Obama's Big Sellout

The latest issue of Rolling Stone magazine arrived today. It has an official date of December 10, 2009. It contains a very good and in-depth article entitled “Obama’s Big Sellout.”

The article argues that “the president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway.” It says that “the Rubin-centric appointments may well represent the most sweeping influence by a single Wall Street insider in history” and further argues that “while Obama gave Rubin’s acolytes all the important jobs, progressives got banished to semi-meaningless, even comical roles.”

I worked to get Barack Obama elected, both the primary and general elections. Even at worst he certainly is better than any of his opponents, both Republican and Democrat. But my support is beginning to wear thin.

Obama has no balls. He has not ended the wars in Iraq and Afghanistan, and he has not brought the troops home. Guantanamo has not been closed. Even if the so called health care reform eventually gets passed, it is clearly not anything close to universal health care. Nor will it stop the vast chicanery going on inside of the health insurance companies.

Maybe he is completely ignorant of economics. He at least should have all sides of the argument at the table. But he doesn’t. Only the right wing capitalists are there. Wall Street and the super rich should love Obama. But he hasn’t done much for the middle class in America.

All in all I give him a pretty poor report card so far. I guess he gets a few points for style, and he is indeed far superior to Cheney-Bush. But by his behavior and results he is behaving more and more like a Republican in Democrat’s clothing.

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