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Following the soft bigotry of low expectations promoted by George W Bush, many people had great expectations of the new, intelligent, African-American President. Not just Americans but around the world, people were relieved and had high hopes of dramatic change.
But the system was set up against him. Before he even took office, the banks, with the assistance of George W Bush and Hank Paulson, pulled the greatest heist in history. They removed almost all the money in circulation from those that would borrow and create jobs and put that money into their own interests and investments. The President was handcuffed to do anything. Expectations sunk as the job market sunk. Wall Street soared. Big bonuses came back into style.
Congress, many connected at the hip to big corporations and insurance firms, was incapable of doing anything. They were mostly useless. In the end, they were left sniping and arguing with each other about who was to blame? So, they blamed the President. He did not lead.
However, it was not possible to lead this present Congress. The President may have over-estimated his own popularity and strength. He was left holding the bag. Unfortunately, the bag was empty.
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