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Health Care & Environment
01.17 As Planet Heats Further, Even Davos Elite Warns Humanity Is 'Sleepwalking Into Catastrophe' [Intelligent government is desperately needed]
01.17 Could a Green New Deal Save Civilization? [Intelligent government is desperately needed]
01.16 Immediate fossil fuel phaseout could arrest climate change – study [Intelligent government is desperately needed]
01.15 Solar Farms Shine a Ray of Hope on Bees and Butterflies [Wonderful!]
01.14 V.A. Seeks to Redirect Billions of Dollars Into Private Care [The most public and efficient healthcare in America has been demonized and will be destroyed rather than improved, raising total per-capita costs]
01.14 Why thousands of Los Angeles teachers are going on strike [Well at least we got a big tax-cut for the super-rich, that was the most important thing.]
01.08 Monarch butterfly numbers plummet 86 percent in California [0:58 video; Do You Care?]
01.08 Carbon emissions up as Trump agenda rolls back climate change work [Making America Less Great Again]
News Media Matters
US Politics, Policy & 'Culture'
01.18 With Mattis Gone, Trump Is Already Sowing More Global Chaos [Trump plays General—what could go wrong...]
01.18 Impeach Donald Trump
01.18 President Trump Directed His Attorney Michael Cohen To Lie To Congress About The Moscow Tower Project [An impeachable offense]
01.18 10 Things We All Lose If Bernie Chooses Not to Run in 2020 [Intelligent government is desperately needed]
01.17 Alexandria Ocasio-Cortez lambasts US government shutdown in first House speech [3:27 video; Intelligent government is desperately needed]
01.16 Bill Maher: If We Don’t Impeach President Donald Trump, Where Is The Bar? [9:49 video; Intelligent government is desperately needed]
01.16 With US 'Drilling Towards Disaster,' Report Warns Anything Less Than Urgent Green New Deal Will Be 'Too Little, Too Late' [Intelligent government is desperately needed]
01.16 Trump plans to relax Obama rules for oil companies put in place after BP disaster [Intelligent government is desperately needed]
01.16 Trump's war on science: how the US is putting politics above evidence [Consistently stupid and harmful policies... Seeing a pattern?]
01.16 Can Philadelphia 'stop people from dying' as drug crisis and gun violence rage on? [Whole country suffers from lack of effective federal policies... Seeing a pattern? P.S.: The answer is not a Wall!]
01.16 Why are more Americans than ever dying from drug overdoses? [graphs]
Economics, Crony Capitalism
01.17 Trump's economy is great for billionaires, not for working people [chock-full of pesky facts that government and media ignore and distort]
International & Futurism
01.17 White people assume niceness is the answer to racial inequality. It's not [More equality requires us to fix ignored and distorted problems]
01.16 Global tensions holding back climate change fight, says WEF [Consistently stupid and harmful policies... Seeing a pattern?]
The Twin Frauds of Obama: Afghanistan and Elkhart, Indiana
It is not really capitalism. It is an oligarchy or a financial plutocracy.
Originally published earlier today, 4 December 2009
Who is going to pay $100,000,000,000 for the new surge? Democratic Representative David Obey, chairman of the House Appropriations Committee proposes to raise income taxes on everyone earning more than $30,000. This is called “trickle-up” economics. You tax the little guy and give the money to the armaments companies.
Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com. The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.”
One can understand why the banksters are worried. The company, now known as Gold Sacks, has a large responsibility for the financial crisis and the fraudulent “securities” that wrecked the world economy and Americans’ pensions. A former Gold Sachs CEO had control of the US Treasury during the Bush regime from which he diverted $750 billion to bail out the banks, thus supplying them with free capital. Gold Sachs made $27,000 million during the first three quarters of 2009 and is paying out massive bonuses, leaving the busted taxpayers with the debt and interest charges.
Little wonder the US can’t afford health care for the uninsured and unemployed. It is far more important to finance multi-million dollar bonuses for investment bankers. I mean, what would we do without capitalism?
Of course, it is not really capitalism. It is an oligarchy or a financial plutocracy.
