It’s hard to imagine that in just ten months (barring a Mayan end times apocalypse), the US will elect (or re-elect) a president. While there’s a lot of pitter patter about this or that candidate, National Review columnnist Kevin D. Williamson hits the mark in describing the election and what it really means — a victory for Wall St. Here’s a snippet from the article:
For a few measly millions, Wall Street not only bought itself a president, but got the start-up firm of B. H. Obama & Co. LLC to throw a cabinet into the deal, too — on remarkably generous terms. President Obama, for a guy prone to delivering prim and smug little homilies denouncing greed, greed, greed — the only of the seven deadly sins that truly offends Democrats (though Mrs. Obama has done some desultory work on gluttony) — is strangely comfortable among the Gordon Gekkos of this world. Shall we have a partial roll call? Beat the drum slowly and call out the names: With unemployment still topping 9 percent, the catastatic world economy teetering on the brink of another, even larger financial catastrophe, and trillion-dollar U.S. deficits as far as the green-shaded eye can see, let’s hear it for Obama’s first National Economic Council director, Lawrence Summers (of hedge-fund giant D. E. Shaw and venture-capital firm Andreessen Horowitz), who has had some nice paydays courtesy of Lehman Bros., JPMorgan Chase, and Citigroup. Let’s hear it for Citigroup’s Michael Froman, deputy assistant to the president and deputy national-security adviser for international economic affairs, for Hartford Financial’s Neal Wolin, deputy Treasury secretary, for JPMorgan’s William Daley, Obama’s chief of staff, and for his predecessor, Rahm Emanuel of Wasserstein Perella. Let’s hear it for Fannie Mae’s Tom Donilon, national-security adviser. (No, seriously: One of the luminous interstellar geniuses who brought Fannie Mae to its current aphotic state of affairs, upside down to the tune of trillions of dollars, is running national security, and the former director of the White House Military Office, Louis Caldera, was on the board of IndyMac when it finally went toes up — sleep tight, America!) And, lest we forget, let’s have three big, sloppy cheers for economic-transition team leaders Robert Rubin (Goldman Sachs, Citigroup) and folksy tax enthusiast/ghoulish billionaire vulture Warren Buffett.
Here’s a link to the rest of the article:
Repo Men by Kevin D. Williamson
Here are some of my thoughts about the upcoming election:
Obama current $4 million Hawaiian vacation only supports the NR’s position that he’s sold himself to the highest bidder. I suspect that Obama, who has betrayed his Democrat constituency, will be left high and dry by Wall St., Democrats, and voters by next November.
The Tea Party and Occupy Wall Street folks are on the fringe — they count for little. Speaking of which, I was thinking about the 2008 election and how the Republican Party, figuring they would lose anyway, decided to run too expendable candidates — McCain and Palin. I don’t think the Party realized what they had unleashed with Palin, however. My sense is that the Republican National Committee wishes she’d disappear because she’s a frequent embarrassment, despite her star power.
I think the 2012 election belongs to the GOP. Obama won in 2008 because Americans were disenchanted with Bush/Cheney and the economy was tanking. A lot of Republicans hated McCain/Palin and either didn’t vote at all or voted for Obama.
Now, a lot of Dems hate Obama and I don’t think there’s a Republican out there who will vote for him. I don’t think Obama wil be re-elected, yet the Democratic Party isn’t providing an alternative.
The 2012 election could well be a battle between 2 weak candidates, the winner being decided by some subjective factor like an SNL sketch that makes one of the candidates look ridiculous. (Tina Fey could be a decisive factor.)
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