The current economic depression --- and that's what it is, a depression ---- came to a head just as Obama assumed office. In September of 2008, just before the election, George Bush was unable to get his $3 trillion bankster bailout bill through a Democratic dominated Congress. Bush summoned president-in-waiting Obama to DC, where Barack worked the phones for a week, convincing enough Democrats to change their votes and support the Bush bailoiut so banksters would indeed get paid for crashing the economy. After assuming office, Obama gave the Wall Street casinos an extra $15 trillion, quintupling down on the Bush bailout, the most massive transfer of wealth from the poor to the rich in human history. The Obama administration hasn't found a single big bankster or mortgage fraudster to prosecute in three years.
http://blackagendareport.com/content/black-america-paralyzed-powerless-irrelevant-year-4-obama-era
Saturday, January 21, 2012
Olds: Obama's First Act as President Elect
This is what I like about the Internet. You keep sailing it long enough and you can fill in all the gaps in your memory. Here is something I have wondered about. I was not on the Internet at the time and not able to follow the developments closely. But I had a feeling it went something like this:
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