Wall Street's Marxist Presidential Pawn
By Cliff Kincaid
January 28, 2009
There was big news out of the U.S. Senate on Monday evening but the major media were not paying much attention. By approving exposed tax cheat Timothy Geithner as President Obama's Treasury Secretary, the Democratic Party was confirming and advertising itself as the party of Wall Street.
One day earlier, during an appearance on the CBS "Face the Nation" program, Vice President Joe Biden said the Wall Street Banks may need more than the $700 billion they have already been voted. He sounded sympathetic to their cause.
Wall Street control of the Democratic Party may come as a surprise or shock to those who have been led to believe over the years by the liberal media that the Republican Party is the party of fat cats, rich people, and special interests. But the vote count for Geithner, the President of the Federal Reserve Bank of New York, speaks for itself. Of the 60 votes in favor, 50 came from Democrats (including independent Senator Joe Lieberman). Only four Democrats (including independent Bernie Sanders) voted against Geithner.
Wall Street wanted Geithner because he had already been deeply involved in the bailouts of the big banks and had powerful political connections to such groups as the National Committee on U.S.-China Relations, the Group of Thirty, and the Council on Foreign Relations. In short, this former employee of Kissinger Associates was a Wall Street favorite.
But how could Obama, a controversial figure with a revolutionary Marxist background, communist connections, and socialist worldview, emerge as the favorite of Wall Street interests? The short answer is that he is the perfect front man.
As noted, the American people have been conditioned to believe that the Republican Party is the party of the rich. The Democrats are supposed to be representatives of the working man. Obama has to have figured that he can serve Wall Street and socialism at the same time.
The ploy has worked before. Meticulous researcher Antony Sutton's 1974 book, Wall Street and the Bolshevik Revolution, documented a link between certain banking interests and the Bolshevik cause. In Obama's case, it is the China connection that is most relevant. Goldman Sachs, his major Wall Street backer, has had an exclusive financial relationship with the Communist government of China which has benefited both China and Goldman Sachs―but not the United States.
Geithner comes out of the same mold as Henry Paulson, Bush's Treasury Secretary. In fact, they worked together on the Wall Street bailout. Geithner is not the "change" the people voted for, but if the major media conceal the true facts, then Obama and his Wall Street backers may be able to get away with it. It is almost as brilliant a deception as the pork-laden pro-government "stimulus" bill that has been labeled the "The American Recovery and Reinvestment Act."
While Senate Democrats were Geithner's main cheerleaders, Republican Senator Orrin Hatch also spoke in favor of the nomination. "I am aware this nominee is not free of controversy," he deadpanned. He also disclosed that his office had "received many calls from Utahns" upset over the nomination.
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