Why Obama Is Failing
by Robert Parry
A year ago, as Barack Obama was assembling his administration, he was at a crossroads with two paths going off in very different directions: one would have led to a populist challenge to the Washington/New York political-economic establishments; the other called for collaboration and cajoling.
Faced with a dire financial crisis and two foreign wars – not to mention a host of long-festering problems like health care, the environment, debt and de-industrialization – Obama’s choice was not an easy one.
If he took the populist route and further panicked the financial markets, the nation and the world might have plunged into a new Depression with massive unemployment.
There were also political dangers if he chose the populist path. The national news media rests almost entirely in the hands of corporate “centrists” and right-wing ideologues, who would have framed the issues in the most negative way, blaming the “radical” Obama for “wealth destroying.”