By James K. Galbraith
Alternet
Obama is no progressiveThe debt deal will make things clear. The President is not a progressive – he is not what Americans still call a “liberal.” He is a willful player in an epic drama of faux-politics, an operative for the money power, whose job is to neutralize the left with fear and distraction and then to pivot rightward and deliver a conservative result.
What Barack Obama got from the debt deal was exactly what his sponsors have wanted: a long-term lock-in of domestic spending cuts, and a path toward severe cuts in the core New Deal and Great Society insurance programs – Social Security, Medicare and Medicaid. And, of course, no tax increases at all.
To see the arc of political strategy, recall that from the beginning Obama handed economic policy to retainers recruited from the stables of Robert Rubin. From the beginning, he touted “fiscal responsibility” and played up the (economically non-existent) “problem” of the budget deficit. From the beginning his team sabotaged economic recovery with optimistic forecasts and inadequate programs – in the clear interest of protecting the banking system from reform.
As the presidency moved along, false claims of economic recovery supported a transition toward obsessive focus on debt and deficits, validated by a federal commission and constantly reinforced by a Washington propaganda chorus funded by Peter G. Peterson, for many decades a billionaire campaigner against Social Security and Medicare.
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Link:
http://www.alternet.org/economy/151949/how_obama_is_neutralizing_the_left_and_tilting_rightward/If I was a praying man, I would pray for a decent honest Liberal/Progressive Primary Challenger to Obama....although it is likely far too late to change the path we are on.