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Barack Obama nominates Wall Street mogul for Deputy Secretary of State

October 21, 2010

  Barack Obama has made a couple of interesting cabinet nominations in the last couple of days; the first being his choice of Tom Donilon–a former lobbyist for Fannie Mae–as a National Security Advisor, and now with his choice of Thomas Nides as Deputy Secretary of State.

  Perhaps what makes Thomas Nides’s most qualified to work directly underneath Hillary Clinton is probably the fact that he has raised at least $100,000 for Hillary Clinton’s failed presidential bid. He seems to be a well connected political insider and while this would make a great topic for a post on its own that is not what I am going to focus on in this post because there is another angle to this story which I find even more interesting.

  Thomas  Nides is also a Wall Street mogul who has made over $8 million since the beginning of 2009, and who is expecting a bonus this year for Morgan Stanley–a company that the federal government bailed out in the Wall Street reform bill. Now correct me if I am wrong but didn’t the Obama regime complain about the executives of bailed out firms receiving outlandish bonuses while they drove their companies into the ground? Didn’t the Obama regime threaten to tax away these same executives’ bonuses?

  And while we are on the subject, didn’t Barack Obama state that there comes a time when a person makes enough money?

  I thought so. Apparently that threshold must be somewhere above the $8 million that Thomas  Nides has made in just under two years and apparently Barack Obama is willing to overlook the fact that this man is about to accept a bonus from a company that Main Street Americans bailed out simply because this man has raised quite a bit of money for the Democrat party.

  Barack Obama promised to end “politics as usual” if he was elected but we have seen over and over again that nothing has changed during the Obama regime and this is just the latest example. It is simply amazing to me that so many people bought into his rhetoric during the campaign; I wonder how many of these people actually thought that Barack Obama was going to be a different type of politician.

  Those that did buy into the whole notion of hope and change must be disgusted by the “politics as usual” way that the Obama regime has run Washington. He promised to change Washington but once he got there Washington changed him (assuming that this isn’t who he really was in the first place.)

  Democrat voters are not engaged in the upcoming mid-term election and the reason is simple, Barack Obama has let them down on so many occasions that they simply do not care what happens in two weeks. He has been a disappointment to them because they now can see through his rhetoric and they realize that his actions do not match his words.

 I just wish they saw through this straw man before the election.

2 Comments leave one →
  1. rjjrdq's avatar
    October 22, 2010 5:01 am

    Not that there’s anything wrong with going to Wall Street and making a lot of money, but these are the same kind of people that Obama has demonized since he was campaigning for president. Now he’s picked some of the worst of the lot to come work for him. I wonder if his supporters are aware of his hypocrisy?

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    • Steve Dennis's avatar
      October 22, 2010 6:49 am

      That is what gets me about this. I don’t have a problem with a person making as much money as they can but Barack Obama does, and now he is putting these same people in his cabinet? His supporters have to see the hypocrisy here, don’t they?

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