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Posts Tagged ‘Obama’

Obama Signs Act Allowing Indefinite Detention of U.S. Citizens

In his last official act of business in 2011, President Barack Obama signed the National Defense Authorization Act from his vacation rental in Kailua, Hawaii. In a statement, the president said he did so with reservations about key provisions in the law — including a controversial component that would allow the military to indefinitely detain terror suspects, including American citizens arrested in the United States, without charge.

The legislation has drawn severe criticism from civil liberties groups, many Democrats, along with Republican presidential candidate Ron Paul, who called it “a slip into tyranny.” Recently two retired four-star Marine generals called on the president to veto the bill in a New York Times op-ed, deeming it “misguided and unnecessary.”

“Due process would be a thing of the past,” wrote Gens Charles C. Krulak and Joseph P. Hoar. “Current law empowers the military to detain people caught on the battlefield, but this provision would expand the battlefield to include the United States – and hand Osama bin Laden an unearned victory long after his well-earned demise.”

Obama is no FDR, We’re no Mass Movement.

It’s open season on Obama whom so many hoped would lead us out of the neo-liberal wilderness. He once was a community organizer and ought to know how working people have suffered through a generation of tax breaks for the rich, Wall Street deregulation, and unfair competition.

When the economy crashed he was in the perfect position to limit the unjustified pay levels on Wall Street and bring a crashing halt to the runaway financialization of our economy. Instead we got a multi-trillion dollar bailout for Wall Street, no health care reform, no serious financial reforms whatsoever, record unemployment, and political gridlock that’s will be with us for years to come.

Is it his fault? Or ours?

Obama has made his share of blunders. However, his statement that we “don’t begrudge” the high salaries on Wall Street because that’s part of the “free-market system” is about the dumbest thing he’s ever said. He was referring to Jamie Dimon’s $17.4 million payday, and Lloyd Blankfein’s $9 million.

But surely the President knows that at this very moment Wall Street is still receiving $10.4 trillion (not billion) in subsidies from the taxpayer — and that’s after the TARP repayments. That’s some free-market.

Dimon’s JP Morgan Chase still has a $34.3 billion subsidy, and Blankfein at Goldman Sachs is sitting on $23.9 billion of government welfare. (Many thanks to Nomi Prins for her first rate sleuthing.. ) Dimon and Blankfein would love to re-write history so that they could be portrayed as swashbuckling entrepreneurial survivors, men who avoided the bad risks that felled so many others.

But without government welfare their institutions would have gone under. They are two very lucky (and well connected) welfare recipients — lucky not to be among the 28 million Americans that go without jobs or are forced into part-time work.

We can moan all we want about Obama’s shortcomings, the mistakes his Administration has made and his inability to take on Wall Street.  But we haven’t exactly applied a lot of heat. A million people on the mall demanding “Jobs Now” along with serious Wall Street reforms might help. A million people showing up repeatedly might actually get the job done.

The free market on Wall Street is dead and has been for a long time. It’s been replaced by a billionaire bailout society that will provide decades of chronic unemployment and on-going bailouts for the super-rich. It’s a damn shame Obama can’t deal with it. It’s a bigger shame that we won’t force him too.

Obama Says Present Financial Crisis is Great Opportunity

WASHINGTON (AP) — President Barack Obama on Saturday challenged his country to see its hard times as a chance to “discover great opportunity in the midst of great crisis.”

“That is what we can do and must do today. And I am absolutely confident that is what we will do,” Obama said in his weekly radio and video address, taped a day earlier at the White House.

As the White House takes on so many huge issues at once, Obama is encouraging people to take a longer view, and not get caught up in the fits and starts. The president said in his address that the nation will continue to face difficult days in the months ahead. Still, he ended with hope.

“Yes, this is a moment of challenge for our country,” Obama said. “But we’ve experienced great trials before. And with every test, each generation has found the capacity to not only endure, but to prosper — to discover great opportunity in the midst of great crisis.”

Obama Turns Up the Heat and Slams Republican Ideals

Republican proposals are “rooted in the idea that tax cuts alone can solve all our problems, that government doesn’t have a role to play, that half measures and tinkering are somehow enough, that we can afford to ignore our most fundamental economic challenges,” the president said in an address at the Department of Energy Thursday.

“Those ideas have been tested, and they have failed.”

Obama Victory is a Monumental Moment in American History

It’s political morning again in America. Arguments over flag lapel pins, plumbers and robocalls are fading from memory, and everybody you bump into recognizes that something huge has happened with the election of Barack Obama. In the grocery line, at the post office, over coffee, we all just sense it.

“I can’t think of another election where the issues were two wars and a crashed economy. There just isn’t any historical precedent for this.” So says Joan Hoff, a former president of the Center for the Study of the Presidency in New York City.

“It’s an historic turning point … an exclamation point of major proportions to the civil rights movement that goes back to the 1950s.” That’s James McPherson, the renowned author and professor emeritus of history at Princeton University.

Brinkley, the historian who edited the private White House diaries of Ronald Reagan, agrees that Tuesday’s vote marks “the beginning of a new era” in American politics not seen since Franklin Delano Roosevelt’s New Deal in 1932, or Lyndon Johnson’s Great Society in 1964.

With Obama’s lopsided victory, and the wave that swept more Democrats into both houses of Congress, “a chapter has been closed on the Reagan era, meaning the days of rolling back the Great Society are over,” he says. “A new kind of progressivism will now be taking root.”

Barack Obama For President

The United States is battered and drifting after eight years of President Bush’s failed leadership. He is saddling his successor with two wars, a scarred global image and a government systematically stripped of its ability to protect and help its citizens — whether they are fleeing a hurricane’s floodwaters, searching for affordable health care or struggling to hold on to their homes, jobs, savings and pensions in the midst of a financial crisis that was foretold and preventable.

As tough as the times are, the selection of a new president is easy. After nearly two years of a grueling and ugly campaign, Senator Barack Obama of Illinois has proved that he is the right choice to be the 44th president of the United States.

The Economy

The American financial system is the victim of decades of Republican deregulatory and anti-tax policies. Those ideas have been proved wrong at an unfathomable price, but Mr. McCain — a self-proclaimed “foot soldier in the Reagan revolution” — is still a believer.

Mr. Obama sees that far-reaching reforms will be needed to protect Americans and American business.

Mr. McCain talks about reform a lot, but his vision is pinched. His answer to any economic question is to eliminate pork-barrel spending — about $18 billion in a $3 trillion budget — cut taxes and wait for unfettered markets to solve the problem.

Mr. Obama is clear that the nation’s tax structure must be changed to make it fairer. That means the well-off Americans who have benefited disproportionately from Mr. Bush’s tax cuts will have to pay some more. Working Americans, who have seen their standard of living fall and their children’s options narrow, will benefit. Mr. Obama wants to raise the minimum wage and tie it to inflation, restore a climate in which workers are able to organize unions if they wish and expand educational opportunities.