Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

Obama Can't Say "No" to the Rich
14 Jul 2010
🖨️ Print Article

 Black Agenda Radio commentary by Glen Ford

Having transferred trillions of public treasure for the sake of Wall Street's health, Obama now picks up where George Bush left off on Social Security. Obama's deficit commission is pre-programmed to assault the last vestiges of the social safety net. The president "is the right wing's most potent weapon, the one before which liberal Democrats throw up their hands in surrender without the dignity of a fight."
 
Obama Can't Say "No" to the Rich
A Black Agenda Radio commentary by Glen Ford
"Once Wall Street was on its feet, Social Security would be back in the crosshairs."
Before Barack Obama had even taken the oath of office, in January of 2009, he promised to put all of the so-called "entitlement" programs "on the table," for cutting. There was no reason to doubt that Obama really planned to go after Social Security, Medicare and Medicaid and other programs despised by the rich. After all, he had just been elected to a four-year term in a landslide and was, therefore, as secure as any politician can be. Obama was telling everyone who cared to listen that he was would certainly not stand in the way of gutting what's left of the American social safety net. Rather, Obama was telling Big Business that he agreed with them, that the poor and the elderly were sucking up too much of the nation's wealth, and there must be a day of reckoning.
The new president immediately started the clock ticking on Social Security and other entitlements by scheduling a so-called "deficit summit" for later in 2009. But it was not yet the time for a full-court-press on poor and elderly people's programs. First, Obama needed to shore up the finances of the Wall Street bankers that were among his earliest and most generous supporters. The bank bailout was priority number one, to be followed by a farcical health care bill designed to funnel trillions to the insurance and drug industries. A frontal attack on Social Security would have to wait a year or so. It would not do for Obama to join with Republicans in stealing from the old and the poor at the exact same moment they were bailing out the filthy rich. But, once Wall Street was on its feet, Social Security would be back in the crosshairs.
"Obama's so-called 'deficit commission' is stacked with rich sociopaths sharpening their knives to carve up, sell off or otherwise doom Social Security."
Nancy Pelosi, the Democratic Speaker of the House who was once the co-chair of the Progressive Caucus, pretended back in January of 2009 that she hadn't heard Obama when he said "everything" was "on the table" for cutting - except, of course, the military, which is immune no matter how high the deficit. "The only thing we didn't want to put on the table," she said, "is eliminating Social Security, Medicare and Medicaid."
In April of this year, Obama once again reminded everyone that everything is and has always been "on the table," as far as he's concerned, including Social Security. His so-called "deficit commission" is stacked with rich sociopaths sharpening their knives to carve up, sell off or otherwise doom Social Security. It is a battle that safety net defenders thought they had won against George Bush. Barack Obama has picked up Bush's marbles and put them back into play. He is the right wing's most potent weapon, the one before which liberal Democrats throw up their hands in surrender without the dignity of a fight. Obama, working in plain sight over the past 18 months, has constructed and rigged a deficit commission to render a kind of death sentence to the foundational program of Roosevelt's New Deal.
Obama will pretend that circumstances and Republicans are forcing him to call for austerity. But that's a lie; he came in singing the GOP's song, and is behaving precisely as one would expect from a center-right administration. Obama is in his ideal element, constantly saying "yes" to the Party of "no."
For Black Agenda Radio, I'm Glen Ford. On the web, go to www.BlackAgendaReport.com.
BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.

More Stories


  • Socialist Movement of Ghana , Dhoruba bin-Wahad
    Statement of Condemnation of the Plan to Have Emmanuel Macron Deliver a Keynote Address on Reparations in Ghana
    10 Jun 2026
    The Socialist Movement of Ghana declared its strong opposition to their government's invitation to French president Emmanuel Macron to speak at a conference on reparations.
  • Carlos Martinez
    Siege Socialism or Barbarism: Why We Must Stand with Cuba
    10 Jun 2026
    Cuba’s achievements in the face of a criminal blockade are astounding, but the island’s future if the United States succeeds in crushing it looks bleak.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Report June 5, 2026
    05 Jun 2026
    In this week’s segment, we discuss the US effort to control the world’s oil and gas supplies in Venezuela, Iran, and other nations, and to disrupt and steal supplies going to and from Russia and Ch
  • Boycott FIFA
    Black Agenda Radio with Margaret Kimberley , ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    "Move the Games": Take the FIFA World Cup Out of the U.S. and Boycott the Host Country Itself
    05 Jun 2026
    Ajamu Baraka is a Black Agenda Report contributing editor and Director of the North-South Project for People(s)-Centered Human Rights. The North-South Project is among the organizations calling for…
  • Map
    Black Agenda Radio with Margaret Kimberley , Richard Medhurst
    Iran, Venezuela, Ukraine, Greenland, and the U.S. Heist of the World's Oil and Gas Supply
    05 Jun 2026
    Richard Medhurst discusses his latest investigative reporting, “The Petrogas-Dollar: The Secret US Strategy Behind the Iran War," an analysis of the latest iteration of U.S. hegemony. The U.S. is…
  • Load More
Subscribe
connect with us
about us
contact us