Yes, he is...

Obamanomics: Waging War on American Workers
by Stephen Lendman

Since taking office, Obama shamelessly betrayed his constituents by:

-- ignoring popular needs during America's greatest economic crisis since the Great Depression;

-- giving Wall Street crooks trillions of taxpayer dollars;

-- spending another $1.5 trillion annually on militarism, imperial wars, and related policies at a time America has no enemies;

-- waging war on organized labor and public education, as well as civil and human rights; and

-- claiming "tough choices" demand class warfare through neoliberal austerity for working Americans, mainly middle and lower income ones least able to afford it.

On April 13, he announced his latest plan through $4 trillion in largely social spending budget cuts over the next 12 years. More on them below.

The same day, New York Times writers Mark Landler and Michael Shear headlined, "Obama's Debt Plan Sets Stage for Long Battle Over Spending," saying:

Obama's Wednesday George Washington University speech "propos(ed) a mix of long-term spending cuts, tax increases, and changes to social welfare programs," omitting that they harm working Americans most.

A Times editorial headlined, "President Obama, Reinvigorated," saying:

"The man America elected president has re-emerged." His budget speech "was a reasonable basis for a conversation and is far better than its most prominent competitors. That is because it is grounded in themes of generosity and responsibility....(I)t was a relief to see Mr. Obama standing up for the values that got him to the table."

These aren't surprising comments from a broadsheet long associated with wealth and power interests, now pretending hammering working Americans is fair and just.

A supportive Washington Post editorial headlined, "President Obama's deficit plan: Benefits and drawbacks," saying:

Obama "made an important and welcome contribution to the debate over deficit reduction Wednesday...(S)orely needed presidential engagement on the nation's fiscal crisis has arrived at last."

A Wall Street Journal editorial, however, called Obama "The Presidential Divider," saying:

His speech was "toxic," "dishonest," (and) even worse (for) deficits and debt" by not matching Rep. Ryan's (R. WI) slash and burn plan even more draconian that his own - "in the midst of a fiscal crisis" both parties refuse to address responsibly, nor do major media reports, op-eds, and editorials explain it.

In fact, Obama largely embraces plans proposed by Republicans and his own deficit cutting commission, offering a different mix for the same purpose - protecting America's super-rich while hammering working Americans through "shared sacrifice."

In other words, middle and low income households "sacrifice" to let wealthy ones "share," his agenda since day one in office.

Read more:
http://weeklyintercept.blogspot.com/2011/04/obamanomics-waging-war-on-american.html