You know why many people don't trust Obama?

[truedelphi]

225. That is not relevant. In fact, your statement is a red herring.

Last edited Mon May 11, 2015, 05:16 PM - Edit history (1)

What was Dennis' specialty was not trade, but instead the actual rebuilding of an economy after a collapse. And Kucinich was sitting at the top of the House Committee on Oversight of Financial Matters during the 2008 Economic collapse..

His recommendation was that the laws that remained on the books from the days of the Savings and Loan Crisis, circa the late 1980's, simply be brushed off and followed. After all, what happened when the Savings and Loans went belly up, was that members of the Bush and Reagan Administrations saw to ti that local banks were offered federal and state charters, and then by agreeing to loaning the government bailout monies to the people on Main Street, the crisis could be resolved.

And thus the Savings and Loan crisis was resolved.

But Obama did not want to go that way, as there probably was a quid pro quo deal taken in late Summer of 2008 that if he was the candidate for the Presidency, then he would agree to whatever Wall Street interests dictated. So we got to watch Obama install Mr Geithner, who had done such atrocious manipulations of the market and the re-arranging of the Wall Street firms, that he deserved an orange jump suit and to be RICO'ed out of office.

Instead, Obama let this arch criminal become head of Treasury! (This despite Mr Geithner not having even bothered to pay his taxes for several years - for which I never heard of him even paying a penalty!)

The result is that right now, there is no longer any contract law iin existence for consumers if and when they enter into any agreement with a bank. The banks do what they want. Same with the big utility firms.

The other result is that for every dollar of profit generated inside the USA, some 49 cents of it goes directly to the coffers of big banking. Contrast this dismal state of affairs to what existed back in the 1970's and 1980's when only 8 or 9 cents out of every dollar of profit became the bankers' property.


And had Kucinich and several others on that committee seen their recommendations for re-building the economy followed by the President during its collapse, we would not be in situation wherein over 20 trillions of dollars has been spent, mostly shelled out to the big Financial People. And the situation with derivatives is still in place, so that the next time around that a big collapse occurs, we Americans in the Middle Class will once again see our stores shuttered, and our prospects for a decent life ruined.