Its been a spell since I've really sat down and gave our new President any serious thought. I know that seems rather odd coming as it does from one who's take on Barockstar has been decidedly negative almost from day one, but the truth is he was so transparently not the agent of change he professed to be that I haven't experienced the deflating letdown that some on the left are now suffering as their hero reveals his inner Imperial Centrist. My hopes just weren't high enough to be let down in the first place. Having said this I must admit that, like most Americans, the swiftness and severity of the economic collapse has taken me by surprise but Obama's reaction to it has been a true revelation.
Let's bury any illusions that he has merely inherited this mess from the Bush administration since he was instrumental in twisting congressional arms last October in order to pass the 700 billion dollar TARP blank check for the reckless speculators now looting the Treasury with the help of his key appointments from the financial sector like Treasury Secretary Tim Geithner and Bush appointee to the Federal Reserve Ben Barneke. No, Obama owns this now and his policies thus far have demonstrated unequivocally that Wall Street represents his primary constituency. 13 trillion in taxpayer obligations thus far have been committed to the very insolvent institutions who's greed and recklessness cratered the world economy yet still there are those who remain entranced by what Chris Hedges calls the Obama Brand.
When you add to this Team Obama's escalation of the Af-Pak War and commitment to indefinitely occupy Iraq one wonders what more will it take to break the "change" spell that's got so many "progressives" swooning this late in the game.
Major Tunisian union threatens protests if privatisations go ahead - Tunisia's powerful UGTT labor union will stage protests if the government goes ahead and privatises ailing state firms, the UGTT leader said on Saturday, i...
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