I'm Gonna Ask You Something From The Heart... About President Barack Obama...

[bklyncowgirl]

30. Obama is a corporate Democrat. He's still way better than Romney.

No surprise there, no one who was not deemed suitably loyal to the corporate agenda would have been allowed anywhere near the presidency.

As a corporatist, he believes absolutely and without reservation that free trade in the long run is good for the country. He believes in the free market and prefers to work with the powers that be rather than challenge them. No bankster or crooked hedge fund manager need fear seeing the inside of a jail cell on his watch unless, like Bernie Madoff, their predations are way outside the bounds of what is considered acceptable by the powers that be. As for fines levied on the likes of Chase, that's the cost of doing business, my friends.

He does part company with corporate America in his call for raising taxes on the rich. This has earned him their hatred. Of course it's all for show because in the end the Republicans will make sure that the tax man never comes near the hoarded wealth of the superrich.

I think he does seem to want to do something about income inequality but his allegiance to free trade will not allow him to do much to change anything. If he did announce his opposition to TPP I imagine that the reaction in the corporate media would be devastating. Likewise I expect he'll end up supporting Keystone--there's money to be made and we might as well be the ones to make it. He'd probably administer it better than a Republican would but I think it's a done deal.

All that being said, God help us if Romney had been elected. I suppose you could make the argument that Romney could never get TPP passed just like it took Bill Clinton to get NAFTA through but Republicans tax cuts and spending on war have deeply damaged this country.