The Scanner-Politics 4/8/2009 (Double Talk; Overstaying a Welcome; Moyers Talks to William K. Black, the 1980’s Regulator Who Cracked Down on Banks–He Levels Accusations of Law-Breaking Against Obama & Company

~~By InsightAnalytical-GRL

Today’s Scanner articles courtesy Kenosha Marge

Here’s a piece that sums up the path of Barack Obama’s first few months in office nicely–it’s the pattern, stupid:

Obama’s Double-Talk

While the president talks sobriety, his policies take America on an economic bender

Matt Welch | May 2009

High-flying presidencies tend to reveal their base character in trivial moments. In March 2002, when the nation was still massively behind George W. Bush in the wake of the September 11 attacks, he gave the first obvious signal that his administration would play cheap politics even in a time of grave global uncertainty by slapping a temporary new tariff on imported steel. If the world’s fragile economy and the putatively bedrock principles of free trade could be sold out for a couple of percentage points in contested Rust Belt states, we shouldn’t have been surprised to learn that the very “war on terror” would be subject to political manipulation, or that Bush’s skin-deep economic philosophy could not be counted on in a crisis. The costs of what this move revealed became clear soon enough, and eventually Americans withdrew their benefit of the doubt.

Barack Obama’s revelatory moment may have come in his first week as president. On his first day of work, he signed an executive order prohibiting lobbyists from holding highranking administration jobs, thereby fulfilling a campaign promise to “close the revolving door” between K Street and government via “the most sweeping ethics reform in history.” Two days later, the president granted a “waiver” from the new rules to install Raytheon lobbyist William Lynn as the No. 2 man in the Pentagon.

As offenses go, the move was trivial. But as a signal of a governing pathology, it established a pattern that Obama has repeated serially since being sworn into office: reiterate a high-sounding promise from the campaign, undermine said promise with a concrete act of governance to the contrary, then claim with a straight face that the campaign promise has been and will continue to be fulfilled.



As Obama returns to Washington to the praises of the U.S. media, apparently all aren’t as enamored “over there.”  Here’s a little snippet from the UK. It’s from the Telegraph, a Murdoch paper…but it still is quite delicious:

–From Iain Martin’s blog:

Isn’t it time for him to go home yet? It is good, in theory, that the new President of the United States is taking so much time to tour Europe. He arrived in London last Tuesday, has been to Strasbourg, Prague yesterday and now he’s off to Turkey. It shows, I suppose, that he cares about the outside world and that is ‘A Good Thing’. But his long stay means that we are hearing rather a lot from him, way too much in fact.

According to Martin, Obama is “long-winded.”  I think that’s being kind.


Bill Moyers has interviewed William K. Black, “the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s.” Moyers introduces Black with this:

Now Black is focused on an even greater scandal, and he spares no one — not even the President he worked hard to elect, Barack Obama. But his main targets are the Wall Street barons, heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname “banksters.”

During the interview Black accuses the banks of deliberately making bad loans, calling them “liars loans.”

Black supported Obama, but is disgusted now:

MOYERS:… To hear you say this is unusual because you supported Barack Obama, during the campaign. But you’re seeming disillusioned now.

WILLIAM K. BLACK: Well, certainly in the financial sphere, I am. I think, first, the policies are substantively bad. Second, I think they completely lack integrity. Third, they violate the rule of law. This is being done just like Secretary Paulson did it. In violation of the law. We adopted a law after the Savings and Loan crisis, called the Prompt Corrective Action Law. And it requires them to close these institutions. And they’re refusing to obey the law.

Well, there you go, on Moyers Journal, no less.

But, unfortunately, it’s not on the network news.  But, at this point, I guess we should be thankful for ANYBODY who goes after this mob…

19 Responses

  1. That Moyers did the Black interview is, of course, to his credit. That he didn’t bother with that kind of interview before the elections is not. Moyers may have woken up and smelled the coffee now but back then he was slurping the Kool Aid as fast as he could get it down.

    Moyers and the others that stopped being journalists to be fans are much to blame for the fact that this phony sits in the Oval Office. I once regarded Moyers as a journalist I respected. Now he’s just another talking head that sometimes gets it right and actually does the job of a journalist. Partisanship doth make a mockery of balanced “reporting”. IMHO

    • Moyers is just a tool, but at least Black is allowed on his show…Black still supports Obama but not on the “financial” stuff…which, to me, is ALL the STUFF!

      But his comments are correct and out there, at least…

      Years ago, I researched Moyers and his wife, as well as a lot of the foundations that supported him. He creates the shows then PBS airs them….it’s his business.

