I have posted on a few times that we are headed for a generation of economic pain if our policymakers don't "COWBOY UP". What we have seen from Obama is the same we saw from George W. Bush. In fact Obama is more Bush than Bush himself.
Obama has taken almost every lousy Bush Era policy and made it his own lousy policy.
He has continued in the same destructive policy to eliminate the middle class that W started 11 years ago. His appointments of Geithner, Bernanke, Summers, & Sperling are an indication that this President is completely clueless when it comes to understanding the needs and concerns of ordinary Americans. This type of behavior is emblematic of the Conservative Right in this country but now that Obama has made it his own policy it really reeks. In short if there ever was a time and reason for a 3rd party candidate to take this country in a different direction its now. The Democrats should really think of nominating someone else in the upcoming election. I pretty much will support the next candidate who will have an adulterous and incestuous relationships with the American Public.
The biggest backer of the Tea Party is living right there in the White House. Funny thing is that both Obama and the Tea Party dolts have not figured this out yet. What we have seen is bad policy after bad policy. Its just the degree of absurdity that is different each time Obama opens his mouth.
Lets just review:
1-Appointments of Wall Street/Corporate insiders to major cabinet positions in the administration.
2-Continuing the bank bailouts. TBTF is an official policy of this administration.
4-Creating TBTF Bailout Mechanism. Again. Official Overt Policy recommendations.
5-HAMP. Not only bailouts for the elites but bailouts for squatters and deadbeats.
6-Obamacare. Its not socialism but another Big Business throw away. Lets just make Medicare/Medicaid more bloated, less efficient, and more prone for fraud, and its unconstitutional.
7-Where are convictions for the malfeasance on Wall Street?
8-Why are the Ratings Agencies still in business?
9-Dodd Frank is a joke. No rules for leverage/capital requirements.
10- Continuing to fight the two Bush era Wars.
11-Reloading unemployment benefits
12-Why is GITMO still open for business?
13- What about extraordinary rendition?
14-Whistle blowers are prosecuted but not Wall Street thief's?
15-Stimulus was a giveaway to the rich and big business. Did little to fix infrastructure problems and put people back to work.
16- No backbone when dealing with Congress over Taxes.
17-Keeping and honing the Kleptocratic machine that has become big business in this country.
18-No real idea of what is wrong with employment picture.
19-Zero Interest Rate Policy is a reverse Robin Hood mechanism.
20-No respect for the rule of law in dealing with mortgage fraudclosure.
The list can go on and on and on.
The only thing Obama has done right so far are the auto bailouts. This is what should have been done to the banks and firms on Wall Street. Liquidate! Liquidate! Liquidate! I guess GM and Chrysler didn't have checks in the mail to K Street.
We have not even come to the deficit and debt ceiling. In the midst of an economic downturn and balance sheet recession, the government has to pick up the slack for the lack of demand in the private sector. Austerity is not going to work. There is no Free Market because the private sector is dead. Dead as a door nail. Big Business especially Wall Street has parasitically eaten away at what ever wood is left in this country and Obama has stood there and let it happen.
We need the government to assist the private sector in profitable and enlightened rent seeking. Not to screw us up again. That is what they are doing when they cut spending and put us on a path to deficit reduction via austerity.
Its not about big government vs small government. Its about efficient government. Its about a government that assists the private sector. That leaves a policy that benefits the private sector. The private sector today is as damaged as it ever was during the credit meltdown. We have spend tens of trillions of dollars covering up for the criminals on Wall Street. Spend foolishly tens of trillions more in propping up a rotten to the core banking sector. Trillion more in fighting two absurd wars. This country is being eaten alive by the Kletocratic Corporatocracy.
Barack Obama is at this point the most deeply disappointing President we have ever had. He has systematically destroyed all of the confidence (what little that was left) that this country ever had in politicians.
We all understand that he was given a bag of lemons. We understand that lemonade may or may not have been on the menu. We as Americans were not expecting miracles. What we didn't expect was taking a bag of lemons and putting them on a flatbed truck filled with a million more lemons. That is what Obama has accomplished in his first term. He has institutionalized Corporate Kleptocracy.
I have always said that Democrats are inept and incompetent but compared to the lunatics on the GOP, they look presentable.
Unfortunately, Obama is looking presentable to the nation in 2012.
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