by BRUCE A. DIXON
In the spirit of Bill Clinton’s 1992 “the Man From Hope” slogan, Barack Obama in 2008 declared himself the candidate of Hope and Change. So what about it? Are the real changes, if we can find them, at all what Obama voters hoped for?
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Black America’s median household wealth, compared to that of whites, has sharply declined under Barack Obama. That’s a change. Just not a good one.
This is a consequence of the foreclosure epidemic which began in 2007 and 2008 and has always been concentrated in black and poor neighborhoods. But the Obama administration has allowed the foreclosure wave to continue without any letup during its first three and a half years, rejecting demands for foreclosure moratoriums or other measures which would make it easier for large numbers of families to remain in their homes. Where the ratio of white to black household wealth four years ago was around 11 to one, today it is greater than 20 to 1.
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African Americans still make up 12 or 13% of the nation’s population, remain more than 40% of its locked down and locked up, No change there at all.
Latinos, who make up another 13%, are about 30% of the nation’s prisoners and rising, a slight change, but distinctly for the worse. So seven of every ten US prisoners are from the one quarter of the nation that is black or brown, and that percentage is rising.
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The fifty-year war on drugs continues. No change for the better at all there.
Like every president since Nixon, Barack Obama has thwarted states that wanted to decriminalize small amounts of drugs, refuses to treat drug use as a medical problem rather than a police one. Like its predecessors, the Obama administration has expanded the frontiers of the drug war into places like Mexico and Colombia, where the US demand for illegal drugs has given birth to vast industries which may be among the largest and most lucrative, and certainly the most deadly, in those countries..
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“Too big to fail” banksters and other financial criminals are still above the law. No change here either.
Not a single person responsible for crashing the economy in 2007 has seen the inside of a prison. It’s just not going to happen. Wall Street insiders give as much, and often more to Democrats than they do to Republicans. So the Obama administration has protected banks and lenders and their co-conspirators from prosecution, and shoveled more than ten trillion more at banksters, including those based outside the US, than the Bush-Cheney gang ever did.
It’s worth remembering that when Bush could not pass his own bailout bill six weeks before the 2008 election, he called Barack Obama into town to spend the week on the phone with Congressional Democrats getting them to switch their votes. So the only change here has been the party in charge.
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Although governments will create trillions of new dollars to give to banksters and borrow it back from them at interest in the name of “fixing the economy”, it still won’t create millions of jobs for the unemployed. No change:
In the 1930s, the federal government addressed the Depression by creating hundreds of thousands of jobs out of thin air. They built roads and subways, parks, recreational facilities, dams and bridges. They did theater and historical research like tracking down and interviewing the last living survivors of slavery. It was called the WPA, or Works Progress Administration, under the administration of Democrat Franklin D. Roosevelt.
The White House could do the same today, creating millions of new jobs, repairing and rebuilding infrastructure, building high speed rail, refitting millions of homes for energy efficiency. But Barack Obama disdains the heritage of his own Democratic party. He sounds more like Hoover than FDR today when he says that it’s the exclusive role of the private sector to create jobs.
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