Wednesday, June 17, 2009
America elected Obama because he promised to bring change, including a change to the financial system.
But, as the New York Times reports:
The president’s [economic reform] plan results from many compromises with industry executives and lawmakers, and is not as bold as some had hoped.
Mr. Obama seemed to acknowledge as much when he posed the question: “Did, you know, any considerations of sort of politics play into it? We want to get this thing passed, and, you know, we think that speed is important. We want to do it right. We want to do it carefully. But we don’t want to tilt at windmills.”
Obama is not Don Quixote, but the President of the United States. He has the power to reign in the financial fraudsters and gamblers, especially since his party - the Democrats - are in control of both houses of Congress.
If he is not doing so, it is because his loyalty is with the banksters and not the people of the United States. It is not because he doesn't have the power.
Note: Don Quixote is the senile old fool in the novel Man of La Mancha. The expression "titling at windmills" refers to Quixote's antics.