image management

Just like Bill Clinton gutted welfare better than any Republican could, President Obama has overseen the dismantling of major components of New Deal and Great Society policies--in the midst of an economic crisis the likes of which haven't been seen in half a century. And to think the right wing subintellosphere still calls him a socialist...

One fact says a great deal about the reality of Obama’s policies: the reduction in the estate tax included in his tax-cut deal with the Republicans brings the tax on inherited wealth to its lowest level since 1931, prior to Roosevelt’s coming to power. Roosevelt during World War II pushed for the tax rate on the highest income tax bracket to be raised to 91 percent and imposed a cap on executive salaries.

Obama’s measures will provide an estimated $70 billion a year in tax breaks for the rich and hand over an additional $23 billion in estate tax cuts to 6,600 families.
The shift on Obama exemplifies the ceaseless efforts of the corporate-owned and controlled media to artificially create political realities by means of image making. Obama’s election was largely the result of a media marketing operation, backed and financed by sections of the ruling class that saw the need for a change in image and personnel after the foreign policy disasters of the Bush years and in the face of public hatred for Bush and the Republicans.
Now, the media is seeking to repackage and repair the badly discredited Obama administration. Why? Because it is dutifully doing the bidding of the financial aristocracy.