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26 January, 2017

Obama’s legacy in Latin America: Militarization, Right-Wing Coups, & The Rule of Wall Street

Independent geopolitical analyst Eric Draitser reviews the Obama’s legacy of destabilizing, militarizing, and exploiting Latin America.

by Eric Draitser of stopimperialism.org

Part 3 - Obama’s rightward push in South America

Another example of this confluence between Obama’s right-wing fetish and Wall Street’s boot on the neck of Latin America came last year in Brazil, when Dilma Rousseff’s democratically-elected government was removed from office in what can only be described as a parliamentary coup.

In mid-April of 2016, Reuters published a story exposing Michel Temer, the right-wing vice president at the time and the current president, as preparing the shortlist of his presumptive cabinet months before the Rousseff government had been toppled.

Temer tapped Paulo Leme to serve as either finance minister or head of the Central Bank. Leme is the chairman of Goldman Sachs’s operations in Brazil, making him perhaps the preeminent representative of Wall Street in the country. While his appointment may have been perceived as too brazen, the trend of Wall Street representatives steering the ship of Brazil’s economic and political life is impossible to ignore.

Perhaps it is no coincidence that the Obama administration, too, has been dominated from the beginning by the same types of financiers — often from the very same companies such as Goldman Sachs — that control the coup government in Brazil. The not-so-invisible hand of finance capital is now tightly coiled around the neck of Brazil. Another feather in Obama’s legacy cap.

Of course, there’s Obama’s graceful tango with the new right-wing government in Argentina led by Wall Street darling Mauricio Macri. While Obama was wining and dining the neoliberal reactionary, Macri was busy loading his new government with Wall Street insiders and representatives of Big Oil and other major industries.

This was the real Obama, the one who will not be paraded before Americans as the revered dear leader already missed before he’s left the stage. Rather, this was the man who, without conscience or compunction, ushered in a wave of right-wing reaction throughout the Western hemisphere.

And he did it with a smile.

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