Obama's Big Sellout

The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

From of all sources, the Rolling Stone Magazine, you can about the interweaved elements of the Obama Adminstration, Robert Reich, Robert Rubin and a whole cast of character who manipulated the bailout and other financial sources from the U.S. Taxpayer to enrich themselves.  The fact that the Rolling Stone - rather than some leftstream Media outlets like ABC, CBS, New Yerk Times, etc., - has broken the story is a story in itself.   For what is a greater expose of Bias by Omission than the ACORN-Prostitution stories and perhaps the fraud on Wall Street.  Normally, the press hungers for stories of Wall Street greed - so what happened Diane Sawyer?  Leftie Katie Couric?

What's taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.

One of the main cast of characters, Robert Rubin, is described thusly:

The irony of Bob Rubin: He's an unapologetic arch-capitalist demagogue whose very career is proof that a free-market meritocracy is a myth. Much like Alan Greenspan, a staggeringly incompetent economic forecaster who was worshipped by four decades of politicians because he once dated Barbara Walters, Rubin has been held in awe by the American political elite for nearly 20 years despite having fucked up virtually every project he ever got his hands on. He went from running Goldman Sachs (1990-1992) to the Clinton White House (1993-1999) to Citigroup (1999-2009), leaving behind a trail of historic gaffes that somehow boosted his stature every step of the way.

Clear HERE for the full story.