His campaign was heavily funded by Wall Street money, so, of course, he's going return the favor once he gets into office. When are liberals going to stop believing this guy has any intention of doing the right thing?

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For me, the author has proved himself to NOT be in the herd of US prime sheeple.

Ya can bet yer ass that America's corporate government will get a huge benefit from the GM deal too.

best democracy money can takeover

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"Why haven't America's economists barked timely alarms? Are they blinded by their faith in markets? Perhaps the old saying should be reworked: In America, those who can, loot. Those who can't, teach wealth-friendly philosophies masquerading as hard science."

Indeed, indeed ... The economics profession has been dismal. Sure some predicted this mess, but now that it has swelled into a tsunami of economic destruction there is scant call for real solutions to the insolvency of our financial system.

The Wall Street Banks are bust, past broke, underwater for good, absconding with billions of tax payer monies to shore up trilllions in bad bets they have on their books but won't honestly value. The tax payer is already on the hook for $9 trillion in loans and guarantees and the deluge of foreclosures isn't half over and unemploymet is jusr beginning to rear its ugly head. Tax payers could and most certainly will be on the hook for trillions more. But you say, things are bad. You ain't seen nothin' yet.

We have to stop this loooting of our retirement and the theft of our childrens future and audit these banks through a Bank Holiday as FDR had, much like Sweden did in the early 1990s. Without this reckoning the banks will continue to bleed this country dry.

Yet, have we heard the clarion call from economists, from right or left call for such an audit? The answer is a resounding NO. The only economist or financial writer I have seen to call for a real accounitng through a Bank Holiday is William Greider.

Time for a Bank Holiday

People, our finacial future hangs in the balance yet our so-called economists of the left are damningly silent.

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hmm at least you had the guts to tell it like it is. I know people keep thinking it was some strange campaign ploy when Famine and Freddy was brought up but the proof was in the pudding. You could just look up the list of contributors to the Obama campaign and its its a who who of Wall Street...

... Dont get me started about Hedge Funds

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Bravo Mr. Klein,

This is exactly the sort of opinion piece that needs wide circulation.

As Richard Daughty of The Mogambo Guru is fond of saying, "WE'RE DOOMED! (...if we stay the present course)"

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Anyone capable of a gut check knew the bank bailout was WRONG from the start. The timing (right before the election), the vagueness (2 original pages?), the hurry (we can't wait a week), and the audacious prohibition of oversight -- these were all loud indicators of crap in the making. And the public knew it! So, what the hell happened? Can we get any of that money back?

And how much worse will things get if Congress remains so entrenched in such dysfunction? Our numbers are our strength, but how do we best organize ourselves to promote change? Someone please tell me...before we spend another trillion in this blind endeavor.

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Been there done that, gonna take a rebellion to have any sort of a voice. I'm thinkin' change.gov is a circle jerk to keep us occupied whilst things go on.

Clout? We have absolutly no CLOUT. We're going to have to take it from their cold soft hands.

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My goodness, you talk like you don't understand what is going on here. We are in the process of being dismantled as a nation. Don't you get that?

You think this is some accident? Here, read this and understand what the agenda here is... there is only one option.... resistance, we are at that point now and anything else simply gives them time to continue this without paying the price. Dont forget to cut and paste this into the window.


http://www.cfr.org/publication/9903/sovereignty

andglobalisation.html

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Obama has been a corporate supporter for six years in the Congress why would we expect less now?

Sometimes he failed to even show up for a vote since it might make him look bad when he ran for President.

The "shadow, secret government" has manipulated the primaries and election to get their guy in power. Change? He is silent about Israel and Gaza. He says nothing about holding financial thugs accountable. He says nothing about the 911 investigations being manipulated by Bush.

How can we protect ourselves when we don't know who attacked us in the first place? Yet he gets up on CSPAN and talks about "terrorists" and another attack (his fear speech for another false flag event). This time for war in the Caspain Sea area for oil (blame on Pakistan). Is that a plan for "hope"?

He's out there when it comes to "religious cronies" though. His past public service speaks for itself. He's had his chance with me.

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"These are the same experts who were blind-sided by the mortgage security frauds that led to the credit freeze that triggered the de-leveraging that's plunged the world close to a Depression."

These so-called "experts" including Ponzi carny barkers Robert Rubin, Greenspan, Bernanke, Paulson, etc, etc, were NOT "blind-sided". They knew full well what they did each step of the way into and up to the phony derivatives bubble. From the signs this all looks and smells like a controlled demolition crash as contrived as the many in the 9/11 Truth Movement say took down the World Trade Center Towers.

In any case, this is about Organized Corporate Crime Rule in charge of the bulk of Washington and the MSM as it has been for generations.

Obama is clearly smarter than his clod puppet forerunner GW but in the end he no more than a tinsel play actor run by the usual corporate kleptocracy. His abysmal record and his inner circle of Fascist Wall Street "advisor" string-pullers thus far proves this beyond any reasonable doubt.

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As anyone who is familiar with my posts surely knows, I was skeptical of Obama from the beginning: like slaves, all U.S. politicians are owned by their ruling-class contributors, and no other Democratic politician in the nation's history has ever recieved such generous plutocratric patronage.

Thus while I voted for Obama -- as in the sham elections typical of despotisms everywhere we were given no other meaningful choice -- I made it clear that I did so as a drowning shipwreck victim desperately clutches at something -- anything -- that offers the hope of being a life preserver.

