Friday, January 22, 2010

Democrats' Kabuki

Thank God for the Massachusetts results, the Democrats atleast have to act as if they are serious about financial reform. Having followed the Democrats in the Senate for the last 4 odd years, i can only say that they really are not capable of any fight. The Obama Presidency is probably the climatic manifestation of the pusillanimity of the Democratic party. No wonder with in one year of a historic win, they have managed to lose Ted Kennedy's seat from a state like MA.

Like millions around the world, i too was excited by a democratic presidential victory, not because Obama was becoming a president, but man, what a let down this has been. If i could be so frustrated at the way the bailouts, Healthcare reform and everything in between have been carried out, i can only imagine the frustration among the millions of young people who worked for Obama's campaign.

The next day after MA election result he announces that there is going to be a major change in Bank regulations. If this does not make one cynical, what would. Did he think he was elected to bail out wall street, cut a secret deal with Pharma companies, a complete give away to Health Insurance companies while unemployment hit 10% until before the elections.

As frustrated as i am with the whole thing, i am not surprised that this is happening. He never was experienced enough to handle as important a position as Presidency during normal times, let alone the Great Recession times.

1 comments:

Yash said...

The Result in Massachusetts made me say "That's why i love Democracy" it's The Power of people. Recent Changes have forced me to convert from a conservative democrat to a liberal republican if That makes sense.
Hopefully this brings some changes in the Govt's stand on Health and Unemployment and Bring this Misery to an End.