Keyword: Lawrence Summers

Was Obama's Campaign Call for Change Propaganda? Email Print

That is the burning question that must be answered!  Obama had the benefit of following one of the most unpopular presidents in U.S. history -- George Bush.  

When John McCain was running with the controversial Sarah Palin, Obama again scored a great advantage.  That was because McCain was looked upon as simply more of George Bush's failed policies.

Obama's political cry for change was welcome!  And Barack Obama delivered his "change" theme dramatically and convincingly from coast to coast.

The June 22 Newsweek in an article by Michael Hirsh explained how the Wall Street titans are currently trying to hold onto power.  The article explained about one brave individual who has seen it all, and desperately wants what Barack Obama claimed to seek -- namely change from the almost total corruption of the business world:

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Insanity: Doing the Same Thing Over and Over and Expecting Different Results Email Print

America's liberals are laying into Obama headlined the front page Financial Times March 28, an article by Edward Luce in Washington:

"Paul Krugman describes the toxic asset purchase plan as `cash for trash.'  Jeffrey Sach calls it a `thinly veiled attempt to transfer hundreds of billions of U.S. taxpayer funds to the commercial banks.'  Robert Reich depicts Tim Geithner, Treasury Secretary, as a prisoner of Wall Street while Joe Stiglitz says the plan `amounts to the robbery of the American people.'

"Democrat economists accuse Mr. Obama along with Mr. Geithner, and Lawrence Summers, the president's senior economic adviser, of taking dictation from the same financiers who have brought the economy to the brink of depression."

Herbert J. Gans, professor emeritus of Sociology at Columbia University, on March 29 was published on the New York Times editorial page:

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