Barack Obama Economic Speech: President Declares American Middle Class In Jeopardy, Outlines Populist Economic Vision (VIDEO)

In his book The Audacity of Hope, Obama presented himself as the latest in a long line of corporate, Democrats, interested in tinkering with the system but largely agreeing with the consensus on free markets, free trade, and US. military power.

As the February 2011 cover story in TIME explains, Obama even agrees with many of the fundamenta­ls of Reaganism, telling reporters, "What Reagan ushered in was a skepticism toward government solutions to every problem. I don't think that has changed." What Obama seeks instead is "a correction to the correction­," a way to tinker around the edges of Reaganism'­s full-fledg­ed assault on the role of government­.

As Roger Hodge points out in his recent book, The Mendacity of Hope, "Obama praises Clinton for putting a 'progressi­ve slant on some of Reagan's goals,' by which he presumably means Clinton's wholesale adoption of the Republican economic agenda, from passing NAFTA to cutting taxes, gutting the welfare system, and embracing the rhetoric of small government­".
Read the Article at HuffingtonPost