My major electoral concern was of course the economy -- the looting of the nation by the super-criminals known as capitalists -- and my grievances focused on two of their most notoriously savage outrages:

(1)-the fact the U.S. has the most deliberately murderous “health care” system in the industrial world (whether acknowledged or not, the national policy is obviously the extermination of unprofitable peoples -- those of us who are poor, disabled or elderly -- by deliberate denial of medical treatment: in other words, another aspect of the final solution -- euthanasia-by-abandonment-and-neglect -- we saw so grotesquely proven in post-Katrina New Orleans);

(2)-the fact that -- demonstrating the extent to which the U.S. is ever more exclusively a nation by, for and of the limousine aristocracy -- we have the industrial world’s worst mass transit, thereby (save in a very few major cities) shackling the working class in hopeless slavery to Big Oil and Big Automotive.

I had reasoned that Obama might -- just might -- manage somehow to provide us with the single-payer healthcare a majority clearly wants. And -- particularly since the Chinese have repeatedly demonstrated that an entire big-city subway system can be built in a single year -- Obama might also recognize his unique opportunity to free us of the rotting albatross of our ruinously expensive but nevertheless compulsory dependence on the automobile. If the Chinese can build an entire light rail system in a single year, surely so can we -- and what better purpose for a national (infrastructure-building) economic recovery jobs program.

But it is increasingly evident there is no change forthcoming in either realm. Obama’s recovery proposals do not even mention mass transit -- never mind the environmental reality that mandates the fastest-possible construction of local and regional light-rail networks. Meanwhile the nature of the health care “reform” taking shape -- not just the status quo preserved but its economic cruelty actually intensified -- is revealed by a document authored by Peter Orszag, Obama’s choice for budget czar: “Budget Options, Volume 1: Health Care,” available at www.cbo.gov.

Thus -- to follow my shipwreck metaphor to its dread conclusion -- it is now obvious what I saw protruding from the electoral waters was not a life-preserver but rather the dorsal fin of a shark.

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That is EXACTLY what is wrong with the Democratic Party. The Rethugs tell you how moderate they are and then rape & pillage. The Democrats promise to be progressive and then rule like Rethug-lites.

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In November, 1972, the late and much lamented novelist and essayist Kurt Vonnegut (1922-2007) analyzed American politics succinctly in an article ("In a Manner that Must Shame God Himself") published in Harpers magazine.

He pointed out that the United States (like many other representative democracies) features two "imaginary" political parties -- the Republicans and the Democrats. He also said that there were two "real" political parties in the USA -- the "Winners" and the "Losers."

The Winners, he went on, control both imaginary parties. The Losers get to vote. So, in any election, this much is certain: the Winners will win.

Of course, folks like Marx and Engels were even more concise. The state, they said, is the Executive Committee of the Ruling Class.

None of this means that well-meaning progressives are not occasionally elected, though I don't see how Mr. Obama, who opposes single-payer medicare, gay marriage and full reproductive choice for women, who supports capital punishment, "charter" schools and an intensified war in the Middle East, and who describes himself economically as a "free market kind of guy," qualifies as a full-bore progressive. (He would, for example, find a congenial home in the Conservative Party of Canada.)

In ordinary times, it is true, a smattering of progressives can be elected to Congress and, in extraordinary times, progressives of a sort may even come close to what passes for power. Historically, they have been successful to a certain extent. Slavery has been abolished. Women can vote. Most of the time, the Rule of Law is more or less respected.

In their general defense, progressives have certainly pushed for the amelioration of some of the worst consequences of corporate capitalism by instituting unemployment insurance, federal pensions, social assistance to the poor, occasional opportunities for trade union organization, elementary civil rights for minorities, modest efforts to achieve equity for women and aboriginal peoples, minimal public health and occupational safety regulations, tentative environmental protection programs, basic education, public libraries and broadcasting facilities, and the like.

These are unfettered human goods, and are not lightly to be dismissed. Their principal pertinent effect, however, is to save capitalism from itself, temporarily repair a fundamentally flawed and ultimately untenable system, and allow it to lurch along to its next inevitable "crisis."

What could be more obvious?

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Your article title indicates you have some actual policy or action already in the pike, yet none was found. You have run over the same concerns which have been expressed since the naming of Gietner.Rubin...What Cabinet Position has he been named to...None. Paulson NONE.And the only thing you can come up with on Holder is Mark Rich...A Clinton demand for Pardon.
I was expecting an recent announcement of some sort, not just more speculation.
'Where the Bodies are Buried' seems to be the latest phrase, and for good reason.Most of the CEO's and their employees have no idea What the hell they've been selling for the last decade, so their ability to help untangle the Charade of 'Products' is useless.Don't forget how the 'Teflon Don' was finally brought down, by his Hitman Sammy the Bull.
Funny how 'Lefties' are beginning to sound like their Neo con counterparts, will your next article be on how Obama will also begin an invasion of Iran, because Gates is still on board?
Being a Lefty myself, suspecion of Politicians is second nature and a necessity in a Democracy,but lets focus on Crimes which have Already been committed, by W's admin, Clintons Admin, HW's Ronny's Admin....Nixons admin. Before we start screaming for Gietner & Holdens heads, Lets get Cheney,Rummy and Wolfies heads in a basket.The list and scope of their crimes span nearly 40 yrs.At least Scream for Greenspans head before Geitners and Gonzales before Holdens.
Americans are in no mood to continue to convict small fish, We want the Monster fish. Honestly you sound like Chicken Little who keeps looking to the sky as the Ground collapses below him. No the sky is not falling, the bottom is falling out.

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In President-elect Obama's zeal to be the safest black man in America, he has allowed some of the most repugnant elements to remain in charge. Add to that his complete moral failure to address the slaughter taking place in Gaza, and naming the idiotic pastor to preside at his swearing in ceremony, only means it is pointless to worry about him.

