Obama: The “Trust-Buster” Who Never Busted a Trust


A Black Agenda Radio commentary by Glen Ford

Obama claims that bailing out the banks “infuriated” him. Lucky for them. “When Obama supposedly got furious at the banks, he put the whole government and the Federal Reserve at their beck and call and funneled more than $16 trillion into their accounts.” We could all profit by becoming the objects of Obama’s rage. He also imagines he’s Teddy Roosevelt – except for the fact that Obama, as president, has never shown the slightest inclination to bust up monopolies.


Obama: The “Trust-Buster” Who Never Busted a Trust

A Black Agenda Radio commentary by Glen Ford

Apparently, it pays big time to get Barack Obama ‘infuriated.’”

President Obama thinks he can win reelection by running the same hoax on his Democratic base as he did in 2008: flavoring his speeches with progressive sounding rhetoric while tightening the bankers’ grip on government and continuing his pursuit a “grand bargain” with the Republicans. In his speech on Tuesday in Kansas, Obama depicted himself as the reincarnation of President Teddy Roosevelt, known as a corporate “trust-buster” at the turn of the 20th century. But Obama is no trust-buster. He has never busted a corporate monopoly. His administration approved the merger of Comcast and NBC, consolidating even an bigger monopoly and giving the lie to his 2008 campaign promise to reinvigorate anti-trust enforcement.

The Obama m.o. is to talk a progressive game and then do just the opposite. He claims he found it “infuriating” to rescue the banks from collapse when he came to office. If that’s the case, then the best thing that could happen to Black people would be for Obama to get absolutely furious at us – and then the trillions would flow. When Obama supposedly got furious at the banks, he put the whole government and the Federal Reserve at their beck and call and funneled more than $16 trillion into their accounts. Apparently, it pays big time to get Barack Obama “infuriated.” If he gets mad enough at you, he’ll open up the windows at the Federal Reserve and hand out trillions of dollars in interest-free loans. Then, if you’re a bank that he’s really mad at, you can take the people’s money and buy U.S. Treasury bonds and get a healthy return on your cost-free investment.

Obama’s own pitiful program to keep families in their homes was a colossal failure that helped only a fraction.”

In Kansas, Obama claimed that his so-called banking reform legislation will funnel money to “families who want to buy a home or send their kids to college.” We’ve seen no evidence of that happening. But Obama did make sure that his “reforms” did nothing to upset the Wall Street derivatives casino that is now notionally valued at at least $600 trillion – about the same as it was before the 2008 meltdown and bailout. $600 trillion is roughly ten times the value of all the yearly goods and services produced by every man woman and child in the world. It is a ticking time bomb that will inevitably bring down the real world economy if it is not defused. Apparently, that makes Obama absolutely paralyzed with rage.

Obama says the banks “should be remedying past mortgage abuses that led to the financial crisis, and working to keep responsible homeowners in their home.” It’s nice to hear what he thinks banks “should” be doing, but he didn’t use his presidential clout to compel them to do much of anything to change their ways, even when he could, back when Democrats controlled both Houses of Congress. And Obama’s own pitiful program to keep families in their homes was a colossal failure that helped only a fraction. Perhaps Obama is now infuriated with himself.

Throughout his Wizard of Oz Kansas speech, Obama attempted to put moral and philosophical distance between himself and the Republicans. But this is not 2008. Anyone with eyes and ears and a memory now knows that Obama is a true believer in the old time deficit cutting religion, a disciple of austerity, a man who wants nothing more than to join hands with the GOP to gut Social Security, Medicaid and Medicare. Obama is a charlatan who cites the deeds of dead presidents but pursues policies that are directly the opposite. In other words, he is a very elaborate liar.

For Black Agenda Radio, I’m Glen Ford. On the web, go to BlackAgendaReport.com.

BAR executive editor Glen Ford can be contacted at [email protected].



Teddy Roosevelt?!!

Right on glenn! I'm reminded of Obama at the begining of his term telling colleges to get a football playoffs "done" but what did HE doabout it? I think we all know the answer to that one.

The Obama Trust

                  W el l     sa id, Mr. Ford, well said!!!!!

When Obama first campaigned for the presidency, he positioned himself as the defender of the American worker.

                                                             Today, Obama is once again campaigning for the presidency, this time for reelection, and once again he positions himself as the defender of the American worker.

So what’s Obama been doing the last three years in office?

Recently, Obama actively supported, and signed, three more “free trade” agreements, conceived and written by the Bush Administration, to further offshore American jobs and aid in job creation overseas instead of in America.

At every opportunity, Obama has been working on behalf of Wall Street and Republican agendas, undermining Social Security, appointing as FCC chair an AT&T lobbyist who had aided in writing both NAFTA and the Telecommunications Act of 1996, which effectively negated any possibility of a free press.

One of Obama’s first appointments to his economic advisory council was the non-economist and number one American jobs offshoring evangelist, Diana Farrell.

