Obama Is Worse Than Bush In Favoring The Super-Elite, Bailing Out the Big Banks, Protecting Financia

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Obama Is Worse Than Bush In Favoring The Super-Elite, Bailing Out the Big Banks, Protecting Financial Criminals, Targeting Whistleblowers, Secrecy and Trampling Our Liberties

Saturday, March 16, 2013
 

 

Even Democratic Party Loyalists Starting to Wake Up to the Fact that Obama Is As Bad As Bush … Or Worse

Glenn Greenwald notes that even Democratic party loyalists are getting fed up with Obama’s Bush-like actions:

Even the most loyal establishment Democrats are now harshly denouncing the president for his war on transparency ….

This secrecy has become so oppressive and extreme that even the most faithful Democratic operatives are now angrily exploding with public denunciations.

(Greenwald gives numerous examples.)

The Hill reported last month:

A majority of voters believe President Obama has been no better than his immediate predecessor, President George W. Bush, when it comes to balancing national security with the protection of civil liberties, according to a new poll for The Hill.

Thirty-seven percent of voters argue that Obama has been worse than Bush while 15 percent say he has been “about the same.” [In other words, a total of 52% think Obama is just as bad as Bush. That was before the drone controversy - discussed below - went viral.]

***

The results cannot be fully explained as party line responses. More than one in five self-identified Democrats, 21 percent, assert that the Obama administration has not improved upon Bush’s record. So do 23 percent of liberals.

Indeed, more and more Democrats are waking up the fact that Obama is doing a lot of the same stuff Bush did.

Bush was a horrible president.  His warmongering, crack down on liberties, redistributing wealth from the poor and middle class to the super-elite and obsession for secrecy were all abysmal.

But by numerous objective metrics, Obama is worse:

  • Favoring the Super-Elite the Expense of Everyone Else. Income inequality has increased more under Obama than under Bush.  Under Obama, the richest Americans have captured more than 100% of all  income gains (and see this).  Liberal nobel prize economist Joseph Stiglitz said in 2009 that Obama’s toxic asset plan “amounts to robbery of the American people”, and liberal  economist Dean Baker said in 2009 that the true purpose of the bank rescue plans is “a massive redistribution of wealth to the bank shareholders and their top executives”
  • Bailing Out the Big Banks.  While everyone knows about the $700 billion “Tarp” bailout which started under Bush, a top banking analyst puts the current bailouts under Obama at more than $780 billion each year.  (Background here.)
  • Secrecy.  In March 2010, AP documented that – under Obama – 17 major agencies were 50 percent more likely to deny freedom of information requests than under Bush.  An ACLU staff attorney puts it:  “In some ways, the Obama administration is actually even more aggressive on secrecy than the Bush administration“. A new AP investigation published last week shows that the Obama administration has recently become more secretive than ever.
Entry #433

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