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Obama announces financial reform effort
Published: 23 April, 2010, 01:46
Edited: 25 April, 2010, 21:48
In a speech in New York, US President Barack Obama declared that his next battle will be against the US financial system, but analyst Gerald Celente says the method is flawed.
Better late than never. It is not going to stop the car wreck of our economy, but the survivors will have something to work with after they pick up the pieces.
MEJanssen, Better late than never /what/ ? Don't you think it's premature to evaluate before the bill is ratified by both houses? There are hints that this is a decoy, perhaps a move to shunt Goldman and replace their rule with the rule of a competing financial conglomerate. After all Goldman wasn't the only conglomerate to contribute to Obama's campaign, and the other participants can rightly (haha, only serious) feel unfairly treated... I agree, though, to the extent that it's not going to stop self-propelling immaterialisation of the existential fabric of American civil society.
Probably more mediocrity from a government largely corrupted by special interests, crippled by factionalization, requiring 60% senatorial support to pass anything, and whose balance of power is determined by a block of swing voters who predominantly form the gullible ignorant coach potatoes portion of the electorate. Long live the republic... Even with all the other problems, without the filibuster I think 2008 would've spawned a great or at least decent government, but alas, twas not to be.
As usual, a great advertisement stunt. US presidency has become an ad campaign. It is the American motto: if it looks good, it must taste good!