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• W94197237 abstract "Introduction ... when you look at how we should approach Social Security, I believe ... that cutting ... benefits is not right answer. Candidate Obama, 2007 We offered an additional $650 billion in cuts to entitlement programs--Medicare, Medicaid, Social Security. President Obama, 2011 (1) As quotes above reveal, Barack Obama as president has demonstrated a disconcerting willingness to subscribe to anti-democratic and austerity-driven tenets of new post-Fordist regime of capital accumulation. Known variously as the Washington Consensus, That cherism, Reaganomics, globalization, or TINA-ism, it may also be referred to as neoliberalism. (2) Writing in 2005, before Great Recession, David Harvey offered following definition of neoliberalism, Neoliberalism is in first instance a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade. The role of state is to create and preserve an institutional framework appropriate to such practices. The state has to guarantee, for example, quality and integrity of money. It must also set up those military, defence [sic], police, and legal structures and functions required to secure private property rights, and to guarantee, by force if need be, proper functioning of markets. Furthermore, if markets do not exist (in areas such as land, water, education, health care, social security, or environmental pollution) then they must be created, by state action if necessary. But beyond these tasks state should not venture. State interventions in markets (once created) must be kept to a bare minimum because, according to theory, state cannot possibly possess enough information to second-guess market signals (prices) and because powerful interest groups will inevitably distort and bias state interventions (particularly in democracies) for their own benefit. (3) The candidacy, campaign, and first term presidency of Barack Obama have been shaped by neoliberalism, latest regime of capitalist accumulation. (4) Major policies of neoliberalism include privatization, deregulation, laissez faire capitalism, cutting social welfare spending, and colorblind racism. Accompanying this regime has been a politics of austerity, effects of which have been most visible, among other places, in parts of Black America. This essay will examine rise and installation of the Obama phenomenon, its betrayal of Black America especially as it relates to four (4) crises exacerbated by neoliberalism, present a critical review of differing judgments of Obama, and close with an argument on need for a Black radical democratic agenda as a necessary response to Obama-ism. With election of Barack Obama in 2008, politics of deracialization achieved its most stunning success. But, first term (c2008-2012) of first African-American elected President of United States occurred amid a backdrop of economic collapse. (5) Let us now rehearse events which led to Mr. Obama's election. The Election of Barack Hussein Obama On February 10, 2007, in Springfield, Illinois, 45 year-old junior U.S. Democratic Senator from Illinois declared his candidacy for Presidency of United States. (6) Barack Hussein Obama had served in Illinois State Legislature as a State Senator from 1996 to 2004, losing his first bid for national office, 61% to 30%, in a contest for U.S. Representative (1st District) in 2000 to incumbent, Rep. Bobby Rush (D-Ill), a former member of Black Panther Party. Later, he would run for U.S. Senate in 2004, defeating black Republican carpetbagger Alan Keyes, 70% to 27%, largest margin of victory in state history. …" @default.
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• W94197237 date "2013-12-01" @default.
• W94197237 modified "2023-09-24" @default.
• W94197237 title "Neoliberalism in Blackface: Barack Obama and Deracialization, 2007-2012" @default.
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