Why Obama Is Beginning To Look Like A Typical Chop Shop Broker/Penny Stock Promoter
Posted by Timothy Sykes on Tue 9th of Dec, 2008 07:18:11 AM
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Pretty amazing article Yahoo! has on Obama…
I’m not the biggest politico in the world–read one of the smallest–but when I read stuff like that, I become very interested because it appears Obama is making some very Republican-esque choices and that’s not what he promised going in.
Says the article:
Liberals are growing increasingly nervous – and some just flat-out angry – that President-elect Barack Obama seems to be stiffing them on Cabinet jobs and policy choices.
Obama has reversed pledges to immediately repeal tax cuts for the wealthy and take on Big Oil. He’s hedged his call for a quick drawdown in Iraq. And he’s stocking his White House with anything but stalwarts of the left.
Now some are shedding a reluctance to puncture the liberal euphoria at being rid of President George W. Bush to say, in effect, that the new boss looks like the old boss.
It continues….
Obama drew rousing applause at campaign events when he vowed to tax the windfall profits of oil companies. As president-elect, Obama says he won’t enact the tax.
Obama’s pledge to repeal the Bush tax cuts and redistribute that money to the middle class made him a hero among Democrats who said the cuts favored the wealthy. But now he’s struck a more cautious stance on rolling back tax cuts for people making over $250,000 a year, signaling he’ll merely let them expire as scheduled at the end of 2010.
Obama’s post-election rhetoric on Iraq and choices for national security team have some liberal Democrats even more perplexed. As a candidate, Obama defined and separated himself from his challengers by highlighting his opposition to the war in Iraq from the start. He promised to begin to end the war on his first day in office.
Now Obama’s says that on his first day in office he will begin to “design a plan for a responsible drawdown,” as he told NBC’s “Meet the Press” Sunday. Obama has also filled his national security positions with supporters of the Iraq war: Sen. Hillary Clinton, who voted to authorize force in Iraq, as his secretary of state; and President George W. Bush’s defense secretary, Robert Gates, continuing in the same role.
So basically it was all rhetoric that got him elected…a typical financial BS move popularized by thousands upon thousands of snake-oil-dishing brokers and penny stock promoters.
OBviously, it’s too soon to tell if its really as bad as the author of that article makes it out to be, but it is rather disheartening…
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