Matt Taibbi offers us more insightful analysis.
http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/
In this excerpt, Taibbi describes what happened to Obama's advisors immediately after his election:
"What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside..."
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