Posted on 09/16/2015 11:11:39 AM PDT by Starman417
Wall Street and its senior bankers have laid America down to sleep. They have done it in less than one generation. They lost their way and corrupted their role in our capitalist society, having used wealth to control and manipulate the political process, producing ever increasing, and even obscene, wealth.
For the purpose of this article, Wall Street refers to the agglomerated mess of brokerages and banks invigorated by Clinton’s passing of the Gramm-Leach-Bliley Act in 1999, repealing the 1933 Glass-Steagall Act, separating deposits from the speculation of the stock market casino. After which, Clinton doubled down with the Commodity Futures Modernization Act which lifted regulation on derivatives.
The incompetence and inexperience of a self-serving Democratic Administration inflicted a ‘coup de gras’ on America’s middle class. Clinton’s Presidency was a wretched turning point in U.S. History, but not because of ‘blue dress’ evidence. Wall Street, led by Goldman Sachs, further influenced government through alumni like Rubin, Summers and Greenspan, and seized the highest hill in human affairs — control over money and all of its processes, nationally and internationally. Wall Street vanquished the vast American Middle Class including small to medium sized businesses.
For years Wall Street had manipulated corporations through the process of taking them to the ‘public’ feeding trough for decades. Changes in regulations enabled new out-of-control windfalls of hundreds of billions, which in turn further fuelled abuse of the political system. Politicians have been clueless, and Wall Street has enjoyed the ride. Wall Street has abused the public purse, and has abused the taxpayer. It cares little which of two political parties is in power, and as long as it has control of the reigns firmly locked in the jaws of politicians, either in the White House or in Congress. Wall Street has not cared much which party held control. Everyone has been under its control and managed.
Encouraged by our illustrious media, which cannot help but fawn over wealth, senior bankers and so-called titans of industry have demonstrated a dearth of morals and principles. Morals and principles have become leisure activities best reserved for occasional mental exercise while trotting around a hobby farm in Connecticut, or sharing martinis on a Sunday afternoon in the Hamptons.
Life is easy when you have bought anyone who might activate a speed bump on your path of rampage. You don’t even need a ‘get-out-of-jail’ card, since your ‘protégé’ will never prosecute you or your friends of anything, ever. Pillage as you will. Until...
Summer of 2015 finds a well known name crashing the political parade, as a guy named Trump stomps to a podium and almost as if suffering from a very mild case of ’Tourette’ syndrome, blurts out claims and comments that, like him or hate him, everyone can’t get enough of. Trump is an unwelcomed political neophyte, an out of place usurper, and yet he continues to surprise, exploding in the polls, and practically all members of the media seem unable to understand or explain why. They think they know him, and yet they know nothing.
The adjectives wrestled from the bowels of the NYT or LA Times thesauruses have become as entertaining as Trump’s often politically incorrect belches, insulting everyone and anyone who reacts negatively to him or takes a jab at him. What a boor, we think, and yet he takes stands no one else has taken. Both Democrats and Republicans agonize over where he stands, and many Republicans accuse him of not being a conservative. As much as Democrats like to pretend otherwise, Trump has developed support across all racial lines through a vast swath of the middle class. Although many believe his most important stance relates to “a wall” along the Mexican border, I sense that the distinction which could well win him the Presidency concerns his relationship with Wall Street.
(Excerpt) Read more at floppingaces.net...
Maybe the tough kid from Queens has the number of the soulless looters on Wall Street and having beaten them at their own game multiple times now plans to turn the tables on them.
And this guy ain’t no rube from the provinces.
Fantastic article. Thanks a bunch for posting.
Fantastic article. Thanks a bunch for posting.
Hard to get over 1% in the banks these days with Obama’s policies.
The irony.
The DE-regulation brought on by a Democratic President has to be RE-regulated by a later Republican.
Trump may be the key but there is no doubt that the middle class is trapped awaiting the key to release them from the grasp of those capable of keeping the middle class wealth stagnant while increasing their own to an unbelievable difference. The core control is of the political system where regardless of who is elected there is no difference. Obama = Bush. Yes there are skirmishes between political parties each wanting control of the patronage spoils. As the moon controls the tides, in and out in turn, it is relentless. We need someone to break political control and not be broken by the system. We need someone like Trump.
The MIDDLE CLASS NEEDS TO BE GREAT AGAIN before the stretch between rich and poor increases to beyond the breaking point and democracy is no more.
This is a pro Democrat, RINO and Big Government headline. I could only imagine what the article contains.
If Trump thinks that Wall Street is the problem, then we are in so much trouble.
Your skepticism is well justified. To wit:
>> Wall Street refers to the agglomerated mess of brokerages and banks invigorated by Clinton’s passing of the Gramm-Leach-Bliley Act in 1999, repealing the 1933 Glass-Steagall Act, separating deposits from the speculation of the stock market casino <<
This quote from the article is pure garbage. It repeats familiar language from the "explanation" of the 2008 market panic that has long been standard among members of the far left. That explanation, which places heavy blame on the repeal of Glass-Stegall, has been dismissed time and again by responsible, respected centrist and conservative economists.
Beyond the infantile and discredited quote, the article on the whole is a simplistic and socialistic screed that belongs at a leftist venue like the "Nation" magazine or the DU website. Bernie Sanders, Jeremy Corbyn and Noam Chomsky could not have stated matters more tellingly.
And by the way, the author's appalling ignorance is further signaled by his referring to a coup de gras -- which anybody familiar with the French language can tell you means something like a "slice of fat."
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