The Art of putting Wall $treet Wealth before Public Health

This indeed is the sad truth about today’s America!

An economy that is reeling under huge deficits incurred in order to shore up banks that were going kaput! The sort of institutions that needed to be left to fend for themselves and die down actually go through resurrection mode.

WHY?

Is this not a grim indicator of where the priorities of the powers-that-be lie?

It doesn’t matter if the rights of an average citizen are trounced in the bargain. Who cares for the jobs and homes of the common man, anyways?

In a situation like this, what better way than to whip up a health care frenzy in order to divert attention of the populace from the taxpayers’ billions being expended in bailing out the likes of the Bear Stearns and the AIGs and the General Motors and the Citigroups! Therefore, as the public got busy with town hall meetings and tea parties, Treasury Secretary Timothy GeithnerTimothy Geithner’s hush-hush meetings with top bankers (those that actually got the country into the mess it is in today) were conveniently forgotten.

And the centre-stage was left free for the never-ending circus that goes by the name of health care reforms. Meanwhile, newspapers have been quick to report that the very same financial industry employees that taxpayers bailed out with their painstakingly earned dollars would collectively receive a staggering sum of $140 billion this year.

As for Geithner and gang, it continues to be business as usual. Proof of that can be discerned from a glance at the Treasury Secretary’s court-released phone logs that point at his incessantly frantic calls (for soliciting advice?) with the same financial big cats that actually have caused the banks to go bust.

It’s clear that nothing has changed for Geithner from his days at the New York Fed from where he was hand-picked by Obama for the current role. This New York Times statement of days gone by should put things in perspective: “An examination of Mr. Geithner’s five years as president of the New York Fed, an era of unbridled and ultimately disastrous risk-taking by the financial industry, shows that he forged unusually close relationships with executives of Wall Street’s giant financial institutions. His actions, as a regulator and later a bailout king, often aligned with the industry’s interests and desires, according to interviews with financiers, regulators and analysts and a review of Federal Reserve records.”

And you thought you are a part of an administration that’s set to bring about ‘CHANGE’ that we can believe in?

- myVox