I can no longer sit idly by on the sidelines, today's dog and pony show was just too much to bear. Once again we have idle promises and smoke and mirrors. Worst of all it's outrageous, and wrong.
First we have to hear our illustrious President talk about the evil banks and how "if those financial folks (when did a bank become a folk? hmmm) want a fight, I'll give them a fight".
What's wrong with this picture? Aren't these the same evil banks that the US taxpayer bailed out to the tune of 100s of BILLIONS? Aren't these the very same banks that didn't get into trouble due to hedge funds and real derivatives, but rather derivatives that came about by the very same soon-to-be NON banks like GS that now will reap the rewards of not being a bank, when they chose to be one when it was good to do that?
Of course they are, and of course this is all nonsense, total rubbish. I'm sorry, but its a little late to the party to be telling anyone that you'll fight those financial FOLKS. You should have fought them before you bailed them all out and before you helped create another bubble with GS up 150%, MS up 400%, BAC up 400%, C up 200% and the list goes on and on and on, from their bottoms.
This "plan" is nothing more then a blatant attempt to mask a dozen other bad decisions and try to appease main street, or the good people who don't invest in the market, of which over 50% of the country doens't.
Everything has a very big agenda that isn't even cloaked anymore, its all right out there as though we are idiots and don't realize what's going on. Well, we do and I'm tired of it.
Once again the institutions who need the reigning in will benefit from this, making GS and MS and others in that sector even more powerful. It's very scary, indeed.
Item #2 is this Supreme court decision which effectively allows corporations to try to buy elections, and which skirts all the donation laws. For example, if JPM wants O'Bama or anyone for that matter, reelected they could run smear campaigns and instead of only being allowed to donate up to a specific amount, they can now throw the campaign limits out the window and engage in any ads they want.
This is the exact opposite of what we voted in as a nation = CHANGE. Right now the only thing I see is more of the same.
We are run by a few select corporations, and its not good. Not good at all.