There is no doubt that this string of losses is a rebuke to Obama. The new president's popularity is low compared to that of his predecessors. He barely tops Carter and comparisons with Carter are sure to follow. Unfortunately a lot of it is of his own doing.
The keys to defeat lie in the unrealistic expectations that were only topped by the even more unrealistically high fundraising. Both are coming home to roost.
I agree with Krugman at the NY Times that Obama made serious mistakes. The stimulus was too small and it did not reach the intended beneficiaries. The bankers got bailed out without so much as a slap on the wrist, while middle class families are losing their homes, their retirement, and their savings. It is obvious Obama is in bed with Wall Street. I pointed this out before and predicted it would cause major problems.
I also agree with the Rutten at the LA Times that the administration did not do a good job explaining healthcare. While it addresses the 30 million uninsured, it appears to offer little or nothing to the 270 million who have insurance. All they can see is more deficits that they know they will have to pay for. Never mind that their coverage could lapse, that they might be bumped when they need it, or that they will find out it does not cover their expenses. For now it appears to them that things are OK.
But Rutten goes further. He points to the anger that he says is due to the fact that American middle class families are worse off than their parents. Some of that may be a factor. The American economy is not so much a wealth creator as it is a wealth shifter. It has shifted massive amounts of wealth from the poor and the middle class into the hands of the few. In doing so it has bankrupted over half the population. The shifting is running out of resources to shift.
Everything was done by deceptive means. US style capitalism appeals to people's worst behaviors such as greed, lust, pride, envy and gluttony while making fun of altruism, cooperation, and moderation. It pits people against their friends and neighbors. It uses fear and anger and preys on feelings of inadequacy and inferiority. It relies on illegal immigrants and workers on job-related visas that have no bargaining power and can be used to undercut the wages those who seek a decent living. It uses layoffs to boost quarterly earnings, and promote job-insecurity in workers.
It has promoted women, not because it believes in feminism, but because additional lower paid workers helped create an environment that is aversive to organizing, unionizing, and bargaining power. It also helped create a false sense of wealth and that drove more consumption.
It uses open markets and tax payer subsidized oil to bring in items from abroad, where labor laws are lax and environmental issues of no concern. It treats many parts of the world as colonies to be stripped of resources and valuables.
Furthermore, the unfortunate situation is leading to a country that is becoming ungovernable. The State of California has already reached that impasse. Soon the nation will follow. Like Rome before it, the American republic may soon become a dictatorship or go down in anarchy.
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