Just in case there was ANY question left about which party understands economics

Because Obama has made it very clear he intends to bankrupt them with marxism and they know it...



Because he had already tipped his hand enough regarding his radical marxist positition, and he was worried about his re-election. If you doubt that for even a second, consider his now infamous moment when he was caught on mic whispering to Dmitry Medvedev that he needed "space" from he and Vladimir Putin until after his last election, when he could then cave to their demands and reveal to the American people his true agenda:

[ame=http://www.youtube.com/watch?v=XsFR8DbSRQE&sns=em]Obama open mic slip: 'After my election I have more flexibility' - YouTube[/ame]

and why hasn't his administration prosecuted any Wall Street bankers for accounting and control fraud?

Two reasons - first, same as before. Because he still has another election and couldn't afford to be throwing American workers in prison. Those people all have family, friends, co-workers, and connections with significant influence. Not the people you want dead-set on getting you out of office at all costs.

Furthermore, he doesn't need to... why "prosecute" them when he can simply bankrupt them? He's better off having them out in the work force producing wealth, and then confiscating that wealth and redistributing it than he is having them in prison and costing his government even more money than he's already spending. Obama's not stupid - he knows how this ends. With all of us living "equally" in poverty like Cuba. But the longer he can keep Wall Street generating wealth while he confiscates it, the longer it appears to his followers that his marxism really does work.
Since most Americans favored a public option in some form, it seems unlikely Obama would have jeopardized his reelection prospects by offering one:

"On the issue that has been perhaps the most pronounced flash point in the national debate, 57 percent of all Americans now favor a public insurance option, while 40 percent oppose it. Support has risen since mid-August, when a bare majority, 52 percent, said they favored it. (In a June Post-ABC poll, support was 62 percent.)

"If a public plan were run by the states and available only to those who lack affordable private options, support for it jumps to 76 percent. Under those circumstances, even a majority of Republicans, 56 percent, would be in favor of it, about double their level of support without such a limitation."

Most support public option for health insurance, poll finds

Likewise, prosecuting, convicting, and jailing hundreds of white collar criminals would have resulted in millions of Americans who currently see little choice between Goldman Sachs Republicans and JP Morgan Democrats becoming involved in the electoral process.
 

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