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Discuss: Barack Obama is a Liberal Republican

Posted By Barry Ritholtz On January 3, 2013 @ 7:00 pm In Current Affairs,Philosophy,Politics | Comments Disabled

I have been having fun mocking friends and family on both sides of the political aisle.  GOP colleagues who keep telling me BHO is a Socialist, while Dems think he is the next JFK.

I enjoy disabusing them of their political biases by explaining to them Barack Obama’s actual politics.

Politically, he is a modern day Richard Nixon. I don’t mean the Watergate, thing, I mean his budgets, policies and relations with the two parties.

Sure, he is Pro-Choice, and is also pro Gay Marriage rights. But look at his actual track record:

• He extended Bush TARP;

• Like W, he refused to prosecute banks;

• He made 98% of the Bush cuts permanent;

• When Unions were under attack by various GOP governors, he mostly stayed silent.

• Oh, and he forced GM into prepackaged bankruptcy;

• His healthcare plan was a national version of RomneyCare, created by a conservative GOP ThinkTank;

• He continues to engage in a long distance war that he promised to end

• He was willing to throw Social Security under the bus at a moment’s notice

• His stimulus plan consisted mostly of temporary tax cuts and unemployment benefit extensions, not true Keynesian stimulus (infrastructure, defense, etc.)

• He keeps trying desperately to cut a deal with GOP members

I am not saying any of these things are good or bad — its merely an observation.

But its hard to avoid recognizing that all of these major policies are much more GOP-like than Democrat-like things

Discuss.


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