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Though I'm sure it will generally be a love-fest between the Senate Dems and the President, maybe enough s**t will be raised and enough questions asked during confirmation hearings (though it all tends to be the same rich white guy's club with campaigns funded in part by other rich white guys on Wall St)in the Senate. Sheer Repub. knee-jerk to being in the minority along with some truly fiscally conservative Repub types might impede confirmation of some of these appointees - though is it just cab-level types who go through the Senate confirmation process?

Would love to see Cab appointment confirmations done by the House. There would probably be more fireworks.

In any event, our particular Senators should be strongly advised by US to view these guys, or most of them, with jaundiced eye and it wouldn't hurt to let our Reps know our feelings also.

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in the first place? What manner of collective madness occurred where millions of people took leave of their senses to such an extreme degree as to believe that a Presidential candidate who took more money from Wall St. than any other in the history of US Presidential Politics was going to be "a man of the people."

Anyone who was thinking clearly and did even the most remedial of investigations would've known that Obama was a company man.

For any and all who wish here is your "One-Stop" shopping link for information on Obama. The thread was started nearly a year ago. There are over a hundred articles, speeches and much more compiled in this one thread:

Obama Information

And here's the first comment from HuffPo that follows the article posted here:

"I voted for Obama as a shipwreck victim clutches at anything that might be a life preserver.

I hoped for amelioration of two of the chief horrors of life under tyrannosauric capitalism:

(1)-the fact we are savaged by the most murderous "health care" system in the industrial world. National policy is obviously to exterminate "unprofitable" peoples -- those of us who are poor, disabled or elderly -- by deliberate denial of medical treatment: euthanasia-by-abandonment-and-neglect.

(2)-the fact -- demonstrating the extent to which the U.S. is a nation by, for and of the limousine aristocracy -- we are enslaved by the industrial world"s worst mass transit. Thus we are bled economically dry by the vampires of Big Oil and Big Automotive.

I had hoped Obama might -- just might -- somehow ease our oppression.

But it is increasingly evident there is no change forthcoming in either realm. Obama"s recovery proposals do not mention mass transit -- never mind environmental reality mandates fastest-possible construction of local and regional light-rail systems. Meanwhile the nature of the health care "reform" taking shape -- its economic cruelty actually intensified -- is revealed by a document authored by Peter Orszag, Obama"s choice for budget czar: "Budget Options, Volume 1: Health Care," available at www.cbo.gov.

Thus -- to follow my shipwreck metaphor to its conclusion -- it is now obvious what I saw protruding from the electoral waters was not a life-preserver but rather the dorsal fin of a shark."

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of corporatism and oligarchy. Methinks 'tis time for another enlightening revolution - beginning with the pillory of Wall Street miscreants and then the summary execution of CEO robber barons, then start on the WTO and IMF assholes.

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I voted for Obama because I wanted change - - I am appalled that the Bush regime has not demanded accountability for each dollar we taxpayers have offered the finance institutions. If Obama wants to keep his momentum going among the 'main street' individuals he says he supports, he must show that he is not supporting those same Bush policies. If that is not done, I think the crisis of confidence will widen - - and it won't be Bush's fault anymore, but Obama's. He could show some strength by punishing, rather than rewarding behavior that has plunged us into this recession.

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LOL, never fails. The Rich get Richer and the poor, well you know.... Once again, Main Street America gets the SHAFT! I get the feeling the only stimulus we will ever see is a bottle of Vaseline!

Jess
Privacy Center

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And since he's hired economic advisors from Wall $treet from campaigning to cabinet, there's nothing surprising there. Besides, Congress is equally guilty for its complicity. People warned that this was not gonna be anything but false hope and chump change but they were persecuted by the blind Obamabot zombies. Well, the blind Obamabot zombies are about to get even more SMASHED economically just like the blind Republican voters.

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Obama has made no mistake. He serves Corporate America.

The mistake is OURS, in thinking that the head of the most powerful capitalist nation on earth would care about the suffering of ordinary people.

Liberals waste time offering Obama their advice.

We need to organize against the thieves who are ruining our lives and stealing our children's futures.

Susan Rosenthal

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THE 545 PEOPLE RESPONSIBLE FOR AMERICA'S WOES By Charles Reese

Politicians are the only people in the world who create problems and then
campaign against them.

Have you ever wondered why, if both the Democrats and the Republicans are
against deficits, we have deficits? Have you ever wondered why, if all the
politicians are against inflation and high taxes, we have inflation and
high taxes?

You and I don't propose a federal budget. The president does. You and I
don't have the Constitutional authority to vote on appropriations. The
House of Representatives does. You and I don't write the tax code. Congress
does. You and I don't set fiscal policy. Congress does. You and I don't
control monetary policy. The Federal Reserve Bank does.

One hundred senators, 435 congressmen, one president and nine Supreme Court
justices - 545 human beings out of the 300 million - are directly, legally,
morally and individually responsible for the domestic problems that plague
this country.

I excluded the members of the Federal Reserve Board because that problem
was created by the Congress. In 1913, Congress delegated its Constitutional
duty to provide a sound currency to a federally chartered but private
central bank.

I excluded all the special interests and lobbyists for a sound reason They
have no legal authority. They have no ability to coerce a senator, a
congressman or a president to do one cotton- picking thing. I don't care if
they offer a politician $1 million dollars in cash. The politician has the
power to accept or reject it.

No matter what the lobbyist promises, it is the legislator's responsibility
to determine how he votes.

A CONFIDENCE CONSPIRACY Those 545 human beings spend much of their energy
convincing you that what they did is not their fault. They cooperate in
this common con regardless of party.

What separates a politician from a normal human being is an excessive
amount of gall. No normal human being would have the gall of a SPEAKER, who
stood up and criticized G.W. BUSH for creating deficits.

