Atlantis Alumni

Friday, January 8, 2010

Change You Can Believe In?

Krugman on Obama and the banks:

...there’s a populist rage building in this country, and President Obama’s kid-gloves treatment of the bankers has put Democrats on the wrong side of this rage.

Our Great Recession was caused by greedy bankers chasing short term profits and obscene bonuses. But Obama, surrounded as he is by the same cast of financial advisors that is largely responsible for our predicament, remains solidly on the side of Wall Street in all of this. If you read the left wing blogs now days you are beginning to see comments something like this: "Next time I'm not voting for Obama...let the Republicans have the country. I don't care."

This is what Obama has done to his political base. How does he expect to be re-elected?

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