BEFORE HIS FIRST DAY IN OFFICE,
BARACK OBAMA HAD ALREADY
SUCKED IN MORE BRIBES FROM
PLUNDERING BANKSTERS THAN ANY
OTHER PRESIDENT IN HISTORY.
BOTH OF OBAMA'S ATTORNEY
GENERALS WERE SELECTED BECAUSE
OF THEIR LONG HISTORY OF SERVING
BANKSTER CRIMINALS
One of the premier institutions of big
business, JP Morgan Chase, issued an
internal report on the eve of the 10th
anniversary of the 2008 crash, which warned
that another “great liquidity crisis” was
possible, and that a government bailout on
the scale of that effected by Bush and Obama
will produce social unrest, “in light of the
potential impact of central bank actions in
driving inequality between asset owners and
labor.”
IMAGE:
BANKSTERS’ RENT BOY FORMER
ATTORNEY GEN ERIC HOLDER POSES
WITH HITLER PRAISING LEADER OF RACIST,
HOMOPHOBIC, ANTI-SEMITIC HATE MONGER LOUIS Farrakhan.
“Attorney
General Eric Holder's tenure was a low point even within the disgraceful
scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG
NO PRESIDENT IN HISTORY SUCKED IN
MORE BRIBES FROM CRIMINAL BANKSTERS THAN BARACK OBAMA!
This was not because of
difficulties in securing indictments or convictions. On the contrary, Attorney
General Eric Holder told a Senate committee in March of 2013 that the Obama
administration chose not to prosecute the big banks or their CEOs because to do
so might “have a negative impact on the national economy.”
THE RISE TO
POWER OF BANKSTER-OWNED BARACK OBAMA
'Incompetent'
and 'liar' among most frequently used words to describe the president: Pew
Research Center
The larger
fear is that Obama might be just another corporatist, punking voters much as
the Republicans do when they claim to be all for the common guy.
“Records show that four out of
Obama's top
five contributors are employees of financial
industry giants -
Goldman Sachs ($571,330),
UBS AG ($364,806), JPMorgan Chase
($362,207) and
Citigroup ($358,054).”
OBAMA and HIS BANKS: THEIR PROFITS,
CRIMES and LOOTING SOAR
CRONY KING OBAMA:
The Obamas
live the 1% life
OBAMAnomics: FROM THE MAN THAT HATED
AMERICAN BUT LOVED AMERICAN BANKSTERS:
OBAMA, THE BANKSTER OWNED LA RAZA DEM
“The response of the administration
was to rush to
the defense of the banks. Even before coming to
power, Obama
expressed his unconditional
support for the bailouts, which he subsequently
expanded. He assembled an administration
dominated by the interests of finance
capital,
symbolized by economic adviser Lawrence
Summers and Treasury Secretary
Timothy
Geithner.”
THE GLOBALIST LEGACY OF A SOCIOPATH
Obama warns against “cynicism” at
Ohio State commencement address
At a commencement address on Sunday at Ohio State University,
President Barack Obama counseled students not to be “cynical” about government
and politics.
There was an almost comically absurd element to Obama’s
remarks, delivered with his characteristic demagogy and attempted gestures at
profundity. In his first four years in
office, along with the first months of his second term, Obama proceeded to
systematically repudiate every campaign pledge and to deflate every illusion
that, with the assistance of a highly coordinated marketing campaign, led
millions of people, including a large number of young people, to vote for him
in 2008.
The Obama administration handed trillions of dollars to the
banks; has overseen a massive attack on public education; is leading the
campaign to slash Social Security and Medicare, the core federal retirement and
health care programs; expanded the war in Afghanistan, led a war against Libya,
and is preparing a new war in Syria; and has asserted the right to kill anyone,
anywhere, including US citizens, without due process.
After this record of service to the corporate elite, he
declares: “When we turn away and get discouraged and cynical… we grant our
silent consent to someone who will gladly claim it. That’s how we end up with lobbyists
who set the agenda; and policies detached from what middle class families face
every day; the well-connected who publicly demand that Washington stay out of
their business—and then whisper in government’s ear for special treatment that
you don’t get.”
The references to the “whispers” of the wealthy and
well-connected is particularly rich, coming only a week after Obama nominated
Penny Pritzker for commerce secretary. The
selection of Pritzker—a longtime Obama confidant, billionaire heiress and owner
of a private equity company—only underscores the fact that the administration
is a government of, by and for the financial aristocracy. She will be the
wealthiest person ever to serve in a presidential cabinet.
Previous to his appointment of Pritzker, Obama appointed Mary
Jo White to head the Securities and Exchange Commission (SEC), one of the main
financial regulators. White made millions of dollars as an
attorney for banks responsible for the financial crisis, including Bank of
America and JPMorgan Chase, whose CEO, Jamie Dimon, called White the “perfect
choice” to head the SEC.
Practically every cabinet appointee of Obama’s has close
personal connections to the ruling class, many having come directly from
corporate boardrooms. Under Obama’s watch not a single executive at a major
financial firm has been criminally tried, much less sent to jail, for their
role in the financial crisis.
As a whole, Obama’s speech was characterized by a complete
separation from the actual conditions facing the graduates he spoke to, who
confront joblessness, falling wages, and a lifetime in debt. “You have every
reason to believe that your future is bright,” he told his audience. “You’re
graduating into an economy and a job market that is steadily healing.”
He added later, “The trajectory of this great nation should
give you hope.” Really? This is under conditions in which over 11 percent of
college graduates are unemployed a year after getting out of school, and
another 16.1 percent simply drop out of the labor force, according to the
Bureau of Labor Statistics. Most of those who do find a job are paid barely
enough to get by, let alone pay off student loans. Wages for young adults are
falling faster than any other part of the population, and are down by 6 percent
in the past four years.
Most of the students that Obama addressed Sunday will be so
burdened with debt that they will delay or have to completely put off starting
a family or buying a home.
It is not surprising that Obama should neglect to dwell on
this disastrous situation, because his administration bears responsibility for
it. In the government-sponsored restructuring of the auto industry, the White
House insisted that the wages of new-hires be slashed in half, setting the
stage for vast reduction of wages throughout the economy.
Obama sought to paint opposition to the government’s
violation of democratic rights as right-wing hysterics. “Unfortunately, you’ve
grown up hearing voices that incessantly warn of government as nothing more
than some separate, sinister entity,” Obama said. “They’ll warn that tyranny is
always lurking just around the corner. You should reject these voices.”
This comes from a president who has personally overseen the
illegal assassination of thousands of people, including at least three American
citizens, in weekly “Terror Tuesday” meetings. The assertions of executive
power have been systematically expanded, going beyond those claimed even by the
Bush administration. The specter of a police state—the response of the ruling
class to growing social opposition—is in fact lurking around the corner.
The moribund state of American politics, of which the Obama
administration is a principal expression, is, according to the president, the
fault of the American people. “Democracy doesn’t function without your active
participation,” he admonished. If politicians “don’t represent you the way you
want… you’ve got to let them know that’s not okay. And if they let you down,
there’s a built-in day in November where you can really let them know that’s
not okay.”
Such limp efforts to encourage illusions in the viability of
the “democratic process” in the United States will not go very far. The
experience of the past four years has not passed in vain. Millions of people,
including many of those in the audience at Ohio State, are drawing the quite
justified, if “cynical,” conclusion that the entire political and economic
system is rotten to the core.
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