Monday, November 3, 2008

Lipstick on a Pig, Part 3 of 3

We pick up from where we left off in Part 2, considering the question of who reaps the political harvest of this economic crisis we are in; we continue reviewing Who's Behind the Economic Collapse? by Cliff Kincaid, October 28, 2008:

Information from the Center for Responsive Politics identifies Goldman Sachs as a "strongly Democratic" firm, having contributed 73 percent of their almost $5 million in 2008 election cycle contributions to Democrats.

Some liberals understand the connection between Goldman Sachs and Obama. "Obama’s number one bundler is Goldman Sachs,” notes John R. MacArthur, publisher of Harper's Magazine, in a release from the "progressive" group calling itself the Institute for Public Accuracy. He was referring to how money from the firm is packaged for the Obama campaign.

"In his book, 'The Audacity of Hope,' Obama talks about how much he likes investment bankers, how bright and liberal they are," says MacArthur. He believes that Obama is a "socialist" only in the sense that he, like Bush and McCain, supports socialism for the rich through the Wall Street bailout.

Socialist or not, Obama is clearly the firm's favorite in the presidential race.

And -- Surprise! Surprise! -- Obama benefits politically from this crisis, as people look to him to save them from the evil speculators.

Lynn Sweet of the Chicago Tribune recently discovered that, on May 3, 2007, Obama had attended an event at the Museum of Modern Art in Manhattan "that was not on his public schedule and is only now surfacing ― a private dinner for Goldman Sachs traders with a discussion on issues moderated for the Wall Street firm by NBC's Tom Brokaw" ― the moderator of the second presidential debate.

Her column notes other Obama campaign connections to Goldman Sachs and mentions that Bloomberg had reported that Obama addressed the Goldman's annual partners meeting 2006 in Chicago.

It is not known, of course, what kind of illegal financial activities may have contributed to the current crisis. But based on what has been publicly said by the President and the SEC, the culprits could possibly include operators of the controversial, mysterious and secretive financial vehicles known as hedge funds.

A hedge fund operator such as George Soros, who was convicted of insider trading in France, is known to make money from the collapse of national economies and currencies. Labeled "The Man who broke the Bank of England" because of his financial activities against the British currency, he is said to be on a witness list of hedge fund operators that will be called to testify before Congress next month―probably after the election.

Isn't it interesting how the candidate that Soros has been backing for years now, Senator Barack Obama, is the main political beneficiary of an economic crisis -- the kind of crisis Soros has been known to generate?

And, isn't it interesting how Senator Obama led the charge in giving over $700 billion dollars of money, borrowed with an I.O.U. signed by the U.S. taxpayer, to financial speculators -- of which George Soros is a very successful example?

Our financial regulatory system is a pig -- corrupt government regulators taking care of their dishonest cronies in the private sector.

And, Barack Obama used his influence (and McCain went along with it, and Bush signed it) to put lipstick on that pig, and sell it to us in a poke. (For my foreign readers: Pig in a poke.)

If Barack Obama wins on Tuesday, the biggest difference we will have beginning in January is that of whose friends will benefit from the corruption and cronyism in Washington, as one crooked regime takes over from another.

Regime change? Change we can believe in!

Please finish reading the originals that I quoted from: Treasury Secretary Looks Out for His Buddies First and Who's Behind the Economic Collapse?


WomanHonorThyself said...

Ah, my friend..we are down to the wire..PRAY for our Nation please!..hugs!

Aurora said...

Yankee, the only 'socialism' they practice is the socialism of billionaires where the ordinary citizen is clamped down and their own banks and enterprises reign supreme. This is a very revealing quote:
"In his book, 'The Audacity of Hope,' Obama talks about how much he likes investment bankers, how bright and liberal they are," says MacArthur. He believes that Obama is a "socialist" only in the sense that he, like Bush and McCain, supports socialism for the rich through the Wall Street bailout.

That is nail on head!

anticant said...

One of the depressing aspects of the election coverage on UK television was the ignorant, empty-headed way so many US voters railed against "liberalism", "socialism" and "communism" as if these spectres were the work of the devil, and without the slightest comprehension of their historical and contemporary meaning. Or of the aspirations for greater social justice which they - however inadequately - have embodied.

It made me feel that McCarthyism is still alive in some otherwise good peoples' minds, and that paranoid fear of the 'other' - whether communism, atheism, or Islam - blinds them to the real problems the US and the world faces.

Obama promises "change". It will be interesting to see what sort of change he actually intends and is able to achieve.

Anonymous said...
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Yankee Doodle said...


Obama in one respect will be no different from Bush or from Clinton -- it will just be a new fox guarding the henhouse. One difference, though, is that since Bush calls himself a Republican, the media goes after some of his scandals, although they are careful not to go too far.

These people used legal means to get Sibel Edmonds, but they used illegal means to damage Valerie Plame. Any of them will do a Vince Foster "assisted suicide" if need be, except that Bush's crowd seems a little more sophisticated and will do something less transparent; the Obama crowd -- connected to Chicago organized crime, for starters -- is much more sophisticated.

BTW -- Right now, the crowd Sibel Edmonds warns us about is after me.


Thanks for stopping in everyone.


WOW, I'm not really strict around here, but your comment is an obvious ad about something totally unrelated to what we do here, so I deleted it. Convince me otherwise, and I can put it back.