Posted by Anthony Gregory on 10/20/09 3:34 PM   [Newer: Stimulating Unemployment ] [Older: Good News for Medical Marijuana, for Now]

On Sunday, leading Obama officials criticized Wall Street, complaining about high bonuses, blaming business for high unemployment and seemingly protesting that financial institutions have both taken on too much risk and yet have not lent out enough money. The administration is not accepting much blame on its own for the unemployment and economic slump. Meanwhile, even as Goldman Sachs's profits hit record highs, a Goldman Sachs executive has been named the top enforcer in the Securities and Exchange Commission. The company was Obama's biggest campaign contributor and is notoriously among the most politically connected businesses in America.

A similar dynamic was seen in the FDR administration-blaming big business for all of America's problems even while courting the most egregious players in finance and industry to be close to the regime. Can the president really be so hypocritical, confident that most of his supporters will pretend not to notice? Yes, he can.

Posted 10/20/09 4:19 PM BillNM Carlsbad, NM

Politics of envy - and people fall for it.

Posted 10/20/09 4:21 PM justinb Oklahoma City, OK

And the word of the day is "irony".

Posted 10/20/09 8:26 PM Ted Kirkpatrick Manassas, VA

Goldman Sachs employees gave the second largest amount of money to BHO in 2008 (a bit less than $1,000,000) right after employees of the Univ of California. BHO received almost $15,000,000 from the securities and investment industry as whole, $6,000,000 more than was given to McCain. http://www.opensecrets.org/pres08/select.php?ind=F07

Posted 10/20/09 10:04 PM BruceKoerber Cedar Rapids, IA

http://apoliticalpoliticalcommentary.blogspot.com/ Tuesday, October 20, 2009 Where Do All Of These Wall Street Profits Come From? The bailout beneficiaries have recorded noteworthy profits according to their accounting records. How real are those numbers and how real are the dollars that were floated in their direction? How real is the system of corruption that pretends to be the United States? The two standards that can be used to measure authenticity are: the gold standard, and the Constitution. Against that backdrop the Wall Street shenanigans and the merit of the supply of counterfeit notes are clearly imaginary. Likewise the unConstitutional coup is blatantly treasonous when tested by the intent of the Constitution.

Posted 10/21/09 01:01 AM Cliff Hutchison Portland, OR

Here's the mono-syllabic marketing version: CONNED

Posted 10/21/09 01:02 AM Cliff Hutchison Portland, OR

Or, even better: CORP.