Obama and the Revival of Wall Street CounterPunch

Obama and the Revival of Wall Street CounterPunch

Ahead of the upcoming mid-term elections there is an argument being put forward by Democrat apologists that President Barack Obama’s resuscitation of Wall Street at public expense and his wholly inadequate ACA (Affordable Care Act) are policy successes worthy of political support. The base tactic is to set up false choices and then argue that Mr. Obama chose among the better of the available alternatives. His unconditional resurrection of Wall Street is posed against an inevitable second Great Depression when the choice was between reviving the existing system of suicide finance or reining it in to serve a public purpose. And the problem in need of solving with the American health care system is a lack of access to health care for a substantial portion of the population. Increasing the intrusion of the insurance industry into the U.S. health care system, as the ACA does, builds an even higher wall between people and access to health care. http://www.counterpunch.org/2014/08/08/obama-and-the-revival-of-wall-street/