TOO BAD America's bright shiny new President failed his first big test, coming down decisively on the wrong side of nationalizing America's destructive and hideously extractive private banks, or even significant structural concessions from them BEFORE providing them billions in public money.

The right answer? Nationalize the banks now, and use the money to rebuild America. It's alsmost child's play, actually. You say America needs a huge source of capital to rebuild after being gutted by a quarter century of right wing Christian politics, the era Reagonomics, but you can't raise taxes on the lower and middle classes? How do you cut the Gordian Knot?

No problem! Nationalize the banks and the function of the Fed, and take the banks' usurous margins and the bankers' outrageous bonuses and use the money instead to fund the things that the American people need, A FEW of which are outlined in Barrack Obama's domestic plan.

After all, We The People already own the banks (and all the other major corporations as well) by "virtue" of the bailouts, tax breaks, hidden subsidies, etc that they have received from the public, as well as their (under-prosecuted) criminal activity.

But, oops, according to George W. Bush and Barack Obama, what we really need to do is throw trillions of dollars at America's great banking and insurance parasites, just to keep the merchants of the global economic crisis in power over us. Here's a clue, folks. You can tell who's working for whom by what they do...