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Why John Wolfe is Challenging Obama for the Democratic Nomination?by John Wolfe
Barack Obama’s leadership has been shaped too much by the office and too little by the ideals that got him there. Sadly, no one is leading the way to restore progressive values in our country’s top office. I, for one, will not stand idly by.
America needs an alternative to what we have in the current club of presidential candidates – what I call the duopoly of Democrats and Republicans who sadly have shown little difference on the critical issues facing America today.
The interests of the Pentagon, Wall Street, and corporations have dominated Obama’s administration. And loyal Americans, taxpayers and small businesses are paying a heavy price as a result.
The Occupy movement, which has spread to every state in the country, erupted because of the overwhelming inequality that exists between the excesses of Wall Street and the average taxpayer – a gap of both wealth and ethics that we have come to accept as a necessary evil.
But we don’t have to accept it. We cannot continue to reward abysmal incompetence with billions of dollars of near zero-interest bailout loans, used to stabilize a crumbling financial infrastructure and pay wages and bonuses that outstrip the president’s own salary by more than a hundred times and the average American’s income by one thousand times!
Rather than distancing himself from their failures, Obama has rewarded Wall Street incompetents with more White House jobs than even George W. Bush did in his administration. JP Morgan, GE and others got hundreds of millions in bailout cash. At the same time, their executives are being given seats of influence in the White House, reinforcing the cycle of government ties to, and the need to prop up, these “too big to fail” conglomerates.
These obscene costs to the American people come at a time when corporations are carrying the smallest tax burden in the history of this country. Today, corporate taxes cover just 9% of the nation’s GNP, whereas just 50 years ago, they paid 26%. They have shrunk their contribution and at the same time have multiplied in size. The astronomical difference comes right out of the pockets of you and me and further feeds the $15 trillion deficit we are leaving for our children.
We are not on the right path. If we are to bring prosperity back to Main Street, not just Wall Street and K Street, we need to reform some of the systems we have in place and bring the American people back into the process. I encourage you to read more on the ideas that I have to bring peace and prosperity to our nation, not war and austerity.
-John Wolfe, January 2012
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