Is Obama the Financial Dubya?

[HotRocks]

Thought-provoking commentary by Umair Haque as he asks Is Obama the Financial Dubya?

Spurred by a New York times article that equates bailout funds with war bonds because part of the plan encourages large financial firms like BlackRock and Pimco to create mutual funds punchable by the public and based on the performance of the government's huge bailout, Haque questions just how transparent and open-minded the Obama administration is when it comes to the financial realm.

He draws a list of parallels to the Bush administration:

1) Obama has discarded the advice of nearly every eminent economist in the world.
2) To go with the advice of "his" team.
3) Because access to him is apparently controlled tightly by Summers and Geithner.
4) So Obama is bubbled from the growing disbelief at his lack of economic literacy.
5) A plan that is likely to result in massive looting is blindly sailing ahead.
6) Policy is clearly biased in favour of those who can afford to buy it. Hence, banks win — again.
7) And it doesn't matter if policy works or not — so we get perverse policy after policy.

And concludes that: the same toxic managerial dynamics that poisoned the Bush presidency are already at work in the Obama administration's economic policy-making.

Doesn't seem to bode too well for the future.

[ninakat]

All true, and of course Obama isn't just the Financial Dubya, he's the Foreign Policy Dubya, the Domestic Surveillance Dubya, and so on.....

[mos6507]

the Foreign Policy Dubya

Oh, so he's invading a country on false pretenses, refusing to negotiate with the axis of evil, sending prisoners to guantanamo?

You're a dolt.

[picasso moon]

the Foreign Policy Dubya

Oh, so he's invading a country on false pretenses, refusing to negotiate with the axis of evil, sending prisoners to guantanamo?

You're a dolt.

Hear of a country called Pakistan? That's exactly what Obama is doing, except for Gitmo,  and that's because he's sending them to Bagram,  which is a lot closer.
As for Summers and Geithner controlling access to him: he selected them, in fact they were his advisers before he was elected, as was Rubin, and well before them came Penny Pritzker, mother of the subprime scam. He's not some innocent being held hostage,he knows perfectly well what he's doing.

[Katz]

I thought Dubya was the financial Dubya

[mos6507]

Hear of a country called Pakistan?

Hah.  If we were really at war with Pakistan nukes would be flying on both sides.  A few drones going over the border is not equivalent to the invasion of Iraq to find weapons of mass destruction that weren't there.  Subtlety is lost on most doomers.

[Penguins Eye]

Isn't it a good thing that he's the financial Dubya? I mean... isn't this what the planet needs sooner rather than later? If he does push the global economy into the epic crash that we're all expecting, then wouldn't he end up being the hero who did the right thing even though on the face of it it appears to be the wrong thing? And even though the entire planet will want him hung, drawn and quartered for it, he still went and did it anyway? I would have thought all those anti-globalisation people would be dancing with glee over Obama's continuing "mistakes" that are pushing America further and further down the shithole...

Unless of course, his plan actually works.. in which case we're really screwed.

[quick]

Hear of a country called Pakistan?

Hah.  If we were really at war with Pakistan nukes would be flying on both sides.  A few drones going over the border is not equivalent to the invasion of Iraq to find weapons of mass destruction that weren't there.  Subtlety is lost on most doomers Obama supporters. <---I fixed that for you

Give it a little time and you will see what subtelties are working there now !!

[picasso moon]

As if we can be  only a little bit at war with Pakistan. "We're not really at war there, we're just firing missiles and killing them". The Obama team has made it quite clear, it's now the Afghanistan/Pakistan Theater, Af-Pak for short. Petraeus, Gates have used the term. Say, wasn't Gates also Dubya's sec of war?

[FullRefusal]

He is ignoring reality and pushing the Wall Street Agenda of his controllers obviously. You are all Reality Dubya's and it's sad you are think Obomba is some kind of change....

[john galt]

I thought Dubya was the financial Dubya

 

Yeah...let's not forget who's watch this fuckery started under, shall we?

[picasso moon]

This "fuckery" started under FDR, if you really wanna get into it, the US gov't has been in crisis management mode since then.

[mos6507]

As if we can be  only a little bit at war with Pakistan.

We're not at war with Pakistan.  The government of Pakistan is on our side.  Pakistan has lost a lot of troops themselves fighting in Waziristan.  Going after them is in their best interest.  Pakistan suffers a lot at the hands of islamic extremists.  This issue is not as black and white as extreme pacifists think it is.

[picasso moon]

I'm no "extreme pacifist". The US is at war with the people of Pakistan, and the fact that the gov't of Pakistan is siding with the US doesn't change that fact any more than it did back when the gov't of "South Vietnam" (a fictitious entity) sided with the US in its war on the people of Vietnam. The war has nothing to do with "terrorists" and "extremists", it is about control of access to oil and gas, heroin, and (most of all) US domination of Central Asia and consequently Eurasia, a key to world domination,
http://www.globalresearch.ca/articles/RUP111B.html 
Brzezinski is refreshingly honest even if brutal.

[FullRefusal]

I'm no "extreme pacifist". The US is at war with the people of Pakistan, and the fact that the gov't of Pakistan is siding with the US doesn't change that fact any more than it did back when the gov't of "South Vietnam" (a fictitious entity) sided with the US in its war on the people of Vietnam. The war has nothing to do with "terrorists" and "extremists", it is about control of access to oil and gas, heroin, and (most of all) US domination of Central Asia and consequently Eurasia, a key to world domination,
http://www.globalresearch.ca/articles/RUP111B.html 
Brzezinski is refreshingly honest even if brutal.

Refreshing Picasso. Most people on these forums are in Denial of the way the world and our country truly work.