this post was submitted on 18 Apr 2024
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Clinton repealled the Glass-Steagal act, which led to the 2008 crash, Obama's unconditional bailouts of financial institutions and ultra-low interest rates and subsequent hyperfinancialization of the Economy, the current house prices bubbles, an explosion in inequality, and an even further collapse of social mobility in the US.
To say that he doubled-down on Reagan's work is an underestimation.
Sure, it's all a bit obscure for those who weren't in Finance during the period around 2008, but that doesn't make it any less so.
(And lets not forget his wife's later "got paid million dollar for a speech to a room full of financiers" that helped her loose to none other than Donald Trump)
The idea that almost all those Democrats in that list didn't do "More money for the rich" is hilarious.
Also as an European in a country with a National Health Service, celebrating Obama's version of "Universal Healthcare" is "you're fucking kidding me"-level insulting.
That stuff is some Narnia-level Eyes Hard Closed level of tribalist self-delusion.
That's a giant load of revisionist history
The alternative explanation is that you're a commited member of this specific political tribe and just have to defended those you see as your chiefs no matter what, even if lacking an actual argument.
This alternative explanation perfectly explains the absence of even a shred of an actual counter argument in your post.
Obama's unconditional bailouts? You mean TARP? The thing signed by GW Bush 3 months before Obama's inauguration? Seems like maybe you got some of them there obscurity issues you were going on about.
I was right in the middle of the Investment Banking Industry back at the time and paid close attention to all the details about how the entire thing was conducted and the kind of market interventions going on, rather than just eat up the high level bullshit fed to pre-convinced members of that specific political tribe who don't know how the business works ...
I actually had a pretty good opinion of Obama up until I saw who he put there conduction the bailouts, how they were conducted, how the pain was distributed, how the market was intervened in and which economic strata were saved with whose money.
TARP doesn't even amount to a tip of an iceberg.