Sunday, March 22, 2009

Obama's "Katrina Moment"



It's really amazing that a politician as smart and astute as Barack Obama would allow conservative Republicans to get ahead of the populist outrage over AIG and the whole tax payer bailout of Wall Street banks and financial institutions that created the greatest economic crisis since the Great Depression. Once again Democrats have failed to be the party of the working class. Republicans have been able to (hypocritically) point out the financial and political connections between Democrats in Congress, and even the Obama Administration, and these corrupt "welfare queens" on Wall Street.

If Obama is going to be politically successfull, he MUST quit following the failed ideas of Wall Street Insiders like Timothy Geithner and Lawrence Summers and listen to the populist uprising and take on the corporate elite.

Frank Rich: Has a "Katrinia Moment" Arrived?
William Greider: Obama Told Us to Speak Out, but Is He Listening?
Paul Krugman: Zombie Financial Ideas
More Despair Over Geithner Plan
The Voters' Uprising: Pres. Obama, What Are You Thinking?

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