[Peace-discuss] Palin exposes Obama on banks

[C. G. Estabrook]

	Sarah Palin Is Seizing The Populist Moment...
	Posted By Zach Carter On April 23, 2010 @ 9:30 am

Sarah Palin’s broadside against the Obama administration’s Wall Street 
reform proposal [appears in] her latest Facebook post ... she’s kind of 
onto something...

...She touts Wall Street’s massive lobbying machine and suggests that 
the big banks will be bailed out again in the future thanks to their 
political clout. The regulators will never “choose” to kill off a big 
Wall Street titan because of Wall Street’s political connections, Palin 
says.

...Obama’s plan ... doesn’t address the cause of bailouts, or deal with 
the way they occur. Bailouts are not carried out according to laws, they 
are dictated by networks of power. If you want to stop bailouts, you 
have to attack the political power of major Wall Street firms ... take 
aim at the revolving door between Wall Street and Washington. Palin 
notes that the Obama administration is full of Goldman Sachs alums. 
Progressives were sharply critical of how closely Obama tied himself to 
Wall Street with his early appointments, and it remains a fundamental 
problem with his administration’s economic thinking...

Article printed from SpeakEasy: http://blogs.alternet.org/speakeasy

URL to article: 
http://blogs.alternet.org/speakeasy/2010/04/23/sarah-palin-is-seizing-the-populist-moment-will-democrats/


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