Showing posts with label Obama Wall Street. Show all posts
Showing posts with label Obama Wall Street. Show all posts

Saturday, August 8, 2015

Obama Heads For Vacation at Elite Enclave Martha's Vineyard


With Congress having already blown town for their latest extended vacation that taxpayers are on the hook for, the Emperor himself wasn’t far behind. Barack Obama is packing up the plantation for a trip to the posh enclave of the wealthy in Martha’s Vineyard and he is starting a day earlier than planned. One of the greatest perks of being POTUS, outside of the costly security, cool helicopter rides and that big white party crib at 1600 Pennsylvania NW is that when it comes to taking vacations the sky’s the limit. 

There is no shame on Barry’s behalf in making the jaunt up the coast to the Vineyard where he can do the shuck and jive with all of the high rollers who have raked in the cash over his coddling of Wall Street criminals. He will also be sucking down a good share of free drinks while getting slapped on the back for that abomination of a job-killing trade deal that he just crammed down the throats of Americans.

As reported by AP via Yahoo News “Obama Gets Jump on Martha's Vineyard Vacation”:
President Barack Obama's summer vacation has begun.

Obama arrived on the Massachusetts island of Martha's Vineyard on Friday, a day earlier than originally scheduled, for a 17-day break before he plunges into a busy September and fresh battles with the Republican-controlled Congress over Iran, spending and other issues.

Obama, Michelle Obama, daughter Sasha and dogs Bo and Sunny flew aboard Air Force One to the Coast Guard station on Cape Cod, before boarding helicopters for the short hop to Martha's Vineyard, the summer hangout for the wealthy just to the south.
The president arrived at his vacation home in Chilmark, the same seven-bedroom, nine-bathroom property he rented last year, after a 20-minute drive over the picturesque island's gently rolling hills and verdant green spaces.

White House press secretary Josh Earnest said Obama realized he could spend Friday night on the island after all and "get started on his vacation first thing (Saturday) morning" so he decided to go for it.

With no official appearances scheduled, Obama will fill his days with leisurely rounds of golf, beach outings, bike rides and hikes with his wife and daughers, and dinner with Mrs. Obama and their friends at some of the island's top restaurants.

He traveled with a small group of aides, including national security adviser Susan Rice, senior adviser Valerie Jarrett and others, who will update him as developments warrant.

There is a chance that Obama and former Secretary of State Hillary Rodham Clinton, who is seeking the Democratic presidential nomination to succeed Obama, will see each other on the island. They are expected to attend a birthday party for Ann Jordan, the wife of Democratic adviser Vernon Jordan.

Obama and his aides are hoping for a more relaxed summer getaway. Last year's vacation began as the U.S. started launching airstrikes against Islamic militant targets in Iraq. He interrupted the vacation several times to address political developments in Iraq, the beheading of American journalist James Foley by Islamic State militants and violent protests that erupted in Ferguson, Missouri, following the fatal shooting of an unarmed, 18-year-old black man by a white police officer.

Obama later was criticized for heading to the golf course immediately after condemning Foley's killing.

He also returned to the White House in the middle of last year's vacation to attend meetings. There are no plans for a similar trip before Obama's vacation ends on Aug. 23.

It’s nice to see that we are all having to pay for his entourage to make the trip as well, haven’t Valerie Jarrett and Susan Rice ever heard of teleconferencing? It's all about getting over in Obamastan.

The locals will no doubt be in a state of rapture with not only Obama but Queen Hillary both bestowing the gift of their royal presence upon them. In between golf outings, lobster dinners, clambakes and bacchanals that would make Roman emperors envious there will be plenty of time for fundraising. On the bright side, it is the last end of summer vacation that Obama will take before leaving office but with the GOP party bosses about to dump the only candidate who can beat Hillary Clinton she and Bill will be happy to continue the tradition until 2024.

Friday, October 11, 2013

Wall Street Casinos Jubilant as Bipartisan Deal Looms


To the moon Alice! The Dow Jones Industrial Average rocketed up 323 points on Thursday as the imminent bipartisan effort to preserve the ongoing government subsidizing of America’s great gambling casinos on Wall Street was locked and loaded. In a much hyped meeting  between Obama and Republicans an agreement to kick the debt ceiling can down the road to allow for “negotiations” and postpone the cancelling of the maxed out national credit card sent the crack ho markets soaring. The jubilation on 'the street' is a celebration of more of the same brand of crony capitalism, rigged financial markets that are unable to function without a constant stream of government supplied heroin in the form of free gambling money and QEuphoria got their latest fix. As of market closing time on Friday, the DJIA was up another 111 and change as the negotiations between Barry and the congressional mob wasn't fully consummated although the lights had been dimmed, the sheets turned down and the tube of KY jelly parked upon the nightstand. This thing is just about over and the only ones who will be screwed - again - will be the regular American peasants who don't have the ability to buy the juice in Washington like the big boys do.

