Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

Saturday, February 21, 2009

Barack Obama: Wall Street Grades The President?

Breaking News - Sources have confirmed and it can now be revealed:

Wall Street has given the Obama Administration's stimulus plan an 'F'

This news is excellent. I mean it. I live in Los Angeles and all too often "breaking news' means it has started raining or the Beckham's have arrived at LAX. But I'm going to take it easy on the networks. After all, I think the KCAL 9 weather girl is my second cousin...now if I can just find Jackie's phone number...

Oh, yes, the issue at hand, that report card. For awhile I had been concerned that 'The Street' might have something good to say about the President's stimulus plan. Consider these grades issued by Wall Street in recent years:

Bernard Madoff AAA+
Countrywide Home Loans AAA-
Enron A+

As you can see, adding Barack Obama's name to this list just wouldn't have made any sense. But I defer to Groucho: "I refuse to join any club that would have me as a member." All I have to say is - You bet your life...

Wednesday, February 11, 2009

The Economy: Capitalism Tanks, Wall Street & Pigeon Shit...

The banking CEO/CFO cartel that created this financial mayhem should be dragged into Central Park and be pilloried. 

Let snow, rain and pigeon-shit replace the piles of money they have been bathing in throughout the derivative debacle. This is how healing needs to begin in America. 

That Treasury Secretary Tim Geithner needs to explain his plan to the very cartel that pulled off the crime is preposterous. He should have held the press conference the night before, instead of the President. 

Bring the recovery plan to the American people. Not the creeps who receive massive bonuses as they stand amidst the financial ruins they engineered.

Instead, make the American people the focus of Mr. Geithner's attention. These are the people who, in the end, had better be impressed.

Everyone was waiting for Mr. Geithner to come down off the mountain, toss the tablets at Bernard Madoff as he rode the golden calf, and restore prosperity. It didn't happen. Speeches work miracles, but mainly in movies.

The financial industry is not alone in this. Those without the means to buy a home suddenly qualified. We were taught that absolute power corrupts. And then witnessed it occur.

A generation sacrificed to make a better life for their children. Hard work, long hours and saving. It was their last gasp before being trampled by their offspring in a bull-rush shortcut to the American dream.