Grand Bargain Betrayal Coming
Obama colluding with Republicans to cut trillions of dollars in social spending.
by Stephen Lendman
Obama's economic record includes nearly 25 million unemployed, around 23% of working age Americans without jobs, poverty, homelessness, and hunger at record levels or close to it, and the greatest wealth disparity in US history.
Privileged elites benefitted enormously on his watch. They'll get plenty more ahead. Others are enduring protracted hard times. Bipartisan complicity calls for making things worse, not better. Huge budget cuts loom. Social programs will be hit hardest. More on that below.
America's compromised progressive left hailed Obama's victory. Condemnation should have been headlined instead. Nation magazine lost its soul long ago.
Throughout its history, it pretended to have one. It scorns truth. It turns reality on its head. It ducks responsible reporting on issues mattering most.
On November 7, it headlined "A Progressive Surge," saying: