Outspoken University of Missouri Economics professor Dr. Michael Hudson predicted, in Feb. 2010, that President Obama's selection of REPUBLICANS Tim Geithner for U.S. Treasury Secretary, and (re-appointment of) Ben Bernanke for (so-called) 'Federal' Reserve Chairman, would be a DISASTER for the American economy, and for millions of Americans working families -
Deepening Debt Crisis: [Obama's] Bernanke Reappointment: Be Afraid, Very Afraid
by Prof Michael Hudson, Feb. 2, 2010
This should have been obvious to even the most oblivious economics & financial 'experts' at the Meyer/Graham Washington Post, the Sulzberger New York Times, and in the Murdoch Fox 'news' empire, because Geithner and Bernanke were TWO RETREADS from the failed, despised, economy-trashing Bush-II administration - Geithner & Bernanke had PRESIDED OVER the markets' FINANCIAL COLLAPSE of October 2008!
Well, now American are paying the piper's price for the LIES by omission & commission of the Times, the Post, Newsweek & Time, CNN, Fox, ABC, NBC, CBS and other major media 'news' outlets - RIGHT-WING PROPAGANDA ORGANS - FAILING to CALL OUT Mr. Obama on his CAMPAIGN TREACHERY, telling Americans in every waking moment of campaign 2008 that he was going to deliver "CHANGE," but, upon becoming President, DELIVERING MORE OF THE SAME,
MORE of BUSH's FAILED, ECONOMY GUTTING banker friendly policies and economy gutting bankster hacks.
This week, Dr. Hudson recounts the tragic costs of Mr. Obama's treachery, lies, and "of, by, and for Goddamn-Sachs," "bankers uber alles" financial larceny and American economic sabotage:
President Barack Obama - Always the Bankers’ Whore[note; Barack Obama is running a RADICAL RIGHT-WING PRESIDENCY! He has MAINTAINED the Neo-Cons war-lobby, police-state, and financial swindlers agenda of Bush & Cheney, Libby, Wolfowitz, Timmy Geithner, Hank Paulson, Alberto Gonzales, Michael Mukasey, Michael Chertoff, and other radical Right-Wing Republican Neo-Cons!!]
Obama’s New Populist Fakery
by Dr. Michael Hudson, author of "Obama's Class War, REPUBLICAN [style] Presidency
October 7, 2011
The seeds for President Obama’s demagogic press conference on Thursday were planted last summer when he assigned his right-wing Committee of 13 the role of resolving the obvious and inevitable Congressional budget standoff by forging an anti-labor policy that cuts Social Security, Medicare and Medicaid, and uses the savings to bail out banks from even more loans that will go bad as a result of the IMF-style austerity program that Democrats and Republicans alike have agreed to back.
[this is INTENTIONAL ECONOMIC CONTRACTION - INTENTIONAL economic SABOTAGE - by Robert Rubin, Larry Summers, and other policy setting dictator hacks in the Obama presidency - just as Dr. Hudson explained that Rubin, Summers, Goddamn-Sachs, and Harvard did to Russia in the late 1990s.]
The problem facing Obama is obvious enough: How can he hold the support of moderates and independents (or as Fox News calls them, socialists and anti-capitalists), students and labor, minorities and others who campaigned so heavily for him in 2008? He has double-crossed them – smoothly, with a gentle smile and patronizing pattern talk, but with an iron determination to hand federal monetary and tax policy over to his largest campaign contributors: Wall Street and assorted special interests. The Democratic Party’s Rubinomics and Clintonomics core operators, plus smooth Bush Administration holdovers such as Tim Geithner, not to mention quasi-Cheney factotums in the Justice Department.
[Made possible ONLY by the COLLUSION of Obama's nominal political 'enemies', such as Fox 'news,' who report that, not only is any opposition to Obama's, "of, by, and for bankers & the wealthy" agenda, is "socialism" or "communism" - but that Obama's "of, by & for bankers & the wealthy" agenda is socialism for the lower-classes... when it is quite the opposite!]
(Dr. Hudson continues) - President Obama’s solution has been to do what any political demagogue does: Come out with loud populist campaign speeches that have no chance of becoming the law of the land, while more quietly giving his campaign contributors what they’ve paid him for: giveaways to Wall Street, tax cuts for the wealthy (euphemized as tax “exemptions” and mark-to-model accounting, plus an agreement to count “income” as “capital gains” taxed at a much lower rate).Barack Obama is THE MOST CORRUPT PRESIDENT in U.S. history - he is as bad as Bush & Cheney, but more so, because his despicable treachery is killing the Democratic Party and any coherent opposition to the COLLUSION between GOVERNMENT and Wall Street CRIMES.
His SEC (Securities & Exchange Commission) and CFTC (Commodities Futures Trading Commission) ARE A SAD, SORDID JOKE - they - the SEC & CFTC - are CRIMINAL OPERATIONS, they REWARD CRIMES on Wall Street and in America's critical financial markets, because BANKERS are, and have been REWARDING THEMSELVES for FRAUD, and Mary Schapiro and Gary Gensler are FRAUDULENT chairs who are DEFRAUDING Americans out of tens of billions of dollars -
Obama's presidency PRACTICALLY A BRANCH OFFICE of vampire, economy killing, BAILOUTS sucking mass-murderous Welfare Queen GODDAMN-SACHS -
A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid’s Tentacles FireDogLake.com, April 2010 http://my.firedoglake.com/fflambeau/2010/04/27/a-list-of-goldman-sachs-people-in-the-obama-government-names-attached-to-the-giant-squids-tentacles/
Obama Administration: Goldman Sachs from Top to Bottom
by Kurt Nimmo, InfoWars.com, May 15, 2010