Moral Outrage
Whew! God help us!

Corporate sponsorship the reason Obama has let us all down

Rober D. Hodge writes in his excellent new book ‘The Mendacity of Hope’, “Obama is judged not as a man but as a fable, a tale of moral uplift that redeems the sins of America’s shameful past,” our longing for him to be Martin Luther King reborn.

It is not primary a question of individual failings, but of the endemic corruption at the core of American politics. The facts are not hidden. If you want to run for national office in the US, you have to raise huge sums of money from corporations. These corporations will only give you money if you persuade them that you will serve their interests once you are in power.

In 2006, Barack Obama said that taking money from the rich is “the original sin of anyone who’s ever run for office” in the US, and it ensures that “Washington is only open to those with the most cash.” There’s a term for this: legalized bribery. It is so naked that corporations routinely give to both sides in an election: Goldman Sachs, to name just one, gave to both Obama and McCain to ensure whoever became President was indebted to them.

As the Wisconsin politician Ed Garvey puts it: “Even candidates who get into politics with the best of intentions start thinking they can’t get re-elected without money. Senators get so reliant on the money that they reflect it; they stop thinking for themselves, stop thinking like the people who elected them. ”

In the Land of the Fee, Obama was brought to power by “donations” – actually investments – of Goldman Sachs, JPMorgan Chase, Citigroup, IBM, Morgan Stanley, General Electric, and others. So it is unsurprising that his Presidency has largely served their interests, which are very different from our interests.

His first act after the election was to appoint an economics team headed by the people who caused the crash: the Clinton-era deregulators and the former heads of Goldman. They proceeded to ensure that any reregulation to prevent another crash was gutted, while the bankers’ bonuses continued to flow.

And they rake in a fortune from the reality that 44 percent of the entire federal budget is spent on a largely unnecessary war machine – a figure that is growing rapidly on Obama’s watch.

[Read full article]

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