Just a stating-the-obvious reminder, each and every taxpayer should have recieved a pro rata share of this N+1$Billions theft instead of having it go to the banksters, both foreign and domestic.

Mr. Orama is no sharp student of Lincoln as he would have us believe for Mr. Orama has not fooled one of us for one second. Moreover, even the dullest fool here has been awakened to the cheat, and when a dullard finally figures something out for himself no amount of smooth talking will dislodge this new-found truth.

So now I just hit the mute button when he speaks, why would I want to hear him lie that unemployment MIGHT reach 10% when he KNOWS the real number is around 20%? Or in the case of his saying that things are going to get worse why would I wait to hear him say he was wrong on the give-away? As if he's going to say "I'll get the money back with interest and then divie it up among the single taxpayers...."

He's not getting my vote again-- a one-termer who will no doubt go to work for Goldman Sachs when he leaves office in '12

Yes, Mr. Scheer, you were naive, to put it kindly. Next time you vote, look deep into the candidate's character--and record--and then decide if s/he is the person you want representing you. At the end of the day, character is all that matters. Good people tend to make the right choices/decisions. They may not be right all the time, but then who is?

I find it interesting that Scheer completely fails to mention Phil Gramm in his "dissection" of the causes of the foreclosure crisis.

The failure of the bank bailouts to ameliorate the foreclosure problem is hardly surprising because the bailouts were not designed to do so. Their purpose was simple: to rescue the irresponsible bastards who created the mess from their own greed.

q

The banks and financial institutions have received/been promised $12 trillion.

Obama's stimulus plan for the huddled masses clocked in at about $900 billion.

This is roughly a ratio of 12 to 1 in favor of the money changers.

This is trickle down that'd make even Ronald Reagan blush, courtesy of the liberal president from Illinois.

"...accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world..."

And yet, after Scheer lists the grievances in but one focus of ongoing abuses, he concludes with:

"Please, Obama, prove me wrong."

"...all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed..."

anybody else wonder if the bailout was part of the plan all along? several years back, when lenders began soliciting within high-risk demographics, sporting questionable financial 'products' that required little, if any, sacrifice up front, and confusing repayment terms that wouldn't kick in until a few disarming years down the road, did no one else wonder why on earth any financial institution with sense would do that? one might argue they'd run out of conventionally sound customers, but perhaps they were simply working their part of the 'arrangement'...it doesn't take a rocket scientist to understand that our current economic model ~ global industrial manufacturing of disposable product using a finite planet as the sole resource for the raw materials and the sole repository for the resulting waste ~ is going to come to a grinding halt one day...if you figure jobs are going to tank as a result, which, in turn, would throttle the enormous flow of income taxes to the federal government (the gobs of money you so love to play with, the money that gives your life meaning), you'd have to act quick, amid a 'crisis', to get your hands on that huge pile of loot before it gets piddled away...as a bonus, you hook a fish with one of these 'products', and they default, due to economic realities, why, you get the real estate back, too...

so, what do banks do with a bunch of empty real estate and no employed clients?

keep a close eye on the social security money...

Indeed, RS - why were you so naive?

You know, at least if McCrazy had won, we'd be getting our daily screwing without the cover of the pretty words too many are willing to swallow whole...

Sioux Rose

The two things that stand out to me is how it's possibly legal that individuals so loyal to banking institutions can rotate through the revolving door into government "service" and then rush back out to so nakedly serve the banking puppet masters? The nation's TRUE interests ostensibly sold out in broad daylight!

Second, as per the priorities, that a ridiculous sum went to shore up banks which have done nothing to repair their own leaks (as in derivatives, "worth" based on betting on debt!) instead of necessary help to a sovereign state, i.e. California.

This is such a blatant theft of the public's money to serve NO humane purpose... and we hear about expenditures for war, or enormous sums spearheaded for banks, but there's never a dime for education, repairing bridges, feeding the hungry, or establishing a universal system of health CARE.

I hope history endures beyond this era so it can write about the folly and depravity, the crimes that go for "business as usual" in this nation that has fallen so low. The opposition of Pluto, the planet that will tear down in order to rebuild, is not yet in its peak stage; and it's so evident the ROT is all issuing from within. Turning the trainwreck that America has become around will not be the work of the faint-hearted, and I personally hope that Divine intervention assists our human efforts.

It's not the banks who are to blame but the stupid consumers who failed to read the terms of the contract before signing the papers. Bankers are not mean and I've met the nicest of them in NY. You welfare queens can bash the banks all you want but without them, you wouldn't know where to store your money. Obama did the right thing bailing out the banks and it has just been reported that the mortgage collapse is now abating. Next year, the markets will be roaring and year after year too and then you pantywetting Naderites will just have to shut up and give it up. LOL !

"Why was I so naive as to have expected this Democratic president to not do the bidding of the banks when the last president from that party joined the Republicans in giving the moguls everything they wanted?"

Oh brother. Here we go again. There were plenty of red flags from Obama all throughout his campaign. This is what happens when people do not vote with their hearts and minds on the issues but instead but party and glitzy "personality" first. The author asked for it. Let's see what percentage of the voters by 2010 and 2012 put issues first over party. If Republicans or Democrats win, unless they're really different and truly populist from their incumbent counterparts which is highly unlikely, our ignorant cornfed public will once again not have learned its critical lesson.

By the way, I remember reading an excellent suggestion from Moondoggy about the need to go local on our currency. Come to think of it, I love the idea of doing away with national currency and turning to local currency. That way, Washington can no longer bully states or keep doling out our tax dollars to those corporate criminals. Monsanto won't last long in St Louis City if the city switches to their local currency. By going local, people will stand a better chance of getting their deserved bailout instead of the corporate criminal perpetrators who don't live locally and yet get our tax dollars thanks to the middlemen puppets in Washington.

0 could help the economy or try to reorient wage-slavery so labor keeps scrambling for capital.

Could he have doubted which one stealing for banks satisfies?

Why were so many so naive? Search: your answer may help others.

--- Were you paying attention selectively?
--- Was the romance of an African-American leader seductive? (I wept but voted Nader)
--- Do you find yourself repeatedly stunned at American psychopathy, almost as though it were new each time?
--- Does Hope trump Truth?

I have suffered from these. But let's put the faiths of tender moment aside in judging politicians.

No lone psychopath ever murdered as many as any recent American president.

yo b.
ya gotta check out
the statistics of
adolf and stalin
the boy george
failed here
also

maybe o. can
do it

such a waste
to try
ken

Bob Scheer asks an interesting question: Why did he expect better of Obama. Should have joined those of us who didn't vote for Obama. Never mind the economics, Obama supports torture and illegal detainments without trial. Beyond the pale.

As for the question asked by another commenter about what Jesus would do in regard to the money changers, Jesus was quite specific. To gain the grace of God the rich man must sell everything he has and give the money to the poor. Look it up.