When he got the nomination, the gloves came off and the campaign trounced McCain by out raising the Republican presidential campaign on Wall Street and other business sectors.
This allowed more of the utterly cynical, hypocrisy in the form of political advertising crucial to mass fundraising on the internet. Obama rode the anti-Bush public wave. Hope, Change, and Trust Me were the platitudes as the corporate media served as an unpaid advocate for the not-so-long con that Obama planned to change anything.
The Big Payback
Once elected, Obama wasted no time in paying back those who put him in power. He appointed Larry Summers as chief economic architect and NY Fed President Timothy Geithner as Secretary of the Treasury. We really don't need any more narrative to determine how the story comes out. Wall Street and the Big Banks backed up a parade of 16 wheelers to the Treasury and begin unloading more money for more bailouts, credits, etc. Summers and Geithner were the helpers who fixed the regulations, wrote the legislation, and provided directions at the loading lock as your money went out the door.
We're at a special moment right now. Obama's creators and his team have "screwed the pooch" by failing to deliver anything for the people who face economic hardship and personal challenges on an ever increasing basis. His popularity is below 50% on a regular basis. He's not taken seriously by his own party. His foreign policy not only lacks imagination, it's now a joke thanks to Wikileaks.
Obama is a spent leader with no real chance of regaining any popularity. What do to?
Go for the big kill - accept the Bush tax cuts and add a tax cut for Social Security payroll tax. Tell the people it's a necessary deal - "this is a long game, not a short one" Dec. 7. Disregard the huge majority of supporters opposing your plan. You don't care. You're not looking for another term. You've got a new job in sight - not so elder, peace prize wining statesman for " The Carlyle Group, etc.
You've earned it. You have accomplished what no Republican could do. Social Security and every other program that benefits the people are now in real peril. The Grail is yours, celebrate your victory. You just have another couple of years of public fretting, fake humility, and dissembling before the big payday.
And never forget, Mr. President that you don't really matter. You're just a functionary taking orders from:
"The Money Party, a small group of enterprises and individuals who have most of the money in this country. They use that money to make more money. Controlling who gets elected to public office is the key to more money for them and less for us.
It is not about Republicans versus Democrats. The Money Party is an equal opportunity employer. They have no permanent friends or enemies, just permanent interests. Democrats are as welcome as Republicans to this party. It's all good when you're on the take and the take is legal. Michael Collins Sept 30, 2007
END
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