Comments by "" (@tekannon7803) on "Double Down News" channel.

  1. Dear Mr Monibot, Thank you for your column in the Guardian and your wisdom and expert anlyses of the political scene in your country and in countries around the world. I am writing to defend President Obama. You have nailed it down correctly when you say he bowed to the big banks etc. But what we must not forget is that his predecessor George W. Bush literally gave him an economic maelstrom that a world-wise, politician with a gift for understanding the complex American financial system would have been hard-pressed to figure out. He came into office with a WallStreet meltdown going on that became a Great Recession. By Treasury Secretary Paulson missing the whole point and not bailing out Lehman Brothers and Bear Sterns, an opportunity was lost. Obama would of course not been able to know what levers to press, so he relied on a seriously-inept financial expert who showed no expertise except to sink the Bizmark. Imagine how it was for a talented, intelligent person like Obama. He was caught in a crossfire between the veteran politicians and the banks. He certainly listened to the 'giants' of American finance and of course he would have taken their advice; it was the Titanic going down or else. I think the George W. Bush prank, premeditated or otherwise of dumping a ready-made recession on Obama forever stained Obama's presidency. Anyone would have done the same thing; he must have been scared out of his wits. One must remember that Obama had no experience in management other than his government duties.
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