President Obama is NOT a tool of the banks/MIC, a liar or a murderous warmonger

[JackRiddler]

33. What is the administration's policy on banking?

When it transitioned to power in 2008-9, whom did it appoint to the Treasury and the economic advisory positions? Did these happen to be Geithner and Summers, leaders of the late 1990s financial deregulation wave that directly set up the later bubble and crisis? In the midst of the worst financial crisis since the Great Depression, how did the new administration treat the megabanks that had engaged in the biggest known financial frauds of all time and thus caused the crash? Were these banks refused bailouts? Were they at least brought under control by the bailout packages? Were they forced to again operate by the rule of law under strict regulation? Were they broken up, given the systemic dangers of TBTF? Were executives investigated and prosecuted for the control frauds?

We could go on to the MIC, but first, do you begin to understand the difference between what you wish were true, which you deliver in the form of assertion only, and actual, empirical reality?

Nice pictures of a smiling couple you would like to idealize as good people and enshrine as role models cannot substitute for political analysis. They are actually not very important, and serve as a distraction to institutional reality. Politics and the business of power have little to do with the theatrical personality narratives that the propaganda and cultural systems forefront as a substitute.

Here's an assertion: No one becomes president if they are not serving Wall Street and the MIC. The present administration does not differ from others in this. It represents policy continuity and a further development along predictable lines, in which (partly due to crisis) the powers of globalized finance capital and of the US-based military empire have become ever more explicit, unconditional, absolute, and beyond the reach of the law. One would have to be blinded by an ideal approach to the US government and power arrangements to think a change in administrative personnel would affect that short of an accompanying popular revolution.