FacebookTwitterGoogle+RedditEmail

Obama’s Father’s Day

by CARL GINSBURG

We all know the pleasure on Father’s Day of taking your kids out.  What works for my little son is an amusement park, maybe a movie, lots of fries and a shake.  (Take me out to the ballgame, alas, is no longer an option as most games run in excess of $100 for two.)

Barack Obama’s idea of Father’s Day is to lecture young minority men on the “cycle” that keeps them spiraling down.  Here are his words from last Sunday:

“Just because your own father wasn’t there for you, that’s not an excuse for you to be absent also. It’s all the more reason for you to be present.  You have an obligation to break the cycle and to learn from those mistakes, and to rise up where your own fathers fell short and to do better than they did with your own children.”

Whatever else it is, this approach dovetails nicely with a recovery project — now approaching $8 trillion in loans, stock buys and other guarantees — that provides virtually no good jobs.  It is now apparent to all that Obama’s priority in injecting capital into financial institutions means getting bank stocks up and filling up the coffers of our richest fathers.  Not that they’re broke, mind you.  Business Week reports that $9 trillion sits in this country’s private accounts.  Check your account and you can figure out how much of that is yours.

What this recovery does not include is jobs now or anytime soon. An economist at Moody’s told the Washington Post this week that he figures normal unemployment levels (4 per cent) will not be reached until 2013-14.  That’s four or five Father’s Days from now.

It is not just jobs.  Obama’s habit of offering empty promises extends to his vaunted mortgage relief effort.

On February 24, Obama offered Congress this particularly offensive promise in a nationally-televised broadcast:

“[W]e have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and re-finance their mortgages. It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values – Americans who will now be able to take advantage of the lower interest rates that this plan has already helped bring about.”

“…never hope to afford..”?  You might have thought that someone who entitled a book, Audacity of Hope might have eschewed the “h” word when referring to low-income buyers.  Brings to mind the oft-quoted example cited by Thomas Friedman about the $14 an hour California strawberry picker buying a lovely home he had no business owning.  Beautiful homes are for columnists.  Hope is for the deserving.

As with jobs policy, there is broad and growing consensus today that virtually nothing much is going to happen in the housing markets for those most in need.    A recent report cited Wells Fargo (that’s a property on Democrat Warren Buffett’s much-touted win list) for failure to even set up the appropriate department to process mortgage relief applications.  And why should they?  There is no requirement that any bank do anything– a fact underscored over and over again by Jamie Dimon, CEO of mega-bank JP Morgan-Chase.   In fact, failure to adequately protect shareholders is an SEC violation.  Both Barack Obama, and fellow Harvard Law Review alum, John Roberts, mined that bedrock in Corporations 101.

Obama lives in a world where wage/housing policy and personal responsibility do not intersect.  That’s tough going for dads who lost a job or never got paid properly for the one they have and can’t fund a day out– and for whom staying at home may not be an option, either.

Barack Obama  hired an inner circle of some of the most irresponsible dads on earth and with their aiding and abetting crafts one empty promise after another.   Now there’s a cycle.

CARL GINSBURG is a tv producer and journalist based in New York. He can be reached at carlginsburg@gmail.com

CARL GINSBURG is a tv producer and journalist based in New York. He can be reached at carlginsburg@gmail.com

More articles by:
July 27, 2016
Richard Moser
The Party’s Over
John Eskow
The Loneliness of the American Leftist
Jeffrey St. Clair
The Humiliation Games: Notes on the Democratic Convention
Arun Gupta
Bernie Sanders’ Political Revolution Splinters Apart
M. G. Piety
Smoke and Mirrors in Philadelphia
Guillermo R. Gil
A Metaphoric Short Circuit: On Michelle Obama’s Speech at the DNC
Norman Pollack
Sanders, Our Tony Blair: A Defamation of Socialism
Claire Rater, Carol Spiegel and Jim Goodman
Consumers Can Stop the Overuse of Antibiotics on Factory Farms
Guy D. Nave
Make America Great Again?
Sam Husseini
Why Sarah Silverman is a Comedienne
Dave Lindorff
No Crooked Sociopaths in the White House
Dan Bacher
The Hired Gun: Jerry Brown Snags Bruce Babbitt as New Point Man For Delta Tunnels
Peter Lee
Trumputin! And the DNC Leak(s)
David Macaray
Interns Are Exploited and Discriminated Against
Brett Warnke
Storm Clouds Over Philly
Ann Garrison
Rwanda, the Clinton Dynasty, and the Case of Dr. Léopold Munyakazi
Chris Zinda
Snakes of Deseret
July 26, 2016
Andrew Levine
Pillory Hillary Now
Kshama Sawant
A Call to Action: Walk Out from the Democratic National Convention!
Russell Mokhiber
The Rabble Rise Together Against Bernie, Barney, Elizabeth and Hillary
Jeffrey St. Clair
Don’t Cry For Me, DNC: Notes From the Democratic Convention
Angie Beeman
Why Doesn’t Middle America Trust Hillary? She Thinks She’s Better Than Us and We Know It
Paul Street
An Update on the Hate…
Fran Shor
Beyond Trump vs Clinton
Ellen Brown
Japan’s “Helicopter Money” Play: Road to Hyperinflation or Cure for Debt Deflation?
Richard W. Behan
The Banana Republic of America: Democracy Be Damned
Binoy Kampmark
Undermining Bernie Sanders: the DNC Campaign, WikiLeaks and Russia
Arun Gupta
Trickledown Revenge: the Racial Politics of Donald Trump
Sen. Bernard Sanders
What This Election is About: Speech to DNC Convention
David Swanson
DNC Now Less Popular Than Atheism
Linn Washington Jr.
‘Clintonville’ Reflects True Horror of Poverty in US
Deepak Tripathi
Britain in the Doldrums After the Brexit Vote
Louisa Willcox
Grizzly Threats: Arbitrary Lines on Political Maps
Robert J. Gould
Proactive Philanthropy: Don’t Wait, Reach Out!
Victor Grossman
Horror and Sorrow in Germany
Nyla Ali Khan
Regionalism, Ethnicity, and Trifurcation: All in the Name of National Integration
Andrew Feinberg
The Good TPP
400 US Academics
Letter to US Government Officials Concerning Recent Events in Turkey
July 25, 2016
Sharmini Peries - Michael Hudson
As the Election Turns: Trump the Anti-Neocon, Hillary the New Darling of the Neocons
Ted Rall
Hillary’s Strategy: Snub Liberal Democrats, Move Right to Nab Anti-Trump Republicans
William K. Black
Doubling Down on Wall Street: Hillary and Tim Kaine
Russell Mokhiber
Bernie Delegates Take on Bernie Sanders
Quincy Saul
Resurgent Mexico
Andy Thayer
Letter to a Bernie Activist
Patrick Cockburn
Erdogan is Strengthened by the Failed Coup, But Turkey is the Loser
FacebookTwitterGoogle+RedditEmail