Where is the change Obama promised and why is the left oblivious to his campaign that got him elected?
In the Seattle Times February 9, David Sirota’s syndicated column exposes the lack of change in the new administration:
“America was told that finally after years of yes-men running the government, we were getting a president who would follow Abraham Lincoln’s load, fill his administration with varying viewpoints, and glean empirically sound policy from the clash of ideas.
“Little did we know that the ‘team of rivals’ was what George Orwell calls ‘Newspeak’: an empty slogan.
“Obama’s national security team, for instance, includes not a single Iraq War opponent. The president has not only retained George W. Bush’s defense secretary, Robert Gates, but also 150 other Bush Pentagon appointees. The only `rivalry’ is between those who back increasing the already bloated defense budget by an absurd amount, and those who aim to boost it by a ludicrous amount.
“Of course, that lock-step uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.
“At the top is Lawrence Summers, the director of Obama’s national economic council. As Bill Clinton’s treasury secretary in the late 1990′s Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary) and Clinton’s aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator.”
Some people call this economic package Obama boasts about as merely a way to force the taxpaying public to guarantee the financial industry’s bad loans.
No, this is definitely not the change that Obama’s campaign boasted about, is it? No, indeed, it’s the same people doing the same things, and the U.S. taxpayer footing the bill for failure.
The February 10 front page of the New York Times revealed this headline:
GEITHNER SAID TO HAVE PREVAILED ON THE BAILOUT
Stephen Labaton and Edmund L. Andrews in their article datelined from Washington, D.C. explained:
“The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited debate that pitted the Treasury Secretary
Timothy F. Geithner against some of the president’s top political hands.
“In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and congressional officials.”
What are some of the changes that Geithner wanted included? It will cost billions more!
As Labaton and Andrews revealed:
“It calls for the creation of a joint treasury and federal reserve program at an initial cost of $250 billion to $500 billion to encourage investors to acquire soured mortgage-related assets from banks.
“It wants the Fed to use its balance sheet to provide the financing, and the Federal Deposit Insurance Corporation might provide guarantees to investors who participate in the program.
“A second component of the plan would broadly expand to $500 billion to $1 trillion, an existing $200 billion program run by the Federal Reserve to try to unfreeze the market for commercial, student, auto and credit cards.”
The big question to making these grandiose plans work is where is all this bailout cash coming from?
China, we hear, is experiencing its own recession. We already owe China more than $1 trillion. China is cutting back in loans to the U.S. as it explains it needs money for China more than ever.
To put people in top positions who sent our jobs away and reward bank chiefs who took huge bonuses and put the same colossal bank president failures back in power does seem unforgivable.
America must remain strong so future generations will have the strength to pay off this gigantic national debt.
President Obama, what on earth happened to all your glowing promises for change?
Teleprompter Messiah posted: 05 Apr at 5:07 pm
Theres been a lot of change from Obama. Change towards socialism.
brown9500v4 posted: 05 Apr at 5:52 pm
Don’t be so naive.
. posted: 05 Apr at 6:42 pm
How soon did Obama say those changes would be done?
ralphie the coolest posted: 05 Apr at 7:17 pm
he sucks
beta-psi posted: 05 Apr at 7:23 pm
What was Lincoln’s load? Otherwise, nice deflection. Too bad you took so long to say nothing.
Moving to Canada posted: 05 Apr at 7:41 pm
I swear to you these nuts do not care. I promise you if you told them and showed them the failure that is happening they just would not care. They believe what was said and they do not care if it is or is not actually happening. They made history and that is all they trully cared about. It does not matter if its going to be great for America. They just wanted the history.
Oh good lord Michael I would love to hear what you think the left is.
Joe in texas posted: 05 Apr at 8:22 pm
Like the 95% of Americans that make less than $250 thousand I’m still waiting for the lower taxes I was promised.
And don’t tell me about the $13 dollars a week extra in my paycheck; Obama lowered the income tax witholding tables not the tax tables so all that “extra” money I will have to pay back in April.
bwlobo posted: 05 Apr at 8:51 pm
Those who pushed through this year’s $787 billion fiscal “stimulus” seem to be counting on the American people’s short memory. Wasn’t it just last year that we were told, repeatedly and with stark emphasis, that this economy was the “worst” since the Great Depression…
Marcia B posted: 05 Apr at 9:07 pm
Plenty of change…the Right just hate losing.
Michael P in NJ posted: 05 Apr at 10:01 pm
You’re oblivious to what is, and is not, “the left.” Which is a big reason why you right-wingers have been left behind.
grob posted: 05 Apr at 10:47 pm
Kinda seems like the McCain/Palin campaign was oblivious to his campaign, given that they lost.
chefroderick posted: 05 Apr at 11:41 pm
Well the change is obvious:
LIST OF CHANGES SINCE INAUGURATION:
1. Unemployment from 7% to 9.5%
2. The Rate our National Debt increases has more than tripled.
3. We now receive more threats than ever from other countries because of what Obama says.
4. The President is now a celebrity not Chief Executive.
5. His hair is quickly CHANGING to grey.
Don’t you see the changes????
Matt posted: 06 Apr at 12:31 am
Repeat after me Brain washed morons
Taylor_Taylor posted: 06 Apr at 12:49 am
Why is everyone looking for overnight changes from President Obama? He has been in office for 5 months and prople expect him to turn around years of neglect and hands off government overnight. I am not a blind follower of this president. But I know it takes time to see the changes he has laid the ground work for in this country. No one seemed to mind when the previous admin was spending as much as 10 billion dollars a month to fight a war that was not our own for the past 5 years. And I also wish Americans would take some respnsibility for the bad decisions they made for themselves and their families. No one was saving money for the future and everyone was spendingl like te money tree would never run out. Well it ran out. Now we have to deal with the results. I think the Bernie Madoff case is a prime example of just how we has a people have lived over the past 15 years. GIve my money to someone else to manage and everything will be alright.
Instead once again we look for the quick fix to problems we created. I will ge glad to listen to what you say if we are still in the same place or worse off at the end of 2010. I saw this same kind of complaining when the dot-com bubble popped. I am blessed to still have a job today but I know anything can happen. So What did I do? I did’nt go out and buy the $250,000.00 house and the top of the line Lexus. I bought the $108,00.00 house and the Nissen Sentra. I saved my money and lived within my means.
Amd if you don’t like what President Obama is doing, you can always vote him out in 4 years. I am going to give him a chance befoore ( at least more than 5 months) before I throw in the towel.