25 – Obama’s Failure (29 Aug 09)
The most noteworthy thing that Barack Obama has done since he became president is to put his stamp of approval on policies that at the end of the presidency of George W. Bush were considered unacceptable by a majority of the American public (and which appalled much of the world). He has thereby joined the large number of his fellow Democratic Party members who, dependent as they are on support from special interest groups, had countersigned them long ago. I am referring to the two things in particular that have gone disastrously wrong, and which Obama had been expected by his activist supporters to try to reverse: American belligerency and the unaccountable power of the crisis-creating apparatus of financial institutions. While after the November election these most undesirable aspects of American participation in the world appeared ready for repair, the trends that made them what they are have now become irreversible. Europeans and Asians ought to take note. Latin Americans have already done so. It is the most significant thing we have learned this past half year in the context of all our future.
The “give him time!” response from a multitude of those who had faith in Obama has proved to be very damaging, as it throttled