They will keep Bernanke because he knows too much. They are stuck with all of
them. There is almost nothing we can do except to stare into the abyss. I can hear
the Republican election campaign talking points already. We bet our futures on
Obama and we are going to lose. The American People deserve better.

The Obama administration thinks their actions can be obscured by using populist rhetoric now and then.  They think Americans will fall for it.

You mean he’s a tool?  Or, as Daniel Ellsberg has put it, “a con man.”

Obama is going to keep Bernanke, Summers, Geithner, et al - doubling down
on losing bets. He has committed all the tax money plus all the deficit
spending he has to the health insurance industry, big pharma, the military-
mercenarie complex, financial industry and banks. Obama has nothing left for
the middle class and his decisions are to blame. Yes, Obama inherited a mess
and voters could forgive that. But Obama’s decisions about how to deal with
the messes have proved to be disastrous, making a bad situation worse and
diminishing his and the nation’s options.

Kill health care non-reform, get the troops out of Afghanistan, reinstitute
Glass-Steagal, pass progressive tax reform, tax financial transactions, and put
people to work.

The Democrats are too used to playing games and not used to doing anything
to help the people; my bet is none of these things will pass and they will all go
down in November.

To me, that is the sad passing of the FDR / LBJ Democratic Party. The
resurrection of the ghost (or decayed remains) of Reagan will beat the decayed
remains of the Democratic Party. Unless the Democrats can find their soul, they
are the walking dead.

Why has the transfer of wealth accelerated under Obama? These are the key
questions to ask and the factual answers.

Who are Obama’s ‘constituencies’? Follow the decisions , find Obama’s
constituencies, see where the money has gone and how voters and middle
class were left holding the deficit bag.

1. Decision - Ignore previous Republican crimes, misdemeanors and profligacy
– tax cuts for the wealthy: Constituencies - Republican voters and Republican
Senators and Representatives he hoped would become ‘bi-partisan’.
2. Decision - Support a stingy stimulus that was half of what was needed and
included one-thirds tax breaks, increasing the deficit and further reducing the
stimulus to one-third of what was needed: Constituencies – Wealthy investors,
special interests.
?3. Decision - Kill the only option that would have slowed the cost of health
care & led to universal coverage – $ 753 Billions : Constituencies - Health
insurance and pharmacy industries.
?4. Decision - Accelerate the Bush bailout, $ 4.3 Trillions in bailouts,
guarantees and purchasing assets from the private sector at well above market
value: Constituency - Financial industry and banks.
?5. Decision - Escalate a meaningless and fruitless war, $600 Billions:
Constituencies - military and corporate mercenaries.
?6. Decision - Gut real financial reform and substitute finger wagging and silly
taxes and fees, while banking fees continue up, lending freezes and credit
tightens - $UNK Billions: Constituencies - financial industry and the wealthy.
?7. Decision - Not help people with bankruptcy and mortgages remediation –
accelerating middle class decline: Constituencies - financial industry, banks
and wealthy.
and ?
8. Decision - Fiddle around and not pass a jobs bill – accelerating middle class
decline (Already spent to much money, cut taxes and increased the deficit – so,
sorry, no money for the middle class and American voters): Constituencies:
Wealthy and Republicans.

Obama’s constituencies are the health insurance and pharmacy industry,
military-mercenary complex, the financial industry and banks, and the
wealthy.

Obama’s policies have continued to transfer America’s wealth from middle
class families to corporations and the wealthy.

Why has Obama lost the support of the voters? Based on the decisions Obama
has made, these appear to be the reasons for the lose:

1.  Republicans are better off with real Republicans, hence support Republican
voters is all but gone;
2.  Independents, who wanted change, see the status quo protected and
coddled, hence Independents have retreated from support for Obama and the
Dems;
3.  Democrats see a so-called Democratic White House and so-called
Democratic Congress working to continue and accelerate the transfer of wealth
from the middle class to the wealthy, hence they have no reason to support the
Obama and his allies in Congress. ??

Obama has made decisions that have hurt most Americans, and, he is either:
1. Oblivious to them,
2. Doesn’t care,
3. Surrounded himself with advisors who are up to their eyeballs in the status
quo and persuade him to subsidize it with tax money and deficit spending,
4. Erroneously assumed the military-mercenary, health insurance-
pharmaceutical, financial-banking industries and wealthy constituencies would
remain loyal and rescue him from troubles.

It is not difficult to understand why Obama’s ratings and his ‘agenda’ have been
rejected and Democrats no longer enjoy the support of the majority of voters.