What are you personally going to do about it? Just curious.

I have already done what I could. For some time there has been nothing left for me to do but to watch my predictions come true. My predictions include food riots and old people dying in the streets. Tent cities already number in the thousands, and it hasn't even gotten ugly yet. After that, it will be weird ugly.

There never was much chance that Obama wouldn't sell out the country. As frequently noted, only corporatist candidates are able to get the funding needed to run for president and for most senate seats. Americans are still allowed to vote just to make it look good, but the corporatists who run the show don't really care either way who gets elected, so long as they get to pick the candidates.

There really hasn't been much hope for the country since the Federal Reserve was created, which enabled the global banking cartel to eventually take control of the US economy and plunder it systematically. FDR should be credited with reversing and delaying the process of devolution into an impoverished totalitarianism for fifty years. It has taken all this time for FDRs reforms to be successfully undermined, and it is no longer possible to further delay the march into the abyss.

dick dworkin

It is truly strange that a combination of religious lunacay, sexual hysteria, xenophobia and sociopathic greed has apparently convinced half or nearly half of the american population that they would rather collectively commit social and economic suicide that accept the need for PUBLICLY CONTROLLED rational regulation of business and a social safety net.

The Limbaughs and Becks take care of brainwashing the wingnuts, but it takes an Obama to sell phony policies to the liberals, many of whom still haven't figured out how deeply he has betrayed them.

Robert Reich

So how can the Dow be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because they have no money?

The Obama administration is giving away the US Treasury to the global banking cartel, and they are buying up the stock markets.

They aren't about to lend money to Americans because Americans are bad credit risks. And they're bad credit risks because the financial industry is bankrupting them. The big banks no longer have any need to do actual business except to make it look good, because they can now take their profits directly from the federal government.

The sheer expanse of the larceny hasn't yet been discussed. The Obama administration is effectively allowing the financial industry to trade their fictitious paper losses for real assets. It's not just a swindle. It's a bigger swindle than all other swindles in history put together. The US is being actively given away to the global banking cartel just as fast as they can perform the transactions. They're buying up stocks with the trillions stolen from the American people, and have only a few trillion left to go before they own everything that's up for sale.

The market has never been free.

There is no such thing as a "free market". Either markets are regulated or they are dominated by their largest players.

Adam Smith's conception was that markets would be "most free" only by preventing their domination by the largest players, and that this would require government regulation.

Not that it matters anymore. The US has gone corporatist, and eventually even the pretence to "democracy" will be dropped. The US middle class is being bankrupted to remove it as a mere aberration of history, and soon the historical model of a wealthy class ruling a mostly impoverished population will be reimposed.

And that, as they say, will be that.

All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.

Adam Smith

every prediction of doom and gloom by the far right has been wrong

Every prediction of catastrophe by us realists has been dead on.

No, no, don't thank me. I tremble at your doom.

Obama is making arguments for Wall St. greed that sound like the worst propaganda of fatuous neoconservatives:

“Why is it,” he asked, “that we’re going to cap executive compensation for Wall Street bankers but not Silicon Valley entrepreneurs or N.F.L. football players?”

http://www.nytimes.com/2009/09/21/opinion/21krugman.html?_r=1&ref=opinion

What Mr. Obama is blind to is the fact that Silicon Valley entrepreneurs and NFL football players didn't crash the economy and aren't in a position to do so, and that Wall St. is already helping themselves to whatever they want out of the US Treasury. The blindness is willful.

Obama has drunk the Kool-Aid.

The last hope for the US was that Obama would challenge the banks and initiate real reform, but no, he's done the opposite and has established reformist pretences instead. It's rather telling that Obama has continued all the policies of the Bush administration favoring the financial industry and favoring military imperialism. Unlike Bush, Obama appears to be a competent neoconservative.

Obama's campaign was nothing but a steaming, reeking, leaking pantload. Even his "health care reform" is little more than another vast giveaway to the financial industry and another gigantic rip-off of the country. The US has been suckered into its own destruction, apparently deliberately.

The banksters own more than congress. They own the presidency. They own the US, and they're liquidating it as fast as they can because they have no use for it as anything but a corpse to bleed dry of its wealth.

It's over, Amerika. Obama is giving away the country to the global banking cartel.