As we approach the end of the Obama era and his legacy, it becomes clearer the ways that the Democrats failed most Americans. The first major failure was present day and the second is still coming.
In the mortgage crisis, what began under Bush continued under Obama no holds corporate charity which funded a long and many times illegal campaign by the bailed out companies against the working class, they already screwed once. While all of TARP, GM, and the other bailouts couldn’t only be directed at the public a majority should have been and the debt righted. Instead the creators of the bubble all got a chance to get double paid and as the countless post 2008 banking scandals show, the industry succeeded in their attempt. Now as he leaves office the inequality gap has widened. There is a great piece in the Atlantic about this legacy.
The second is still mostly to come but it is the Democrats focus and reliance on Silicon Valley. The tech industry has become dominated by large monopolies like Google who owns even me to be sure. An industry of big money small workforce. Where the few control massive fortunes without selling anything but ruin and remove vast swathes of employment. Much of the disruption is literally coded loopholes around needed regulations. When things go wrong, we the people are left holding the bag when unsafe services are allowed to be rendered. In many ways this election is a reputation of the cosmopolitan values of tech and their greed. Even if it was electing one of the few people who might be greedier than the tech moguls. As they continue to destroy our ability to provide, we must ask ourselves what are we getting in return for their virtual luxury.