With Obama In White House, Who Needs Republicans?
Just the other day I had predicted Obama's total capitulation in front of the emboldened Republicans; regardless, it would give me much greater happiness if I could say, “Sorry folks, I was wrong, I misread Obama.”
When I first watched this movie I thought it was a mere propaganda tool created by the hard hitting self-serving right. My eyes were still awe-struck and the raw charisma of the new leader quite electrifyied my mind, with the alluring hope of “change” in the air.
Having contributed to Obama’s Presidential campaign, making calls to people in faraway states attempting to convince them why they should vote for him, and using every opportunity to advance similar ideas to others in all private communications, it was extremely difficult for me to even give any serious consideration to the ideas proffered by the movie.
Then each time Obama screwed us, by empowering health insurance companies in the name of Health Care Reform, enriching his Wall Street buddies in the name of Finance Reform, protecting BP against the interest of “small people” devastated by the Gulf Oil Spill, my faith in Obama was shaken bit by bit.
Finally, the straw that broke the camel’s back was this grand deception that Obama is now staging in the name of helping the unemployed and creating jobs. Obama is now selling snake oil as a prescription for the malady that ails the nation. Thirty years of failed Reaganomics has proven well beyond doubt that trickle down economy does not work; yet, Obama's faith in it is so profound that he is extending tax cuts at the time they need to be raised.
I want to tell the President, I am a middle class American, and I do not mind paying higher taxes — let the Bush tax cut expire for me.
Michael Hudson, a former Wall Street economist and a distinguished Professor at the University of Missouri, Kansas City, wrote, “I almost feel naïve for being so angry at President Obama’s betrayal of his campaign promises regarding taxes. I had never harbored much hope that he actually intended to enact the reforms that his supporters expected – not after he appointed the most right-wing of the Clintonomics gang, Larry Summers, then Tim Geithner, Ben Bernake and other Bush neoliberals.”Continued on the next page