Former US President Barack Obama admitted that the neoliberal capitalist policies he and his predecessors supported fostered the rise of the far-right and grossly exacerbated inequality.
By Ben Norton
“Just say thank you, please,” former President Obama told a room full of bankers, and boasted of making the US the world’s largest oil producer at an opulent gala with James Baker.
By Ben Norton
Barack Obama urged bankers to thank him for helping make them so much money during his tenure as president. He also boasted of turning the US into the world’s largest oil producer, while surrounded by wealthy Republicans in tuxedos.
Obama made these appeals for elite adulation at a lavish gala hosted by former Secretary of State James Baker. His comments came just a few hours after he met with former Republican President George H. W. Bush at his home in Texas.
If there was any single event that captured Obama’s centrist, neoliberal capitalist politics, it was the former Democratic president’s oligarch lovefest in Houston on November 27.
At this sumptuous black-tie gala, Obama talked the 1,100 elite guests into raising a staggering $5.4 million, in just one night (at an average donation of nearly $5,000), for Rice University’s centrist, pro-corporate Baker Institute for Public Policy, the honorary chair of which is James Baker.