The Economy Will Not Recover Until Fraud Is Prosecuted

Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. See this and this.

But the government has more or less made it official policy not to prosecute fraud, and instead to do everything necessary to cover up for Wall Street.

Leading Democratic Strategist: Obama Will Lose Unless He Prosecutes Fraud and Fires His Horrible Advisers

Tuesday, leading Democratic strategist James Carville – who served as Bill Clinton’s lead strategistsaid that Obama will lose the election unless he fires his horrible and cabinet members and prosecutes fraud:

Carville’s advice: “Fire. Indict. Fight.”

Obama must fire someone – “No – fire a lot of people” — because the current team is just not working, Carville wrote.

“This may be news to you but this is not going well,” he wrote. “For precedent, see Russian Army 64th division at Stalingrad. There were enough deaths at Stalingrad to make the entire tea party collectively orgasm.”

Following the precedent of Bill Clinton, who fired many people in 1994, Ronald Reagan, who fired most of his campaign staff in 1980, and George W. Bush, who showed Defense Secretary Donald Rumsfeld the door, would give Americans a sense that Obama is actually trying to do something to fix the economy, Carville added.

“It’s not going to work with the same team, the same strategy, and the same excuses,” he wrote.

His next piece of advice is to indict people and hold them responsible for the country’s current economic state. If Attorney General Eric Holder can’t offer good explanations as to the state of these investigations, “fire him too.”

“Demand answers to why no one has been indicted,” he wrote. “Mr. President, people are livid. Tell people that you, too, are angry and sickened by the irresponsible actions on Wall Street that caused so much suffering. Do not accept excuses. Demand action now.”

Category: Legal, Politics, Think Tank

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15 Responses to “Carville: Obama Will Lose Unless He Prosecutes Wall Street Fraud”

  1. Frilton Miedman says:

    I don’t know if Carville’s right, but it would sure as hell be awesome if Obama paid heed anyway.

  2. vader says:

    At Stalingrad, the Soviets shot soldiers for every infraction possible and some imagined.

  3. bhakta says:

    I send a letter to The White House at least three times a week and say exactly this. If he wants to win re-election, he’d better put some BIG BANKSTERS in prison for a very very long time. Nothing will make the American people happier at this stage than to see the leaders of the American financial system in prison where they belong. I do not know even one person, NOT ONE, who is not so angry at our government for letting the bankers rob and bleed us to death.

  4. ilsm says:

    The Red Army at Stalingrad had more soldiers than weapons……………..

  5. number2son says:

    Carville is right. Obama, however, is a failure and will do nothing. And he will lose to Romney next November. The future could not be plainer to see.

  6. number2son says:

    Love this quote from Carville:

    As I watch the Republican debates, I realize that we are on the brink of a crazy person running our nation. I sit in front of the television and shudder at the thought of one of these creationism-loving, global-warming-denying, immigration-bashing, Social-Security-cutting, clean-air-hating, mortality-fascinated, Wall-Street-protecting Republicans running my country.

    Oh, and while Carville wouldn’t mention any names, but the place to start is Tim Geithner and Eric Holder. The most useless and ineffectual people in his administration. Replace them with someone like Joseph Stiglitz or William Black and Eliot Spitzer. Yeah, I know it won’t happen. But it would be a dramatic act and it would result in the change we were all promised in 2008.

  7. wally says:

    I didn’t know that anybody on the Democratic side still knew how to fight.

  8. Moss says:

    The problem is that ALL the politicians and subsequently all the voters are held captive to the desires of the lobbyists, PAC’s and other covert political money. Obama would have to sacrifice some of the contributions.

    Carville understands that the only thing Obama can control is his appointed staff and that the only thing the Republicans want is to make him a one term President.

  9. forwhomthebelltolls says:

    I honestly believe that both sides of the aisle are so deeply involved with WS that there is an unspoken, gentlemen’s agreement that neither side will open that can of worms.

  10. klhoughton says:

    I think I said publicly several weeks ago that 2006 was a big and it was in part because GWB didn’t fire Rumsfeld until after the election.

    It’s nice to see Carville catching up with the blogsphere. Too little, too late. (Compare his statements now with his statements in 2009-2010.)

  11. theexpertisin says:

    Republicans really don’t have to work hard to make Obama a one term President. He’s doing a great job securing that objective all by himself.

  12. 873450 says:

    I really liked it a lot when Obama said “Wall Street Fat Cat” and look forward to him saying it again.

  13. polizeros says:

    Maybe the whole point was that he will be a one term president. He’s done about whatever the banks want.

    Read “Bought and Paid For. The Unholy Alliance between Barack Obama and Wall Street’ by Charles Gasparino for more on this. A friend couldn’t finish the book. He found it too disheartening.

  14. [...] Amen. Further, Obama should lose if he continues to give the banksters whatever they want to the [...]

  15. Dennis954 says:

    Maybe Obama will prosecute the fraud once Wall Street has made all their campaign contributions for the 2012 election.