Ignoring Obama for the sake of the country

As a commenter at NakedCapitalism says Obama is finished. He will not do anything to help us get out of the hole we are in. It really doesn't matter whether he is dysfunctional or doesn't care, since he is done someone else or some group has to rise and rescue the country from two major calamities.

The "market," a strange name for our financial oligarchy, couldn't care less that the real unemployment is about 17%. They don't deal with working people or even the companies that employ them. They simply speculate. They speculate on everything they can put their hands on: mortgage failures, mortgage success, Greece debt, oil prices, energy, etc. In the end, speculation is based on a simple concept: you make money without producing anything and the money you make comes from other productive means. These means are working people whose leverage is the smallest in the "market." The unidirectional flow of money and resources from workers to speculators has a definite end. The system stops without any ability to recover when the speculators control once most of the resources. The banks already own 63% of the GDP, they don't provide small loans anymore, therefore, small businesses, the heart of the economy, will shrivel away. Finito!

Obama has no intention to prevent or even slow down the big banks and their bankrupting raison d'etre. The Volker solution has been shown to be ineffective or a joke.

The second calamity threatening us is the Republican Party. Since Reagan this party became increasingly more extreme, more dedicate to the very rich, more antagonistic to working people and the unions in particular and Taliban-like religious and fanatic. Their getting back power in congress and the White House seems almost a certainty with Obama's lack of leadership and dysfunctionality. We are for draconian tax cuts for the rich that will make W a look like a genius. Intolerance, torture of opposition members, religious mandate resembling the Middle Ages is all likely.

The only way to avoid this calamity is to organize around a promising leader and bring huge pressure on Obama, congress and even the GOP. Such resurgence is not new. Hunger and poverty were important causes in the French revolution; in 2001 similar problem caused a similar uprising, etc. We need someone to spark the country into action.