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Obama’s Big Problem is ‘The Big Picture’

Posted by Larry Doyle on April 25, 2011 8:55 AM |

Things could be so much worse.


Try telling that to an individual ravaged by an investment scam, sold out by financial regulators, abused by her bank, and left paying substantially more at the gas pump and checkout line.

If these travesties were not bad enough, how do you think this individual may feel about the lack of real justice meted out against those individuals and organizations which perpetrated obvious scams and abuses? How do you think this individual may vote in upcoming elections?

In my opinion, the reality of the situation laid out by such an individual will be the greatest problem facing President Obama, the Democratic Party, and every incumbent from both parties in the 2012 election cycle. (As a point of reference, I am a registered Independent and not looking to score political points for or against any individual or party.)

Instead of relying on major media outlets to define how middle America may feel, please allow me to highlight a recent comment left here by an individual which touches upon so many individual issues prior to her bringing focus to what she defines as ‘The Big Picture.’

April 22, 2011 at 9:32 PM
Hi Larry,

I was just reading the comments in regards to the ARS (auction-rate securities) investment fraud and understanding how much pain these people are going through,my heart is going out to all of them and I am glad that they are fighting back. What I don’t understand, however, is the lack of protection, discipline and control from our government and agencies put in place to regulate the financial industries.

It seems like we are living in a world of total mafia ruled organizations, where if you can come up with a smart enough scam you can get away with it. The fact that the very same organizations that we trust with our finances and lively hood are the very same criminals that rob us is unfathomable, but it is our reality today in this great country of ours.

My main concern and I am sure many others like me who feel that way, is not just the fraud by banks, wall Street, or the many Madoffs out there with their ponzi schemes, is that there’s no one out there wants to prosecute theses criminals. Unless the crimes become public on a major scale that the government officials tries to look into the crime and may be if there’s enough outcry from the public that any crime gets to be addressed.

Our system is so much into wasting time and efforts and tax payers money in fighting small criminals and robbers on the streets than getting to the big crimes because those big criminals have bought our government officials with their dirty money, no I mean our good money that they made dirty once their hands got on it.

Is this some kind of a setup, or has it always been that way? How can all of this kind of scamming and scheming just become so rampant in our society during the last few years? And where on earth is all that money that has been stolen from all of us in all the different scams that were created, who has gotten it when supposedly our country is broke and banks are not making it!

I say that there’s more going on than we know, if the banks planned the greatest financial heist of the Mortgage and Securities elaborate fraud and that they are backed by the Feds, and are allowed by the justice system to get away with it in our court rooms it makes me wonder about THE BIG PICTURE!

What’s THE BIG PICTURE, Larry, and what are we heading for in the near future? Did you ever see that kind of human destruction on this kind of a scale all around the world all at once? But then again what do I know, I am just one person, who was taken advantage of by a small time Madoff who rendered me broke, while the stock market demolished the rest of my assets then the banks got money to help me out but refused and tried to take away my home instead.

Chilling. Nora touches upon so many issues. I thank her for writing and sharing her feelings.

While President Obama and representatives from both parties may tout the Dodd-Frank Financial Reform package as the answer to Nora’s concerns about robust financial regulation, the American public is not buying that. Nor am I.

I have a keen sense that Nora’s feelings are representative of a very real majority of American citizens. I do not envision our economy improving substantially over the next year to lessen the sting felt by Nora and so many others. In fact, I responded to Nora in the following fashion,

What are we heading for in the near future? An economy that continues to underperform because a lot of the underlying debts and costs have not been addressed and reconciled. There will be many years and many dollars spent paying off these debts and costs. Those years and dollars are effectively being stolen from our children’s future.


If the future of America and The American Dream is now being touted as “it could be so much worse” then our nation has failed our children and our childrens’ children.

I recommend that those in Washington reserve their Ryder Trucks and U-Hauls early.

Thoughts, comments, constructive criticisms encouraged and appreciated.

Larry Doyle

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  • Ted

    I nominate Nora in 2012.

    She is ‘everywoman’!!

  • James

    Who in the country does not have a semblance of the feelings that Nora evokes. Good for her taking the time to express them. I agree that she has a LOT of company. Might the SILENT majority come out in droves even before the primaries. When does the rage express itself in the form of some sort of civil unrest? Do not think that that can not happen. It can.

  • Tea Party

    Rest assured, we will be running hard on all these points. I am guessing Nora is a ‘tea drinker’.

  • disenchanted

    This is an old story already. When Obama took the lead, where was the change he promised? He took one inempt leader and made her the head of another inempt agency. The law of the land is the same in most of his appointments. There is no new blood worth talking about. How is the country going to get well under the same leadership that made us sick? The government is such an “old boy’s club” that there is very little ability to make change unless you have nothing to loose by trying. It’s not what you know but who you know that gets you to the top. That is why people like Madoff and Stanford got away with “murder”. Governments motto is “turn the other check unless you are forced to look”. By going after the small crimes and making them seem like they are news worthy, politicians are able to do favors and let the billion dollar frauds happen. I believe that we have allowed our politicians to be in office too long, even if they change arenas. There should be a limit on public service, period, then you wouldn’t have the incest that we have now.

  • Nora

    I am so touched by the fact that others take the time to comment on my expressed thoughts and feelings, thank you all for being compassionate and caring not to mention supportive. It shows that in general we are all together in our thoughts and feelings in regards to what’s happening all around us. Larry, you were right when you said this’s isn’t new, this type of economic fraud and mishandling of people’s assets and investments, it’s been going on for much longer. It’s however, new for us, the average person who had no clue as to what was going on behind the scenes on Wall Street. Now that some of the truth is out and exposed, our eyes are opened and as we search for more truth we’ve become more wise and outspoken, yet disenchanted and angry as we enter a new phase in the history of human kind; the age of enlightenment. And James you are right as well about the fact that the majority of people are not speaking up, they are silent. I understand why some people are silent, I was silent before I was not aware, my son had to point out to me that I too was a victim of fraud on so many levels. I speak now because I know that I must, not just for me, but for all of those who are silent for no one knows why they are silent. Perhaps they have no means to speak out, or perhaps they don’t have the strength, or just perhaps they don’t think it will do any good because no one cares. people have been stripped of so much of their rights and freedom, and rendered helpless. But what they don’t realize is that they have power, power in numbers and power in making changes, and most importantly power in the voice. All we need is some encouragement and support and an avenue like this one, and someone like Larry Doyle who opened up a window into the truth, and we peaked in and we speak! It took me a while to say something, because I have always wanted to keep my life private, I did not want even my friends to know what was happening in my life especially economically. I felt ashamed and I wanted to be left alone to sort things out. I shut myself off any social life, all my wealthy friends who may have known something about my losses stayed away and I am glad in a way. I took steps to make changes in my life, I decided to not let the economic crisis bring me down. I can turn things around and never walk away from what I believe in, and I chooses to fight back. The best thing about difficult times is it turns you around, and something happens inside, a sense of pride in who you are and what you are made of. They may have taken our money, and they may try and steal our homes and they can clean us out, but they cannot take away our hearts our dignity our pride and our voices. And I hope more people start talking, and expressing their feelings and their anger, and people like us, you and me who have expressed our thoughts and concern will lead the way in helping those who are in need of support and encouragement, God bless everyone and not forget me. 🙂

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