Political Commentary

Yes, there is NO doubt at all this election was a repudiation of the far right, Friedmanite politics of the past thirty years, but I contend, as do many others, Obama is not the one who is going to effect any kind of real change at all:

A basic premise of the talk about lowering expectations and delaying making good on campaign promises for health care reform, middle class tax cuts and other social measures is the claim that massive increases in the budget deficit preclude such outlays. Of course, the worsening budget crisis is the direct result of the allocation of more than $2 trillion in taxpayer money to bail out the banks, with the auto companies and other industries lining up for similar government handouts.

No Democratic leader has explained why there are unlimited taxpayer funds available for the banks, but no money to address the increasingly desperate economic situation facing the working class, including millions of home foreclosures, soaring utility shut-offs, collapsing retirement accounts and mounting layoffs.

The last thirty years of economic policies would have to be repealed, re-regulation instituted, and "entitlements" like Social Security and Medicare be preserved WITHOUT "modifications" or "reforms" designed to undermine them. Obama has given NO indication he has any stomach, let alone clue, he would actually behave as a true Democrat and not beholden to corporate/economic elite interests.