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Barack Obama’s Fall from Grace

Courtesy of Pam Martens

As millions of struggling Americans face eviction this fall; as children are dying in hospitals from a raging pandemic; as his political party is facing a brutal fight in the upcoming midterms — what does former President Barack Obama do? He throws himself a lavish, celebrity-studded birthday bash at his $12 million waterfront mansion on Martha’s Vineyard with a sprawling dining tent potentially creating a super-spreader event.

The party was held on Saturday evening, August 7. New York Times columnist, and Pulitzer Prize winner, Maureen Dowd, gave it the scathing review it deserved in this past Sunday’s print edition of The Times. In the article, Dowd quotes André Leon Talley’s take on the over-the-top soiree. Talley said “the Obamas are in Marie Antoinette, tacky, let-them-eat-cake mode. They need to remember their humble roots.”

The brutal truth is that the Obamas have been in tacky, let-them-eat-cake mode for a long time now.

President Obama was first sworn in to office on January 20, 2009 in the midst of the worst financial and economic collapse since the Great Depression — delivered to the country by the insatiable greed and corruption of the titans on Wall Street. The same men who had funded his political campaign for the Presidency.

Obama had one key job to do as President: Reform Wall Street. He punted. Instead of breaking up the mega Wall Street banks by restoring the Glass-Steagall Act, Obama signed into law the toothless Dodd-Frank financial “reform” legislation that has allowed all of the worst abuses of Wall Street to continue. At the time the legislation was signed into law in 2010, Democrats controlled the House, the Senate and the Oval Office.

On May 5, 2008, during the primary season, we wrote this:

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