Obama vs. Liberal/Left Progressives

As some left/progressives predicted months ago, Obama is going to side with Republicans and go after the liberal/left on tax cuts and the deficit. The OBAMA deficit commission laid the groundwork for the coming austerity (cuts in social programs, Social Security, etc.) and the Obama-McConnell tax cuts will now be used to force cuts. Obama is pushing the Bush policies he ran against!


Obama Caves on Tax Cuts for the Wealthy, Capitulating to Bush-McCain

Bernie Sanders on Tax Cut:  GOP Wants to Grow National Debt, then Slash Social Security

Saving Progressivism from Obama

Corporate Profits Soar, Unemployment Soars

Corporate America Has Best Quarter in U.S. History, as Unemployment Soars

The Tea Party right-wing claims Obama is anti-business, socialist, etc.  despite the fact that Obama's pro-corporate policies, including bailing out failing banks, tax cuts, etc., has allowed corporate profits to soar, while unemployment continues to soar and wages are stagnant:

Even amid the most turbulent economic conditions since the Great Depression, US corporate profits are at an all time high, according to a Tuesday report [PDF link] by the US Bureau of Economic Analysis.

At the same time, America's poor and middle classes are under siege, with a mostly stagnant job market that has shown only marginal signs of improvement.

In spite of meager growth in some sectors, the real unemployment rate remains high, at approximately 1 in 5 Americans.

Yet for seven fiscal quarters running -- since President Obama's election -- American corporate profits have shown strong growth.

According to a New York Times analysis, Q3 2010 saw the largest corporate profits in recorded US history, at $1.66 trillion

More Private Sector Jobs Created in 2010 than Entire Bush Years

It's Official, More Private Sector Jobs Created in 2010 than the Entire Bush Years