Monday, April 27, 2009

"Obama and the Big Dogs"

http://www.thenation.com/doc/20090504/greider


by:William Greider
published: 04/22/2009


For several businesses on Wall Street, such as JP Morgan Chase and Goldman Sachs say their ready to give back over 50 billion dollar of bailout money back to the government. Their apparently no longer suffering. You usually never see that type honesty. It's almost to good to be true. Well, that's because it is.

They want to give the money back as fast as they can because they want the government's nose out of their business. Apparently they're having a hard time conducting legitamite business with government official working along side them. The people on Wall Street are all of a sudden not the top dogs anymore. The government has kicked them to the curb and are now running most of the show. Which means that the wallets on Wall Street are a little lighter than they used to be.

If we don't wan't to have to bail out Wall Street again then Obama needs to step his game and not back down. Some people believe that Obama' being too soft, some feel like he's backing down when he should be standing up. He hasn't been President for that long and what people don't understand is that this kind of problem just doesn't go away over night. The old days of the "good ole boys" running things is coming to an end.

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