Wall Street, main obstacle to US Recovery

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. ~ And their media henchmen.
Milton Friedman

An analyst says the US economy moves closer to collapse as Obama's sequesters the US budget rather than targeting Wall Street.

In the background of this with only hours left before harsh spending cuts kick in to the US economy on March 1, both Democrats and Republicans were still haggling as they failed to agree on several aspects of the proposed 85 billion dollars in cuts known as 'sequester'. Democrats have been pushing for a tax on the wealthiest while Republicans were balking at this trying to influence direction of cuts towards government services. Both parties disagree about the potential severity of damage on public services.

Press TV has interviewed Edward Spannaus, Editor of the Executive Intelligence Review, Washington about this issue