The president can only propose a budget. He cannot force the Congress to
accept it. The Constitution, which is the supreme law of the land, gives
sole responsibility to the House of Representatives for originating and
approving appropriations and taxes.

Who is the speaker of the House? She is the leader of the majority party.
She and fellow Democrats, not the president, can approve any budget they
want. If the president vetoes it, they can pass it over his veto.

REPLACE THE SCOUNDRELS! It seems inconceivable to me that a nation of 300
million cannot replace 545 people who stand convicted -- by present facts -
of incompetence and irresponsibility.

I can't think of a single domestic problem, from an unfair tax code to
defense overruns, that is not traceable directly to those 545 people When
you fully grasp the plain truth that 545 people exercise power of the
federal government, then it must follow that what exists is what they want
to exist.

If the tax code is unfair, it's because they want it unfair. If the budget
is in the red, it's because they want it in the red. If the
Marines are in IRAQ, it's because they want them in IRAQ.

There are no insoluble government problems. Do not let these 545 people
shift the blame to bureaucrats, whom they hire and whose jobs they can
abolish; to lobbyists, whose gifts and advice they can reject; to
regulators, to whom they give the power to regulate and from whom they can
take this power.

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Obama's perilous compromise with the military-industrial complex...

The list is long, so why waste time. Obama is just old wine in a new bottle.

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"President" Obama ain't even been sworn in yet and until January 20, he's still president-ELECT Obama.

And I don't see where you people get off blaming him for George Bush's mess so early in the game. The mistakes aren't his to make right now as he is in no position to sign off on anything as president of the United States until after 1.20.09.

And even then, he's inheriting a legacy that he's been against since day one that he says will not be resolved overnight.

There are no quick fixes to people sitting back and allowing George Bush and his pals to run this country for the past eight years. Those who voted for the Bush/Cheney act ought to come to complete and total financial ruin; it would be no less than they deserve.

This will NOT be blamed on Obama. He's been against those policies from Day One and it's not going to disappear like magic when this nation has sat back and let it go on for so long--even drowning out the voices of dissenters who said it would happen, including that of Barack Obama who campaigned and won on Bush's failed policies.

Act sensible and at least wait until he IS president and has that power and control before you go off criticizing him for YOUR president's mistake.

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What you're also failing to mention is that because this nation sat back on its big fat butt and let Bush and Cheney run this country as if it was a never-ending endless money machine. Well, it's come to an end. In the meantime, there is the jeopardy of thousands of people being out of work, something that is going to cause Wall Street to crash and burn.

I'm all for ending greedmongering capitalism in America, but that may not be the right way to go about it.

Unemployment rates are already bad enough. The compromise should be that the FED should take over those companies and force them into being government-run...de-privatize them and put them under federal regulations. If the taxpayers are paying for it, the taxpayers should own it all.

Buy them out and take the companies away from them. Replace them with folks who know how to run a company instead of allowing in greedy people's other friends and relatives who are just as greedy as their predecessors.

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There is the added bonus of potentially de-employing thousands of people when the unemployment rates have already skyrocketed.

The Wall Street bigwigs can just take their FatKat perks and salaries and benefits and stock options and run.

Bush set it up so they can do just that: What then? If you want to end the free market economy such as it is, that may not be the best or right way to do it.

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Blah blah blah. I wish I had your ability to predict the future! This feels like the same old lefty suspicious and acusatory hype that I have grown so weary of. What if we all thought that no one could change? You are writing from a posiiton of fear and threat. Where are your fresh and realistic ideas for how this should go given the pile of crap that Obama is inheriting? Who would you appoint to help you? How would you deal with this mess? I'm not sure where this is going either and I too am fearful, but I think we need to get more creative than this same old song.

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In large measure a good deal of our national dilemma is due to the shallowness of the intellectual gene pool which, in turn, leads to the lack of depth in our national politics.

Look at the biographies of nearly all our leading economists and politicians.

The thread that binds them together, regardless of which side the political fence they happen to be on, is, the majority attended one or the other of the prestigious Ivy League universities for undergrad or graduate studies:Barack Obama, Columbia University followed by his stint at Harvard Law; Larry Summers, MIT for his undergraduate degree followed by graduate studies at Harvard; Hank Paulson, a Dartmouth BA then on to the Harvard Business School; Bob Rubin, undergrad degree in economics from Harvard, the London School of Economics followed by a law degree from Yale.

Tim Geithner's the odd man out, Dartmouth then Johns Hopkins for his MA. He did, however, work for a time at Kissinger and Associates (yes, that Kissinger.)

Even our outgoing dunderhead-in-chief, George Dubya Bush, matriculated into Yale on the strength of his father's and grandfather's reputations and fat wallets, then attended Harvard Business School for an MBA!

Kennedys, Kerrys, Clintons and even sleazy old Ann Coulter are all products of the Ivy League or at the very least the odd Johns Hopkins or Tufts University here and there.

A degree from an Ivy League university is the sine qua non for success in this country whether political, academic or business. And as the cynosure of the American intellectual universe, ideas and theories compounded at the hallowed institutions of the Ivy League, and their non-League peers, such as Johns Hopkins or the University of Chicago, peculate throughout the rest of our nation's academe with the power of gospel truth.

There is no honest counterbalance, only the dishonest and reactive anti-intellectualism of a Patrick Henry University or Jerry Falwell's Liberty University.

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"President Obama has made an enormous mistake. Instead of cracking down on serial looters and complicit regulators, he wants to guarantee the financial sector's obligations, which are several times larger than America's economy ... Is it unfair to criticize President Obama before he and his experienced team have a chance to enact new laws and regulations?"

Are we all trapped inside some type of nightmare?!

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if more people had looked at Obama's past and current relationships we wouldn't be stuck with Bush Dark for 4 years.
But most of the media was too busy selling Obama propaganda than to report on actual facts....

"In an effort to cast himself as independent of the influence of money on politics, Senator Barack Obama often highlights the campaign contributions of $200 or less that have amounted to fully half of the $340 million he has collected so far.

But records show that one-third of his record-breaking haul has come from donations of $1,000 or more: a total of $112 million, more than Senator John McCain, Mr. Obama’s Republican rival, or Senator Hillary Rodham Clinton, his opponent in the Democratic primaries, raised in contributions of that size.

Behind those larger donations is a phalanx of more than 500 Obama “bundlers,” fund-raisers who have each collected contributions totaling $50,000 or more. Many of the bundlers come from industries with critical interests in Washington.

An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group, numbering roughly 130, with many of them working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses: nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs or Citigroup. About 40 others come from the real estate industry."

http://www.nytimes.com/2008/08/06/us/politics
/06bundlers.html?scp=16&sq=bundlers&st=cse

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President Bush was an easy target for progressives who clearly saw his incompetency and ruinous agendas. Even then we could do absolutely nothing about them especially after Nancy Sellout Pelosi, the great white female hope, took her place as the most powerful woman in Congress. But at least progressives could SEE what was happening.

Now we have president-elect Obama whom everyone thinks is the first black American to be elected to the highest office, proving that people are willing to fool themselves from the onset. News Flash: Barack Obama is NOT an African American in the same sense as the descendants of the slave trade. His skin might be black but he does not hail from the same history whatsoever but millions of black Americans see him as some kind of kindred spirit because of the color of his skin and white progressives think it was such a victory over prejudice. Whew! This first huge disconnect has set the stage for the ensuing mass deception whereby people think that the "common man" financed his campaign and that he has our best interests at heart otherwise he'll have to "answer to the people". Hilarious.

Obama attended last years Bilderberg meeting. Never heard of Bilderberg? It's because they are a highly secretive collection of the wealthy and powerful from all over the world who drive world politics behind the scenes (and work in collusion with the Trilateral Commission, the Council on Foreign Relations, etc.) They meet in secret and the only lists of attendees have been provided by "plants" within the group that actually do have the "people's" interests at heart. Ever heard of Daniel Estulin, he's been following them for years, he wrote a book about them, you can see him speak on youtube.

Does anyone remember the 2004 Democratic Convention where he gave a rousing speech that even upstaged Mr. Bill (who was still the darling of the party at that time). During the credit rolls that preceded commercial breaks there were clips of him administering all sorts of hip comments like "I wouldn't want to get punked that way", etc. No one had ever heard of the guy and the next day ecstatic liberals could talk about nothing else even as they tried to wrap their tongues around his strange-sounding name. Looking back it is easy to see that he was the "anointed one" from that time forward, in fact he had probably been chosen before he even entered college.

After 8 years of Republican carefully-orchestrated ruin, the ruling class has thrown us a "politically correct" bone, made people believe that they actually elected someone and that that someone will bring "change" which of course is the same message that EVERY politician regurgitates during their campaign.

The level of denial exhibited by the "progressive" faction of the electorate is cut from the same cloak of deception that has been obscuring the sight of citizens for 8 years only this time it is SELF-deception.

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One of Mccain's biggest laments against O was: "We really don't know him...what does he stand for..."
I voted for O, gave $ to his campaigne, talked him up to whomever would listen...but...as this ALTERNET piece demonstrates, Do we know him.
His cabinet is right of center. The economy and national defense, two of our biggest problems have "good ol' boys and girls at the helm. Senator Salazar, the guy who orchestrated Sam Alito and Gonzalis into office was picked as Interior Sec opposes raising auto gas mileage. Remember the excess profit tax levied against the oil companies? Remenber, O talked it up during the campaign,,,but now...NOT!
Mark my words...the O Justice Dept WILL NOT go after the Bush/Cheney adm for national and international crimes. The ultra-rich WILL NOT see their taxes increased. The Irag War will drag on and on. Obama's major concern is to placate the neo-cons and Republicans... IN SHORT: WE'VE BEEN HAD.

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He knew and still knows exactly what he is doing. The mistake was made by you and everyone else thinking he made a mistake. There are few mistakes in politics.

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I think that's what it's called. For 8 years we were prohibited from criticizing President Bush no matter what he did. He led us off a cliff. And only recently is "open season on Bush" allowed. Barack Obama is not yet the president, and the critics are coming out of the wood work. Why? Because it's OK. Bush made the country what it is today and no one can solve all the problems even before he's in office. Everyone is still mad as hell at George Bush, not Obama. The damage done to this country and the rest of the world can't be changed by everybody suddenly exercising their right to free speech which we were not allowed to do for 8 years. These attacks against Obama long before they are warranted serve no purpose. Wall ST. will always exist in some form no matter who's president. It's unrealistic to believe that a president can alienate people and expect to accomplish anything. Asses are kissed, people are paid, deals are cut and horses are traded. The B.S. being thrown at this man before he's even in office is juvenile and short sighted. We had the very worst in George Bush and it's misguided to think that on Jan. 20 our problems will all go away. For 8 years many Americans were nothing more than jerks. Following their leader. Now I think what we need is some patience and a good look at the real picture, which is down right frighening. Give the man a chance. Thanks, ANNA

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No one gets elected in the U.S. anymore unless they're willing to tow the corporate line because this is no longer a democratic Republic but a government in the form of corporatism, what Mussolini said was the more appropriate definition of fascism: the perfect merger of corporate and State power.

Corporations have replaced "We the People" in our government's representation.

Take Dennis Kucinich, for instance. Now, he is a man that would have truly brought change, just as Ron Paul would have on the republican ticket. Both candidates were dis-invited from their primary debates at least once, and totally marginalized in the media.

We must change the law that gives corporations all the powers, protections, and rights as an individual, plus they have almost limitless money and resources, but with no country, no patriotism, no allegiance to anything or anyone except their almighty profit. They have become the engine driving corruption.

This was never meant to be, and if our Founding Fathers had ever suspected such a thing of being done, would have banned it in our Constitution...not that that would matter these days.

It is very likely, or at least possible, that this whole crisis has been engineered by the Federal Reserve's master's-the C.F.R. whose
long-time goal has been World Government...

But first they have to destroy the sovereignty of the U.S. Destroy its Constitution; they've already got us involved in the WTO, and are building this "NAFTA Highway" starting in Texas. This could be part of their plan for executing the N.A.U.

Or perhaps not. One thing is certainly true: right now more wealth is moving upwards from the once middle and lower classes to the ultra rich. A few people are profiting wildly from this crisis. You see these companies on T.V. now wanting to buy up everyone's gold? Don't
be a fool and sell it. If anything, anyone that can afford it should be buying gold and silver. I can't afford to do this, but I certainly would if I could.
I would also invest in the booming survival business.

Things may get so bad, though, if this is indeed a headless demon and not a conspiracy,
that even gold is worth less than clean drinking water, food, shelter, fuel, guns and ammo.

I would like to see what's going to happen, if anything, in Dec of 2012.

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For the naive ones out there, that's French.

Contrary from what one would think from my previous posts, I admire the Messiah and find him likeable.

But unlike the lemmings of the student and 'progressive' movements, i would hardly call him sincere. Obvious from his pre-nomination days. Flip flops on NAFTA, wars, etc.

The 'Rope a Dope' campaign strategy was brilliant.....he even got campaign money from the Arab world.

But face the facts. He's trained as a lawyer, with little real world work experience. What does he know about economics and money? He's too young to even remember what it was like to buy things with silver coin ( zinc is now the 'coin of the realm ).
What does ho know about the history of the Federal Reserve?

The fact is, he is at the top of a power structure, as all presidents are. And the funny part is, the Democratic Party has always had a history of corruption way beyond that of the Republicans. The lemmings have always had blinders. The Democratic Party has always been hugely influenced by Wall Street. And they get away with it by pandering to the little guy.

Look at the Senate seat in New York.The press was on Gov Pallin's case from day one. But no questions about Caroline Kennedy. What qualifications, or even experience, does she have besides a few hundred million and a celebrity name. But the lemmings love it.

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...I think this is the best we can get for the moment, in the circumstances, and bearing in mind that the U.S. is not a democracy, and we're just going to have to work from here. And I'm not saying "shut up", either. While the super-wealthy and privileged minority have de facto control over government, there will never be anything that even faintly resembles democracy. They will fight, tooth-and-nail, any attempt by the people to organize in any meaningful way that threatens their tight grip on power. It will take strong determination and organization to change things. But it is possible.

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I say that we cannot trust any of them to reregulate Wall Street. What we should do is reenact all the protections that they did away with and break up any company that is "too big to fail".

I find it scary that we can trust the decisions of our grandparents over the system we have today.

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As far as the nominations for the financial positions go, the left is banging its' "fox-in-henhouse" drum too loudly, the right is off to the side sniggering, feeling coy, and the moderates are out here in the middle of road, with me, watching for speeding cars full of rhetorical drunks and playing wait and see. For the moment, Wall ST. is taking happy pills.

But there is something to be said for hiring the people who know where all the dirt is hidden to clean up what's under the rug. There is enough rope available for these new guys to either round up the bad guys or hang themselves. Things could be worse, and may get that way. But even Obama's new Rose Garden is full of thorns.

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And start worrying more about what will assuredly be the resultant fallout 4-5 years from now. Tidal waves of hot money will soon be flooding the market and the bubble will reinflate--of that you can be certain. Even a pedestrian understanding of economics teaches us that too much money chasing too few goods and services breeds inflation. Soaking up hundreds of billions in excess liquidity will almost certainly call for higher interest rates. Prepare yourselves for a 30 year fixed at 8%.

Home prices will reinflate as too will consumer items like durable goods and autos. Unfortunately, a wave of inflation will essentially devalue the dollar if we don't just make it official and re-peg our currency outright. That means decreased purchasing power because wages cannot keep pace with inflation. Oh, and those Japanese and German wares you like so much - they just increased by 40% or more depending on the peg.

Instant gratification is as American as imperial wars and reality TV. While Obama is no financial savant by any stretch of the imagination, he has proved himself to be a first-rate tactician and charismatic manipulator who knows that the American lemming will sign on for just about anything as long as its couched in elegant language all but 5% of Americans can truly comprehend. He knows that the first step is getting on board the Keynesian bandwagon at the behest of his financial advisors (most economomists know no better). Next, spend while you can because our foreign creditors will not finance our profligacy indefinitely. And finally, don't address the greedy shadow banking system that financed your campaign - oh no!

Quantitative easing [read: printing money] did nothing for Japan except create mountains of debt. It will do little for the US except lead to a greatly devalued currency and reduced standing in the world. Folks, the days of the dollar as reserve currency are over. Don't be surprised to see oil selling in Euros, Yen, Yuan and Reais in less than 3 years. That spells certain doom for the USD.

Moving on now: sovereign debt at the end of this bailout will soon exceed our GDP by several trillion I suspect. That is a recipe for disaster. Some will point to the WWII era as an indicator of what is possible in terms of deficit spending; Only one problem--the US had a manufacturing base that was second to none and we were the largest creditor in the world. Today, we are the most highly leveraged society with a pitiful excuse for a manufacturing base (see GM, Ford & Chrysler).

Bottom line is this: when it's all said and done, we will have an enormous sovereign debt that will exceed GDP, a (still) non-existent manufacturing base (those shovel ready jobs long since evaporated) and a dubious and greatly devalued currency. Oh, and if we're lucky, the Bond Bubble won't burst sending us back into the financial stone age. Greater debt, no TRUE shake out of the financial sector, support for bad business practices and stagnating wages and artificially inflated home prices coupled with eroding wages. Yep, things are really looking up.

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... the government, for your tax dollars.

What a nation of miserable fucks! :lol:

It's clear the 'free market' ideology has trumped all financial thinking in North America. Obama is no different. He's appointed 'free traders', even though free trade demonstrably has only made trade worse. Appointed globalization cheerleaders, even though globalization only allowed the financial fall to be world-wide. Appointed Zionists, because Israel deals with it's neighbors like America does (see the price of oil today? The USD?).

Remember, it was the Clinton Admin. that brought some of the deepest deregulation and privatization, which is all part of the free market ideology. There is no left or right when it comes to money. The entire North American society has been committed to free markets since the debates of the late 80s (when the vast majority of people voted against such garbage in favour of sovereign respect, but hey the fix was in as governments and corporations trumped democracy once again).

Say it with me... free market ideology. Has been in place since Reagan/Thatcher/Mulroney. Now, it's demonstrably been a giant failure. Now say this with me... Obama (Washington) is unwilling to change this. Besides, already the Right Wing and their media have started to lie about the history of FDR and the New Deal as well as attacking unions as the cause of the financial crisis. Miserable fucks, right?

And where is the trillion (it's more than $700 Billion) dollar bailout? Well, the banks used the money to keep doing the same thing that created the crisis in the first place. Overvalue crap stocks, foreclose people's homes, give themselves millions on pay, and by other banks so as to be 'too big to fail'. That is, privatize profit and socialize losses.

Today, the USA is a bankrupt nation facing over a decade of recession. A DECADE, mark my words. This won't be 'a bad year' as the media keep spinning things.

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Let's all cross our fingers (and toes) and pray that Obama isn't a Trojan Horse put up by the shadow government. I still have great hope (actually, hope is ALL we have...) that things will finally change for the better with Obama's administration, and they still might; but some of his "the same suspects" appointments are very disturbing.

One thing's for certain: if Obama's presidency results in just a nicer version of the same ol'-same ol', then we'll know (or should know) that the game is hopelessly fixed. If that day comes, I fear the consequences; americans do not have a history of being a peasant society, and they won't stand for a New-York-minute being turned into one. Or being played for suckers yet again.

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There is no security in getting rich while others get poor, making false profits off of other's losses. We live in an interdependent world and we have to learn to live that way.

We are living with war as a model for commerce and it is doomed to failure. If we keep living with war as our model for every aspct of life we are going to cause our own extinction!

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War in all aspects of society is a model that has no merit. We are all interdependent and cannot sustain the false profit of one gaining by another's loss.
We did value innovation and production for mutual benefit but we have also always been seduced by the idea massive richness as a goal and it has become the end to which any means are justified to attain.

That is the logic of war and taking off the gloves of civilization. We live in an interdependent world and this is a self-defeating logic.

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Charles Kinderberger writes, "The lender of last resort role is riddled with... ambiguity, verging on duplicity. One must promise not to rescue banks and merchant houses that get into trouble, in order to force them to take responsibility for their behavior, and then rescue them when, and if, they do get into trouble for otherwise trouble might spread...." The moral dilemna for financial players (compare welfare payments to single parents) is built into the system. If we choose based on ideological principles to either: 1) let them all fail, or 2) give them our children's tax dollars without accountability, we risk extending our bad situation into the coming decade. Obama has argued for a practical approach that we can only hope will select a middle ground that balances the losses for wall streeters with their gains and can actually make them act rationally again. Expecting anything else from a non-revolutionary system is doomed to remain unsatisfied.

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Obama's actual base (as in the one that groomed him and got him elected) is the old parasite corporate ruling class that owned Washington and the MSM from before the Gilded Age.

In case there is any doubt on who and what Obama represents, this should be a another wake-up call that dispels it...

"It is absurd to claim that a progressive "movement" with a potential for profound social change can coalesce behind a candidate who repeatedly and reflexively aligns with the worst corporate malefactors on the planet, the very same individuals who brought about the current catastrophe."
Glen Ford (executive editor Black Agenda Report for the journal of African American political thought and action. October 15, 2008)

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the psychology of this is the other way around.Or at least quid pro quo.[the emperor would understand] , equal measure of reward. One guy gets the bank., the other gets the presidency.

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Why aren't people screaming about the bail out? I don't think there are many if any people who still honestly believe that we weren't ripped off for trillions of dollars.

We paid those crooks for being crooks and we're gonna keep doing it apparently. They're not going to stop unless someone holds them responsible. Hell we're encouraging it.

Where are the protests, the demands for accountability from us, The People?? I feel sick to my stomach, the ones in power have no concern for the regular people, they just grab whatever they can no matter who gets trampled, as long as they get the money it's good as far as they're concerned. It's so depressing sometimes.

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Klein could not succeed as Dog Catcher. He can hide behind his pen and paper and sound pious. The old saying is, "He'd rather be right than be President."

It's the Nader Raider mindset that gave us Bush, Jr. Let's throw ourselves on the garbage heap because making things work is not good enough. To be good enough they have to be some other world, not one that the journalist is capable of pointing to or even describing, because it is Hollywood, Romantic, bravado, bull s**t.

