Monday, June 8, 2009
Tension Grips Obama's Economic Circle
Because it is the same cabal (Paulson/Rubin/Summers/the Fed), which under the Clinton administration and with the help of complicit Rethuglicans/Dumcrats during the 90's, laid down the foundation for the current "perfect storm". This, in particular, included this cabal's neutering of the SEC from regulating the deirvatives market and the passage of the Gramm-Bliley-Leach Act (effectively ki//ing the Glass-Steagall Act and leading to the "too-big-to-fail" banks like Citi). These two acts alone qualify for treason and lifetime of jail sentences, but here we are - letting the same cabal run the show again; God help us all.
On this one issue, I disagree with Krugman, who pins it on St. Reagan. Reagan has done plenty wrong, but this "perfect storm" cannot be attributed to him. This one is absolutely a Clinton/Congress stinking rose, now pinned with a rusted nail on our collective chests!
Read the Article at HuffingtonPost