Speak Out Network
The Fix Is In: Washington's Planned Social Contract Destruction
by Stephen Lendman
Last December, Obama capitulated to Republicans, rigging a deal for up to $1 trillion dollars in handouts, mostly to corporate giants and America's wealthy with working households almost entirely left out.
They still are, enduring a protracted Main Street depression, stiff-armed by Obama-led bipartisan crooks. In fact, he's more crime boss than president - stealing from the many for the few. More on his dirty scheme below.
As a result, America and other "(e)conomies are being turned into rentier ('tollbooths') to pay debts that ('real' ones) can't sustain," according to Michael Hudson. "It's a losing game," but goes on, criminally defrauding millions of people to assure creditors are paid, sucking massive amounts of wealth to their coffers, unreported by major media scoundrels, suppressing what people most need to know.
In fact, new audit figures show that Bernanke's Fed gave Wall Street and European banksters at least $16.1 trillion (called emergency loans) from December 1, 2007 - July 21, 2010, besides unknown amounts earlier and in the past year.
Moreover, it's well known that trillions of dollars are stolen, handed to corporate interests and never returned, as well as gotten in other illegal ways. As a result, taxpayers get stuck with the bill, the nation with unsustainable mounting debt, heading it eventually for ruin.
About $13 trillion in Fed bailouts went to US financial institutions, the rest to their counterparts in Britain, Germany, France, Switzerland, and Belgium, according to a Government Accountability Office (GAO) analysis.
In addition, asset swaps (good ones for toxic corporate junk) were arranged with banks in Britain, Switzerland, Canada, South Korea, Norway, Mexico, and Singapore.
Moreover, the Wall Street controlled Fed mostly outsourced its lending operations to the same institutions responsible for engineering the financial crisis, letting them profit hugely at the public's expense.
Though unsustainable, the dirty game goes on, a take the money and run scam, leaving hollowed out economies and impoverished millions on their own sink or swim.
In dirty back room deals, Obama's out in front arranging it, doing what no Republican leader would dare. No wonder Hudson accused him of governing to the right of George Bush, Sarah Palin and Michele Bachmann - America's right-wing lunatic fringe.
Notably, only Republican Nixon could go to China when America had no diplomatic relations. Only Democrat Obama dares ending America's decades-long social contract, especially Social Security, Medicare, Medicaid, and publicly funded pensions.
Hudson agrees, saying "(o)nly a Democrat posing as a left-winger could really pull off what (he's) proposing," pretending it's to sustain programs otherwise heading for insolvency.
In fact, pay-as-you-go payroll tax deductions sustain Social Security and Medicare, and will keep doing it if properly administered, needing only occasional modest adjustments.
Most workers, in part, fund public pensions, and Medicaid provides mandated safety net care for poor beneficiaries, jointly funded by the states and Washington, managed at the state level.
Moreover, Social Security and Medicare are insurance programs - contractual federal obligations to eligible recipients who qualify. In fact, they're no different from other legal arrangements between willing parties.
However, unilaterally abrogating them will strip all Americans of fundamental safety net protections without which millions will become impoverished and desperate.
America's aristocracy chose Obama to do it, and who better than the first Black president, masquerading as a populist, still fooling half the country to think he represents them.
In fact, his disdain for ordinary people is palpable in plain sight and scandalous, once his disingenuous rhetoric is exposed as duplicitous. His policies in the past two and half years show it.
Previous yearend articles (each in two parts) explained how much harm he caused in years one and two in office, accessed through the following links:
http://sjlendman.blogspot.com/2009/12/obama-year-one-betrayal-and-f...
http://sjlendman.blogspot.com/2009/12/obama-year-one-betrayal-and-f...
http://sjlendman.blogspot.com/2010/12/obama-year-two-continued-betr...
http://sjlendman.blogspot.com/2010/12/obama-year-two-continued-betr...
Given his overall agenda, his legacy already exposes him as America's worst president. It's no easy achievement given some formidable competition, notably from his predecessor, a corporate stooge/war criminal Obama shamelessly managed to outdo, besides perhaps setting back race relations a century or more.
A July 15 article discussed the current debt ceiling debate charade, accessed through the following link:
http://sjlendman.blogspot.com/2011/07/debt-ceiling-debate-charade-m...
It suggested the fix is in, the deal done to slash vital entitlements and other social spending, while leaving in place outsized military budgets and generous handouts to corporate America, including new tax cuts and loopholes letting them save billions of dollars.
On July 21, New York Times writers Carl Hulse and Jackie Calmes headlined, "Boehner and Obama Nearing Deal on Cuts and Taxes," saying:
A "sweeping deficit-reduction agreement" is nearly completed, "calling for as much as $3 trillion in savings from substantial (social) spending cuts and" alleged tax code changes, benefitting business and wealthy Americans at the public's expense.
