The dems are in a weird place because they have to both give lip service to their base while also doing the exact opposite.
The alternative to bailing out the banks is bailing out the people who had money in the banks. I'm mad they got away with their crimes then and I'm mad again that Biden saved Silicon Valley Bank. The execs should have gone to jail or worse and instead they got a cool trillion dollars.
Certainly Obama didn't give in to any of OWS's demands. The income gap got wider under his presidency too. The rich kept getting richer. And money sure didn't get out of politics. I'm happy to blame all the dems for being corporate stooges not just Obama.
and ofc he pushed hard for the TPP- which even the senate seemed to think was too corporate.
The plan was bit for bit Romney's. Even with the public option which he floundered on it wouldn't have brought us up to Europe. And I can't think of any other accomplishments he had with his supermajority. We didn't even codify Roe. "Change" seems to be one tolerable healthcare plan over eight years. If Trump can restructure the whole government with barely a majority I'm happy to blame Obama and the rest of the feckless do do-nothing dems for changing basically nothing with a supermajority.
& The story I heard is Biden wanted to run but Obama talked him out of it because he thought Biden was too far left.
Nothing in that Wikipedia article disagrees with what I wrote.
> The alternative to bailing out the banks is bailing out the people who had money in the banks
At the scale of the 2008 financial crisis, figuring out individual investors to help recover from bad assets is going to be far more costly than simply keeping the banks solvent.
> I'm mad they got away with their crimes then and I'm mad again that Biden saved Silicon Valley Bank
That also didn't happen. SVB is gone.
> The income gap got wider under his presidency too.
> and ofc he pushed hard for the TPP- which even the senate seemed to think was too corporate.
TPP was a trade deal to increase trade between Asian countries (excluding China) and the US to reduce trade dependence between the signatory countries and China. The US negotiates provisions to ensure worker and environmental protections that these countries are not incentivized to do otherwise. Trump's withdrawal from the TPP was a disaster.
> Even with the public option which he floundered on it wouldn't have brought us up to Europe
Read the link I posted in my previous comment. Obama didn't even have the votes for a public option. Completely overhauling the medical funding system from scratch was and remains a nonstarter, both politically and logistically. A growing public option could have gradually led to a Medicare-for-All system.
> If Trump can restructure the whole government with barely a majority.
He also has the SC, which Obama never had, giving him sweeping executive power.
Idk, the Wikipedia link said he approved the patriot act including warrantless wire taps. "As of 2015 the administration's proposals have not been implemented and the NSA retains the authority to collect and store telephone record metadata"
SVB doesn't exist in name, but they sure pulled all the stops to save the day with free money (from everyone else! I don't care if its from a tax on income or the arguably more regressive tax on all bank account holders that they went with)
The companies who put their money in the bank uninsured were taking a risk and rather than face any consequence the government decided to swoop in and bail them out.
Imagine this happening to an individual who had any sort of uninsured catastrophe.
My memory of the TPP at the time was that it forced countries to extend copyright to match our draconian measures and let companies sue countries if their laws caused lost profits.
Re: inequality, & congress, he had a super majority. I read the article, it was fine? But I don't remember there being any sort of big comeuppance. Obamas financed by the same billionaires as everyone else.
For the public option they did have the votes if they were willing to get rid of the filibuster.
& if the problem was the courts, the Democrats had a way to change that but they decided not to and refused to ever even speculate about doing so.
The dems are in a weird place because they have to both give lip service to their base while also doing the exact opposite.
The alternative to bailing out the banks is bailing out the people who had money in the banks. I'm mad they got away with their crimes then and I'm mad again that Biden saved Silicon Valley Bank. The execs should have gone to jail or worse and instead they got a cool trillion dollars.
Certainly Obama didn't give in to any of OWS's demands. The income gap got wider under his presidency too. The rich kept getting richer. And money sure didn't get out of politics. I'm happy to blame all the dems for being corporate stooges not just Obama.
and ofc he pushed hard for the TPP- which even the senate seemed to think was too corporate.
The plan was bit for bit Romney's. Even with the public option which he floundered on it wouldn't have brought us up to Europe. And I can't think of any other accomplishments he had with his supermajority. We didn't even codify Roe. "Change" seems to be one tolerable healthcare plan over eight years. If Trump can restructure the whole government with barely a majority I'm happy to blame Obama and the rest of the feckless do do-nothing dems for changing basically nothing with a supermajority.
& The story I heard is Biden wanted to run but Obama talked him out of it because he thought Biden was too far left.