"Obama still can't venture any farther left than his corporate leash allows."
Earlier this year, Obama rejected moratoriums on foreclosures and a freeze on rates, measures supported by his primary opponents John Edwards and Hillary Clinton (Obama called Clinton's rate freeze "disastrous"). Nearly two million foreclosures and evictions later, after facilitating a trillion-dollar corporate raid on the public treasury, and caught in a bidding war with McCain on spending what remains, Obama still can't venture any farther left than his corporate leash allows. Obama derides McCain's proposal to spend up to $300 billion buying up homeowners' mortgages at face value and repackaging them at terms consistent with current home values, calling it too expensive and a boon to lenders (the latter part is certainly true). But he championed the original $700 billion "cash for trash" scheme that was designed as a pure bailout for speculators - his investment banker friends - and would save not a single family from losing its home.
[SIZE=4]blackagendareport.com - Obama and the Derivatives Merchants[/SIZE]
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