*The Wall Street occupiers’ withering knock at corporate and financial greed, manipulation and corruption is much deserved.
Their knock at former President Bush and Congress for giving Wall Street financial houses the taxpayers’ open checkbook to bail them out with virtually no requirement that they in turn bail out distressed homeowners and struggling businesses is much deserved.
Their knock at government regulators for not imposing new tough regulatory rules on Wall Street to end obscene CEO payouts and their manipulative, casino-type investments and speculation and profiteering is much deserved.
Their knock at President Obama for somehow being complicit in Wall Street’s greed, recklessness and insensitivity is not deserved. Yet there were the shouts that Obama is Bush and the signs assailing him sprinkled throughout the throng that are battering Wall Street.
The case against Obama for aiding and abetting Wall Street mostly hinges on the cast of administration officials surrounding him that have deep ties to Wall Street, his failure to push for a financial reform law with the sharpest teeth, and that he did not make like FDR and launch a massive reconstruction program to save homes and put millions of Americans back to work.
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Earl Ofari Hutchinson is an author and political analyst. He is a weekly co-host of the Al Sharpton Show on American Urban Radio Network. He is an associate editor of New America Media. He is the author of How Obama Governed: The Year of Crisis and Challenge. He is host of the weekly Hutchinson Report Newsmaker Hour on KTYM Radio Los Angeles streamed on ktym.com podcast on blogtalkradio.com and broadcast on thehutchinsonreportnews.com
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