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In reply to the discussion: President Obama has done more to help the poor and middle class than any President since LBJ [View all]JDPriestly
(57,936 posts)I think that what the diehard Obama supporters do not understand is that many of us have made excuses for Obama all along.
We said he was in a tough mess made by Bush. We said it is the Republicans' fault. We said he is doing what he can. We said that, as the OP asserts, he has actually done so much for the poor and middle class.
But now, he proposes chained CPI. First, the proposal seems somewhat dishonest because all along he has claimed that it is the Republicans who threaten Social Security and other programs that help the middle class and the poor. But now we see that he is proposing this plan that will wipe out a lot of the better programs he has supported or established.
Another DUer posted this link.
http://americablog.com/2012/05/pete-petersen-hosts-bill-clinton-paul-ryan-simpson-van-hollen-to-discuss-social-security-compromise
Read it. It makes you sick. Obama, Clinton, the whole DLC, Geithner, the whole bunch want to destroy Social Security. That's the lifeline of seniors across the country. The 401(K)s are a joke. Wall Streeters just milk them dry. We do not want a private pension system unless the government pretty much runs it.
We can see from the Elizabeth Warren questions and answers on the Senate Banking committee that our "regulators" are not regulating the banks or financial institutions adequately. All that they are "regulating" is their transitions to and from Wall Street financial firms and lobbying law firms. "Regulation" of the financial sector is a joke under the Obama administration as it was under the Bush II administration.
We seniors have been under pressure in many respects since 2008. We have watched friends lose businesses, lose jobs and their homes. Our kids are struggling with student loans that are hard to pay back. Many of those of us who are seniors retired early because our bosses wanted to hire younger people or because we lost jobs and could not get new ones. Politicians have no idea of the age discrimination that ordinary people face.
And now, Obama is doing the ultimate favor for the bankers -- and meeting with them at the White House for a little victory dance almost immediately after the dirty deed.
And you are surprised that we are emotional and distrustful and unappreciative of Obama?
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