I think that the purpose of Obama’s program ab initio was to shred the middle class by making it difficult to impossible to start and grow a small business, and to ensure that the wealthiest few get absolute control of the political machinery.

The biggest financial services corporations (Goldman Sachs, Citi, JP Morgan) are making record profits while even large regional banks and almost all small banks and financial service companies are struggling at break even.

I’d bet my left one that Goldman Sachs and GE wrote the Cap n Trade legislation, and my right one that Obama, Pelosi and Reid are on Goldie’s chairman’s speed dial. Cap n Trade is the framework which will determine who will have access to capital in the future and Goldman Sachs is guaranteed a primacy in those decisions.

In the 7th or 8th year of the Obama administration all the assets that were accumulated by government during the “crisis” will be privatized the same way they were in Russia. Probably only then will we know who the real winners were, and even then only if the veil of incestuous corporate relations can be penetrated – if there is anybody left willing and able to take on the task.

Octavian spent 40 years running a masterful continuous public relation campaign that kept the Romans believing they still lived in a republic. Obama has less time but he has more tools.