Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Has Obama Become Bush II?

Politics / US Politics Jan 21, 2010 - 05:14 AM GMT

By: Danny_Schechter

Politics

Best Financial Markets Analysis ArticleBarack Obama's election seemed an anomaly, but clearly it was disgust with his predecessor that drove him from obscurity to the presidency.

Obama's "outside-inside" strategy inspired millions of new voters. He organised, rallied new voters, used social networks and invoked change orientated slogans with more symbolism than substance.


But once in office, the office took over, co-opting his populist inclinations and burying his grass roots movement in a miasma of paralysing pragmatic centrism rationalised as the 'politics of the possible'.

Supporters became recipients of emails, not potential activists to lobby for his agenda. He allowed his "army" to dissipate while he moved into using the Oval Office as a bully pulpit. His followers were demobilised as he gave speech after speech.

Obama realised that the Bush era had not ended in the bureaucracies or in the media and halls of congress. To undercut its lingering impact, he moved right possibly to later move left.

He embraced some of Bush's tough-guy national security boilerplate. He got along with Pentagon power by going along. Compromise began to become his mantra. 

Miniscule reforms were presented as great victories. Withdrawal from Iraq was delayed as was the closing of Guantanamo. He seemed to be on a short leash as the real power brokers checked and check mated initiatives.

Had he become a Bush II? Many think so. Was he selling out or buying in?

Ross Douthat argues in the New York Times that Obama is a knee-jerk liberal who believes in working within institutions for change.

According to Douthat, "that makes him ... an odd bird who seems a Machiavellian willing to cut any deal juxtaposed with the soaring rhetoric of fairly ideological big government liberalism".

The problem with institutions is that they rarely change without media scandals or outside pressure.

People power versus polemics

It was not that Obama owed anything to 'the left' once his radical preacher Rev Wright and one time buddy Bill Ayers had became albatrosses.

He was now trying to appear non-partisan and non-ideological, but progressives read into his victory much more than was ever possible to achieve, much more than even he pledged.

He took the liberals for granted with lip service, not major policy shifts.

As the blogosphere blathered and the unions splintered, there was very little leverage or organising underway to reach out to his campaign activists.

As the right built people power, the left built polemics.

As his opponents - those that hated him and denied his legitimacy - seized the initiative, the Obamacrats moved into defensive bunkers keeping up appearances, one step forward, two back. They cultivated congressmen, not constituencies.

Once he realised that the most 'powerful man in the world', only had the power to propose while congress disposes; once he realised that the right not only would not play bi-partisan games and that the GOP had been taken over by the bully boys; once he realised that they would intimate their own to enforce 'discipline'; once he realised that they would not even accept the legitimacy of his election or citizenship; once he realised that to survive he needed to embrace the Pentagon's logic and the dictates of the Wall Street donors who had backed him; once he realised he was virtually alone in the Big House (yes, that is a metaphor, too, for a prison), the die was cast. He was captured, with a noisy chorus of naysayers on the right and left limiting his options.

He was trapped by the logic of his choices and the limits of his vision.

Disillusion

Which is not to say he was ever a man of the left. He told us that he would escalate the Afghan war during the campaign. He showed us where he stood on the economic collapse with his appointees like Summers, Geithner et al.

To fight off the right, he needed the centre and the media on his side.

He is by nature cautious and cunning, moving step by step, winning some battles, losing or giving up others. He knows that a president cannot pitch a perfect game. He is a perception manager, not a street fighter. For many he is a big disappointment.

For others, the question is 'did you expect Che Guevara?'

The challenge now is not to walk down memory lane but to strategise about building the future in an imperfect world.

What lessons can we learn and apply? How can the progressives reenergise an outside-in strategy, how can they/we start re-framing issues, building a base and then mobilising it? Will there be a return to the streets or more co-optation by the illusions of power in the suites?

Perhaps the disillusion now building on the left, will lead to more direct challenges to the Obama style and approach. On the other hand it could lead to fatalism and a dropping out of politics by people who were mesmerised by his charisma and naïve about how politics really works.

If that happens, the right will dominate the discourse and try to retake congress.

We have seen this before - with Lyndon Johnson forsaking butter for guns, with Bill Clinton taking refuge in the corporate centre.

The media is central to this because liberals, who have more money than conservatives, have not invested in media institutions to reach out to the mass audience. They have not rallied, for that matter, to the realisation that the US needs channels like Al Jazeera to build awareness about the larger world on television where parochialism and propaganda is rife.

So a new strategy is needed, to remake the Democratic party into something more democratic, to resist the power of big money in politics and to readopt a populist message along economic lines to champion the millions out of work before they become millions out of hope.  

News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

© 2010 Copyright Danny Schechter - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in