Join our campaign for home foreclosure defense! Our next meeting is today at 5:30pm at the stage at Coolidge Park.
We will also be providing free transportation to Atlanta September 10th to protest Fannie & Freddie and demand principal reduction! Message us for more details!
Join us September 10th in Atlanta. We will be providing free transportation!
Our demands include: -Principal Reduction for all underwater homeowners to real market value -and end to Fannie and Freddie Evictions, and the right to rent after foreclosure
-the sale of foreclosed properties to occupants and non-profits at the same discounted rate they are offering to shady investors -that they turn over vacant and abandoned properties to community controlled entities to provide long term affordable housing
Click here to read the stories of people fighting back. wearethefanniefreddie99.tumblr.com
Wall Street profits went up as a result of the financial crisis.
In 2010 pay in Wall Street rose to its highest level in history: $135 billion
The same year a record number of people aged 25 to 64 died for lack of health coverage, 2.9 million properties received foreclosure filings, and banks seized more than 1 million homes.
The top 5 US banks reported a profit of $65.4 billion; 0 bankers have gone to jail for the crimes committed during the crisis.
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For the last few years, a lot of people have expressed how much they miss President Obama, and I do miss some aspects of his personality and his presidency: an intelligent, affable, charismatic person who helped make marriage equality an acceptable idea for many, he signed the executive order for DACA. He invested significant political capital to enact the Iran nuclear deal, which staved off the threat of war with Iran. It was historically important to have a black person as president, too. Bin Laden was killed under his watch, so there’s that, and the Affordable Care Act (ACA) has some good aspects like providing protections for pre-existing conditions. He repealed Don’t Ask-Don’t Tell, too, and the stock market was far more stable in 2016 than it was in 2009.
However, there were plenty downsides to his presidency that we should consider. While he technically ended torture as an American policy, he increased drone bombing and bombed seven nations at a time in 2016 alone. He regime changed Libya illegally, leading to the country’s collapse, and attempted to regime change Syria in a fairly drawn-out, agonizing process. The Democratic Party lost Congress and countless state legislatures and governorships to Republicans under his watch, and he failed to leverage his movement for change after his election in 2008. I don’t miss his drive to enact the Trans-Pacific Partnership, a gift to corporations and a slap in the face to workers and democratic processes, either.
Moreover, I don’t miss him going easy on the Bush administration for committing war crimes or his expansion of the surveillance state or setting the precedent for killing American citizens without due process. He waited until the very last minute to intervene at Standing Rock, and he was behind almost 2 million deportations. He used the Espionage Act to crack down on journalists and leakers at an unprecedented level. He also failed to demand at the very least a public option in the ACA after endorsing a single payer system during the 2008 election. He made numerous corporatist executive appointments like Arne Duncan and Larry Summers. He let the big banks off the hook after the financial crisis. He proposed cuts to Social Security, and–relatedly–he had the tendency to negotiate from the center with Republicans who had no desire to negotiate in the first place. And while the stock market might have grown during his presidency, so did wealth inequality. Even though corporate profits soared, poverty barely decreased.
Obama began his presidency with the promise of transformational change. Eight years later, though, one could argue that any number of centrist Democrats could have replicated his legacy. Ultimately, I can understand why people miss him; I prefer Obama to Trump. I know people find his presidency inspiring, and I did, too, for a time. However, I also have no desire to romanticize the Obama administration. We need to look at his legacy soberly. If we do not, we will think that what he achieved is as good as we can get and that a return to Obama-era “normalcy” in 2020 and beyond will set the country on an acceptable track. It will not. America deserves better than the results of the Obama presidency.
