January 8, 2011
Last fall President Obama started saying and doing things that had his base raising eyebrows. He had certainly proven his unwillingness to fight for what he claimed he believed in during the health care reform and financial reform process. By mid December his intentions was pretty clear; he was well on his way to selling out.
By mid November of last year, long before the GOP had even fired a shot, President Obama sent the Republicans a signal that he was willing to cave on extending the Bush tax cuts to the wealthiest Americans. That surprised and irritated Obama’s base, as well as many independents and a few others that voted for him in 2008. But that was just the beginning of Obama’s sell-out.
Before and after the Bush tax cuts were agreed upon, Obama did several things that pleased Wall Street, corporate America and the GOP. Here are a few.
Jacob Lew is appointed Director of the Office of Management and Budget, and assumes office on November 18, 2010. He is a former Citigroup Executive who doesn’t believe deregulation had anything to do with the financial crisis (Of course not. He’s the one that talked Bill Clinton into signing the deregulation law).
Sucking Up to the Bankers, II – September 28, 2010 – Unwilling to confront Wall Street.
President Obama plans truce with Chamber of Commerce – November 20, 2011. No single organization spent more money trying to defeat Obama and the Democrats in 2010, yet, as he was with Wall Street bankers, he’s now their friend.
Obama administration retreats from environmental regulations – December 10, 2010. This was the beginning of the end for the EPA. The current GOP-controlled House of Representatives has already made it clear they intend to all but disband the EPA, and they’ve only controlled the House for three days.
Obama Administration Pushed Hard to Protect Bush Torture Lawyers – January 1, 2011.
Daley’s Appointment Signals Shift to Middle [Right] – On January 6, 2011, Obama names William Daley as his new Chief of Staff. This decision couldn’t have made it any clearer that Obama is now in the clutches of corporate America, especially the bankers.
Who is Bill Daley?
The Obama administration is tied in with Wall Street. There’s not much doubt about that. And to prove just how unafraid he is, Obama has agreed to a sit-down interview with Fox Faux’s Bill O’Reilly.
Many are “worried” that Obama is going to betray them (us) on the Social Security issue. We’d better worry. The closet Republican currently occupying the Oval Office will give that away too, right along with Medicare and Medicaid, and anything else the Republicans ask for.
So why is this Republican-disguised-as-a-Democrat doing this? It’s as plain as the nose on your face: just like his predecessor, Obama intends to do what he thinks is necessary to win a second term. He knows he stands little chance of reelection given the Supreme Court ruling on corporate contributions. What’s so ironic is that he may actually believe he will get financial support from corporate America if he continues to give them what they want. Of course, he’s the only one that believes that. At any rate, he figures that’s his best chance. What a fool he is. They’re just playing him for what they can get now, and then they’ll put all their money and power behind the GOP in 2012.
Never underestimate the difficulty of changing false beliefs [with] facts.
Economist Henry Rosovsky