JPMorgan Trading Loss Suggests Little Has Changed Since The Financial Crisis

All that Obama's been doing is trying to save unregulated capitalism and the lock that the 1% has on the other 99%.

With Obama's deal to preserve Bush's tax cuts for the rich (making it Obama's tax cuts for the rich), 99ers were cut off.  Of the 6 million people currently receiving unemployment benefits, Obama's deal covered only 2 million, & many of them will get crumbs from his deal because in spite of the 13-month extension, benefits will be cut off for many of those in the coming months when they reach 99-weeks.  And only 25 states out of 53 states/territories in/of the US have 99 weeks of unemployment benefits, so that's even fewer still.

David Cay Johnston on Democracy Now! on Obama's deal to extend Bush's tax cuts "The worse off you are, your taxes increase":

"The bottom roughly 45 million families in America or households in America—and there are a little over 100 million households—they’re going to actually see their taxes go up.  Republicans got an extraordinarily good deal, that raises, I think, basic questions about the negotiating skills of the President."

The payroll tax 'holiday' in the deal sets SocialSecurity up for its end.  That's what Bush and GroverNorquist planned and why Bush believes he'll be vindicated as a great conservative in history: For ending the GreatSociety programs, by having bankrupted the nation so there's no way to pay out those benefits.  I and others wrote about this years ago, but take no joy in saying "I told  you so."

Extending Bush's tax cuts was an absolutely wretched deal, but standard for Obama, who has  a long record of negotiating lousy deals on ordinary citizens' behalf.  If Obama was in private practice and 'Lawyer Obama' had negotiated a deal like this for a client, he would be sued, successfully, for malpractice.

The purpose of the deal was so that Democratic political operatives could say, "Obama helped the unemployed"; most readers won't know the actual facts of how Obama sold out the American people.  Again.  Obama and Democrats have no jobs plan either.  Both parties are thinning the herd.
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