Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

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

© 2005-2022 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