The Plan

The Obama plan to save the system is unveiled, and as several prominent economists have pointed out, it will not have the desired results. Well, that depends on what you want. The plan will refund losses to those who caused the problems at the top levels, but do nothing for the average American. It passes on the costs to the children of the average American. This much is clear, and perhaps, sometimes, results reveal intentions.

For all of the talk of saving "the" (their) system, at the same time they are abandoning that very system. (Why not, it doesn't work...) The regulators and their masters on Wall Street are busy rewriting the rules for a new system. The mattress-backed politicians will rubber stamp any system they devise, not that they would read any of the legislation anyway. Our system is changing and we have no say.

Some of the sharpest critics of the Obama plan are left-wing supporters of Obama. A subtext in their criticisms is that the deal is so raw, the voter backlash may be overwhelming, perhaps even violence in the streets. Perhaps, but the chances of anything getting out of hand are about zero, given the militarization of local police, and the violation of the Posse Comitatus law under Bush and now Pres. Obama.

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