Matt Taibbi is my new hero (check out his Rolling Stone article here). With straightforward language his assessment of Obama's economic team is quite thorough. The President has alienated many supporters by not acting convincingly on the economic issues affecting the country, and acting almost completely in the bankers' interests.
The financial system is an integral part of the boom bust cycle of capitalism and is largely responsible for the Great Recession, but government puts the onus of recovery on Main Street by bailing out Wall Street (and by trying to help Main Street through the private sector, enriching more capitalists and inflating the bubble once again.) Basically, our government is subsidizing the looting of the wealth of the nation by our financial sector, which has ended up running the economy from Wall Street and Washington. How can we not be dissatisfied?
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