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      Week-end Wrap – Political Economy – March 19, 2023 by Tony Wikrent   Global power shift China Leads A Successful Middle East Summit Ian Welsh, March 16, 2023 Something which has slipped past most people’s radar is that China recently acted as the intermediary for peace talks between Iran and Saudi Arabia. The two countries have been at each other’s throats f […]
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But you already knew that

crocusesMy new house, and some other stuff, has been consuming all of my attention lately.  You really feel the price of gas when you have to make long and/or repetitive trips.  The good news is that work is getting done on the new house.  I was there last Saturday, the birds were a-chirpin’ and the crocuses were a-bloomin’ and from my front porch, I can see for miles and miles almost down to the Allegheny River.

Anyway.

I followed some links from this post at Corrente to a James K. Galbraith piece at a German site that spells it out for the terminally slow (or in this case, the Europeans) out there in case they didn’t pick up on it during the 2008 election.  Galbraith boils down my five years of panic and alarm ringing succinctly:

Obama is no progressive


The debt deal will make things clear. The President is not a progressive – he is not what Americans still call a “liberal.” He is a willful player in an epic drama of faux-politics, an operative for the money power, whose job is to neutralize the left with fear and distraction and then to pivot rightward and deliver a conservative result.

What Barack Obama got from the debt deal was exactly what his sponsors have wanted: a long-term lock-in of domestic spending cuts, and a path toward severe cuts in the core New Deal and Great Society insurance programs – Social Security, Medicare and Medicaid. And, of course, no tax increases at all.

To see the arc of political strategy, recall that from the beginning Obama handed economic policy to retainers recruited from the stables of Robert Rubin. From the beginning, he touted “fiscal responsibility” and played up the (economically non-existent) “problem” of the budget deficit. From the beginning his team sabotaged economic recovery with optimistic forecasts and inadequate programs – in the clear interest of protecting the banking system from reform.

[…]

For European observers, one key to understanding how such things can happen in America is to remember that our presidencies are short. The professors who joined Obama for his opening act have already gone home. The advisers who remain face dreary futures in think-tanks funded by the likes of Michael Milken, our premier financial ex-felon.

Maybe, if they are especially loyal to their true masters, then like the former budget director Peter Orszag they can go to work for a bank. This surely accounts in part for their present actions.

And the President too is a young man. Unlike say Lyndon B. Johnson or Jimmy Carter, when his term ends he won’t be able simply to go home. He’ll need a big house in a gated suburb, with high walls and rich friends. And a good income, too, from book deals and lecture fees. He may be thinking about that now.

The good news is: it won’t save him. For if and when he ventures out, for the rest of his life, the eyes of all those, whose hopes he once raised will follow him. The old, the poor, the jobless, the homeless: their eyes will follow him wherever he goes.

I think that last sentence is true.  Barack Obama will go down in history as the worst president we’ve ever had, a true Sheriff of Nottingham.  Not only that but I fear he has set back the progress that African Americans have made in the past 50 years.  How ironic is that?  He’s certainly done a number on women.  But don’t fret too much for him.  I’m sure his post-presidency money will make up for that.

In the comments of that Corrente post, I found a link to this CounterPunch article that shows how the faux progressive movement works.  Once again, the author has the benefit of five years to finally put the pieces together.  Some minds work faster than others, but because we documented it in real time, people didn’t take us seriously.  Either that or the progressive meme that we were racists scared decent people away- just as it was intended to do.  From the article, The Progressive Movement is a PR Front for Rich Democrats, we get this nugget from Patrick Barrett at the University of Wisconsin:

“What gets lost in all this faux movement politics,” said Barrett,  “is any real challenge to the growing imbalance of social, political and economic power. Quite the contrary, the ultimate impact of their actions is to reproduce if not  aggravate that imbalance. What we’ve got here is a deeply symbiotic relationship between a pseudo-movement that derives its raison d’etre and financial vitality from a vilification of the right, which it has helped to create and without which it would have no reason for existence. Indeed, the more extreme the right becomes, the better it is for them, since they live off of fear-mongering. To oppose the right in a meaningful sense would put them out of business. That isn’t to say that there is nothing to be feared in the right or that some of these folks don’t think they’re fighting the good fight, but rather that the two work in tandem, much like a good-cop-bad-cop team. As the right becomes ever more extreme, this Democratic Party cum non-profit industrial complex moves further and further to the right itself, thereby giving the Republicans and their ilk ever greater leash and making it easier to frighten the “progressive” masses.”

Barrett concluded, “Lest anyone think that this is some kind of conspiracy theory, it’s important to emphasize that this is primarily a function of social and economic structures and political institutions that create a market for these sorts of pseudo-movement leaders, who will flourish if the conditions are right. That’s why we need to focus our attention on altering those conditions, something these people have little or no interest in doing.”

If anyone has spent the last five years wondering what happened to DailyKos, Josh Marshall and Digby, there’s your answer right there.  And if you’re wondering what happened to all the liberals in the Democratic party, well, we’re still in exile.