You Decide. Self-Examination
Necessary During Financial Crisis.
Barack Obama (Photo Credit:
Picture Alliance/Photoshot)
Is U.S. President Barack Obama a friend of Wall Street, which is the corporate sector or the average American Joe, also
known as the everyday people. The
film "The Obama Deception"
labels him, "The most Wall Street president in U.S. history."
Decisions President Obama has made, such as not increasing taxes on the rich,
though the nation needs the money,
indicates he is more of a friend to the wealthy in the corporate sector,
than the average Joe trying to make it on much smaller salaries, such as
minimum wage and those in lower-middle income brackets.
Has this helped America? No. The anemic economy, with
ongoing massive job losses, millions of people giving up on finding work
after trying for a significant period of time,
foreclosures and bank failures, indicate it has not worked. President
Obama has not had success in restoring the economy to its former glory,
which is not impossible, as other nations are making strong strides even
in these tough economic times.
Former
Presidents, Ronald Reagan and Bill Clinton, understood it was wise to keep a safe
distance from Wall Street, only providing a supporting role and
different degrees of regulation, lest they get swept up in a world of
constantly issuing favors for the ingratiating rich, while the poor pay the price. It's a lesson President Obama would
do well to observe and it is a shame he did not do so from year one of
his presidency.
