Economic Meltdown Architects on Obama's Short List for Advisors
Obama has talked a lot about putting Main Street first, but the list of people from whom he is choosing economic advisors is stacked with the same Congressional/Executive/corporate establishment insiders most responsible for the policy changes that permitted Wall Street criminals to loot the US and global economy.
The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.
This is the most serious economic crisis in World history.
The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.
The levels of indebtedness have skyrocketed. Industrial corporations are driven into bankruptcy, taken over by the global financial institutions. Credit, namely the supply of loanable funds, which constitutes the lifeline of production and investment, is controlled by a handful of financial conglomerates.
In a bitter irony, the engineers of financial disaster are now being considered by President-Elect Barack Obama's Transition Team for the position Treasury Secretary:
A more complete list/detailed examination of Obama's advisors can be found in the article Obama Mania by Stephen Lendman. (I hilighted it at NowPublic with the title New Hope for Fascism: World Goes Wild Over Obama Cabinet Picks )
Tell Obama what you expect from his administration, if he and the Democrats are to get your vote in 2012 Change.gov
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