Former U.S. president Barack Obama spoke at the Economic Club of Chicago Wednesday in a question and answer session. The moderator was Mellody Hobson, President of Ariel Investments, and well-known contributor to Obama’s presidential campaigns. Whether or not the Q&A had a specific agenda is unknown, but the former president is likely in hot demand as a public speaker after eight years as leader of the free world. What was notable about the event was Obama’s continued remarks about current president Donald Trump.
According to reports, Obama was unhinged. He went on a rant comparing Trump to Hitler and implied millions of Americans would die unless they voted to return the clueless democratic party to power:
Obama addressed the “nativist mistrust and unease” that has swept the world and brought a populist backlash that helped Trump win the election, before going on to assert that the U.S. has survived tough times in the past and will do so again.
The danger is “grow(ing) complacent,” Obama said. “We have to tend to this garden of democracy or else things could fall apart quickly.”
That’s what happened in Germany in the 1930s, which despite the democracy of the Weimar Republic and centuries of high-level cultural and scientific achievements, Adolph Hitler rose to dominate, Obama noted. “Sixty million people died. . . .So, you’ve got to pay attention. And vote.”
The mainstream media did not pick up on the former president’s comments. Why would anyone expect it to? The median was extremely kind to Obama and his administration during his eight years in office. Obama and the federal reserve handed out $30 trillion in bailouts and aid that inured to the benefit of Wall Street, hedge fund managers, venture capitalists, private equity funds and the elites who control the media. As a quid pro quo the media protected Obama; it sold the public the notion that Obama’s “wealth effect” was good for the country, when it reality it was good for them.
The oddity of the comments were not just that he compared President Trump to Hitler, with no evidence, but that he keeps making reference to Trump. Most former presidents are silent on their successors’ policies, preferring not to be a distraction to the new administration. Obama, on the other hand, has made snide remarks about the president and thrown shade at his victory and administration. He has also implied that Hillary Clinton’s own missteps cost her the election. Unlike Obama, she ignored traditional democratic states during her campaign and it cost Hillary. Obama openly campaigned during recent elections in Virginia that saw the state take the governorship and other key positions.
Obama can attempt to put the spotlight on Trump all he wants. At the end of the day, he went to Washington, bailed out his donors and did little for the populace. He managed the country for a select group of insiders. His failed policies created inequality and were a direct result of Donald Trump winning the election. Trump’s populist message resonated with the public. Whether he follows through on that message remains to be seen. Trump’s tax cuts for the wealthy and his constantly promotion of the stock market appears to be right out of the Obama playbook actually. Some pundits have actually called Trump’s policies “Obama’s third term.”
What Next For Obama?
Not only did the mainstream media not pick up on Obama’s comments, but neither did African Americans. The black community fell for “Hope and change,” “See spot run,” and “Mr. Fig did a jig.” After eight years they no longer faint after his speeches or give praise for his arrival. While the elites who benefited from Obama’s wealth effect buy up the country, African Americans are worse off since Obama came into office. They barely make reference to Obama anymore. They see him for who he truly is – a corporate spokesman who went to Washington and negotiated on behalf of Wall Street, Google and Apple and basked in the glow of the mainstream media who sold his policies to the public … just like every other politician.
Obama’s constantly bashing of Trump appears to be an attempt to change the narrative about his administration. The days saying the same thing over and over again until it becomes the truth is over. As the U.S. heads towards another recession the strategy of “smoke and mirrors” is now null and void.
On Trump And The Global Economy
The second installment of Trump And The Global Economy Town Hall took place October 24th in Fort Greene. It Featured Professor Lance Brofman, Coconut Rob (Coconut Rob Smoothies), Wuyi Jacobs (AfroBeats Radio) and Ralph Baker, author of Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead.
The event was well-received by the community. We parsed through President Trump’s proposed tax plan and [i] how it was pure economic folly and [ii] high net worth individuals could potentially game the system by shifting income around. Apparently, Kansas Coach Bill Self did this when the state of Kansas cut taxes in the past. We discussed the pros and cons of technology on workers and the economy. How will the economy and country prosper under Trump’s leadership vis-a-vis Obama? What’s behind the verbal sparring with black athletes, ESPN’s Jemele Hill and North Korea’s Kim Jong Un?