Obama has been a pretty good President. So why are the people calling for change, Trump and Sanders, doing so well? Obama saved the US from falling into a depression when he took over from Bush during the 2008 financial crisis. He and Fed Chair Ben Bernanke did this by bailing out the big banks and other big institutions -- AIG Insurance, General Motors. etc. The banks and the government have made a big point of the fact that the big institutions paid the bailout money back. The government did much less to help the little guy, not just the people who bought houses with “liar loans,” but people who lost 401(k) money in the stock market on the eve of their retirement, who were transferred and had had to sell their houses while house values were depressed, etc. In addition, it looks like there was a massive transfer of wealth during this period from regular people to the super rich. It’s not clear to me exactly what happened, but for example, smart invstors in the stock market made much greater returns than regular people with conservative investments. House prices have risen, but not like the stock market, or other riskier investments like private equity, hedge funds, or high yield bonds. Interest rates on bank accounts and ordinary bonds ave been close to zero for about a decade.
Ordnary Americans, including me, don’t knew exactly what happened, but they know something bad happened to them. While their lives in general are not terrible, they are relatively worse off vis-a-viz the one percent, and may be actually worse off than they personally were a few years earlier. They know something went wrong under the Obama administration. In a sense, Obama saved their lives, but made their lives worse. So, do you thank Obama for saving your life, or blame him for giving your money to the extremely rich who bought him with their contributions, lobbying and backroom political power. Plus, Obama did not send any Wall Street crook to jail. The super rich Jews bought the Clintons, and it looks like they have bought the Obamas, too. Oddly, Hillary is running as the cadidate of the Jewish insiders ike Michael Bloomberg, while the insider Jews oppose Bernie, an ethnic Jew who is an outsider to whatever the Jews are who control Wall Street, Washington, and part of Silicon Valley (e.g., Facebook). It’s interesting that two Jews, Al Franken and Sarah Silverman, were instrumental in putting down the Bernie supporters at the Democratic convention. The insider Jews apparently hate Bernie, but love Hillary, a Methodist.
As a transplanted Southerner, I should like Hillary for being first lady of Arkansas, a southern state, but I don’t think Hillary ever abandoned her Illinois, liberal roots. Bill Clinton could get along with good ole Southern boys, as well as New York Jews, but Hillary made her mark, such as it was, in Arkansas by siding with the blacks against the good ole boys. Her black conections helped the Clintons in Arkansas, and remain one of her stongest political pillars. But Hillary doesn’t appeal to white men. She has a love-hate relationship with her white man, Bill, who has dragged her throught the mud, but has also put her on the Presidential stage.
Stepping in as Obama’s surrogate successor will not be entirely easy, because Obama, while being a basically good President, left many expectations unfulfilled. He has not proved himself worthy of the Nobel Peace Prize, in part because of some things that Hillary did as Secretary of State, like invading Libya. He reduced American troops in Iraq and Afghanistan, but the wars go on. Fewer Americns are dying, but Obama has the blood of hundreds of thousands of Arabs on his hands. His call early in his presidency for Muslims to rise up and overthrow their dictatorial leaders, like Mubarek, Qaddafi and Assad, resulted in bloody chaos in the Middle East, particularly in Syria, It has now destabilized our NATO ally, Turkey. So far, I credit Obama for not assassinating Assad or Erdogan with a cruise missile as he did Osama bin Laden, which he could do.
Obama promised to close Guantanamo, but he has failed to do so. The Republican Congress has done everything it can to block him, but nevertheless he failed. It’s another case where he failed to live up to the promise of the Nobel Peace Prize. America remains a member of the club of nations that tortures political prisoners. We may have stopped waterboarding them, but the prison itself is a form of cruel and unusal punishment.
Obama did expand healthcare with Obama Care, but he failed the progressives in his party by not establishing a single payer system. Obama basically sold out to the super rich medical establishment to preserve the private insurance system, that makes them rich. Oddly to me, while there are a lot of Jewish doctors, the rich people running heathcare tend to be gentiles. The part of the medical establishment that benefits the least from the current system are those doctors who do the most good, those who practice general or family medicine. Even they find it difficult to work in the present environment because of the huge bureacracy made up of private insurance, Medicare and Medicade. As a result doctors who really want to help people end up joining hospitals or big medical practice groups to let somebody else do the paperwork while they save lives. The administrators love this because they can add on their percentage to every bill. While many patients get good care, it’s a system that favors the adminsitrators over the doctors and the doctors over the patients. The people at the bottom of the healthcare pyramid in the US are the patients. Obama left this system in place.