Today's White House dog and pony show had the added attraction of the presence of the Texas Zamboni aka Senator Ted Cruz, the Harvard educated former Supreme Court clerk elitist turned cultural populist with a snake handler for a daddy and an eye on a his own gig at 1600 Pennsylvania Avenue.  The state media reveled in the presence of the oily Cruz and his confrontational digs at El Presidente and the biggest media whore to emerge since John McCain basked in the press attention. Cruz was tolerated like an unruly and petulant child is but when it came down to it the deal cutting was being done by the de facto lobbyists executing their marching orders to keep the government gravy train running efficiently when it comes to preserving the inflated markets. There will be a deal in the very near future, that ridiculous October 17th deadline that was hyped incessantly by the presstitutes was always bullshit and anyone with any common sense understood it.  Here in the Homeland, the "new normal" is government supported financial markets, the 'too big to fails' will never be allowed to simply go out of business as lousily run outfits would in a true capitalist environment. The big boys know very well that as George Carlin put it in his scathing and brilliant rant "the American Dream" put it - "the table is tilted... the game is rigged".  The propagandists in the corporate-state media will continue to sell the big lie of the triumphant American capitalist system but the troth is that the markets are totally dependent on free chips from the discount window. Yet another cramdown is coming for the peasants thanks to Barry and his corrupt administration wgi are at this very moment engaging in yet another sellout of America in favor of big money special interests. It must be getting close to Halloween because the ghost of Karl Marx is out and cackling hysterically at how the corrupt American system has vindicated his criticism of capitalism.

Oh but there was much sound and fury over the so-called tea party representatives refusing to cave on the debt ceiling but the big business hustlers, including the Koch Brothers were starting to sweat the implosion of the house of cards economy.  Then suddenly, like a burst of god’s own sunlight beaming down through the dark clouds of collapse a miraculous and serendipitous occurrence of bipartisanship arrived to save the day. Did you really believe that after over five years of shoveling house money extracted from the hides of the little people was going to be blown up by a pack of occasionally earnest but more often incurably useful idiots and their ‘principled’ stance against debt and the deviltry of Obamacare? Nope. Just like those other wonderful aspects of 21st century America - war, torture, domestic spying, building more prisons, rigging the laws to ensure that those for profit prisons are packed with revenue generating human flesh to keep the bribes flowing, propagandizing, censoring journalists and all of the rest of the cornucopia of fascist wonders that rose out of the smoking wreckage of the World Trade Center the big con of the Wall Street Banks, their Federal Reserve and the traders and hedge fund hyenas will endure forever. There is zero way that the sitting government, or for that matter ANY of their bought and paid for successors are ever going to end the fleecing of America.

Combine that with the announcement that Janet Yellen would be replacing the esteemed Ben Bernanke at the Fed and inheriting command of the helicopter squadrons and an even bigger proponent of subsidizing the markets than Chairman Ben and it is Christmas in October for the pigs. But the average schmuck continues to get hammered in our star-spangled banana republic, the proper nickname of which should be the “Land of Fuck You, I Got Mine” and of which the national anthem, a homage to our dependent markets would be Lou Reed's "Heroin".

Freedom isn't free, unless of course you can afford to buy the government itself. Is this a great country or what?

Thursday, October 3, 2013

Wall Street Toady Obama's Buddies Conjure Visions of Economic Doom


Of all things that Barack H. Obama has accomplished during his lamentable tenure in the White House he has consistently been able to contort himself into a foot stool for Wall Street. Obama more than anyone is responsible for this rank era of economic malaise, the failure of capitalism and the open season for the finance vampires to feed on the all of the lesser cattle roaming the perimeters of Uncle Sam’s plantation. It was Obama and his slimy consigliere Rahm Emanuel now the Mayor of Chicago who long ago cast their lot with the corrupt banksters. It was he who appointed Timothy Geithner, a reliable bagman for Wall Street as Treasury Secretary and enabled the Federal Reserve’s subsidizing of failed institutions that were able to purchase political clout and push this once great nation closer to the brink of insolvency - if it isn’t already there which is debatable. Despite his silly and focus group tested rhetoric about “hope” and “change” the flim-flam man in chief was only delivering “false hope” and “chump change” to 99  or so percent of American high rollers, while giving the looters and parasites free reign to pillage with aplomb and to give the rest of us the royal shaft.

If the so-called tea party has ever done anything right (and I have yet to see it) I would love to see it be them pushing the country into default and crashing forever the schemes of money changers the  like Lloyd Blankfein and his ilk. The unpunished culprits who destroyed the economy and have been coddled by Barry and the boys ever since and the ONLY thing that this type of scum understands is money. Let them lose it out the ass when their rigged markets come crashing down the day after the debt ceiling isn’t raised. Fuck them!

