Obama voters increasingly frustrated with Obama

Drew Weston has captured my frustration with Obama:

I happen to be one of the lucky ones. I don't carry a balance on my credit cards, my home is still worth more than my mortgage, and I still have a job. But if Americans are starting to turn populist anger toward a White House that has doggedly refused to focus that anger where it belongs -- toward the banks, the mortgage brokers, the regulators who failed to regulate, the oil companies that have blocked energy reform for decades while racking up record profits, the health insurance companies that make their profits by denying coverage and discriminating against the ill, the pharmaceutical companies whose lobbyists have negotiated away the right to negotiate, and the Republicans who bankrupted the treasury during the eight long years of the Bush Presidency and crashed the economy on their way out -- I can understand why.
We are not seeing major change where we most need them. I'm increasingly thinking that Obama is way over his head. I do think Obama is a good and decent man, but it's becoming increasingly clear that large corporations completely own and run Congress. It will remain this way unless the people get mad enough to get up from watching movies on their big screen TVs and take to the streets. But anger is not enough. First, the people have to take the time to understand how bad things are and how they are having their way of life stolen by plutocrats. This is unlikely to happen on a mass scale given that so many of us can't or won't take the time to self-critically study complex situations.

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Corrupt bankers and corrupt government regulators

Robert Scheer sums up the cozy relationship between the U.S. government and the financial sector and it's ugly. One federal judge has the guts to tell it straight, but where is the SEC and where is the Obama Administration? In the process of acquiring failed brokerage house Merrill Lynch, Bank of America sneaks more than $1 Million in bonuses each to 696 Merrill Lynch executives who ran the company into the ground (Merrill Lynch had lost $27 Billion). These outrageous payments occurred while BofA was receiving $45 Billion in taxpayer money as part of the "bailout." On top of that, 39,000 additional Merrill Lynch employees were each paid an average of $91,000 in bonuses, an amount that the Bank of America attorney suggested wasn't a significant amount. New York federal Judge Jed S. Rakoff disagreed, saying:

"I'm glad you think that $91,000 is not a lot of money; I wish the average American was making $91,000."

How corrupt is the government/banking relationship? The SEC did sue BofA of misleading it's shareholders, but this sweetheart settlement stinks to high hell. Consider this quote from Scheer's article:

The SEC complaint did accuse BofA of misleading its shareholders, but instead of digging deeply into how such decisions had been made and by whom, a deal was concocted in which BofA got off with a paltry $33 million fine. That is less than the bonus received by one of the Merrill execs. Yet the SEC deal would have closed the case on how that decision was made.

"You filed a rather uninformative, bare-bones complaint," Judge Rakoff told SEC lawyer David Rosenfeld, who lamely defended the decision to avoid going after the bankers involved, and it is instructive of whose interest he was serving that "[t]he lawyer for Bank of America periodically whispered what appeared to be suggestions to Mr. Rosenfeld," as a New York Times article put it. Whispering between government regulators and the Wall Street honchos ostensibly being regulated is what got us into this mess in the first place.

In the meantime, TARP watchdog Elizabeth Warren is repeatedly warning that the same toxic assets that triggered the meltdown are still on the banks' books. She's warning of the "looming commercial mortgage crisis."

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Maddow and Olbermann counter-attack the elites opposing health care reform

Who are those "average citizens" disrupting town hall meetings on health care reform? Rachel Maddow exposes them and the people who finance them:

Who are the people and organization who are actively buying our elected representatives on the issue of health care reform? A visibly angrier than usual Keith Olberman calls them out, specifying the names and the obscene payments of cash:

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Yes, We Can (And We Must)!

President Obama has failed to keep his campaign promises regarding faith based programs and transparency--so far. Admittedly, Mr. Obama worked hard and accomplished much since January 21, 2009. His accomplishments include assembling his administration, getting appointments approved over irrational GOP opposition, trying to include insane Republicans into his cabinet, promoting and signing an $800 (flawed) billion stimulus package, dealing with the budget (and additional appropriations in violation of promises to keep war funding inside the pentagon budget), dealing with Swine Flu, taking international trips, repairing international relations and making an important nomination to the Supreme Court. Yes, Virginia, it’s only been since January 21, 2009! It hasn't been even six months and the poor guy is getting crucified for what he HASN'T yet done. Cool off, chill out a little and consider these proposals (MY proposals): If Mr. Cheney actually speaks—which he no longer does because he prefers not to be questioned further about secret assassination squads he apparently set up and then ordered the CIA not to disclose such actions to the Congress as mandated by federal law. Mr. Cheney has now abandoned his defense to a surrogate, Liz Cheney, who performs her role of defender for the former Vice President based upon her dubious qualifications of being Mr. Cheney’s daughter and a Bush administration appointee in the State Department (which was ignored in the Bush era!). You see, the music died.

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National traffic safety agency (NHTSA) causes thousands to die by hiding safety data

From a bureaucrat's perspective, it's just much easier to hide inconvenient information. That doesn't make it right to hide important information. Not at all. Heads should roll for the recently disclosed cover-up by the National Highway Traffic Safety Administration. People died on the highway because of this cover-up, and not just a few people. Back in 2003, federal government researchers estimated that 955 people died and 240,000 accidents occurred in 2002 due to cell phone use. Extrapolate those numbers out to 2009 and we can reasonably assume that 5,000 people needlessly died in highway wrecks because the government didn't release this shocking cell phone usage data and issue a stern warning that people shouldn't talk on cell phones while they drive, because it's as bad as driving while drunk. This cover-up by the U.S. government means that more people died because of the government's corrupt ways than the number of people who died in the 9/11 attacks. Shouldn't we declare "war" on safety officials who cause people to die by intentionally withholding safety information? I would have a commission get to the bottom of this to find out who made this piss poor decision to withhold the date. All the people involved should (but won't) spend many years in prison for manslaughter. And let's connect the dots. Why would Congress get mad because of the release of this accurate data? Let's see . . . maybe it's because the telecoms, who contribute massive amounts of money to Congress, would see their profits cut if their customers could run up cell phone minutes while driving. Could that be it? Note: The telephone utilities pour more than $40M annually into lobbying Congress and many millions more into political contributions. These politicians and government employees apparently forget who they work for. Here's a hint: their top priority should not be the telecoms and other monied contributors. They work for us. If they would have asked themselves this simple question ("Who do I really work for?"), maybe they would have felt compelled to release important safety data, which could have saved thousands of lives. This recent disclosure is unbelievable and very very sad. The NYT reports:

The former head of the highway safety agency said he was urged to withhold the research to avoid antagonizing members of Congress who had warned the agency to stick to its mission of gathering safety data but not to lobby states. Critics say that rationale and the failure of the Transportation Department, which oversees the highway agency, to more vigorously pursue distracted driving has cost lives and allowed to blossom a culture of behind-the-wheel multitasking. “We’re looking at a problem that could be as bad as drunk driving, and the government has covered it up,” said Clarence Ditlow, director of the Center for Auto Safety.

Continue ReadingNational traffic safety agency (NHTSA) causes thousands to die by hiding safety data