B.O. is a one termer - Bill Moyers

"PRESIDENT OBAMA RICHLY DESERVES TO BE DUMPED" SAYS HARPER'S MAGAZINE PUBLISHER

Citing what he calls mounting evidence of a "failed presidency, John R. MacArthur, the publisher of Harper's Magazine, calls for dumping Obama in an op-ed published Dec. 14 in the Providence (RI) Journal. 

MacArthur cites growing criticism of Obama from liberal Democrats: Among those cited is long-time PBS correspondent Bill Moyers, who said of Obama recently: "Barack Obama criticizes bankers as fat cats, then invites them to dine at a pricey New York restaurant where the tasting menu runs to $195 a person.... The President [Obama] has raised more money from banks, hedge funds, and private equity managers than any Republican candidate, including Mitt Romney. 

Inch by inch he has conceded ground to them while espousing populist rhetoric that his very actions betray. Let's name this for what it is: Democratic deviancy defined further downward."

MacArthur cites Ron Suskind's book {Confidence Men}, on Obama's appointments of Summers and Geithner, to show that Obama never intended to do things differently. 

"But Obama's hypocrisy in Osawatomie, Kan., set a new standard in deception," MacArthur writes, citing, among other things, Obama blaming regulators who looked the other way. 

"What's truly breathtaking is the President's gall, his stunning contempt for political history and contemporary reality," pointing to Democratic complicity in the 2008 debacle, the failure to regulate derivatives, and that "the Administration steadfastly opposes a restoration of the Glass-Steagall Act, the New Deal law that reduced outlandish speculation by separating commercial and investment banks."

As to those who say Obama is impregnable, MacArthur says: "Consider Gene McCarthy's obscurity on Nov. 30, 1967, when he announced his insurgent crusade.... in January 1968 a Gallup poll showed him winning just 12 percent of the votes in a presidential election. 

But on March 12, McCarthy nearly beat [Lyndon] Johnson in the New Hampshire primary. The opposition was galvanized, Robert Kennedy jumped into the race, LBJ announced he would not seek re-election, and American democracy was revived."