You have to wonder about the vitriolic regard in which
President Obama is held by big business.
After
all, the man bailed out Wall Street with the Troubled Asset Relief Program when
the financial services sector almost wrecked the whole economic system. Toss in
the fact that he went to bat for the now thriving American car industry when
many said it should be abandoned and you’d imagine the captains and the kings
would be nominating him for capitalist canonization.
Stock
prices are at, or near, an all time high, as are corporate profits and upper management
remuneration. Productivity is just humming along now that fewer employees are
doing more work for the same paychecks.
Large
companies are sitting on mountains of cash with no requirement, or incentive,
to reinvest in job training; besides which, they can park foreign profits
outside the country until the cows come home without threat of taxation.
The
Dodd-Frank Consumer Protection Act has been, at most, a minor irritant and has
done little to prevent Wall Street cowboys from once again riding the financial
range. With Hillary Clinton waiting in the wings for coronation, a real
reformer like Elizabeth Warren will have to wait at least another six years to
make a run for the roses.
So
what exactly is the problem with Barack Obama? Could it be race? It’s hard to
imagine given that the US boasts a remarkably integrated society. Turn on your
TV – look at sports, entertainment, even weather forecasting, African-Americans
are well represented – at least on the surface.
But
recently while talking to a middle-aged, well-to-do, white gentleman the
subject of the president arose. After suffering through the standard, “He’s out
to turn the country into goddamn Cuba” diatribe, the real reason for his
distaste emerged: “I hate the way he lectures me.”
That
statement left me perplexed. Does Barack Obama lecture more than his
predecessors? If anything he’s quite cautious in his pronouncements, and
logical to an extreme.
Perhaps the gentleman preferred the
“bomb ‘em first, talk later” credo of President Bush or “explain to them until
they’re blue in the face then they’ll leave you the hell alone” stratagem of
President Clinton.
Or could it be that he just doesn’t
like a black man running the show?
I
realize that this is not exactly a comfortable suggestion; but cut me some
slack I’ve been laboring for a couple of years on a musical about the
intricacies of race during the New York City Draft Riots of 1863.
Race
was a tortuous subject back then and it’s lost none of its capacity to engage,
embarrass and annoy; and yet it’s safe to say that, for the most part, the US does its best to deal
fairly with this extremely complex issue.
After
all, we did elect a black president and we’ve largely gone about
our business paying him the normal amount of heed or lack of attention that we
devote to any politician. I believe that’s because Barack Obama is no 50 Cent or Mike Tyson; rather he’s a paid up member of the Ivy League clique that
perennially rules the country.
And
yet, there’s a resistance to this moderate, cautious man that seems to go far
beyond normal ideological differences. Perhaps, it’s an unease with the history
of the country – for there’s no denying that some of the Founding Fathers were
slave owners, while the first union of states could only be achieved by putting
the moral issue of slavery on the long finger.
Or
could it be that the resistance to Barack Obama is merely symptomatic of the
discomfort that follows a barrier being broken – as happened with the election
of Jack Kennedy, the first Catholic president.
Despite
any beefs I might have with this black president over his caution and
pragmatism, I recognize that he’s still a symbol of the greatness of the
country; moreover, he’s an inspiration to all races, classes and creeds, that
if you dream big and work hard enough you or your children could one day become
president too.
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