Thread: Paul Krugman: Why would anyone bother to listen to him?

Originally Posted by attaboy

Obama is a socialist.

Obama sure has some funny ways of practicing socialism. From the onset he allowed Wall Street insiders run his economic team. Obama pushed through a financial reform bill that was so pro-Wall Street that the banking stocks rose after it's passage was guaranteed. Obama also fashioned a medical plan that will force Americans to buy overpriced private health insurance (ignoring any sort of public option). The health insurance stocks haven't exactly plummeted since the Obamacare bill passed (shareholders of HUM, CI and AGP don't seem too scared of socialism). The Wall Street banksters who are plundering the economy under Obama's watch are hoping that disgruntled Americans like yourself keep wasting their time arguing whether Obama is foreign-born, socialist, Marxist, Muslim or worse.

From Matt Taibbi's article "Wall Street's Big Win":

"what happened to our economy over the past three years, and is still happening to it now, was not an accident or an oversight, but a sweeping crime wave unleashed by a financial industry gone completely over to the dark side. The bill Congress just passed doesn't go after the criminals where they live, or even make what they're doing a crime; all it does is put a baseball bat under the bed and add an extra lock or two on the doors. It's a hack job, a C-minus effort. See you at the next financial crisis."

Wall Street's Big Win | Rolling Stone Politics