Thursday, July 15, 2010
The Fall of Barack Obama- and why there can be no ‘good’ US President.
Highly trained tool and die workers, the aristocrats of the manufacturing sector, are flipping hamburgers – at best – for $7.50 an hour because US corporations sent their jobs to Guangzhou, with the approval of politicians flush with the money of the "free trade" lobby.
It is not Obama's fault that across 30 years more and more money has floated up to the apex of the social pyramid till America is heading back to where it was in the 1880s, a nation of tramps and millionaires. It's not his fault that every tax break, every regulation, every judicial decision tilts towards business and the rich. That was the neo-liberal America conjured into malign vitality back in the mid 1970s.
You can read the rest of Alexander Cockburn’s excellent piece on how it all went wrong for Obama- and why there can be no ‘good’ US President, here.