Puppet on a String?

For those who believe they threw the "republican bums out", it should be amazing that the same group that was in control before the great recession of 2008-9 is in control afterward. The "Bush Financial Team" is still in place.

Paulson went back to Goldman but, Geithner moved over from the New York Fed to take his place. Bernanke remains as Chair of the FOMC and all the same players are in leadership positions in the house and senate.

Greenspan held the money reigns tight enough in 1989 and 1990 to produce a highly profitable recession for Goldman and friends. This time, it took new laws, orchestrated by the treasury department, to set up another great long-term profit scenario for Goldman and friends.

Trillions (yes, spelled with a T) of dollars of assets have and are changing hands at deeply discounted prices. Goldman and friends are certainly getting their share.

Does it surprise anyone that Geither's first phone calls after critical meetings are to Lloyd Blankfein, Chairman and CEO of Goldman? Does it surprise anyone that Goldman came through this crisis with profits stuffed in every pocket?

I'm thinking about starting a new blog based on the theme "Limited Government is Necessary". Yes, government is necessary but it is incumbent upon the people to limit government. Anarchy is not the answer but neither is corruption.

The Rahn curve shows that the appropriate size of government is 15 to 25% of GNP. The USA is currently on a path that will take us beyond most Western European economies. If this happens, our growth rate will suffer for years.

Yes, Geithner is a puppet as are many others. The list of those who have done extremely well off the "great recession" is long. Bust and boom cycles are natural, but on the margin the powerful have manipulated our economy. If we need a reminder, all we have to do is note another name frequently mentioned in the article, JPMorgan.

in reference to:

"First he called Lloyd Blankfein, the chairman and CEO at Goldman."
- Look Who Really Controls Tim Geithner (JPM, C, GS) (view on Google Sidewiki)