The Obama Bubble Agenda (part 2) “pump and dump”

[ensho]

http://counterpunch.com/


Bankrolling a Presidential Campaign


The Obama phenomenon has been likened to that of cults, celebrity groupies and Messiah worshipers. But what we’re actually witnessing is ObamaMania (as in tulip mania), the third and final bubble orchestrated and financed by the wonderful Wall Street folks who brought us the first two: the Nasdaq/tech bubble and a subprime-mortgage-in-every-pot bubble.

-snip-

But how could there be a genuine national housing price boom propelled by massive consumer demand at the same time there was the largest income and wealth disparity in the nation’s history? Rational thought is no match for manias.

That brings us to today’s bubble. We are being asked to accept on its face the notion that after more than two centuries of entrenched racism in this country, which saw only five black members of the U.S. Senate, it’s all being eradicated with some rousing stump speeches.

We are asked to believe that those kindly white executives at all the biggest Wall Street firms, which rank in the top 20 donors to the Obama presidential campaign, after failing to achieve more than 3.5 per cent black stockbrokers over 30 years, now want a black populist president because they crave a level playing field for the American people.

The number one industry supporting the Obama presidential bid, by the start of February, -- the crucial time in primary season -- according to the widely respected, nonpartisan Center for Responsive Politics, was “lawyers/law firms” (most on Wall Street’s payroll), giving a total of $11,246,596.

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[redqueen]

1. I thought the lawyers had given more to Clinton and Edwards

than they had to Obama.

[Pharaoh]

2. It's not about his color

It's about his message and his integrity......

[cliffordu]

3. So apparently that millionth monkey with the typewriter was actually

NOT worth the effort......

[Zodiak]

4. Ah, a baroque article (hard as hell to read)

...that makes the same point that has been made forever (and never has gained traction). Obama takes money from the employees of lobbyists, so that means he is in bed with them and will do their bidding.

There is no proof given in the article, just number amounts and a lot of innuendo as to motivations.

And once you hold Obama's activity in this sector up against any other candidate, it becomes ever more clear exactly who is in bed with the lobbyists by the greatest degree, and it is not Obama.

[grantcart]

5. I wonder how many people reading this have any idea what the author means

when he speaks of the 'tulip mania'?

[ensho]

6. I know about the tulip mania

an aside: there is even a novel about it written by a woman - can't remember the name