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February 21, 2008 at 22:26:02

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Is Obama a True Agent of Change?

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By Cody Lyon, Posted by codyco (about the submitter)     Page 2 of 3 page(s)

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The “Times” pointed out that Exelon chairman John W. Rowe has been an Obama donor and is also chairman of the Nuclear Energy Institute, the nuclear power industry’s largest lobbying group.

The article did not mention that Rowe, like several other powerful energy power players also sits on the influential, right wing and neo-conservative American Enterprise Institute’s Board.

Alluding to the Exelon relationship, the Clinton campaign charged that Senator Obama had allowed the nuclear industry to water down a 2006 bill regulating the nuclear power industry, it was met with evasiveness.

Obama spokesperson Bill Burton responded on CNN saying his campaign "doesn't need any lectures on special interests from the candidate who's taken more money from Washington lobbyists than any Republican running for president.”

"Sen. Clinton may have said that attacks and distortions are the 'fun' and 'exciting' part of the campaign, but they're exactly what everyone else in America is tired of,” Burton said according to CNN.

True enough, Americans are sick and tired of distortions. But unfortunately, much of the feel good rhetoric in the Obama camp has served as a convenient “distortion” for those hungry for a more forthcoming and critical examination of Obama.

For example, Senator Obama has touted his healthcare policy as part of his change we can all believe in since it would make healthcare available to everyone.

But, The Annenberg Political Fact Check, or Factheck.org said that Obama is being misleading when he says his healthcare proposal would “cover everyone.”

Factcheck.org says Obama’s plan would make coverage available to all, but experts that the organization consulted estimate that 15 to 26 million Americans would not take it up unless required to do so, which means, the new policy would still leave almost half the currently un-insured, still un-insured.

Another hot button topic close to any progressive’s heart is how the future President will address the sub-prime mortgage crisis that has driven a recession that is still threatening world financial markets.

In his January 24 “The Nation” commentary titled “Subprime Obama” Max Fraser pointed out that predatory lenders “targeted the most vulnerable; black and latino borrowers have been twice as likely to receive sub-prime loans as whites: female homeowners, 30 percent more likely than male; black women five times more likely than white men.

But, Fraser noted that of the Democratic candidates, only Obama has not called for a moratorium and interest rate freeze. The article said “though he has been a proponent of mortgage fraud legislation in the Senate, he has remained silent on further financial regulations.”

The “Nation” piece quoted Josh Bivens of the Economic Policy Institute who said “Edwards and Clinton talk much more about regulation of the financial industry going forward, and to the extent that blame is placed, they tend to place it on lenders for steering people into loans they couldn’t afford.”

Senator Clinton has loudly gone after Obama on several occasions regarding his yes vote on the 2005 energy bill.

To his credit, Obama led efforts to ensure investments in renewable energy and has sponsored legislation to strip incentives from oil companies.

Still, according to an August 9, 2005 report from the “Washington Post”, the final bill included around $85 billion in tax breaks and subsidies for most forms of energy.

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Believe in what? by Bill Samuel on Friday, Feb 22, 2008 at 12:15:46 PM
If Obama was a real rebel by Joel S. Hirschhorn on Friday, Feb 22, 2008 at 12:35:44 PM
Obana by beccy on Saturday, Feb 23, 2008 at 10:41:53 PM

 
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