Main Street moves against Wall Street

Main Street moves against Wall Street

By Donal on Tue, 03/29/2011 - 5:01am |

When the current economic crisis hit, the Obama campaign blew away Bush and McCain by promising hope, change and a solution that would overcome this crisis and prevent future crises. Likewise, some governments in Europe came to power based on public fear reacting to the global meltdown. Ongoing crisis, mass economic pain and deepening public anger keep shifting political winds.

Within six months of Barrack Obama's election, those winds had changed again. His liberal campaign rhetoric had hit a wall. What humbled Obama was the determination of business interests to shift onto others the costs of the crisis and of the government's response, namely its hugely expensive bailout of major corporations especially in finance. We watched and learned who was really in charge of how this economic crisis would be "managed".

URL:

http://www.guardian.co.uk/commentisfree/cifamerica/2011/mar/28/public-finance-economics