Is Obama’s Wall Street Tough Talk Lip Service?

Do I think that Obama is just giving lip service regarding Wall Street? Of course Not! He is just stating what has needed to be said for a long time. Those greedy guys on Wall Street have taken this country for a destructive ride far too long and it’s about time someone reins them in. Too many people are still suffering because of what they have done and still want to contiue to do if they can get away with it. The President is perfectly justified in saying and doing what needs to be said and done. To heck with all the nay sayers who never said or did anything to avert the Wall Street melt-down when they were the majority. Shame on them.

God bless him he’s trying, but does any rich man know how to handle Wall Street? No; The rich dont take down the rich and thats just the way it is. The way to do it is before Obama became President, President Brush shouldn’t have given any money to the banks or wall street to reward them for doing this to our country. Instead, the people who were resonsible should have all been imprisoned for treason. Next, the credit reporting angentcy’s should have been made illegal because they also let this all happen. Look at what has happened. Houses all over the country are sitting vaccant and the only people who can get into them are the folks again that have only perfect credit! These are the same folks that got into the now foreclosed homes to begin with! On paper they look great but in reality it’s all nothing but a lie. Then here we go again! What needs to happen is since the banks were all given basially a second chance people whom have low credit scores but let say a steady income should be able to get themselves into a house! Give these people second chance at owning their own homes. For instance, I saw a beauitful home that had been foreclosed on and just sitting there with a sign in front that read “NO DOWN PAYMENT OR CLOSING COST! AND YOU COULD ALSO NAME YOUR OWN COMFORTABLE MONTHLY PAYMENTS TO FIT YOU AND YOUR FAMILIES NEEDS!” I called about it and they stated that our credit was too low of a score to purchase it. You see only a rich famiily could live there not us. Yet we are paying over $1000.00 a month in rent we have done so faithfully in every place we have rented. On time too. Yet we still can’t get into a house of our own. No matter what, it seems our credit is always 10 points to low for our own home. You see thats not right! The only way to slove this problem is to make rules saying Americans like us have the right to own a home just as much as any guy out there who has somehow attained a good credit report on paper but has a job that could mean another forecloser any minute. Yes my Husband is disabled and he gets a SSI check every month but at least it is constant. But my Husband also helped in Cambodia to end the Viet Nam War. Our men and women got to home because of what he did for them, why cant we have the right to own our own home? Something is wrong with the way our credit burea’s report credit and that is where the President needs to fix the problem so all of this doesn’t happen again.

From the “fixes” by Jimmy Carter to the “fixes” by Bill Clinton to ACORN and all its “organizers” to our present situation where every enormity and every action that has caused dire consequences since 2006 being traced to a rubber stamp vote of approval by the Democrat Congress it is apparent that our economy’s train has not changed course, but, more than ever, remains on a track straight to hell.
Wall Street owns Obama; the only change we will see is a change for the worse.

No. He is not doing enough to reform the financial sector. He is mainly putting on a big show. I despise the financial sector, almost as much as failed government. The government and its king pin, Obama, need to get rules in place pronto to regulate the financial sector. Why haven’t they done this? Why haven’t they restored the Glass-Steagal act, which Clinton so foolishly eliminated? Why haven’t they restored the uptick rule, which Bush so foolishly eliminated? Why haven’t they given us a single-payer, universal, nationalized pension system, so that we do not have to be dependent on the financial sector to eat when we can no longer work?
Obama and his gang need to wake up to the fact than two entire generations of Americans (over a hundred million of us) had our 401k and 403b savings destroyed by the government-caused 2nd Great Depression in which we now find ourselves. 401k’s and 403b’s were a bad idea to begin with. I predicted that they would not work from the beginning. They are an even bigger failure than even I thought. Two entire generations of Americans will now have to work into their 70’s and 80’s, because they have no way to fund a retirement.
Obama and his gang need to extend to all Americans the access to the federal employee pension system immediately. We need to be given access to a system that will still give us a retirement income irrespective of what the stupid financial sector does, just like the government employees now get. We and our employers will pay into the federal pension system on behalf of ourselves, just as we are already paying into it on behalf of the government employees. We just need to be given access to participate in it, like they already are. Then we would have fairness and equality, which are words that people like Obama and his gang do not understand.

Apparently Obama missed my lead letter to the Boston Globe in Jan 2001 regarding Clinton’s Legacy:
“Clinton’s legacy? It will be as the Neville Chamberlain of the Democratic
party, and for the same reason; that he caved to fascism —- not the old
personalized, nationalist fascism, but a newer ‘friendly fascism’ of global
corporate empire.
Clinton tried to triangulate corporate fascism with a slightly friendlier
version, that could feel our pain while applying it also. He learned too
late that you can’t co-opt fascists by applying half their programs for
them. They will only grouse and continue to do the second half with rougher
hands on the controls.” [As they proceeded to do with their W puppet for 8 years]
Obama apparently does not understand that a (small d) democratic president can not negotiate with corporatist Empire whether it is the overtly fascist old type, or the modern two-party and covertly guileful ‘Vichy’ “inverted totalitarian” empire of which Sheldon Wolin so accurately writes in “Democracy Incorporated”.
Obama’s speech to Wall Street, unlike Ike’s courageous exposure of the MIC Empire and JFK’s more courageous and career-ending American University outing of the corporate/financial/militarist Empire behind the curtain, proves that rather than a hero, Obama is nothing but our fifth successive pre-selected “emperor-president” [Andrew Bacevich's term].
Alan
, Maine