Obama rose to power as the first black president after the 2008 financial collapse. His rhetoric was music to the ears of Americans whose wages had been stagnant for 40 years. But Obama was the banks’ man through and through. Citibank itself selected the appointees for Obama’s cabinet. While Wall Street was handsomely bailed out with public funds, ordinary Americans were left to pick up the pieces of their shattered financial lives. This transfer of wealth from poor-to-rich was the polar opposite of the old New Deal strategy, which saved the economy by transferring wealth from rich-to-poor. FDR’s Democrats once flexed the muscle of a powerful working class majority. But their modern counterparts accept the same paymasters as Republicans to instead gaslight that majority out of their wealth. Like the Washington Generals, their goal is not victory. It’s putting on a credible show of opposition. “
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