President Obama's great transfer of wealth and Dr. Cornel West's critique of it

Glen Ford @ BAR - Obama engineered by far the greatest transfer of wealth in the history of mankind, funneling at least $12 trillion to Wall Street. At the height of his popularity, still riding the crests of post-election euphoria, and under no real pressure from a demoralized Republican Party, Obama eagerly placed Social Security and other entitlements “on the table” for chopping. He endorsed the corporate/Republican line that deficits were the nation’s biggest problem, effectively sentencing the unemployed to damnation and inviting the austerity reign of terror that has descended. And these are just the highlights of Obama’s tenure.  Read more.