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He approved US military bases encircling Russia, China and Iran, obstructing their solidarity and cohesion. He promised change and delivered betrayal, nearing year three of his tenure. Like his predecessor, he aroused global anger, his agenda endangering everyone, including Americans, heading the country for tyranny and ruin.
Enacting Obamacare
An earlier article called March 21 a day of infamy when House and Democrat leaders bullied, bribed, cajoled, muscled, and jerry-rigged Obamacare to pass, despite most Americans opposing it with good reason. Ralph Nader called it a "pay-or-die system that is the disgrace of the Western world," costing double what other Western countries spend and delivering less, rationing care to enrich corporate providers while making a dysfunctional system worse.
Henceforth, junk insurance policies will leave millions underinsured. Costs will remain out-of-control. Insurers can still deny care by delaying, contesting, preventing or over-charging people from accessing it. Everyone must have coverage or be penalized if opt out, a provision many states are contesting. A Virginia federal judge just ruled it unconstitutional, a battle the Supreme Court will decide. Company-provided policies will be taxed as ordinary income, harming working households most of all.
Physicians for a National Health Program denounced it, saying the new law "will enrich and further entrench (private insurers, forcing) millions of Americans to buy" defective coverage leaving most worse off than before at a cost of hundreds of billions of tax dollars given predators to game the system for profit, the public losing out. Moreover, 23 million Americans will remain uninsured, "translate(d) into an estimated 23,000 unnecessary deaths annually and an incalculable toll of suffering."
Obama's centerpiece domestic policy scammed the public with a package of expensive mandates, new taxes, and sweetheart deals, creating a fragmented, dysfunctional, unsustainable system, denying Americans what they urgently need - universal coverage, an expanded, improved Medicare for all, everyone in, no one out, what neither party or Obama delivered.
Capitulating on Financial Reform
Omitting real structural reforms, Democrats, Republicans, and Obama agreed on a patchwork of half-measures. Instead of restraining financial fraud, too-big-to-fail empowerment, an out-of-control Fed, and casino capitalism's ability to game the system with public money, it institutionalized business as usual. The Financial Times (FT) quoted a Wall Street banker saying "We are all breathing a sigh of relief here....we can live with this." Indeed so since Wall Street lawyers wrote it. The FT added: investors believe the "overhaul in financial rules would not have a significant impact on the industry's structure and profitability."
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