"Take Keith Olbermann for example. He has not been holding back on expressing outrage over the Obama administration's claim that the Patriot Act provides sovereign immunity to the federal government in civil lawsuits brought by victims of illegal wiretapping conducted by the Bush administration. (He even said "good luck" to one plaintiff -- Robert) Another example of a disillusioned Obama supporter is MSNBC's Rachel Maddow, who has been fretting over the President's plan to up the stakes for success in Afghanistan by increasing our troop commitment there and settling in to fight the good fight for as long as it takes.
(Do I feel sorry for you guys? No. Ever hear of "buyer's remorse? -- Robert) "Nothing has broken the spirits of Obama supporters more than his administration's latest bank bailout scheme -- a/k/a the Public-Private Investment Program (PPIP or "pee-pip"). Although Treasury Secretary 'Turbo' Tim Geithner has been the guy selling this plan to Congress and the public, the 'man behind the curtain' who likely hatched this scam is Larry Summers. Summers is the economist whom Obama named director of the National Economic Council. At the time of that appointment, many commentators expressed dismay, since Summers, as Bill Clinton's Treasury Secretary, supported repeal of the 1933 Glass-Steagall Act. It is widely accepted that the repeal of the Glass-Steagall Act helped bring about the subprime mortgage crisis and our current economic meltdown. On the November 25, 2008 broadcast of the program, Democracy Now, author Naomi Klein made the following remark about Obama's appointment of Summers: 'I think this is really troubling.' She was right. It was recently reported by Jeff Zeleny of The New York Times that Summers earned more than $5 million last year from the hedge fund, D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money. Many economists are now voicing opinions that the Geithner-Summers Public-Private Investment Program (PPIP) is 'really troubling', as well. Nobel laureates Paul Krugman and Joseph Stiglitz have been vocal critics of this plan. As James Quinn reported for London's Telegraph: Professor Stiglitz said that the plan is 'very flawed' and 'amounts to robbery of the American people.'"
Robbery is the plan, simple as that.
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