Third Term

The president’s defenders told liberals and progressives that Obama would burst out as a liberal during his second term. But he renewed 99.5% of Bush’s tax cuts for the rich. He nominated Chuck Hagel, a homophobic Republican, as Secretary of Defense. For Treasury Secretary he picked a veteran of Citibank who bet on the housing market to collapse. What’s going on? Maybe Obama will turn into FDR in his third term.

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