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Tuesday, January 19, 2010

10 reasons why Obama is failing investors Paul B. Farrell - MarketWatch

This post by Paul Farrell in MarketWatch says it all.  The destruction of capitalism and democracy as predicted by President John Adams.  While the title refers to how Barack Obama is failing investors it is really about how Obama is failing the nation.

Each of the reasons he writes has a descriptive explanation.  Here is a list of the reasons.  To view them all and read the full article click the link below.

We believed in Obama's campaign slogan, "Change we can believe in" but obviously we can't.  He may have believed it when he spoke it but at that point he must have believed that as President he would have the power to do so.  But as Mr. Farrell points out and as I have said on many occasions, "it matters not who is elected President".  The real power and force in this nation has been ruling for many years, possibly since 1913 when The Federal Reserve came into being.  Even Woodrow Wilson, after signing the bill creating the Fed said afterwords that this haction has set the stage to destroy this country.


Read the full article and the detail on each of the reasons below.

Commentary: Why his fat-cat bankers are destroying capitalism and democracy

ARROYO GRANDE, Calif. (MarketWatch) -- An open letter to President Obama: You are failing us. Many now question voting for you.

A year ago, millions of Americans -- investors, taxpayers, consumers, voters -- came together uplifted by the "audacity of hope," inspired by a vision of "change we can believe in," by "bold and specific ideas about how to fix our ailing economy and strengthen the middle class, make health care affordable for all, achieve energy independence, and keep America safe in a dangerous world."

"Yes, we can" was the rallying cheer. You were the game-changer after the Bush-Cheney fiasco. What happened? Today we just don't see, or expect to see, any real change we can believe in. America is more polarized than under Bush's GOP, dysfunctional as both parties tragically undermine our great nation.

1. Failing to grasp John Adams' warning: All democracies commit suicide 

2. Failing to sense the psychological impact of being an aging democracy 

3. Failing to demand sacrifices, instead adding to Bush's massive war debt 

4. Failing to lead with 'once-in-a-lifetime' systemic financial reforms 

5. Failing to pick a cast of characters that could have changed history 

6. Failing to stand up to our 100 senatorial assassins and 261,000 lobbyists

7. Failing to act presidential, while fat-cat bankers hijack your presidency 

8. Failing to protect 95 million investors, letting Wall Street loot America 

9. Failing to avoid the 'hubris virus' disease killing America's leaders

10. Failing to see the ticking time-bomb scenario, the next big meltdown

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