From PAUL CRAIG ROBERTS :
Don't Look to Washington for Help
Rule by the Rich
The Democrats were destroyed as an independent party by jobs offshoring and so-called free trade agreements such as NAFTA. The effect of "globalism" has been to destroy the industrial and manufacturing unions, thus leaving the Democrats without a power base and source of funding.
The Democrats have to support war and the police state if they want funding from the military/security complex. They have to make the health care bill into a subsidy for private insurance if they want funding from the insurance companies. They have to abandon the American people for the rich banksters if they want funding from the financial lobby.
Jobs offshoring is too profitable for U.S. corporations for Obama to be able to save American jobs and restart the broken economy.
Americans are being squeezed out of health care not only by the loss of job benefits, but also by corporate takeover of medical practice from physicians. Today medical doctors are wage slaves of corporate health providers that leverage doctors by turning them into supervisors of physician assistants, lower paid people without medical degrees who perform the services that doctors once provided. As neither doctor nor physician assistant has any independence, there is no one to represent the patient’s care against the profits of the corporation.
Even environmental concerns are being used to create "cap and trade" rights to buy and sell the ability to pollute. Wall Street is licking its lips over a new source of leveraged derivative instruments.
The American public cannot even get reliable information about their plight as the "mainstream media" has been concentrated into a few corporate hands that do not permit independent reporting. The media is as dependent on corporate money as are politicians.
How can President Obama restart an economy that has been moved offshore? Millions of manufacturing jobs are gone, as are millions of jobs for college graduates, such as software engineering, Information Technology--indeed, any intellectual skill the product of which can be conveyed via the Internet. Even those intellectual skill jobs that do remain in the U.S. are filled increasingly by foreigners brought in on work visas.
The enormous damage done to the U.S. economy by jobs offshoring, work visas, and financial deregulation cannot be offset by government stimulus plans, which expand the debt burdens that are crushing Americans. The federal government’s massive budget deficits and the Federal Reserve’s easy monetary policy are setting the stage for an inflationary depression to follow a deflationary depression.
The Federal Reserve chairman says not to worry about inflation, because the Fed can take the money back out of the economy. But can the Fed take the money out without contracting the economy?
http://www.counterpunch.org/roberts01272010.html for complete article.
Corporate money, corporate power has this government and you in a strangle hold that for three years now you have felt chocking off the life's blood of our economy, namely your money. There was a day when there were strong labor unions to stand up to the excesses of corporate power but those days are gone, there are but a few remnants of labor's power to be snuffed out. I have become perplexed in the last few years, American's have become convinced that unions are not in their best interests. Unions and the GI Bill after WW II are responsible for the expansion of a great middle class in this country. Fourty and thirty years ago a family with one income could afford a home, health insurance, and send the kids to college. This was the American dream, it was attainable, it was common, it was a good life and all a person had to do to was work to attain it. As corporations profits rose and corporate consolidation in the halls of government increased, a corporate greed for ever increasing rates of return on investment took hold and today the American Dream has become just that, a dream. Tax laws skewed towards the rich adds towards the hopelessness of the middle class decline.
Labor unions are the force to push back against corporate over step that leaves you begging for a living wage, begging for crumbs while those same crumbs get smaller. The American public embraced WalMart and the American public sealed it's own fate, it has slashed it's own throat. The public had better realize that organizing through labor unions is the start of a long push back to reinstate the self respect, integrity and decent life of the American worker. The rich have declared the start of class warfare, if you do not fight, crumbs are all you will ever have. There is plenty of money, the rich are sitting on it after you have given your labors to establish them as a dominant class. You do realize that it cannot be left this way.
Thom Hartmann: " Everytime government of,by and for We the people is pushed out of administering some part of this nation's vast commons, corporations step in. And by swamping the United States with so called "tax cuts, " they seek to force an increasingly desperate government to cede more and more of our commons to their corporate rule. "
Bank Failure update: 118 banks have failed so far in 2010.
Hang onto your ass, for it may be all that is left you!