You gotta give Pres Obama credit ...even if we take away America's so-called credit rating.
He stays on message, even if he has to shift gears from time to time. We know that the GOP started putting astronomical zeroes behind 1's, money and credit that America did not have at the time, based on their own beliefs that (a) They were going to get rich leveraging the working class people's income and their children's futures; (b) They didn't have anyone to answer to except other rich people anyway--who were not going to have a problem with it; and (c) They figured they were in a no-lose situation. If they could pull off the World's Greatest Heist undetected, as they had done since Reagan was President, they'd pass their debts on to OUR children and take the money, shovel it in Swiss bank accounts, run, and call the working class people out here stupid for letting them do it to us.
[[This is an open letter to Drew Westen on his Op-Ed in the New York Times "What Happened to Obama?" simply because I lived in Georgia for more than 40 years and in Atlanta for 18. The real question is what DIDN'T happen to Obama? I was on President Obama's campaign in Atlanta and in Georgia since mid-2007 and I hate to say this, but the average black person in Atlanta never thought "they" (meaning white folks) were going to "let" President Obama win; and the majority of the white folks I talked to in Georgia said he wasn't GOING to win, simply based on his race alone. They weren't paying attention until he started winning; then they started trying to rake all of their usual tricks together to force a loss and it was too late. They didn't see him coming because they PRESUMED he wasn't going to win based on race alone. Therefore, nothing anyone in Georgia, particularly in Atlanta, GA says is of any consequence. They were praying for a moment like this, so they could be the vultures that they are. If anyone in Georgia says anything, all anyone needs to say to them is: SINCE YOU WAITED UNTIL HE WAS ACTUALLY WINNING TO PAY ATTENTION, you wouldn't know what I know: HIS ENTIRE CAMPAIGN WAS BASED AND FOUNDED ON THE WORKING CLASS. He didn't need to keep repeating himself, and he still doesn't. They speak in ignorance because they didn't know that when he made his Inauguration Speech, HE WAS TALKING TO THE WORKING CLASS AT THE TIME. We're not so ignorant that those of us who were paying attention didn't know it. This article shows nothing other than there are some people out there who actually believe that everyone who voted for Obama was ignorant. We don't need any more thoughts from corporate America about what they think of Obama, we already knew they had it in for him from Day 1 because he IS the working class.
The one thing we've seen is that the President maneuvers very well in opposition traffic. Though some of his moves have been about as frightening as jumping on a roller coaster while it's moving, especially considering all of those who keep trying to derail him and get him off-message, the one thing I've notice since I jumped on the campaign coaster in mid-2007 is that he keeps saying the same thing over and over, ad nauseum. And the opposition?
Well, they apparently are threatening to make the President look bad in the public eye, even to the point where they will kill themselves to get it done. It's very personal for them, and he's not letting them go there, and it's driving them mad. With the President, I noticed, as long as you don't mess with his wife, his girls, his aunt, his grandma in Kenya, his mother-in-law, or with Bo-bama, he's fine. That gets his dander up and he's not so Mr. Cool any more.
I can ask only one question: How many times is he going to have to keep repeating himself before the nation "gets it" and gets to work on the everlasting theme of his initial message? Remember "Yes We Can"?, we being the operative word? [i.e., Change is not a spectator sport.]
I stopped listening to him for awhile because I kept hearing the same undertones in his message even when he had to change verbiage to suit the status quo. They got so accustomed to driving the bus in Washington, and taking for granted that it was never to going to change hands, that they never saw him coming. Until it was too late. Whew.
A little recent collective history: Back in the 1980s, Wall Street started hiring young boys to run the country's money. Most of them were fresh out of college, had no experience, and weren't even all that good at math -- let alone the economics of finance. They didn't know how to understand the Gross National Product (GNP) and words like "recession" and "inflation" they'd only heard listening to the nightly news. That specialized ruler economics calculator? It had buttons on it that they couldn't push because they didn't know how to.
To hear Michael Lewis and Steve Eisman tell it, we saw all of this coming back when Ronald Reagan was in office deregulating everything. The United States has not really had a AAA credit rating since the 1980s.
We can thank Reagan for deregulating the banking and mortgage industries and allowing these businesses to go buck wild bilking middle class America out of billions of dollars. And we also have the bulk landholders, the 'capital gains' folk, who did the devil's business with the middle eastern richest, then used the money they borrowed to pay Standard & Poor's and Moody's under the table to A-rate bad mortgage bonds, debentures, default credit swaps, and CDOs. They just started having a "joy ride" putting astronomical zeroes behind ones when they knew America didn't have that kind of money at the time and never would. When they said they wanted to be "richer than God," it meant even if they had to drain America, and the rest of the world's economic systems, dry to do it.
The problem with the Wall Street capitalists using the average American and international worker for an ATM machine? Middle America is situationally related to all of the poor people in this country--that's where most of us "came up" from.
Now the Middle Class has gone all but dead broke while simultaneously ending up taking care of their poorer relatives. In the meantime, billions of taxpayer-paid corporate subsidies and write-offs and shelters got shoveled into overseas banks where it couldn't be taxed. The Wall Street moguls, in saying "f- the poor" were actually f-ing their middle class relatives. Problem is that it was the middle class that was footing the bills for their billionaire status.
Even Bill Gates and Oprah had the sense enough to know which side their bread was buttered on, so they started shoveling it all back into America - gave a lot of it away, reinvested plenty, in America. Where it belonged.
The Wall Street folk apparently thought all of their money was coming from other rich people and didn't take the time to remind themselves that it's the everyday working Joe Blow out here, the guys and gals who pay their taxes and their monthly bills that were feeding them -- in the form of mortgages, car notes, utility bills, college loans, gas, groceries, the whole middle-class schmack.
So, quite frankly, no one should really care if Wall Street ends up with a ZZZ credit rating and closes shop for good. The United States never needed Wall Street. Good riddance.
In taking everyone else's credit ratings down the tubes, and it was intentional according to those who used to walk on Wall Street water, they can now feel the long-term effects of their wrong-doings. It's almost like knowing what it feels like when an innocent black man goes to prison for a crime he didn't commit and no one is listening to his side of the story. They are feeling the edge of their own turmoil, or in layman's terms what it's like to apply to rent an apartment and get turned down over a bad credit rating when the two really have nothing to do with each other.
This is the only time that black people, average typical working-class Black Americans, get to push back; and get to do the hiring and firing (with their votes); and are helping to push the wheels of bad credit ratings back where they belong--to those who created the bad debt in the first place. Maybe it's high time the Wall Street elite know what that feels like; and understands that they can't run ramshod over the middle class and expect to survive it.
I can appreciate President Obama's presence in office. If they like using hit-and-run "racist innuendos" tell them to try calling him theMaintenance Man. We can only hope and pray that he runs the over-bloated corporate fatkats out of business, for good. Maybe their attempts to push their own bad debt off on America won't work this time. President Obama, the hardest-working president this country has ever known, is working hard to give it right back to them and make them pay their own bills. They made those trillion-dollar bills with other countries, we did not. Let them pay it off themselves.
In the meantime, when they talk about how the President is over-spending to make "our" children pay for future bad debt, we have to know by now that the bad debt was there all along...and when they speak of our children and future debt, they are most assuredly not talking about yours or mine. Had they been talking about all of our children, the debt - by the pursuit of Jeffersonian and Madisonian politics - would not have been there in the beginning.
S Renee Greene, Mesa AZ