a majority of you L-Gers have your ear to the rail but can't see the fuckin' train coming at you. Stop paying attention to the flashing headlines and read the business section of the damn newspaper. A sweeping majority of decisions made in the government that affect people in this country and the rest of the world deal with economic policy. For that matter, fuck the white noise about Benghazi and the "thin red line" shit-talk about Syria, the real shit is going down on the business page.
« Last Edit: May 08, 2013, 08:47:18 AM by Ineptunian »
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"White people is stupid, yo." ~ random black guy from Memphis.