Wednesday, March 28, 2012

It Ain't Just Me

Trey Smith

Let me say from the very beginning that we at Black Agenda Report do not think that Barack Obama is the Lesser Evil. He is the more Effective Evil.

He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda. He has put both Wall Street and U.S. imperial power on new and more aggressive tracks – just as he hired himself out to do.

That was always Wall Street’s expectation of Obama, and his promise to them. That’s why they gave him far more money in 2008 than they gave John McCain. They were buying Obama futures on the electoral political market – and they made out like bandits.

They invested in Obama to protect them from harm, as a hedge against the risk of systemic disaster caused by their own predations. And, it was a good bet, a good deal. It paid out in the tens of trillions of dollars.

If you believe that what Wall Street does is Evil, then Obama’s service to Wall Street is Evil, and there is nothing lesser about it.

They had vetted Obama, thoroughly, before he even set foot in the U.S. Senate in 2004.

He protected their interests, there, helping shield corporations from class action suits, and voting against caps on credit card Interest. He was their guy back then – and some of us were saying so, back then.

He was the bankers’ guy in the Democratic presidential primary race. Among the last three standing in 2008, it was Obama who opposed any moratorium on home foreclosures. John Edwards supported a mandatory moratorium and Hillary Clinton said she wanted a voluntary halt to foreclosures. But Barack Obama opposed any moratorium. Let it run its course, said candidate Obama. And, true to his word, he has let the foreclosures run their catastrophic course.

Only a few months later, when the crunch came and Finance Capital was in meltdown, who rescued Wall Street? Not George Bush. Bush tried, but he was spent, discredited, ineffective. Not John McCain. He was in a coma, coming unglued, totally ineffective.

Bush’s bailout failed on a Monday. By Friday, Obama had convinced enough Democrats in opposition to roll over – and the bailout passed, setting the stage for a new dispensation between the American State and Wall Street, in which a permanent pipeline of tens of trillions of dollars would flow directly into Wall Street accounts, via the Federal Reserve.

And Obama had not even been elected yet.
~ from Why Barack Obama is the More Effective Evil by Glen Ford ~
Yes, this is a longer snippet than I typically share, but I want you all to see that I'm not alone in my criticism of the president from the Left.

On TV, I keep hearing on the liberal talk shows that folks like me simply don't appreciate all that Obama has accomplished since rising to the top spot. It's not that I don't think the guy has done nothing positive for the nation as a whole. It's more that he has done so little for the 99 percent and so much for the 1 percent.

On issue after issue, he doesn't represent the kind of leader I think this nation so desperately needs. His policies don't represent the kind of nation I envision. And, we're told, that he's the liberal choice!

If that's true, then it tells me only one thing: Liberalism is dead.


  1. So if Obama's the more effective evil, does that mean we're better off voting for Romney? I know most Progressives hate to admit it, but between him and the GOP, Obama really is the lesser of two evils. The only thing you can do is not vote for either of them.

    Liberalism isn't dead, we just don't have a meaningful voice. For any meaningful change we have to break the two party duopoly of the American political system. I always hoped that the occupy movement would spur off a new progressive political party that could effectively compete with the centerist Dems and the right wing GOP. But even then, how do we know a real "progressive" candidate won't be corrupted while in Washington?

    This is why we must support occupy. Changing the system through elections is almost impossible at this point (only Ron Paul can save us), changing it will require a mass civil uprising (though not necessarily a violent one). Sadly, most American's are too apathetic, ignorant, lazy, and/or distracted to act. This country is circling the drain, as things get ever worse, I can't wait to jump ship (I'll have a post on that sometime in the future).


Comments are unmoderated, so you can write whatever you want.