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OpEdNews Op Eds    H3'ed 12/21/09

Obama Year One: Betrayal and Failure (Part I)

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He opposes impeaching Bush and Cheney or prosecuting all high-level torturers, and overall had a more Republican than Democrat voting record. It's unsurprising as on war and peace, Israel/Palestine, Wall Street, and most things business, it's hard telling the difference.


In the Senate, he earned his bona fides, showed he was "safe," and once elected hasn't disappointed - the powerful, that is, not the people growing increasingly discontented for being betrayed by a leader no different from the rest.


Pre and Post-Inaugural Appointees


From transition to his economic, national security, and other high-level team, most are former administration officials - from Wall Street, the military, and other key power centers for continuity, not progressive change he disdains. The result has been the worst of all possible worlds, including permanent wars, eroded civil liberties and social services, and plundering the nation's Treasury for Wall Street while ignoring the public interest.


Wall Street's Financial Coup d'Etat


Like his predecessor and previous ones since Ronald Reagan, Obama put a criminal cabal in charge of furthering the greatest wealth transfer in history - from the public to the top 1%, unfettered by rules, regulations, the law, or onerous taxes. It's designed to keep offshoring high-paying jobs, wipe out the middle class, hollow out America, turn it into Guatemala, centralize power, end social services, destroy communities and local infrastructure, and leave poverty, unemployment, homelessness, hunger, a permanent underclass, and despair in its wake under militarized tyranny for enforcement.


From her experience as a high-level Washington/Wall Street insider, Catherine Austin Fitts describes the process that:


-- "Engineered a (1990s) fraudulent housing and debt bubble," continued under Obama with a planned larger than ever one planned; more on that below;


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VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

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