Obama replaced George W. Bush, who left office the most reviled president in US history. The election campaign was accompanied by an enormous amount of media marketing, with a candidate who had no significant political history packaged as the agent of “hope” and “change.”
Upon coming to office, however, Obama pursued the most right-wing agenda in US history. It quickly emerged that whatever vague promises he made were insincere, and that his administration was committed to an acceleration of the policies of the Bush administration—overseeing a historic transfer of wealth to the rich, escalating military violence abroad, and deepening the attacks on democratic rights within the United States.
“The stock market is booming, the Forbes 400 are richer than ever, yet the conditions for youth and workers are disastrous. War continues without end, and Obama has gone far beyond Bush in rendering the Bill of Rights a dead letter.”
OBAMA: SERVANT OF THE 1%
Richest one percent controls nearly half of global wealth
The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has accelerated sharply since the 2008 financial crisis, as the values of financial assets have soared while wages have stagnated and declined.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
IMF report: No end to economic breakdown
THE YEAR WAS 2009…