Barack Obama, Chief Executive of the Wall Street-Government Conglomerate


Barack Obama promised wholesale change, loftily promising, amongst many other things,  to reform immigration, healthcare, and wall street

Yet it seems that the much of the “change” that Obama promised is, in fact, the reverse.

On the immigration front, Obama’s administration has amped up enforcement, leading to record levels of deportations.

On perhaps the most important issue, the Wall Street-Government Conglomerate is as active as ever, fraudulently enriching themselves at the expense of everyone whose net worth is below $100 million.

Matt Taibbi of the Rolling Stones did some investigating and, lo and behold,  found that the highest level of government is profoundly corrupt: 

In August 2009, John Mack, at the time still the CEO of Morgan Stanley, made an interesting life decision. Despite the fact that he was earning the comparatively low salary of just $800,000, and had refused to give himself a bonus in the midst of the financial crisis, Mack decided to buy himself a gorgeous piece of property — a 107-year-old limestone carriage house on the Upper East Side of New York, complete with an indoor 12-car garage, that had just been sold by the prestigious Mellon family for $13.5 million. Either Mack had plenty of cash on hand to close the deal, or he got some help from his wife, Christy, who apparently bought the house with him…

It’s hard to imagine a pair of people you would less want to hand a giant welfare check to — yet that’s exactly what the Fed did. Just two months before the Macks bought their fancy carriage house in Manhattan, Christy and her pal Susan launched their investment initiative called Waterfall TALF. Neither seems to have any experience whatsoever in finance, beyond Susan’s penchant for dabbling in thoroughbred racehorses. But with an upfront investment of $15 million, they quickly received $220 million in cash from the Fed, most of which they used to purchase student loans and commercial mortgages. The loans were set up so that Christy and Susan would keep 100 percent of any gains on the deals, while the Fed and the Treasury (read: the taxpayer) would eat 90 percent of the losses. Given out as part of a bailout program ostensibly designed to help ordinary people by kick-starting consumer lending, the deals were a classic heads-I-win, tails-you-lose investment.

It is essential to read the whole article, as it effectively illuminates a horrifying situation: the government of the United States of America, made up mostly by members of the Democratic and Republican party, is  stealing its peoples’ wealth and redistributing it to the mega-wealthy.

Everything else is political theater. Frankly, in our current two-party system, there is no genuine choice in elections. Vote Republican, we lose. Vote Democrat, we lose. And third-party candidates, such as Ron or Rand Paul, are false prophets.

Yes, the Paul-duo are some of the few that deign to ask serious questions of the current power monopoly. But they too play into the “look over there while I rapaciously devour your soul” strategy. Both the Pauls have come out in favor of repealing birthright citizenship, despite the fact that there is little if any evidence that it is good policy to do so. In this folly, the Pauls enable a crucial component of how the conglomerate is untouchable: manipulate human flaws to create blinding populist anger.

After all, it is much easier for the average American to bemoan the “illegal invaders” than to breakdown a multi-layered, incomprehensible back room deal that includes exciting words like “derivatives” and “credit default swaps”.

But it is not just the populist likes of the Pauls that contribute to the status quo.  Tirades against anti-gay marriage,  capitalism, and deregulation are some of the foundational tools for riling up the left just as tirades against illegal immigration and abortion are used to rile up the right.

With such a nice soup of “us v. them” at a perpetual boil,  the powers that be sit smugly in their snappy mansions, condescendingly laughing at the masses.

A simple request: don’t buy the propaganda, it will only postpone the pain to come.


Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: