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... bought and paid for, but rather he's their creature as being a believer in their line that they got behind early to help him win his Senate seat.

It doesn't take any eerie prescience about State Senator Obama's Presidential prospects to back him in his run to win the nomination and then the election for Senator from Illinois ... having a pro-Wall Street Senator is quite reason enough.

Having him rise to the White House at a time when a more populist Democrat might have had a big financial sector CEO perp walk a week to placate white resentment in 2009 was a bonus.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Jul 30th, 2013 at 01:43:33 PM EST
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Having him rise to the White House at a time when a more populist Democrat might have had a big financial sector CEO perp walk a week to placate white resentment in 2009 was a bonus.

Regulatory forbearance was probably seen as implicitly promised by Obama in the regular conversations he had with his Wall Street backers. But in the bargain they also got legal forbearance. In for a penny, in for a pound. He would be far from the first politician to buy into supporting the money people all the way. So Wall Street gets unconditional love when what the country and the people need is for them to get tough love. Obama is no Roosevelt by any stretch of the imagination.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 30th, 2013 at 05:54:36 PM EST
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