Matt Taibbi on Obama’s economy

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The text and video below come courtesy of Rolling Stone magazine.

In “Obama’s Big Sellout”, Matt Taibbi argues that President Obama has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway. Rather than keeping his progressive campaign advisers on board, Taibbi says Obama gave key economic positions in the White House to the very people who caused the economic crisis in the first place. Taibbi also points to the ties Obama’s appointees have to one main in particular: Bob Rubin, the former Goldman Sachs co-chairman who served as Treasury secretary under Bill Clinton.

Click here or on the image below for Taibbi’s video breakdown of his argument in which he identifies the major players on Obama’s economic team, untangles the web that ties them to Rubin and points to how these relationships play into the financial “reforms” the Democrats are currently pushing through Congress. The full story is available online here.

rollingstone

Source: Rolling Stone, December 9, 2009 (hat tip: The Big Picture).

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More on this topic (What's this?) Read more on Obama's Presidential Policy at Wikinvest
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