But I fear that no matter how many books are written on the subject, the tyrannosaurs on Wall Street are positioned to win big again. Very little genuine regulation has come out of Congress and the desire to enforce what laws we have hardly exists at all. And Wall Street can now be confident that if another bailout is needed help will surely arrive on demand.

Obama has shown himself to be a weakling. He backed down on the stimulus, has all but abandoned the public option for health care and by his cabinet appointments he has revealed himself to be a friend of the big banks and investment houses.

If this country should need another stimulus package, Obama won’t be able to get us a dime. With unemployment raging in double digits (that is in real terms not phony government numbers) and underemployment at all time highs, what plan does Obama have for Main Street, if any?

Too early to tell about the stimulus. It seems to be having some impact. But if it fails more will be needed. And therein lays his Achilles heel. He won’t get it. How about extended benefits for workers mired in unemployment? Not a chance.

The Wall Street tyrannosaurs will have their way with him and us once again, but thanks for the effort to explain how it’s done.