When Obama was running for election we were not all fooled. Some of us saw how the Obama presidency would pan out from the beginning. We said he would be a representative of the top US capitalist class. This is proven in his policies at home and abroad. Some people are now saying that he is only working out like this because he is too influenced by his advisers. Well first of all who selected his advisers? He did. So this is no answer. But let us look further. Obama was always a slick capitalist politician.
When he was in the Illinois legislature he supported a health care reform bill that was so weak that it ended only in a study. In Washington he supported a bill on the need for nuclear plant owners to notify leaks that it devolved into a bill offering only guidance to regulators and even that bill ultimately died. Obama has handed over tax payers money to the banks and the swindlers in the capitalist financial institutions. He is one of them.
He has stacked his regime with the capitalist swindlers and criminals from Goldman Sachs. Goldman Sachs is the biggest robber of them all and it has its agents at every level of the Obama regime. Imagine if these positions were filled by representatives of the groups which oppose foreclosures, representatives from the work place shop floor which oppose wage cuts and worsening conditions, representatives from the community and from womens groups and from all the specially oppressed groups in society. I can hear the bosses media now. But these people would not know how to run the economy and the country they would scream. But the whole point is that the people that have been running the country, the Goldman Sachs and Obama mob do not know how to run the country. They have run it into the ground. They only knew how to fill their own pockets. It is like saying that bank robbers because they know how to rob banks know how to run the country. Since the economy crashed and this criminal capitalist gang had to be bailed out by our taxes they are preparing the ground for a new crash. They are proving they do not know how to run the economy and the country.
Since the crash and they had to be bailed out with our money they make the odd squeak about regulating the economy some more to avoid another crash. But this is all talk. You can see this by who they have chosen, who Obama has chosen, to over see any new regulations. If there ever are any. The Security and Exchange Committee has chosen for the chief operating officer for its enforcement committee, wait for it, a former employee of Goldman Sachs. So Paulson a top employee of Glodman Sachs handed out the taxpayers money to this and other criminal financial institutions. Now another Goldman Sachs employee is selected to over see any possible regulation of these criminal financial institutions.
Obama and his Democratic Party are representatives of the capitalist class just as the Republicans. We need to build a working peoples party in this country which is committed to fighting the criminal capitalist gangs and to establishing a democratic socialist society.
Sean.
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Obama has responded to appeals from his corporate friends and has backed off his campaign promise to change how the government taxes profits made by US corporations overseas, a measure that would have raised $200bn.
The corporations launched a massive lobbying effort and it paid off. The White House is,"trying to soothe tensions with multinational companies." says the Wall Street Journal.
Corporate bigwigs from Intel, Google, Honeywell and IBM among others, put the pressure on. The implied threat is that jobs will be moved overseas if the corporations are taxed; they'll also cut off the money faucet of course, and Obama has certainly quenched his thirst from that tap. Many other Democrats have opposed taxing these global corporations.
As this is going on, Obama's Education Secretary, Arne Duncan, scored a victory getting the New Haven Conn teachers Union to agree to contract changes that allow for tougher performance evaluations for teachers and a reduction in job security, things Unions have been resisting. The head of the AFT, Randi Weingarten worked with Arne on that little gem that opens the door to further savaging of teachers working conditions.
Obama is proving his loyalty, as the Wall Street Journal notes, "...an administration that was critical of business at the height of the financial crisis is becoming more accommodating."
It can't be any plainer than that.
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