All the Populism Money Can Buy
"The truth of the matter is that the Obama team has managed the tricky shot of giving more bailout money to the banks than the cumulative dispensations of all previous U.S. governments, while at the same time NOT giving any significant debt relief to ruined homeowners, a huge slice of whom is poor, black and Hispanic. Obama is not seeking to reform the financial system, and it would be beyond miraculous if he did, since the contrivers of the present mess – Lawrence Summers, et al – were given a welcoming clap on the back by the new president, as he stepped into the White House and told them to get on with the job. This amazing bailout for the existing corrupt system – as if Lenin had used the October revolution to restore the Romanovs – has been engineered without significant opposition from organized labor or the left-ßliberal end of Obama’s own party."
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