Obama and his entourage were so totally out of touch & entitled, they literally couldn’t believe that promising hope and change — and then bailing out their bank donors who were throwing 10 million families out of their homes — might create the kind of backlash FDR warned about.

They pretended the only thing that could possibly be done to “save the economy” was to give trillions to the banks (no those bailouts were not “paid back”) and give get-out-of-jail-free cards to the bankers foreclosing on millions. Then they betrayed their promise to do bankruptcy reform or really much of anything to help those losing their homes. And then there was a predictable backlash.

What they did should be a cautionary tale for the Democratic Party.

nytimes.com/2026/02/17/…