[lbo-talk] Obama's Wall Street ass lick: cause and effect

Doug Henwood dhenwood at panix.com
Thu Feb 11 17:32:45 PST 2010


On Feb 11, 2010, at 7:30 PM, Julio Huato wrote:


> In theory, with popular mass support backing him, Obama could easily
> give the bankers the finger. Clearly, Obama has not chosen that path.
> Why?

Because he's in awe of Wall Street. The establishment adopted him, greased his rise, and he has nothing but admiration and gratitude in return. He's not like FDR, who emerged from the aristocracy and didn't mind pissing on them.

That, and the quiescence of the working class and the lack of a USSR, of course.

Doug



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