The anniversary of hope. What was and will never be.

It should be becoming apparent to even the stanchest believers that the office of the President no longer wields the sort of power that it may have at one time in America.
The system is far too convoluted and fractionalized with those powers being distributed between industry, banking interests and the flow of capital from these entities and into the halls of our representation in Washington to the point where America itself has become a corporation, silently controlled by the will of huge financial investors equivelant to stock holders and proxied interests.
Our Presidents, (and specifically this President) have been reduced to just one more voice in the crowd (albeit a louder one) with no more control over the processes than steering the predesignated course of this country's real but unseen navigators and occasionaly standing on the bow of this ship alerting us when either shoals or rocks or land is visible from his vantage point.
The presidency (and again this President in particualr) is not lacking, faulty or broken. The system is.
The hull of this ship called America has been breached for 100 years and it is all we as it's crew or any given president can do but to bail and pump so that we don't swamp completely. And the water rises with each decision, each bill and each term served by elected officials.

Until we as a nation recognize and accept this for the reality that it is, we can never hope to make the necessary repairations to stay afloat and perhaps once again set sail on our properly intended course because we have handed the helm over to privateers and mutineers who have as much to gain or more through our sinking as they do with our returning to a safe passage.

TARP Watchdog's Report: Treasury Misled Public On Bailouts

Uh...we have no "treasury" in the common understanding of the word.
Since 1913 when we embraced the Federal Reserve, our "treasury" has been reduced to an accounting firm that merely tracks the money that we ask the "Fed" to print up for us and the skyrocketing interest vs principle that we ( after 100 years) will never escape from under.
While the term "treasury" provides some illusion to our independant solvency as a nation and a people, it is hardly representative of vaults filled with precious metals and such that provides genuine solid worth to our country's dubious fortunes or the value of our currency.
We're in debt because we bought into more a than questionable financial arrangement with national (and now international) banking systems rather than maintain a "pay as you go with currency spent, for the equal value of currency held, and now the piper must be paid; in much the same fashion as paying off a mortgage on a house or in these times, facing foreclosure.
The banks aren't failing. The banks are the Federal Reserve, collectively.
It's the Federal Reserve that is failing because it's purpose has run it's course. It and we as a nation are over extended beyond any hope of making good on even the interest on our loans, leaving both the lender and the borrower unable to secure either payment or capital on debt(s) outstanding. We are living in an economic structure best portrayed as an open ended spiral moving downward.
But be sure. We unfortunately do not have a "treasury" per se. And that's the real problem.
Read the Article at HuffingtonPost