Wednesday, June 11, 2008

OBAMA GOES TO WALLSTREET (AGAIN)

Now, are you happy?

Repeatedly I pointed out Obama's economic leanings and repeatedly I was accused f being pro-Clinton or worse, repeating Republican talking points (more on that later).
Now Barakamaniacs will excuse him with the rationale that he is running to the center 'just to win'. If anyone had cared to look further-- and be less afraid that Clinton would LOSE the election-- they could have seen Barak's economic leanings from a variety of sources and none too distant as this last spring from Mother Jones News.
ABC News' Teddy Davis, James Gerber, and Gregory Wallace Report: Sen. Barack Obama, D-Ill., underscored his affinity with Democratic centrists this week when he tapped Jason Furman, who worked closely with former Treasury Secretary Robert Rubin, to be his director of economic policy.

But the selection is now drawing criticism from some on the left who are wondering if the presumptive Democratic nominee will challenge corporate power and make good on his promise to renegotiate the North American Free Trade Agreement (NAFTA).

"When people see someone like Barack Obama promise change and then see that same person make their first move the hiring of a Wall Street economic team, that’s what sows disengagement and cynicism in the public,” said David Sirota, a one-time backer of former Sen. John Edwards, D-N.C., who is the author of “The Uprising: An Unauthorized Tour of the Populist Revolt Scaring Wall Street and Washington."

Furman comes to the Obama campaign from the Brookings Institution where he headed the Hamilton Project, an economic policy research group which was founded by Rubin. Furman is the author of a Center for American Progress report which argues that some efforts to pressure Wal-Mart have ended up undermining low-income consumers. He also has backed a reduction in the corporate tax rate that would be financed by increasing the number of firms covered by the tax.

Before the presidential race got underway, Obama spoke at the Hamilton Project's 2006 launch and praised its leaders for taking on "entrenched interests" while serving in the Clinton administration and for being willing to "experiment with policies that weren’t necessarily partisan or ideological."

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