Joseph Palermo: Obama's jobs speech "will sound a lot like a tiny mouse trying to make a loud roar"

[highplainsdem]

Scathing column at HuffPo:

http://www.huffingtonpost.com/joseph-a-palermo/obama-jobs-speech-2012_b_935432.html

President Obama's much anticipated speech outlining his jobs agenda for the 2012 election year will sound a lot like a tiny mouse trying to make a loud roar. Instead of clarity, we'll get hedging; instead of "bold," we'll get wishy-washy. The principal aim of the speech will be to divert attention away from his administration's failure to hold to account the Wall Street perpetrators of the housing bubble/mortgage scam that ransacked the middle class.

-snip-

The president has already shown that his administration will offer little help to the 14.6 million Americans who've been stuck with mortgages based on fraudulent real estate prices. His administration's attempts to stymie New York Attorney General Eric Schneiderman's efforts to go after mortgage fraud is just more evidence that Obama is not serious about addressing the crisis. Schneiderman represents the last hope that some of the crooks on Wall Street might at long last be confronted. He believes the current deal the Obama Justice Department and other state attorneys general are working out with the giant banks is far too generous and gives up far too much, (which pretty much sums up Obama's "negotiating" style). The Obama "deal" allows the most corrupt banks to purchase immunity from prosecution.

The Democrats have an invertebrate as their leader. Or maybe he desired this outcome from the start, an elaborate hoax designed to channel the populist anger away from his patrons on Wall Street.

The heroic efforts of progressives in Wisconsin and Ohio are getting little more than lip service from the Obama administration which is intent on coddling banks and speculators even in the face of mounting evidence from whistle blowers, reporters, and even members of Congress that the criminality on Wall Street is far more pervasive than previously imagined. The mortgage fraud crisis must be staunched before there can be any serious "jobs" program. But Obama won't go there. He wants Wall Street's campaign cash and thinks his soft touch toward the banks will shake it loose.

-snip-

The link in the third paragraph goes to Robert Scheer's "Amnesty for the Indefensible" column, which has already been posted here.