"Does all this sound like a simple-minded diatribe?" he asks. And then he goes on to defend simple-minded diatribes. His text speaks for itself: toxic, tosic, toxic.

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How do you think the man got a quarter of a billlion dollars for his campaign? It damn sure wasn't from millions of $5 contributors.
He's not even taken the oath of office and he's already sold out the people. He talks Lincoln,has his face on a coin with Kennedy,does he think if he's seen with guys who took a pill to the head will make him more appealing to the public..maybe. If you really want to bring change to DC...Barry...Don't go down before you even get in. We've been fucked over enough by 'Hope dealers' and Flagwavers.
We were ready to haul Bush out on a rail,and still are. Don't be so dumb to think you can shit on the People too.

Truth is...it wouldn't have mattered who won the election. America,as a Nation, is sick of shiteating politicians who support the rich and screw the 'little people'. Bringing change to DC isn't your job...IT'S OURS!!! Believe it or not,we're ready to bring it!!!

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When Obama picked Rick Warren it was a statement to tell a queer community to go to hell and everyone else. So it's no surprise that he's a corporatist and is not going to do anything.He Is not going to restore the Constitution. Or anything else. Everyone should've been alarmed as soon as he picked Rick Warren. Maybe we can get Dennis Kucinick
if there is one.

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Reportedly, someone said to FDR, "If your policies do not work, you will not win a second term." To which FDR replied, "If my policies do not work, there WON"T BE a second term."

Is this where we're heading?

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The hypocrisy is laughable....Obama appointed a guy as his Chief of Staff who made many 'hard earned' millions in only 3 years work as an investment banker (even though he had no prior banking experience) and who was the top House recipient in the 2008 election cycle of contributions from hedge funds, private equity firms and the larger securities/investment industry.

Change we can believe in?

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"Bush Dark", "not a real African American", "Uncle Tom" -- what the f***?

The guy isn't even on the gummint payroll yet, and already the soi-disant "progressives" are deploying the racist cheap shots? Where am I? Who ARE you people?

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Looks like the sun is sunset mode, leaving the land of USA (red strips) and is that end of USA as we know it? you could tell the blue around the sun is rather dark as in sunset instead of sunrise??? what do you think? I do not like this type of change! We the People should be risen and take over.. arrest all bankers, tax people, Zionist controllers and looters from them ... Bank and Tax revolt starts now!!!

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....We'll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgment of all wrong
They decide and the shotgun sings the song

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again

The change, it had to come
We knew it all along
We were liberated from the fold, that's all
And the world looks just the same
And history ain't changed
'Cause the banners, they are flown in the next war

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
No, no!

I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
Though I know that the hypnotized never lie
Do ya?

There's nothing in the streets
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Are now parting on the right
And the beards have all grown longer overnight

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!

Yeaaaaaaaaaaaaaaaaaaaaaaaaah!

Meet the new boss
Same as the old boss

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Maybe it's time we as american's form our own corperation, since we are being bested by by wall street corp's, why not form our own, 100 million share holder's. Fudciary law deem's that we do what's best for the shareholder, I think it's our turn, we'll hire lobbyist and donate to those in power in order to protect our interest's. If we get screwed it will be by
some one we love, ourselve's.

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For those who have been working hard to repair credit because of the current mortgage crisis, you are going to be thrilled over this one. While some markets shuddered at home values dropping by as much as 40 percent, others are rising significantly. Lower prices in the West are pushing home sales up. Home sales went up 13 percent and home prices dropped 26 percent. United States overall home sales are still down about 11 percent compared to last year. This information presents a comforting sentiment as we have suffered a great deal from the worst recession since the Depression. While the economy is slowly making a comeback, people are still in desperate need of credit repair. It’s going to take a lot of hard work and endurance to properly get things back in perspective. Check out this article to read more about the real estate market and how to repair credit.

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NAIVETE.OBAMA CAN AND WILL BUY A SECOND TERM.
NO MATTER WHAT HAPPENS.......HE IS REAL SHARP.

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When will Americans understand and accept that ...

The elephant and the donkey have been bought by the same small group of friends. therefore it is no longer a democracy, but only a one party system disguised as bipartisan, and lobbying is institutionalised and legalised corruption.

The documents on the death of John Kennedy were classified until 2035 for reasons of “nazional” “security”... of Israel.

When will Americans see Zeitgeistmovie.com? Only when most Americans have seen it will change start.

The founding fathers could never imagine what has happened to the US in the 20th century.

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What the hell do people expect differently from the same-ole, same-ole corporate-owned politicians returning to D.C. this month? You get what you vote for, or whomever the reptilian powers that be decide who will hold whatever political office. Your votes really mean nothing. It's all a charade to keep up the appearance of a free and a just republic. One of my dear friends has stated that there is no difference between republicans and democrats. Except for the party label of course. I now call them the one party system of Demorepubs and Republicrats. Basically a mixture of Anti-U.S. Constitution conservatives, moderates, radicals and liberals from both major political parties in the United States. At one time I could see redeeming qualities from most members of the democratic and republican parties. I still believe that there are a few men and women of "integrity" remaining in the political field. There's just not enough of them to make a blessed difference in the world for anyone, anymore. Like the song says, "that's just the way it is. Some never things change."

To read more of an enlightening article on Mr. Obama, visit http://www.davidicke.com/OBAMA Only self-delusionals would vote for more of the same expecting better results. I stated something to that effect on this web site in my "Welcome To More Of The Same" rant I posted on this site after the 11/04/08 scam elections. I knew then that it would be business as usual in D.C. The change-for-the-better dreamers should now start looking forward to no positive change from politicians along with those who live in the "real world."

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