John Wolfe: "Obama Has Sold Out the Democratic Party"

President Obama may have the nomination under wraps, but he cannot ignore the undercurrent of discontent in his own party.

Republicans aren’t the only ones confronting Barack Obama on healthcare, the economic bailout, and foreign policy. In this ‘uncontested’ race, he still has some detractors bold enough to stand against him.

As I declared when I began my campaign in May, I for one refuse to stand idly by.

There is a groundswell of would be supporters that agree with me – that feel Obama has sold out the Democratic Party.

Sold it to Wall Street cronies who continue to receive billions of tax payer dollars in bailout funds, and who continue to get rich off their disastrous business practices, and who you have given seats of power in the White House.

Sold it to the very same military machine that we demanded end the war – but whose budgets have only increased under your administration.

Sold it to the corporate mammoths that have driven our healthcare costs to the highest rate of any developed nation, and who are salivating at the windfall that would come with the universal forced buy-in of every American.

Mr. Obama, in an effort to walk the middle line, you are moving further away from your true democratic principles and blurring the line between right and left.

But your compromising, dealing and appeasing is too much.

The 99% is not just a number – it represents an America that is losing.

Losing their houses to the very same corporations we are paying to keep afloat. Losing their jobs at the same time corporate executive salaries have no relation to economic performance. And losing their lives in wars built on lies and deceit.

As a result, we have lost confidence in the great “Hope” that you brought to America after two Bush administrations.

In Louisiana, that number was 24% of the vote. It reached a height of 43% in Oklahoma, amounting to over 11% of the party vote overall in contested races.

More must be done to fulfill the promise. We need bold leadership to bring America to a better place for all of us – not just for the 1%.

The next president needs to take bold action – not pandering steps. Prosecute those who knowingly drove America into an economic depression for their own profits. Impose a 1% tax on speculative banking and derivatives. And cut military spending along with the troops engaged in unjust wars.

The Occupy Wall Street movement may appear to be represented only by the ragtag few willing to stake tents in town squares. Yet, it has taken root in cities across America. It is the tip of the mounting dissatisfaction facing this administration.

I share their demands – and am taking that message from the street corners to presidential race.