Change? What change? As if we didn’t see that we would get a continuation of the failed policies of the previous 28 years before the inauguration:
– Goldman-Sachs was the second largest contributor to Barack Obama’s 2008 presidential campaign
– Obama secected Larry Summers to be the Director of the White House Economic Council. Among other actions, Summers recommended to President Clinton that he sign both the Commodities Futures Modernization Act and the Financial Services Modernization Act (aka Gramm-Leach-Bliley).
– Obama nominated Tim Geithner to be his Treasury Secretary
– Obama renominated Ben Bernanke to be Fed Chairman
– And the latest: Obama has tasked Bernanke and Geithner to find suitable replacements for several retiring Fed Governors, virtually assuring that the failed Reagan-Greenspan-Clinton-Bush policies will continue.
Are we not judged by the company we keep?
Between 1980 and 2008, the Gini coefficient, which measures the wealth inequality between the richest and poorest Americans has risen from 40.3 to 46.6. At this rate and with the same ideological foxes guarding the henhouse, the disparity is certain to grow.