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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