No matter how much evil Barack Obama actually accomplishes during his presidency, people that call themselves leftists insist on dubbing him the Lesser Evil. Not only is Obama not given proper credit for out-evil-ing George Bush, domestically and internationally, but the First Black President is awarded positive grades for his intentions versus the presumed intentions of Republicans. As the author says, this "is psycho-babble, not analysis. No real Left would engage in it."
Glen Ford at the Left Forum
BAR executive editor Glen Ford made the following presentation at the Left Forum, Pace University, New York City, March 17. On the panel were Gloria Mattera, Margaret Kimberley (BAR), Suren Moodliar, John Nichols, and Victor Wallis. The discussion was titled, The 2012 Elections: Lesser Evil or Left Alternative?
" He has put both Wall Street and U.S. imperial power on new and more aggressive tracks -- just as he hired himself out to do."
Power to the people!
Let me say from the very beginning that we at Black Agenda Report do not think that Barack Obama is the Lesser Evil. He is the more Effective Evil.
He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda. He has put both Wall Street and U.S. imperial power on new and more aggressive tracks -- just as he hired himself out to do.
That was always Wall Street's expectation of Obama, and his promise to them. That's why they gave him far more money in 2008 than they gave John McCain. They were buying Obama futures on the electoral political market -- and they made out like bandits.
They invested in Obama to protect them from harm, as a hedge against the risk of systemic disaster caused by their own predations. And, it was a good bet, a good deal. It paid out in the tens of trillions of dollars.
If you believe that what Wall Street does is Evil, then Obama's service to Wall Street is Evil, and there is nothing lesser about it.
They had vetted Obama, thoroughly, before he even set foot in the U.S. Senate in 2004.
He protected their interests, there, helping shield corporations from class action suits, and voting against caps on credit card Interest. He was their guy back then -- and some of us were saying so, back then.
He was the bankers' guy in the Democratic presidential primary race. Among the last three standing in 2008, it was Obama who opposed any moratorium on home foreclosures. John Edwards supported a mandatory moratorium and Hillary Clinton said she wanted a voluntary halt to foreclosures. But Barack Obama opposed any moratorium. Let it run its course, said candidate Obama. And, true to his word, he has let the foreclosures run their catastrophic course.
Only a few months later, when the crunch came and Finance Capital was in meltdown, who rescued Wall Street? Not George Bush. Bush tried, but he was spent, discredited, ineffective. Not John McCain. He was in a coma, coming unglued, totally ineffective.
Bush's bailout failed on a Monday. By Friday, Obama had convinced enough Democrats in opposition to roll over -- and the bailout passed, setting the stage for a new dispensation between the American State and Wall Street, in which a permanent pipeline of tens of trillions of dollars would flow directly into Wall Street accounts, via the Federal Reserve.