So why the bad taste in progressives’ mouths? It has less to do with where Obama ended up than with how he got there. He kept drawing lines in the sand, then erasing them and retreating to a new position.
The books authored recently by Jeff Connaughton, Neil Barofsky, and Sheila Bair have made clear that the dominant strategy of the Bush and Obama administrations has been providing aid and comfort to the banksters who drove the crisis rather than holding them accountable for their crimes.
By Prof. William K. Black, former regulator under Ronald Reagan
I can’t support either Presidential candidate for a lot of reasons, but this is at the top. Even the most staunchest conservative and capitalist cheerleader in the world would have to agree that you can’t have a stable capitalist system unless you punish fraud and criminality. This is why you can’t take either of candidate seriously when they talk about protecting the middle class, because neither man has lifted a finger (Obama), or has talked about lifting a finger (Romney), to punish the people who wrecked the economy.