Further revealing himself to be a weak administrator without any vision or spine, President Barack Obama appears to have caved-in to congressional conservatives demands for severe spending cuts that will harm those least able to bear the brunt of budget cuts: those dependent on Medicare and programs such as food stamps.
Congressional conservatives led by House Speaker John Boehner of Ohio see the impending debt crisis as an opportunity to secure tax cuts for their corporate owners at the expense of the nation’s poor. Obama is apparently willing to collude with them in order to get the national debt ceiling raised before an August deadline, when the U.S. will go into default on loans unless congress agrees to increase the allowed national debt.
Rather than increasing taxes on the 400 individuals who own almost 1/2 of the nation’s wealth, Republicans want to make severe spending cuts that will jeopardize the health and livelihoods of millions of poor and elderly Americans dependent of government aid and living on fixed incomes – the very people who elected Obama to office as the nation’s first black President in what many saw as a referendum on eight years of failed conservative policies.
Obama has blinked in the light of conservative resistance before on such issues as health care, seemingly more interested in quick results than substantive policy. He seems far more concerned with establishing a track record of legislative resolutions than on standing by the promises he made to voters just two years ago.
And that’s no joke.