Corporate Profits 'Near-Historic' In Second Quarter, Thanks To Cost-Cutting

Historian Robert Dallek has written persuasively of the Kennedy and Johnson presidencies. "In my judgment," says Dallek, "war kills off great reform movements. "  Thus, the American entrance into WWI killed off the progressive movement.  WWII stifled the reforms of FDR and began the development of the "military- industrial complex" that Eisenhower later warned of.  The Vietnam War ended much of the reform under Johnson and with money only for guns and not butter, halted the War on Poverty.

President Obama was elected on a platform of change and reform. He announced to the world that he would bring fresh faces to Washington, D.C., and change the way it did business. But nothing much has changed on that front: he even kept on George W. Bush’s man at the second most important post in the government, Secretary of Defense. He also kept on and even promoted most of W’s favorite generals, like Gen. McCrystal.

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Obama = Bush's 3rd term
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