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Once again: Why Obama won't--and can't--be Roosevelt

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opednews.com Headlined to H2 8/13/11

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A lengthy commentary published August 7 in the Sunday Review section of the New York Times makes many criticisms of the policies of President Barack Obama, but collapses in the face of the most vital and compelling issue: which class interests the Obama administration serves.

Under the headline, "What Happened to Obama?" Drew Westen, a professor of psychology at Emory University, expresses the disillusionment of many liberal supporters of Obama, who believed that the election of the first African-American president represented a watershed and an opportunity to revive the liberal reform policies associated with Roosevelt's New Deal and the Great Society measures of the 1960s.

While couched in the language of post-modernism -- Westen complains about Obama's failure to "tell a story" or provide a compelling "counternarrative" to the Republican ultra-right -- the criticisms are sharper than anything that has appeared recently in the Times, especially after the departure of two of the newspaper's more liberal columnists, Bob Herbert and Frank Rich.

Westen focuses his critique especially on Obama's refusal to denounce those responsible for the 2008 financial collapse -- the bankers and billionaire speculators -- and to promote an aggressively liberal alternative to the bank bailout initiated in the final months of the Bush administration and then expanded after the Democratic administration took over.

Pinning the blame for the crisis on the financial elite "would have made clear that the president understood that the American people had given Democrats the presidency and majorities in both houses of Congress to fix the mess the Republicans and Wall Street had made of the country, and that this would not be a power-sharing arrangement," he argues.

"It would have made clear that the problem wasn't tax-and-spend liberalism or the deficit -- a deficit that didn't exist until George W. Bush gave nearly $2 trillion in tax breaks largely to the wealthiest Americans and squandered $1 trillion in two wars. And perhaps most important, it would have offered a clear, compelling alternative to the dominant narrative of the right, that our problem is not due to spending on things like the pensions of firefighters, but to the fact that those who can afford to buy influence are rewriting the rules so they can cut themselves progressively larger slices of the American pie while paying less of their fair share for it."

Westen contrasts Obama's failure to the actions and words of President Franklin D. Roosevelt, whose New Deal policies used government resources to "put Americans directly to work," and who made a regular display of hostility to the big bankers, and vice versa. He cites the famous speech in 1936 at Madison Square Garden, when Roosevelt declared, "Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me -- and I welcome their hatred."

While Roosevelt was himself just as committed to the capitalist system as his Wall Street foes, he clearly understood that in order to save capitalism, it was necessary to chastise the capitalists publicly, to appease popular anger, and to place some constraints on their operations in order to prevent a recurrence of the financial manipulations that produced the 1929 stock market crash.

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Westen bemoans Obama's refusal to follow this example. He writes: "In contrast, when faced with the greatest economic crisis, the greatest levels of economic inequality, and the greatest levels of corporate influence on politics since the Depression, Barack Obama stared into the eyes of history and chose to avert his gaze. Instead of indicting the people whose recklessness wrecked the economy, he put them in charge of it. He never explained that decision to the public -- a failure in storytelling as extraordinary as the failure in judgment behind it."

This criticism assumes, of course, that Obama could have provided a credible explanation for his decision to put the lunatics in charge of the capitalist asylum -- including, most obviously, his selection of Timothy Geithner, head of the New York Federal Reserve during the 2008 crash and one of three principal organizers of the bank bailout, as his secretary of the treasury. Likewise, he chose to renominate Federal Reserve Board Chairman Ben Bernanke, another key architect of the bailout, for a new four-year term.

More importantly, Obama chose to continue the bailout of the banks begun by Geithner, Bernanke and Bush's treasury secretary, Henry Paulson, and then to greatly expand it. Every aspect of the new administration's financial and economic policy was driven by the determination to restore solvency to the investment banks, stock traders and hedge funds, at the expense of the working class.

Obama proposed an economic stimulus policy tailored to boosting corporate profitability, not jobs, and rejected any direct job creation by the federal government. After blocking efforts to limit executive pay at the bailed-out banks, the president demanded a 50 percent wage cut for newly hired auto workers as the price of bailing out General Motors and Chrysler. And his health care "reform" was driven by cost-cutting, not the extension of coverage to the uninsured.

Westen admits that these policies led to widespread confusion and then disillusionment among those voters who had expected a progressive alternative from Obama, and opened the way for the ultra-right Tea Party movement to divert popular discontent and gain influence. But he attributes this to Obama's failure to motivate his policies, not to the objective content of the policies themselves. Thus he writes that no administration official would "explain why saving the banks was such a priority, when saving the homes the banks were foreclosing didn't seem to be."

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Such a formulation suggests that such an explanation was possible; in other words, that Obama was pursuing a policy that was ultimately in the interests of working people, but failed to communicate it properly. The truth is far different: Obama's policies were determined solely by the interests of the banks and corporations, and it proved impossible for him to disguise this fact from the working class. The Madison Avenue techniques and rhetoric of "hope" and "change" employed during the 2008 presidential campaign proved inadequate for gulling the masses indefinitely in the face of continued double-digit unemployment and declining living standards.

Westen concludes by effectively throwing up his hands over the recent confrontation between the Republican-controlled House of Representatives and the Obama administration over raising the federal debt ceiling and cutting the federal deficit. He describes the deficit debate as divorced from the real concerns of the American people about jobs and the ongoing economic slump, but expresses bewilderment about Obama's role.

"Like most Americans, at this point," he concludes, "I have no idea what Barack Obama -- and by extension the party he leads -- believes on virtually any issue." This is only because he refuses to take seriously what Obama himself has said in the course of the deficit talks: that he supports massive cuts in entitlement programs, including Social Security, and that he supports the most modest of tax increases on the wealthy in order to provide a patina of "fairness" and "shared sacrifice," without materially affecting the super-rich.

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Patrick Martin writes for the World Socialist Website (wsws.org), a forum for socialist ideas & analysis & published by the International Committee of the Fourth International (ICFI).

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This commentary nicely complements the Op Ed piece... by Siegfried Othmer on Saturday, Aug 13, 2011 at 7:07:51 PM