The day of reckoning will be sooner than later. This "austerity" shit needs to stop.
Obama added, “We’ll never be able to compete with some countries when it comes to paying workers lower wages or letting companies do more polluting. That’s a race to the bottom that we should not want to win.”
In fact, Obama has spent his entire term in office pursuing these very policies. In his speech, talking out of the other side of his mouth, Obama boasted that he has “approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his. And I’m implementing over 500 reforms to fix regulations that were costing folks [i.e., corporations] too much for no reason.”
Obama likewise sought to distance himself from his Republican opponent by claiming to support social programs. “In the decades after World War II, there was a general consensus that the market couldn’t solve all of our problems on its own; that we needed certain investments to give hardworking Americans skills they needed to get a good job ... that we needed consumer protections that made American products safe and American markets sound.”
Look no further than those trade proposals that were leaked the other day. Obama says one thing and then does exactly what the neolibs want.
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