In a failed state, the government’s priorities are totally separate from those of the people. The US can’t afford health care or a bailout for jobless homeowners, but it can afford a pointless war and multi-million dollar bonuses for banksters who wrecked the economy.
Millions of laid-off workers lost their health insurance subsidies on December 1, the day President Obama announced a $30 billion “surge” in Afghanistan.
The expensive “surge” came 24 hours after the Detroit Free Press published a 127-page supplement of home foreclosures in its metro area. In Michigan 48 per cent of mortgages are on properties that are worth less than the loan, according to a report from First American CoreLogic.
As bad as it is in Michigan, the state ranks seventh in foreclosures, so six states are in even more dire straits.
Why does President Obama think the US can afford a war in Afghanistan when the US economy is falling apart? Massive joblessness. Massive homelessness. Millions of Americans without medical care.
The additional $30 billion for the war comes on top of the $65 billion already appropriated for the year. These appropriations are always fattened with supplementary appropriations. The true cost is well in excess of $100,000,000,000.
Whose going to pay for it? Democratic Representative David Obey, chairman of the House Appropriations Committee proposes to raise income taxes on everyone earning more than $30,000. This is called “trickle-up” economics. You tax the little guy and give the money to the armaments companies.
There was a time when Democratic presidents represented the little man, and Republicans represented business. Today both parties represent the moneyed interests.
There was a time when Democratic presidents represented the little man, and Republicans represented business. Today both parties represent the moneyed interests. On December 3 at the jobs summit with business leaders, Obama said, “We don’t have enough public dollars to fill the hole of private dollars that was created as a consequence of the crisis.”
All the public’s money has been spent on the banks and the wars.
In other words, all the public’s money has been spent on the banks and the wars.
Despite Democratic majorities in the House and Senate and the ease with which Obama won the presidential election over McCain/Palin, the Democratic Party has totally collapsed. The Democrats have abandoned every constituency. Democrats have discarded the American people. Democrats, in pursuit of campaign contributions, represent the moneyed interests on Wall Street, the munitions companies, the insurance companies, the agri-businesses that have destroyed independent farmers, despoilers of the environment, unaccountable police, and the builders of detention centers. The exception is Rep. Dennis Kucinich.
The Democrats have become Republicans.
The American people, except for the one percent of super-rich, have been abandoned.
Obama had a different message during the presidential campaign. On May 4, 2008, he went to Elkhart, Indiana, to sympathize with the unemployed. On February 9, 2009, just after his inauguration, he returned to Elkhart to say:
What’s the story in Elkhart 9 months after President Obama reaffirms his promise? “Long-term unemployed face dwindling options.”
Lawrie Covey, 58, has been out of work for two years. “I can’t even get a job cleaning rooms at a local motel.” Her son, who was night shift foreman for a local manufacturer and who lost his job after eight years, was splitting the rent. Winter is upon them, and the heating bill is rising. Their transportation is 20 years old and needs a new radiator. Both her and her son’s unemployment benefits have run out. Lawrie Covey has fallen back on her experience growing up on a firm. She is raising chickens and picking wild mushrooms and has a garden. If she makes it through the winter, she hopes to get a couple of baby pigs to raise to see them through the next year.
Lawrie Covey, to whom President Obama made a promise could just as well be an Afghan peasant. She doesn’t count any more than the thousands of Afghans who have been murdered in their sleep by US air strikes on “terrorists.”
She voted for a president who spent all the money on wars based in lies and deceptions and on Gold Sacks, the richest institution in the world.
Obama is loading up the poor with enormous debts that imply hyperinflation in order to make Gold Sacks too heavy to lift and in order to reward the munitions industry for its service to world peace and American hegemony.
Paul Craig Roberts is an economist who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as the "Father of Reaganomics". He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He is the author of Supply-Side Revolution: An Insider's Account of Policymaking in Washington; Alienation and the Soviet Economy: The Collapse of the Socialist Era and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions: How Prosecutors and Law Enforcement Are Trampling the Constitution in the Name of Justice.
This article is published in the Baltimore Chronicle with permission of the author.
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This story was published on December 4, 2009.