Matt Taibbi, Rolling Stone's financial reporter, has pointed his guns at Barack Obama in a new investigative piece, titled "Obama's Big Sellout." As you might have gleaned from the headline, the piece is not about a White House yard sale, but the President's collusive dealings with big, bad Wall Street.
Taibbi, a master conspiracy theorist who has yet to figure out he works for a music magazine, accuses the President of running as a progressive and then getting into bed with bankers. Sounds like quite a few women I've dated. He also maintains that the financial reform bill making its way through congress will give the White House control of all future bailouts, taking that power away from congress and making Wall Street more dependent on taxpayers.
Here's a glimpse:
The journalist also believes he has found a few noteworthy links between the White House and de-regulation superhero Bob Rubin that provide evidence for his theory. Obama brought in formerexec Froman (and former Harvard classmate) to head his economic transition team, Taibbi says. Froman then hired Bob Rubin's son, James Rubin, to be his number two, therefore essentially putting the White House under the sway of big bad Bob:
"[Bob] Rubin probably more than any other person was responsible for the financial crisis by deregulating the economy [while] in the White House. And he had a major role in helping destroy one of the world's biggest companies in. He has one of the worst track records you can find, but he was basically the guy who was the architect of the entire Obama policy. Obama put him in charge of everything."
Slow clap for Obama?