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Will Obama go after Wall Street criminals?

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This article cross-posted from Al Jazeera

The latest crackdown on fraud by the Obama administration may itself be a fraud.

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Like all State of the Union speeches, there was something in it for everyone.

For the patriotically correct, when it bleeds, it leads.

President Obama led his annual SOTU "report" with blood lust by bragging about how he nailed Bin Laden and sends the drones out to bag more feared terrorists than any President ever. 

Go America, Repeat After Me, We're #1!

For the military brass, there was endless pandering about their greatness and how we all need to follow their medaled chests to glory. Never mind the quagmire in Afghanistan.

Go Pentagon Forever!

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For labor, there was lots of talk -- there is always talk -- about generating more jobs, even as unemployment stays high and remains seemingly intractable.

Go Workers: Maybe You Will Work Again!

For business, there was more talk about high tech and incentives to manufacture more in the USA.

Go Business: Do We Have Tax Breaks For You!

For Republicans, there were more outreached hands and an admission that some of his proposals were based on their ideas. The hopes for non-partisanship die hard.

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Go GOP: Can't We Just Get Along?

And for disenchanted progressives, more turned on by the Occupy Movement than the Obama re-election effort, and who have been bugging him lately for some action against Wall Street, there was finally talk of a new financial crimes unit and mortgage fraud crackdown even though task forces that have done little have existed for years.

MoveOn Email #1 Last Week:

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at See

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With Obama a demonstrated treacherous corporate sh... by Robert James on Monday, Jan 30, 2012 at 5:56:56 PM
We can only expect investigations into those who c... by Dennis Kaiser on Tuesday, Jan 31, 2012 at 4:53:20 AM
Criminal fraud tends to have a very short statute ... by John Reed on Tuesday, Jan 31, 2012 at 5:04:51 AM
In Amerika and indeed, in all statist representati... by Ned Lud on Tuesday, Jan 31, 2012 at 5:42:28 AM
It's not only a great way to mollify the 99 percen... by PCM on Tuesday, Jan 31, 2012 at 4:58:45 PM
We Will   We spend the money and those ... by Patrick McGean on Wednesday, Feb 1, 2012 at 5:19:22 PM
There is no way in hell that any sitting ruler wou... by Paul Repstock on Wednesday, Feb 1, 2012 at 6:27:13 PM
Obama is Bush all over again, maybe worse. His jus... by Deborah Dills on Saturday, Feb 4, 2012 at 12:08:56 PM