Protect Business; Tens of Millions of Economically Suffering Regular Americans....You're On Your Own

Regular Americans struggling to keep their heads above water in this 21st century Great Depression are appalled and upset that President Obama and his administration are more concerned about placating and protecting big business and the wealthy than creating jobs for the tens of millions of jobless people. 

Like the anti-New Deal GOP, Obama doesn't believe government should create jobs----a true anti-FDR DINO.

So, instead, he's busy touting that he is targeting "excessive" business regulations


Just business as usual for a president who has spent his first term in office compromising with corporations, coddling his big money givers, and caving to the GOP.


As Lynn Parramore at New Deal 2.0 states: "So we need to focus on abuse of business after the worst financial crash since the Great Depression? Really? My god, those banks and their record-breaking profits! How they suffer! Overall, it seems that Obama is trying to score points from what he suggests is a long-suffering business community. That is not the message that the American people — a quarter of whom are out of a job, underwater with their house, or behind on their mortgage — deserve to hear.

"Never mind that it was the UNregulated financial sector that threw millions out of work in the Great Recession. In the Alice-in-Wonderland world of free market mythology, people lost their jobs because the darned government just wouldn’t stop abusing big business."


And speaking of inside Washington Alice-in-Wonderland, Digby writes: {White House stenographer, Richard} "Wolffe may be a lot of things, but no one can say that he isn't very well informed about the administration's thinking.

"He went on to say that the White House will be strongly focused on better relationships with business over the next two years to ease the community's fears about regulations. Not a lot of talk about jobs or home foreclosures or the rest of the economic hardships still being felt by millions of ordinary Americans (or as Wolffe put it, their misconception that the country is still in recession.) I guess they're going to let the invisible hand take care of that."


Mr. Wolffe, other members of the media, this president and his administration, and Congress, appear to be deliberately ignorant or myopic when it comes to the economic inequalities and suffering of tens of millions of Americans edging towards poverty thanks to government inaction or very diluted, ineffective, going through the motions programs.

Joshua Holland writes at AlterNet: "This is what a broken economic model looks like: record profits for corporate America, Wall Street paying out fat bonuses to its execs and the wealthy doing well enough to create a surge in demand for luxury items, while most of the rest of us struggle just to make ends meet in a devastated economic landscape.

"You've no doubt heard about the unemployment numbers and the alarming number of Americans losing their homes, but a series of reports that paint a stunningly vivid picture of the human toll of the meltdown – the intense pain felt by the unemployed, the under-employed and the working poor – have gotten less play, in large part because while most of the U.S. remains in the grip of what appears to be a Second Great Depression, the political and media establishment largely ignores -- or at least underplays – the economic catastrophe a huge number of families are experiencing.

"What many don't understand about the grim reality of the American labor market is that its impact on workers who have faced extended unemployment can reverberate for decades – long after the economy has recovered.....

"Those holding onto their jobs aren't doing that well, either. According to the same study, almost four in 10 say the recession has had a “major” impact on their lives, a majority characterize their personal financial situation as “fair” or “poor,” and almost six in 10 have taken on debt to get by."

Maybe Mr. Fish hit the nail on the head:

A Cartoon

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