I have become very disenchanted with President Barack Obama even though I voted for him in 2008.
1. He did not even propose the public option healthcare system: he had campaigned on that system, promising to propose it. (Wikipedia: ”President Barack Obama promoted the idea of the public option while running for election.[3] After becoming President, Obama downplayed the need for a public health insurance option including calling it a “sliver” of health care reform,[4] but had not given up pursuing the idea before the health care reform was passed.[5] The preceding statement is disputed by evidence that the Obama administration had agreed to drop the public option from the final plan in the summer of 2009[6] in a back room deal with representatives of the for-profit hospital lobby[7]“)
2. He has appointed countless Wall Streeters to his top economic team, failing to appoint labor voices like Robert Reich.
3. He has bailed out Wall Street instead of Main Street: remember TARP? And then the banks dispensed $6 billion in bonuses in that year to its executives.
4. He failed to attack the mortgage crisis, leaving an elephant still in our “room”, with one-third of home mortgages now underwater.
5. He failed to veto the National Defense Authorization Act, doing away with habeous corpus, allowing the government to arrest and detain indefinitely without a trial or hearing.
6. He agreed to an extension of the Bush tax cuts for the rich, and on top of that, he agreed to an egregious reduction of the estate taxes on the rich, exempting as much as $10 million from any estate taxes and lowering the estate tax rate down to a ridiculous rate of 35%, when our country has a $15 trillion debt. That alone saved the Walton heirs $17 billion in taxes.
7. He has failed to indict and imprison any of those banksters involved in all of that fraud on Wall Street from the subprime mortgage, including robo-signing, and selling shit-backed mortgage securities known to be worthless.
8. He appointed Jeffrey Immelt to head his Jobs Council when GE has been saying “China, China, China,” and shipping all jobs overseas while closing plants here in the US.
9. President Obama is now considering and proposing to lower the corporate tax rate to 26%, when corporations are not only at a low-time rate of paying taxes but getting billions in tax subsidies from our government and opening up offices on the 19th floor of one building on the Cayman Islands to avoid taxes altogether.
10. President Obama spoke in favor of PIPA and SOPA, when the internet is the last vestige of free speech and the availability of free information to the general public.
11. There were no indictments by President Obama of all the contractor fraud reported on by Bernie Sanders and Ron Paul in a Congressional Report released over a year ago. Whenever the rich and big corporations are caught in fraud, Eric Holder adopts a policy of “looking forward”, instead of holding them accountable.
12. President Obama agreed to the “grand bargain” (thank, God, Boehner did not accept it) to cut over $2 trillion in spending, including social security, medicare, medicaid, and other social safety-net programs merely in return for hypothetical “revenue increases” of $800 billion relying on “dynamic scoring”.
13. President Obama has done nothing to level the trade treaties, where corporations are shipping labor to Cambodia (22.5 cents per hour), China, Philippines, etc., where labor is paid 25 cents per hour. This is exporting slavery to other countries. Where is the level playing field for Americans?
14. President Obama in 2009 only proposed $140 billion in infrastructure spending when Paul Krugman and other economists predicted that $1.5 trillion was needed for our economy to recover. And last year only proposed a paltry $108 billion in infrastructure spending.
15. President Obama praised the recent JOBS Act, which allows corporations to go public and raise capital without audited financial information in their public presentations for the first five years, allowing them to present fictitious numbers and defraud investors?
16. President Obama has failed to propose the return of Glass-Steagall, separating commercial and investment banking, which will soon plunge us back into another mega-bailout of Wall Street.
17. President Obama has failed to propose the break up of the big banks and corporations. What ever happened to the Sherman Anti-Trust Act?
18. President Obama touted a $25 billion robo-signing settlement when a trillion dollars of our pension and retirement funds were stolen.
19. While campaigning, President Obama promised to put on his walking shoes for labor, but failed to even show up in Wisconsin and walk the picket line against Governor Walker.
20. President Obama has not declared war on the Supreme Court, as President Roosevelt did, to oppose the corporate/rich posture of Scalia, Kennedy, Thomas, Alito, and Roberts. Why not take them on?
21. President Obama has arrested and raided more marijuana users in less than four years than George Bush did in eight years.
Why is President Obama proposing cuts to social security, medicare, and medicaid while spending more on marijuana arrests and raids, especially when a majority of Americans are for legalization of pot and for the open sale of marijuana for medical use?
Time and time again President Obama did not fight the good fight for working Americans, who are losing their jobs, health insurance, homes, dignity, etc.
I am tired of the lame excuse of how we must vote for Obama because of the Supreme Court. How can anyone believe that Obama would not disappoint progressives on that issue after he failed to undertake a recess appointment of Elizabeth Warren to head the Consumer Financial Protection Bureau, a position to which she was more entitled to direct than any other American?
I am done with President Obama.
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