Myth 1. Obama is a socialist.
I basically agree with Alter. As I explained two years ago, a true socialist wants “government ownership of the means of production.” To be sure, most self-avowed socialists today have given up on that goal and instead focus on redistribution. And since Obama also is a redistributionist, I understand why people call him a socialist. Nonetheless, it is much more accurate to call him a statist or corporatist.
Myth 2. Obama is a tool of Wall Street.
Alter is right and wrong. Obama is pursuing policies that Wall Street doesn’t like, such as class-warfare tax hikes. On the other hand, he supported the TARP bailout and pushed for theDodd-Frank bailout legislation that was supported by Goldman-Sachs and the other big players on Wall Street.
Myth 3. Obama is an effective public speaker.
I’m not sure what to say about this assertion. I don’t find his pedantic ramblings effective or persuasive, but I’m not the target audience.