MATT TAIBBI: Obama’s Big Sellout

ROLLING STONE: In “Obama’s Big Sellout”, Matt Taibbi argues that President Obama has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway. Rather than keeping his progressive campaign advisers on board, Taibbi says Obama gave key economic positions in the White House to the very people who caused the economic crisis in the first place. Taibbi also points to the ties Obama’s appointees have to one main in particular: Bob Rubin, the former Goldman Sachs co-chairman who served as Treasury secretary under Bill Clinton. Click above for Taibbi’s video breakdown of his […]

Wall St. Dancing On The Grave Of The Public Option

MARKET WATCH: “The public option, whether we have it or we don’t have it, is not the entirety of health-care reform,” Obama said on Saturday in Grand Junction, Colo. “This is just one sliver of it.” Bucking a bearish Monday trend in the broader stock market, shares of health-insurance companies including UnitedHealth Group Inc.  (UNH 28.95, +0.47, +1.65%) and Aetna Inc. (AET 29.54, -0.09, -0.31%) rose after the comments by Obama as well as members of his administration over the weekend. Health insurers have fought a public plan. Republicans, long opposed to a public plan, seized on comments made Sunday […]