CRONY CAPITALISM
Barack Obama created more debt for the middle class than any president in US history, and also had the only huge QE programs: $4.2 Trillion.
http://mexicanoccupation.blogspot.com/2017/09/michael-bargo-jr-tragic-legacy-of.html
OXFAM reported that during Obama’s terms, 95% of the wealth created went to
the top 1% of the world’s wealthy.
GET THIS BOOK!
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses
BY TIMOTHY P CARNEY
Editorial Reviews
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s OBAMANOMICS TO SERVE THE RICH AND GLOBALIST BILLIONAIRES.
BARACK OBAMA AND JOE BIDEN, RENT BOYS FOR THE BANKSTERS…. Along with Eric Holder. Interesting that they are all LAWYERS!
During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.” AND NONE WENT TO PRISON… JUST FOLLOW THE MONEY.
https://globalistbarackobama.blogspot.com/2020/11/barack-obama-and-joe-biden-servants-of.html
In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.
This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
The President and his top economic advisers bought the “too big to fail” concept, the notion that regardless of how profligate, irresponsible, even criminal, heads of the leading financial institutions in America had been, it would be worse for the nation if those institutions were to collapse. Consequently, while pushing a legislative agenda of public bail-outs, the Obama Administration maintained a secret program of multi-trillion dollar loans, including billions at below market interest rates. The principal recipients of the funding were JPMorgan, Bank of America, Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley.
Practically every cabinet appointee of Obama’s has close personal connections to the ruling class, many having come directly from corporate boardrooms. Under Obama’s watch not a single executive at a major financial firm has been criminally tried, much less sent to jail, for their role in the financial crisis.
“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG
Trump criticized Dimon (Obama’s fave bankster donor) in 2013 for supposedly contributing to the country’s economic downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case and then pays $11 billion to settle a case and who I think is the worst banker in the United States,” he told reporters.
“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”
JPMorgan’s investment arm, which includes its energy group, collects $14 billion annually; in comparison, six months’ worth of fines would amount to a paltry $180 million.
The new financial disclosures reveal that top Obama advisors directly involved in setting these policies have received millions from Wall Street firms, including those that have received huge taxpayer bailouts.
He is rather typical of the Wall Street insiders who comprise a cabinet and White House team that is filled with multi-millionaires, presided over by a president who parlayed his own political career into a multi-million-dollar fortune.
THE LOOTING OF AMERICA:
BARACK OBAMA AND HIS CRONY BANKSTERS set themselves on America’s pensions next!
http://mexicanoccupation.blogspot.com/2015/04/obamanomics-assault-on-american-middle.html
The new aristocrats, like the lords of old, are not bound by the laws that apply to the lower orders. Voluminous reports have been issued by Congress and government panels documenting systematic fraud and law breaking carried out by the biggest banks both before and after the Wall Street crash of 2008.
Goldman Sachs, JPMorgan Chase, Bank of America and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi scheme.
Judicial Watch: Only Crimes in Russia Scandal Are from ‘Obama Gang’
Katie Pavlich's Latest Books, Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up are available on Amazon
“One of the most disgusting things to come out of the Obama administration was "Operation Fast and Furious," where members of the Department of Alcohol, Tobacco, Firearms and Explosives (ATF) allowed illegal gun sales to go through – commonly referred to as "gun walking" – in order to track buyers and sellers they believed were connected to the Mexican drug cartels. Nearly 2,000 firearms were sold and were eventually found throughout the United States and Mexico. Two of them were used to k ill Border Patrol Agent Brian Terry.” BETH BAUMANN
INCOME PLUMMETS UNDER OBAMA AND HIS WALL STREET CRONIES
(THERE'S A REASON WHY GEORGE SOROS RUNS OBAMA'S BID FOR A THIRD TERM FOR LIFE).
http://mexicanoccupation.blogspot.com/2014/09/soaring-poverty-in-america-good-time-to.html
OBAMA’S CRONY BANKSTERS:
STILL SUCKING THE BLOOD OUT OF AMERICA
http://mexicanoccupation.blogspot.com/2014/01/fifty-years-since-johnsons-declaration.html
This manufactured crisis has, in turn, been exploited by the Obama administration and both big business parties to hand over trillions in pension funds and other public assets to the financial kleptocracy that rules America.
“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes. This is the way a great country is raided by its elite.” ---- Karen McQuillan THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
OBAMANOMICS TO SERVE BANKSTERS
AND GLOBAL BILLIONAIRES
https://globalistbarackobama.blogspot.com/2018/10/barack-obama-his-plundering-banksters.html
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
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