Friday, May 8, 2015

Obama visits Nike in Beaverton, Oregon today in order to tout his Pacific trade deal.

The President in many ways has been a true Democrat:
- His health care law in particular
- Also his executive order forbidding LGBT discrimination by government contractors... to name two major achievements.
But where Wall Street and the money interests are concerned, he is every bit as co-opted and George Bush... and Bill Clinton.

It was Clinton who signed the legislation revoking the Glass Steagall Act, which had prevented investment houses from also acting like banks and vice versa.  That deregulation was in no small measure responsible for the 2008 Great Recession.

Comes Obama and he bails out the Wall Street fat cats.  No one goes to jail, never mind how many lives they've ruined.

And now he's visiting the headquarters of one of the major users of off shore, sweat shop labor in Southeast Asia and China and elsewhere.  And to do what?  To taut yet another deal that will ship even more American jobs offshore.

When it comes to the moneyed interests, Bernie Sanders is absolutely right: there is no difference between the Dems and the GOP.

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