Who Cares For Obama’s 2nd Inauguration?
Well, Obama does, along with some large number of sheeple.
When Rome was burning Nero was playing flute. While The US is reeling with massive unemployment and huge middle class loss of wealth, President Barack Obama is counting days for his second inauguration and is snapping up top performers for his "Official Inauguration Playlist."
Barack Obama, the man who hoodwinked American progressives into giving him a second term even after an unprecedented service to the richest one percent at the cost of ordinary Americans, has ruled right of George W Bush.
Morris Berman wrote, “President Obama’s upwards of $19 trillion bailout and stimulus plan funneled money into the very banking establishment that gave us the disaster; it rescued the wealthy, not those who really needed the money. And while he could have appointed economic advisers such as Paul Krugman and Joseph Stiglitz (both Nobel laureates), who would have attempted to put the nation on a different economic path, he chose instead two traditional neoliberal ideologues, Timothy Geithner and Lawrence Summers, who believe in the very policies that led to the crash. “Change we can believe in” never sounded more hollow.”
In a scholarly article, Berman writes about the “intelligent frogs” (meaning exception from the sheeple) such as Bateson, Frank, Posner, Hardin, et al. who no one pays attention to. At a time when the revenue is lowest in possibly 60 years, politicians are still arguing whether we have a revenue problem or expenditure problem. And even when talking about cuts in expenditure of military budget is still taboo, notwithstanding that we spend more in defense than the rest of the world put together.
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Berman mentioned, “Between 2006 and 2009, 20% of American workers were laid off; 50 million live in real poverty, and many more in a category called “near poverty (Joseph Stiglitz in Freefall (New York: W.W. Norton, 2010).” But all that has done nothing to change the dialogue. We are still arguing whether the “job creators” require some new tax cuts even after three decades of data that that action only impacts the economy negatively.