A parade of scum led by Goldman Sachs’ Lloyd Blankfein, JPMorgan Chase’s Jamie Dimon and Bank of America’s Brian Moynihan arrived at the White House on Wednesday to present Barry with his marching orders.  Oh lord help us,  the sky is falling bleated the swine as the partial government shutdown went into day three. Despite the ongoing political circle jerk it was becoming incresingly possible that a small group of GOP lawmakers are not only going to keep on holding out but also will stick together to nix raising the limit on the national credit card - which should have been cut off long ago. The banksters seem to be getting restive at this point largely because much to their dismay they have run into a small block of resistance that is not susceptible to the standard high finance bribery and threats. From the beltway's ‘inside baseball’ report formally known as Politico there is this interesting bit entitled Government shutdown: Wall Street angry at tea party it has no influence over from which I excerpt:

Wall Street is clear about who’s to blame for the government shutdown and a looming debt default: tea party Republicans.

What’s less clear is what Wall Street can do about it.

The reality is that deep-pocketed financial services executives and their lobbyists have little leverage against tea party lawmakers who don’t much care for financiers or big banks and don’t rely heavily on the industry for campaign cash.

“Those are the ones who are most problematic for Boehner,” one D.C.-based lobbyist who represents financial services clients said of tea party lawmakers. “I don’t think there’s any way for Wall Street to punish the 25 to 50 hard core House Republicans. It’s not like [Reps. Steve] Stockman and Tim Huelskamp are doing a lot of Goldman Sachs events. I don’t think Justin Amash cares if Bank of America gives to him or not.”

The rise of tea party lawmakers’ influence is shift from years past when the Republican party was more business friendly and could be counted on by Wall Street to give great weight to its concerns.
For many members of Congress, wooing wealthy Wall Street donors and financial services PACs is a routine part of their reelection efforts and a source of frustration for industry critics who view this largesse as standing in the way of reforms. The reputation of the banking industry has taken a beating since the financial crisis, but it nevertheless remains a powerful lobbying force in Washington thanks in part to its generous political donations.

But the industry feels powerless when it comes to dealing with some members of the tea party, who are immune from one of Wall Street’s most potent tools: campaign donations.

“The extreme radicals are going to get reelected because they come from districts where they don’t need to raise that much money,” said Greg Valliere, chief political strategist of the Potomac Research Group. “This new tea party movement is not particularly pro-business. They certainly are not pro-Wall Street and pro-big banks. That is a new strain in the Republican party that worries many on Wall Street.”

It seems that some of the big boys in their Wall Street ivory towers, operating with total impunity to swindle the last fraction of a cent out of every living human being and who are above the law thanks to the protection racket that Obama heads may not get the equivalent of the bailout that saved them from their bad gambling bets in 2008.  Blankfein, who in any decent society would be rotting in one of the darkest dungeons in the land will find some way to once again fleece the taxpayers in order to fund his Goldman Sachs mega-casino but there may not be the accustomed political cover this time. He and his fellow financial jackals were able to successfully pull off a costly and brilliantly constructed propaganda campaign in the aftermath of the economic crash. This was fully aided and abetted by one Helicopter Ben Bernanke with his “Green Shoots” sloganeering which was enough for the sheep with their 401Ks to go back to their passive willful blindness and just tune out reality and tune in their televisions .  Then our prestigious head central banker fired up the printing presses at the Marriner S. Eccles Building for endless Quantitative Easing giveaways to take all of the worthless bad paper of the banksters onto the Fed’s bursting at the seams  balance sheet and provide them with even more money to gamble with while Americans lost their jobs, homes, insurance and their hope. It was the greatest crime in the history of the republic and nobody who was responsible ever went to prison let alone received so much as a slap on the wrist by Barry and the boys, only free food and drink on the taxpayer tab as they defiled the White House with their presence to one more time hold out their hats.

The “Oracle of Omaha” himself Warren Buffet once referred to Wall Street derivatives as financial weapons of mass destruction, let’s see the well dug in tea party renegades be the ones who do the world a favor and set it off, bringing down all of their illicit bets upon their heads and their corrupt system of financial fraud along with it. Like one of those cleansing rains of biblical proportion. Granted, that it will be rough for awhile but perhaps it will allow for a reset of what were supposed to be the free markets of capitalism.  In the process of reconfiguring the system, restoring the rule of law along American credibility and free enterprise. There could be search parties sent forth to dig through the rubble and find the scoundrels responsible for the collapse. The lines to the guillotines could begin forming up at the ass end of that golden calf of a bull statute that sits at the foot of Wall Street.

Oh, and the service academy college football teams will play on Saturday - nice to see where our priorities lie.