      Buzzflash wouldn’t let me publish the info…told me “what is my point?” because I dared to question one of the “liberal lions.”

      His wife has been on the board of a big energy outfit (starts with a C, forget the name now)

  2. “Moyers and the others that stopped being journalists to be fans are much to blame for the fact that this phony sits in the Oval Office.”

    My thoughts exactly. I was a fan of Moyers, until this big lie was pushed on us from his very own studio. Really thought he had more integrity than that.

  3. Back in the day I toyed with the concept of being a journalist, but decided to give it up as a career because it was so unethical. Ironically, back then I thought it was the nepotism and the need to “know somebody” to get a foot in the door that was the biggest problem. Today I realize I was right, but for entirely different reasons. How can we ever hope to have a decent media if the main criteria is how you look? The who you know part still comes into play as well, and if you’re a lazy, hypocritical, lying SOB do you think you’re likely to hire an honest reporter?

  4. I watched that interview with Black. He was right on target. It’s a shame he wasn’t right on target back when he was supporting Obama for president. He’s another in a long line of supposedly intelligent people who hung their critical thinking skills out to dry when it came to Teh One. NOW he gets religion, having stuffed the impostor down the country’s collective throat.

    You know, Marge, the public reaction to Obama’s happy-talk offensive is fascinating. It’s working, too. While 74% of the public say they want higher taxes on the rich, the number of people who actually support axing the heads of crooked Wall Street companies has fallen from 59% in December to 43% today, according to Rasmussen.

    And Obama’s approval rating is up to 66%, per CBS. This is crazy. What little is left in our treasury is being systematically looted and people can’t see the president’s fingerprints on the vault door.

    I swear, we deserve this joner. Well, maybe WE don’t but the rest of the country sure as hell does.

    The total disconnect between what Obama does or says and what people believe he actually did or said is mind-boggling.

    Obama’s approval
    rating is up to 66%, according to CBS.

    According to Rasmussen, support for axing the heads of crooked Wall
    Street companies has fallen from 59% in December to 43% today.
    Michelle’s approval rating is up six points to 67%.

  5. Ooops…ignore duplication in the last two paras above. That’ll teach me to paste stuff into a comment page and then try to compose it.

  6. I share you amazement at the disconnect of what Oblahblah is and what his loyal fan base seems to think he is creeper.

    But I tell myself that it’s early days yet. Most people want so badly to believe that this administration is better than Bush that they’re willing to give him the benefit of a doubt. Again and again.

    I remember back a few years when I was shaking my head in disbelief about the media kissing Bush’s ass and the public supporting the war-mongering moron.

    People will usually see the truth in time. My concern is that we don’t have all that much time before the Obama Adminsitration revokes what few rights we have left and bankrupts the country.

    Am I supposed to feel better about that happening because a Fauxgressive is in the White House instead of a conservative?

  7. O/T but thought you might like to check this out:

    Selling nuclear materials to Iran and supposedly there were NY banks that “unwittingly” allowed it to happen through them. Yeah, and everything Obama does isn’t on purpose, either. /snark.

    • Thanks for the info, Grail. For anyone who believes that these greedy bankers “unwittingly” allowed this to happen I have nothing but pity and disgust.

      Do they expect us to believe that out of all the banks named, not one of them suspected anything? What kind of controls do they have? Or were they too busy counting the bail-out money they were given that they didn’t have time to keep a tighter rein on Chinese/Iranian transactions.

      It is pure GREED.

    • This looks like material for the Past Week column, GG!!

  8. Speaking of double-talk, how about the stem cell research lie? Obama announces that he’s lifting the restrictions on federal funding for stem cell research. Banners wave, cheers erupt, praise abounds.

    There’s just one problem. He didn’t bother to include that funding in the budget.

    I’m beginning to wonder if Barack Obama has lived a lie for so long that he no longer understands truth.

  9. Sorry, I haven’t had a chance to read the post.

    Marge, I know it is wonderful – everything you do is wonderful (gush, gush).

    I am leaving to do more errands, but just as I was walking out the door, I heard this on the radio and came right back to post it.

    POTUS Obama is urging homeowners to refinance their mortgages !!!

    This is another WTF moment for me. Just when I thought I couldn’t be more angry, and feel more animosity toward this jacka$$, he proves me wrong.

    I’ll f*cking refinance when TehOne signs the mortgage note and pays off my loans.
    This jerk is more interested in helping out “his” banking backers than in being anything close to a president.
    Egad! How I loathe what is happening.

  10. Blago has yet to sing.

    I hope he sings like a canary.

    maybe then we can get rid of this jerk.

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