Credit Writedowns ponders whether Obama is a “sellout, bamboozler, or ingÃ©nue,” and decides Obama is a corporatist. Not that it makes much difference because the outcome is the same.
The evidence, therefore, tends to demonstrate that we have witnessed an orchestrated campaign by the Bush and Obama Administrations to recapitalize too big to fail institutions by hook or by crook, bypassing Congressional approval if necessary. And when it comes to healthcare, both Congress and the White House have bent over backwards to keep the lobbyists onside. As I see it, our government has favored special interests in the past year of Obama’s tenure to our detriment.
I don’t buy the line that Obama is a liberal. I consider him more a corporatist (i.e someone who coddles big business.