On Fri, 10 Sep 2010 20:24:06 -0700, Hawke
wrote:
snip
Did you think Obama was supposed to have the country back to
prosperity in less than two years? Really?
===========
A major part of the problem is attempting to "cure" the
problem without changing anything. While it is doubtful
anyone could [or should] have gotten the country back
2005-2007 normality, some progress should have been made,
even if it was just criminal trials of thse responsible,
both in government and business/finance.

While there has been great amounts of Congressional soap
opera and Punch-n-Judy shows for the masses of asses, policy
changes are limited to re-arranging the deck chairs as the
Titanic slowly disappears beneath the water.

While there are different names on the door, e.g. Timothy F.
Geithner in place of Henry "Bazooka" Paulson, their
background and world view [finance and doctrinaire global
free traders], in most cases is identical, and in any case
the civil service support staff [with their own
agenda]remains in place.

Glass-Steagall has still not been reenacted. The "CFTC
Modernization Act of 2000" exempting derivatives and other
commodity trades and FX from most oversight, regulation and
financial responsibility has not been repealed. There have
been no RICO indictments, of the officers, directors and
cadre management accountable for the latest and greatest
asset bubble and economic implosion. There have been a very
few criminal prosecutions of any kind and these only of bit
players. The regulatory fines levied against the acountable
corporations are so small, relative to their size and
profits they made, as to be not even a slap on the wrist,
but more of a pat. Because of the double jeopardy
provisions, that is the end of the "problem," for the
corporation, but the taxpayer is just beginning to pay for
the damages caused.

The financial "reform" and health care "reform" packages are
2000+ page jokes that leave the same people that caused the
problems in charge, and responsible for the studies,
recommendations and "new" regulations that may be required.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).