There is no reason for the Democratic Party to exist.
– Jimmy Dore
I’ve been surprised by the number of people who lived in total denial about who Barack Obama actually was throughout his entire administration, suddenly pointing out the ethical and demoralizing implications of his recent decision to accept $400,000 for a speech to Wall Street firm Cantor Fitzgerald.
For myself and countless others, the writing was on the wall from virtually day one when he appointed Wall Street sycophants Timothy Geithner and Larry Summers to senior positions within his administration. Then came the polices, which were even more generous to Wall Street than any cynic could imagine. I posted countless pieces on Obama’s cronyism throughout his Presidency, constantly referring to him as an oligarch-coddling fraud, which his record unquestionably confirms.
It wasn’t just Wall Street either, although his protection and empowerment of that industry in particular was especially shameless. He coddled and elevated corporatism and cronyism in general throughout his eight years in office. As I observed in the 2015 post, Cronyism Pays – Eric “Too Big to Jail” Holder Triumphantly Returns to His Prior Corporate Law Firm Job:
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