Is America Being Looted?

A good read.

"America is Being Looted"

By Chris Martenson

My cynicism stems from the fact that, as I string together the dots comprising this entire bailout fiasco, I can come to only one conclusion: Our “public policy” is not being conducted in the interests of the people, by the people, and for the people.

Public policy appears to be in the grip of a very powerful and self-interested cabal that seemingly has no concern for the future or the health of this country and does not even see the need to be cautious enough to mask its efforts.

The fact that the bailout trajectory did not waver in the slightest while passing from the Bush to the Obama administration indicates that the bailout is not a function of who’s in political power, it is a function of something else, of some other power.

I fear that Simon Johnson has nailed it: “[The] recovery will fail unless we break the financial oligarchy that is blocking essential reform.”

http://www.chrismartenson.com/blog/america-being-looted/16444