Obama’s appointment as his job creation czar was the number two American jobs offshorer and corporate tax evader, Jeffrey Immelt, CEO of GE.

Going for strike three, Obama appointed the number three jobs offshoring evangelist, Jim Kobe, as a trade representative.

Obama has successfully put together a 100% neocon administration.

His appointments to the Office of Information and Regulatory Affairs (OIRA) have successfully altered and undermined regulations to roll back workers’ rights, environmental rights and greatly favor Wall Street over the American worker.

Obama has pursued, and jailed, more whistleblowers than all previous US presidents combined.

Obama has ignored due process and habeas corpus at every opportunity.

Obama has expanded various Bush policies, including the most egregious “preemptive arrests” of activists; straight out of old Soviet totalitarianism!

The one bright and brief moment in Obama’s presidency, when he vetoed the Senate’s cowardly and criminal unanimous voice vote to grant blanket immunity to crimes committed by the bankers, which was quickly dispelled when his administration most stealthily and quietly created a 50-state attorneys general committee to grant that very same immunity.

A common Obama Administration ploy:  stealthily doing the opposite of what they voice publicly.

Obama has continued the Bush bailout of the banksters and was responsible for  the backdoor bailout of the health insurance industry.

We have witnessed Obama’s almost endless appointments of Wall Street lobbyists, pharmaceutical industry lobbyists, Monsanto lobbyists and telecom lobbyists to circumvent network neutrality.

Obama has been as silent on card check – the right of workers to organize – as he was on the public option, and his administration adamantly refused to even remotely consider single payer on his so-called healthcare reform.

Obama, after nauseating real democrats with his constant admiration for neocon Ronald Reagan, is suddenly embracing Teddy Roosevelt!

Sorry, Mr. President, but last-minute posturing as a populist doesn’t erase your record against the American worker and citizenry, and consistent support of the Wall Street and Republican agenda.

A president appoints those people who support his platform, just as he fires those who do not.

When President John F. Kennedy fired people, he fired the right ones:  Allen Dulles, Richard Bissell, Charles Cabell and ultra-rightwing generals from the military.

And who did President Obama fire?

Vann Jones – the green jobs man

Susan Crawford – advocate for network neutrality, the last vestige of a free press

Shirley Sherrod – not even a presidential appointee, but an employee with the Department of Agriculture and small farmer advocate

It’s time for a real democrat in the White House!



Trust Obama !!!!

Thanks Mr. Ford for letting us know that using the words Trust and Obama in the same sentence is a NO NO.  Obama can’t break up any Trusts because (News Flash!!!) he is working for the Trusts IE a Trustee (Du uh).  You got to give him credit he knows how to dance with the group that brought him to the dance.  He is selling us all out for his corporate big finance puppet masters.  If you need some evidence to prove this point look here http://www.smirkingchimp.com/thread/richard-eskow/40129/mr-president-stop-protecting-bankers-from-these-law-enforcement-officials and see for yourself how Obummer through the Just Us department is trying to get IMMUNITY for the Wall Street Financial Terrorist Who have thrown the nation’s economy under the bus.  Oh by the way since Obummer won’t try to prosecute the banks the states have started to do it, look here to see http://therealnews.com/t2/component/seyret/?task=videodirectlink&id=11597 .  Anyone who believes this man has the best interest of “We The People” in mind has got to be suffering from hypoxia (lack of oxygen to the brain).  I’m just saying, Lord Oh Lord please help us all.



S Murph

President Barack Obama is But One of Multiple Sellouts!


Source: Ceyseau(dot)net and inept leaders

I'm against President Barack Obama, U.S. Supreme Court Justice Clarence Thomas, 33rd Congressional District Congresswoman Karen Bass, 2nd District LA County Supervisor Mark Ridley Thomas, and/or other black people in policy making positions, be it past or the present, because he or she do not use his or her influence to uphold the U.S. Constitution or any respective State Constitution to protect the lawful rights of U.S. born descendants of slavery.

“There are cases where an individual has been wrongfully treated by his government and about the only way, unless the individual resorts to court, and even in some cases the courts are not able to give proper relief, the only area or avenue open to the individual is through his representative. When you find a bona fide error has been made, I suggest that you make a maximum effort to remedy it. This I feel is a vital and important function of those of us in the House of Representatives”.

Authors: Donald G. Tacheron and Morris Udall, from the book entitled, “The Job of the Congressman”, pages 65 and 66.

(The above excerpt “The Job of the Congressman” holds true for any elected office holder, and/or U.S. Citizen.)

The value of an elected official, without respect to political party affiliation, criminal or civil defense lawyer is gauged by the competency of any of these influential individuals to use the Constitution, the rule of law, tort practice to represent a client, especially a client egregiously violated by the atrocities of government.

This would be especially the case for any influential individual of the same ethnic identity of the individuals served, because it is not in the best interest of any other ethnic group to be the first to step up to the plate in behalf of the specific ethnic group (Black in this instance) egregiously violated by government who seeks redress in compensation, restitution from the government for the harm done, etc.