Grand Bargain Betrayal Coming
Obama colluding with Republicans to cut trillions of dollars in social spending.
by Stephen Lendman
Obama's economic record includes nearly 25 million unemployed, around 23% of working age Americans without jobs, poverty, homelessness, and hunger at record levels or close to it, and the greatest wealth disparity in US history.
Privileged elites benefitted enormously on his watch. They'll get plenty more ahead. Others are enduring protracted hard times. Bipartisan complicity calls for making things worse, not better. Huge budget cuts loom. Social programs will be hit hardest. More on that below.
America's compromised progressive left hailed Obama's victory. Condemnation should have been headlined instead. Nation magazine lost its soul long ago.
Throughout its history, it pretended to have one. It scorns truth. It turns reality on its head. It ducks responsible reporting on issues mattering most.
On November 7, it headlined "A Progressive Surge," saying:
"While President Obama's re-election inspires varying degrees of hope among progressives, it has evoked one common sentiment: relief. Democracy may not be reborn, but a living symbol of plutocracy was defeated by the voters on November 6."
It's hard believing so-called progressive editors would publish outrageous rubbish this offensive. Obama matches Romney's anti-populist agenda blow for blow.
They agree on most everything benefitting corporate favorites and rich elites at the expense of all others. They scorn social America. They don't give a damn about people needs. Pretending otherwise is unprincipled, reprehensible, and stupid.
Nonetheless, Nation editors celebrated "exhilarating wins" for Obama and likeminded Democrats. Hail to the party of the rich. It replicates the other rich man's party. America's duopoly calls progressivism a four-letter word.
"We are glad the 1 percent (was) rebuffed at the polls," said Nation editors"."We are glad that progressive politics".made the difference."
Perhaps they meant Venezuela's election instead. In October, people power defeated privilege. Letting Obama lead America's Money Party for another four years assures worse for ordinary people than in term one. It's baked in the cake.
Too bad Nation readers weren't told the truth. Nor regular New York Times adherents. On November 7, its editorial headlined "An Invigorated Second Term," saying: