There is ample evidence that the Obama Presidency has pulled the US political spectrum further to the Right. On most domestic and foreign policy issues Obama has embraced extremist positions surpassing his Republican predecessor and in the process devastating what remained of the peace and social movements of the past decade. Moreover, the Obama Presidency has laid the groundwork for the immediate future promising a further extension of regressive policies following the presidential elections: cuts in Social Security, Medicaid and Medicare. Incumbents and their opposition compete over hundreds of millions of dollars in campaign funding from wealthy donors, which they will have to repay in the post-election period in billion dollar handout