Posts Tagged financial crisis

A Letter to President Obama

I concur.

This is a letter written on the day that Obama brought down the hammer on banks and the day after Ted Kennedy’s seat went to a nobody who posed naked for Cosmopolitan magazine.

Re-posted from Posted Without Comment a DailyKos diary.

Dear President Obama,

As someone who has been active in Democratic politics for decades and as someone who supported and worked to elect you both to the Senate and the presidency, I cannot begin to tell you how disappointed I have been by your performance.

From your selection of staff (Rahm Emanuel), and cabinet members and advisors (Geithner, Summers, et.al.), you have chosen to surround yourself with those with deep histories of favoring corporations and Wall Street over the average citizen.

The result is now clear to see: a year of work on your claimed biggest priority, health care reform, going down the drain. How sad and embarrassing, not to mention devastating, to those millions needing health care and to the Democratic Party and our hopes for 2010.
Your lack of leadership on the health care effort came back to bite you in a very big way. And your lack of urgent response to a banking and financial system run amok — a system that has consistently favored big money interests over those of the average citizen — may prove to be the undoing of both you and the party.

Your rhetoric today on breaking up the big banks may be too little, too late. You surrounded yourself with Wall Street sycophants who, apparently, insulated you from the anger that has been bubbling up from the streets for months.

It makes me sad to have to write this letter to you, but my disappointment is profound.

I hope you begin to understand the real pain people are experiencing in our country. And I hope you begin to see that the average citizen needs a voice — and an advocate — in our government.

The big money interests have increasingly dominated the policy machinery of government, much to the detriment of our democracy (made only worse by today’s Supreme Court decision granting additional campaign money powers to corporations).

And instead of stepping up and stopping this malignant spread, you and your team have embraced and even encouraged it.

I guess I’m not only sad and disappointed, I’m disgusted.

Count me out of your corner for 2012. If I had wanted more corporate-centric Clintonism, I would have worked to elect Hillary.

Perhaps you’ll change. But I’m not holding my breath…

Bob Johnson

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31 Comments

The Guy That Called The Economic Collapse

Nouriel Roubini. Someone to whom I listen.

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Overlapping Presidents

George you have done enough, don’t do any anything else. Don’t even water a plant. It’s like this country was a brand new BMW, George smashes it into a tree, and then tosses the keys to Barack Obama and says, “Enjoy! It’s all yours.”

Funny. But it brings to mind serious questions; like, who is running the country?

Our current president makes few and brief public statements with a limp, hangdog look about him that inspires pity and lack of confidence. Bush is AWOL in the financial crisis and Hank Paulsen is left to call all the shots. Taxpayers have no way of knowing how smart the decisions are. Billions have already been spent and we just don’t have any idea if it is helping. But Bush ensures us that he will keep president-elect Obama ‘informed’.

The person who is willing to take action and who communicates best with America is not yet in office. Obama’s speech from Chicago today totally overshadowed Bush’s statement and illustrated that our president-elect is ready to tackle the difficult challenges facing his presidency, that he has rolled up his sleeves and gotten right to work, even though he has no real power yet. He has announced a massive financial plan. He is getting his cabinet and staff in place and has instructed them to get to work, too. He’ll hit the ground running upon taking office.

Too bad the guy with a plan has to sit on the sidelines marking time for two more months. Couldn’t we just move up the inauguration? Like my dad used to say, “Let’s get this show on the road!”

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