Anyone who thinks President Obama will magically turn around in his second term and be a real progressive is high on a 2008 supply. Soon after President Obama is re-elected he will do the Grand Bargain deal with Republicans, which will cut Medicare, Medicaid, discretionary spending and maybe even Social Security. On top of that, they will pretend to get extra revenue from closing loopholes but in reality they will definitely do a corporate tax cut and perhaps even a top rate tax cut for the rich.
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