Thursday, June 21, 2012

OBAMA'S "CHANGE": Merely Bush' Third Term on Steroids?


Obama's economic “vision”




On the contrary, Obama, as usual, talked out of both sides of his mouth. He took pains to reassure his real constituency—Wall Street and the corporate-financial elite—that his quasi-populist posturing meant nothing and he remained committed to the policy of austerity and attacks on working class living standards that he had pursued throughout his first term in office—a policy that is in all essentials identical to that of his opponent.

Obama boasted of signing a law to cut the deficit by $2 trillion and “reduce our yearly domestic spending to its lowest level as a share of the economy in nearly 60 years.” What was America like 60 years ago? No Medicare, no Medicaid, no food stamps, no federal aid to education, no interstate highway system.


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