I think it’s fair to say, and should be said, that President Obama needlessly squandered his first two years in office, saddling the nation with health care legislation that nobody really wanted instead of fighting for a single-payer Medicare-for-All program that would insure the basic health needs of every American.
While pushing for legislation seen by many on the Left as a boon to the private insurance industry, the President virtually ignored the country’s mounting jobs crisis — until he started running for re-election, that is.
Extending the Bush tax cuts for the wealthy added insult to injury and, in no small measure, helped to give rise to the Occupy Wall Street movement. Unlike the last Democratic administration, the gap between rich and poor has widened substantially during Obama’s presidency.
The recipient of a staggering $37.6 million in Wall Street money between 1998 and his election in 2008, the President has been about as effective in turning this recession-ravaged economy around as Herbert Hoover in 1932. That was, of course, the year when the beleaguered Republican President tried to rescue the ailing U.S. economy with the passage of the relatively modest Emergency Relief and Construction Act and the creation of the Reconstruction Finance Corporation, neither of which came close to ending the Great Depression.
Instead of modeling his economic policy agenda after Herbert Hoover, President Obama and his advisers should have instead studied FDR and the New Deal.
The President’s $787 billion stimulus package in 2009 — much of which was used by Republican governors and GOP-controlled legislatures to balance state budgets — did little for the private sector and was simply too meager to pull the country out of the depths of the “Great Recession,” a devastating economic downturn that millions of Americans believe never ended.
http://www.battlegroundblog.com/2011/10/26/darcy-richardson-why-im-running-for-president/
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