Obama's Big Sellout

The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the ... Full Story »

Posted by Randy Morrow - via Columbia Journalism Review, NewsRack (Poverty)
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Posted by: Posted by Randy Morrow - Dec 12, 2009 - 12:37 AM PST
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Dec 12, 2009 - 11:45 AM PST
Fabrice Florin
3.5
by Fabrice Florin - Dec. 12, 2009

Interesting but very opinionated story about alleged machinations by Obama administration, which the author says favor Wall Street millionaires at the expense of the American public. While the story seems well researched and provides new insights, it also is a bit one-sided, and unnecessarily disrespectful of viewpoints that don't fit the author's theories.

I had to reclassify this story as an opinion, rather than news report. You can't have it both ways.

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Randy Morrow
4.4
by Randy Morrow - Dec. 13, 2009

A scathing article by Mr. Taibbi attacking the Obama administration's economic team choices (and their actions), especially the ones (and that would seem to be all of them) with ties to Bob Rubin.

Much like Alan Greenspan, a staggeringly incompetent economic forecaster who was worshipped by four decades of politicians because he once dated Barbara Walters, Rubin has ... More »

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Dwight Rousu
4.8
by Dwight Rousu - Dec. 13, 2009

Taibbi is again insightful, and takes no prisoners.

The point is that an economic team made up exclusively of callous millionaire-assholes has absolutely zero interest in reforming the gamed system that made them rich in the ... More »

See Full Review » (14 answers)
Brian McNeil
2.9
by Brian McNeil - Dec. 13, 2009

Very much in the style of Rolling Stone; an unashamedly rebellious editorial. I rate low on a fairness scale because there is virtually no "right to reply" to what are damning allegations.

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