Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

No Drama Obama Needs a Strong Second Act

Politics / US Politics Aug 09, 2010 - 12:51 AM GMT

By: Walter_Brasch

Politics The Obama administration is a welcome change from the Bush–Cheney years. Against severe Republican opposition, President Obama has kept campaign promises to reform health care, curb Wall Street excesses, create a federally-funded stimulus program to help bring the nation out of the recession, and to remove American troops from the needless Iraq war, which has already cost Americans more than $740 billion and 4,400 lives. He has also pledged to eliminate the Bush–Cheney tax cuts for the rich, while not raising taxes on the middle- and lower-classes.


However, much of what the President is doing appears to be little more than an extension of Bush–Cheney values. And that is not what the Americans voted for when they elected him to office.

Candidate Obama ran, and won office as an anti-war politician. President Obama has increased American presence in Afghanistan. In July, 66 American soldiers were killed, the highest number for any month during the war.

Candidate Obama pledged to end the PATRIOT Act, which has done little to protect American safety and much to destroy American Constitutional rights, including freedom of expression, due process, and protection against unreasonable governmental invasion of privacy. However President Obama signed legislation to extend the Act for yet another year.

During the 2008 campaign, both candidates Barack Obama and John McCain promised to close the prison at Guantanamo Bay. However, President Obama, apparently scared by the right wing paranoids, hasn't transferred any prisoners to maximum federal security prisons in the U.S., any one of which would should have little difficulty dealing with suspected enemy combatants among the general population of killers and rapists.

President Obama had failed to clean up the corrupt Minerals Management Service of the Department of Interior, which under the Bush–Cheney administration had become little more than feckless advocates for Big Oil. About a year into the Obama administration, the MMS exempted BP from filing a full environmental impact statement. Against the advice of environmentalists, and his own statements while a candidate, President Obama allowed continued deep water drilling in the Gulf, claiming that safety concerns were met. About a month later, the BP oil rig ruptured, killing 11 workers and leading to the worst oil spill in U.S. history. It took five weeks before President Obama finally placed a six month moratorium on deep well drilling, only to have that moratorium overturned by a Louisiana judge with financial ties to the oil industry. The Obama administration appealed that order and issued a broader moratorium. By then, more about 200 million gallons of oil had spilled into the gulf, killing wildlife, the fishing industries, and tourism.

Although Candidate Obama promised better transparency in government—and to a certain extent has succeeded—as President he allowed BP and his own government to place severe restrictions upon the media that were trying to give full coverage to the spill.

The transparency credibility issue surfaced again this month when the Defense Department rejected the application for Rolling Stone reporter Michael Hastings to accompany troops in Afghanistan. Hastings had accurately reported the political statements by Gen. Stanley McChrystal that led the President to fire him for the nature of his comments that "undermines the civilian control of the military that is at the core of the democratic system."

Illinois State Sen. Barack Obama had said he believed in gay marriages. However, President Obama, although extending the rights of gay couples, has yielded to the fears of irrational conservatives and says he opposes same-sex marriages, but believes in civil unions. Unlike President Obama, supporters of same-sex marriage include Bill Clinton, Laura Bush, and Cindy McCain.

The Republican leadership tried to block extending unemployment benefits during the Recession; it was weeks until President Obama spoke forcefully against the Republicans, which has earned its label as the "Party of 'No.'" Hopefully, President Obama will be quicker to denounce the prattle of Republican leaders who are mounting a campaign to reduce Social Security benefits.

Solely for political reasons, the Bush–Cheney administration took gray wolves off the endangered species list one week before Barack Obama became president. Slightly more than a year after taking office, President Obama officially continued the Bush–Cheney policy. The action by both administrations allowed the killing large numbers of the 1,600 wolves in the Rocky Mountains of Idaho and Montana, often by state officials from helicopters and often into the dens that housed pups. No matter what the federal government said about wolves not being endangered, there were two realities. First, the Cattle Industry lobby wanted wolves removed, although federal subsidies reimburse ranchers for any livestock killed by wolves. The second issue is that wolves are competition for hunters, a majority of whom tend to be conservatives or supporters of Republican philosophies. While wolves kill for food or to protect their pack, human hunters may claim they hunt for food, but go to extraordinary lengths and expense to stuff and display their "trophy kills," and often will kill animals, such as bears, prairie dogs, and coyotes that have no food value. Unlike their human competitors, wolves usually don't use guns with telescopic sights, buy all kinds of whistles and electronic calls that mimic the cries of other animals, use elevated shooting stands, send out decoys, or even create elaborate steel-jaw traps. They never take their prey back to a cabin, consume 6-packs, and tell stories with other wolves. A federal court this week ruled that gray wolves in the Rockies were not only an endangered species, but stopped state-supported wolf hunts in Idaho and Montana.

Franklin D. Roosevelt and Lyndon Johnson, against severe opposition, pushed through some of the most critical social legislation in the nation's history. Harry Truman stood up for his principles and for the benefit of the people when he lashed out at a "do-nothing Congress." Candidate Obama was elected on a forceful campaign mantra of "Change you can believe in," and not "A slight variation of present policies that you can maybe live with."

President Obama is known as "No Drama Obama" because of his quiet intellectualism. He needs to be more forceful, both in fully supporting social legislation he and his base believe in as well as attacking the vicious smears, lies, and distortions from the extreme Right Wing. If President Obama continues to pandering to the conservatives, and continues a slide into compromise that dilutes necessary social justice legislation instead of trusting the millions who voted for that change he promised, especially when he has both the power of the presidency and the votes in Congress, he will be a one-term president, hated by both the right and the left.

By Walter M Brasch PhD
http://www.walterbrasch.com

Copyright 2010 Walter M Brasch

Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at brasch@bloomu.edu

Walter Brasch Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in