On the state of who pays taxes, and whether Obama is a failed president already...
Read the great David Cay Johnson's latest explanation of who pays what taxes over the years here.
And as we know today, our president "pivoted," as I said the other day, except he pivoted into position as a deficit hawk--precisely what Herbert Hoover would have wanted him to do. Can we say "failed president" yet?
Glenn Greenwald feels as I do, which is that Obama means to pursue policies that benefit financiers and hurt workers' families and the poor. However, my one difference with Greenwald is that Obama is not being shrewd--he's being politically tone-deaf.
What I mean by "tone-deafness," is this: In 2012, the Republican nominee for president will run against Obama as a man who promised change, produced no change, and things got worse for the middle class. The people that argument (and slogan: "Failed 'Democrat' President? Vote Republican in 2012") will convince are the twenty percent of the voting electorate who are independents, i.e. low information voters. Low information voters have short memories which are easily manipulated. They tend to be middle or even working class, which means they do care about the lack of jobs, and the lack of leadership to arrest the undermining of the middle class, of which the cuts in Social Security/Medicare--The Grand Bargain the Villagers in DC crow about--will be a further result.
The loss of these independent voters is where Obama ends up as a one term president, despite and really because of Obama's triangulating between his own party and the rest of the electorate. Even the black and Latino voters who come out to vote in 2012, after missing the 2010 elections, may not be enough for Obama this time.
That is not a prognostication, but a scenario that Obama's advisers are really not considering. That is the essence of tone-deafness...