Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.

 

Top Obama watchdog: America's 'pretty f**ked'

Published time: August 08, 2012 17:24
Edited time: August 08, 2012 21:24
Neil Barofsky, Treasury Special Inspector General of TARP (AFP Photo / Mark Wilson)

Neil Barofsky, Treasury Special Inspector General of TARP (AFP Photo / Mark Wilson)

If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn fucked.

Barofsky served the watchdog role for the Troubled Asset Relief Fund for years and knows a thing or two about how money and politics are paired in Washington. Now with the current state of the country still causing concern even after his tenure with TARP, Barofsky made little effort to paint a pretty picture to the readers of Gawker.com when offering his input.

In a question-and-answer session hosted on the website this week, one commenter didn’t hold back by asking Barofsky for confirmation on America’s current condition.

“So we're just totally fucked, right?” a user with the online handle grebeck asked. “As citizens, like no-way-out fucked?”

Barofsky eventually responded to the inquiry with a bit of optimism, but not before confirming that fear with a simple, two-word statement.

“Pretty fucked,” Barofsky wrote.

“But there is a way-out,” he added. “We need to convince those seeking or trying to retain power that they will not get our votes unless and until they commit to meaningful change of a financial system. Might not work until we are in the grips of another crisis, but worth trying until then”

In recent weeks Barofsky has used a whirlwind of media appearances to attack the Obama administration — especially Treasury Secretary Timothy Geithner — but even with adamant critique addressing what he considered the country’s current problems, Barofsky now says that there might — just might — be a little bit of hope in terms of turning the country around.

If not, though: yup. We’re fucked.

When Standard & Poor’s announced last year that they had downgraded America’s credit rating, former Obama administration economic adviser Christina Romer had similar words for television host Bill Maher. When asked how the S&P decision would impact the country, Romer told the TV personality that the US is “pretty darn fucked.”

Comments (2)

Anonymous user 20.05.2013 21:39

Separate from USD as much as you can. Get into hard assets such as Silver or invest in CAD

Anonymous user 07.03.2013 17:44

the people in power dont rely on our votes. the voting booths have been rigged for years.

Add comment

Authorization required for adding comments

Register or

Name

Password

Show password

Register

or Register

Request a new password

Send

or Register

To complete a registration check
your Email:

OK

or Register

A password has been sent to your email address

Edit profile

X

Name

New password

Retype new password

Current password

Save

Cancel

Follow us

Follow us