Consumer Manifesto’s Presidential Endorsement


A Hope-Based Choice

It boils down to this: Either vote for someone who may not do much for consumers, or vote for someone who will do too much to consumers. For consumers and consumerists, the choice is perfectly clear: Re-elect Obama and start hoping for change

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In a second term President Obama might become the lobbyist the American consumer needs. Obama actually used the word consumer one time in the second debate. We’ll take any sign of hope (and change) we can get.

There is no doubt how badly consumers would do in a Romney presidency: He is all corporatist and no consumerist. His faith in market self-correction is as “imaginative” as his idea of self-deportation for immigrants. Many of the industries he loves—telecoms, financial services, agribusiness, transportation, Internet marketing, clothing—pretend concern for customer satisfaction. In truth they increasingly profit at consumer expense and seek government protection from abused consumers.

Obama avoided a battle with Republican and financial services opposition to Elizabeth Warren, whom he wanted as head of the Consumer Financial Protection Bureau. The irony: Warren will soon become Senator Elizabeth Warren. If Warren worried bankers with her sensible proposals to regulate the folks who gave us the 2007 financial meltdown, think of the panic-mode those bankers are in over a Senator Warren. She will inject the need for consumer protection into the political battles ahead.

If consumers help Obama beat back the conservatives at the gate, perhaps we can look forward to an Obama who pays attention to consumers and senators like Warren.

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