Obama's Secret Plan

[robertpaulsen]

Obama's Secret Plan
by Charles Hugh Smith

snip

If you set out to completely discredit the bankers and eviscerate their political power, you'd proceed exactly as Obama has done, enabling it to reach its reductio ad absurdum conclusion of fat bonuses and tax-funded bailouts in the trillions of dollars, at which point the public will rise up in fury, doing the work which was impossible for you, a new "liberal" president.

Imagine the uproar had Obama sought to send the bankers straight into deserved bankrupty and eliminated their looting; he would have been thwarted and second-guessed at every turn by politcos, pundits and the ultra-wealthy Aristocracy whose perks and privileges were threatened, not to mention a Republican Party spoiling to be spoilers.

What better way to discredit the bankers than to give them plenty of rope to complete their tarnished, fraudulent "plan to save Capitalism from itself"? How can they complain when their own bankrupt policies have been supported?

What better way to trigger "change" that even the banking Aristocracy are powerless to stop than to give them everything they want: no restrictions on stupendous bonuses, no punishment or prosecution, no mark-to-market rules with actual bite, no limits on accounting legerdemain, and on and on and on?

more...

http://www.oftwominds.com/blogapr09/obamas-secret-plan04-09.html

[blindpig]

1. Unbelievable

Really unbelievable.

[shraby]

2. Good to see you're around again RP

Interesting take on the bank mess. It seems Obama likes to let people make their own nooses..like the party of NO did, Cheney is doing and probably the banks too. He's also letting the party of NO decide they want to have a simple majority to pass his agenda on health care. Isn't it great to have a thinker in the WH?

[robertpaulsen]

4. Hey shraby, good to see you too!

This article certainly hints at an interesting possibility. And since we have someone in the White House who might prefer playing chess vs. our previous Resident who probably prefers playing charades, there might be some deep thought and real strategy that went into tackling the economy Dumbya destroyed.

[shraby]

5. I have confidence that he knows what he's doing.

It's a matter of wait and see mostly how long it takes for the nooses to tighten enough to be able to prosecute some deserving perps.

[Truth2Tell]

3. LOL, and Nixon had a secret plan

to end the war.