Obama Is Even Worse than Bush
Matt Taibbi says:
“Hands down” Bush was tougher on corporate America than Obama.
That is fact, not opinion.
Taibbi explains that – as bad as the Bush administration was – they at least prosecuted the heads of Enron, Worldcom and some other white collar crooks.
In contrast, Obama hasn’t prosecuted even one high-level Wall Street executive.
Obama has prosecuted fewer financial crimes than President Reagan, Clinton or either of the Bush presidents. Indeed, Obama’s chief law enforcement officer – the Attorney General of the United States – has publicly stated that he won’t go after big banks.
On the other hand, Obama has prosecuted more whistleblowers than all other presidents combined. Obama – even more than Bush – is protecting criminal activity by prosecuting and harassing whistleblowers. Indeed, the Obama administration is are literally treating whistleblowers as terrorists.
Obama is even worse than Bush in redistributing wealth from the American people to a handful of fatcats and spying on Americans.
While everyone knows about the $700 billion “Tarp” bailout which started under Bush, a top banking analyst puts the current bailouts under Obama at more than $780 billion each year. (Background here.)
And – because of the above-described policies – income inequality has increased more under Obama than under Bush.