So far details are being withheld, and White House press secretary Jay Carney denied any deal is close. He lied. It was agreed weeks ago, leaving only final details to be worked out.
Negotiated by "Gang of Six" kleptocrats (three Democrat and three Republican senators), a "grand deal" minimally cuts $4 trillion (mostly entitlements), adding tax cuts and other corporate sweeteners in return for raising the debt ceiling.
Public posturing is all theater, no substance, to conceal a deal with the devil plan to wreck social America and devastate the economy, assuring a deepening Main Street depression, including permanent impoverishment for millions of former middle class earners.
Part of the subterfuge involves deceptive House/Senate theatrics. On July 19, the House passed the Cut, Cap, and Balance Act of 2011, calling for up to $6 trillion in cuts and a constitutional balanced budget amendment in return for raising the debt ceiling by $2.4 trillion.
It's barely enough to sustain annual spending at current levels, meaning more cuts would be demanded to raise it further, and so on to keep slashing additional trillions from vital social programs until all of them are extinguished and ended. That's planned anyway whatever deal is announced.
On July 22, the Senate rejected the House proposal, paving the way for the secretly agreed on Obama/Speaker Boehner scheme to be adopted.
Besides criminally waging multiple imperial wars, that's Obama's legacy. Progressive historians and analysts one day will wonder how he and other irresponsible officials defrauded the public and got away with it. It's happening now in plain sight.
In his new article, Paul Craig Roberts headlined, "An Economy Destroyed: The Enemy Is Washington," saying:
"Washington's priorities and those of its presstitutes could not be clearer. President Obama, like George W. Bush before him, both parties in Congress, the print and TV media, and National Public Radio (dubbed National Pentagon or Petroleum Radio) have made it clear that (imperial) war(s are) far more important priorit(ies) than health care and old age pensions for Americans."
In fact, power-hungry, greed-driven Obama-led government and corporate scoundrels want working Americans' wealth, homes, jobs, health, welfare, and futures stolen to benefit themselves at their expense.
It means $4 trillion is only for starters. Expect trillions more ahead until virtually all personal and public wealth is in elitist private hands.
Moreover, whatever amount of deficit reduction is agreed on (allegedly over the next decade), America's national debt will keep growing. As a result, years from now it'll be greater than ever. It's one of many dirty secrets politicians and media liars won't explain or even touch. Instead they pretend social America is being destroyed to save it by preventing insolvency.
It's one of many Big Lies, showing government abrogated the Constitution's "general welfare" clause - Article I, Section 8, stating:
"The Congress shall have power to....provide for (the) general welfare of the United States," meaning all its citizens. Moreover, the Preamble's opening words are "We the People."
They never, in fact, meant everyone, just America's special few, notably since the 1980s, now more than ever in modern times under Obama. Unless public anger derails them, Washington's criminal cabal will transform America into a wasteland, its working class into serfs.
Is it worth just watching from the sidelines, or will reality stir popular outrage to act. It's the only way constructive change ever comes. It's never from the top down, given corrupt politicians put in office to serve their elitist masters - America's aristocracy wanting it all for themselves. So far, in fact, they're well on the way to getting it.
Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening. #
Replies to This Discussion
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Permalink Reply by Byard Pidgeon on -
I can't help but wonder...would there be so much anger against Obama, if all the progressive or leftist people who voted for him had actually listened to him, and thought about what he really said?...instead of giving him the "oh, he's got to say that to get the nomination", and "oh, he's got to say that to win the presidency", and "once he's in office, he'll do the right thing".
Now, the same people who didn't really listen, or think, are saying "oh, once he gets his second term, he'll do the right thing"...dream on, dream on.
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Permalink Reply by Saleem Shah on -
The Black man of America has been privileged by the slave masters children for the last century to vote for whites for the offices to judge and rule. This freedom to vote has made the Black man in America feel very dignified and proud of himself. He goes to the polls very happy to vote for a white ruler. Today, he is gradually changing to a desire to vote for his own kind for such offices of authority. We must remember that our vote is strong and powerful only when and where the white man can use it to get in the office over his white opponent. After the election and the victory there are very few favors that come from his office to the Black voters who helped and aided him in getting in the office. Why? Because he does not owe the Black voter anything as long as he has to feed, clothe, and shelter him.
2 The Black vote could be cast or not cast. The white citizens of the government are going to win and continue to rule anyway. There is much talk of this man and that man (who shall the vote of the people put in the White House for the next four years?) How much good have the two parties (Republican and Democrat) done for us for the last century in the way of freedom, justice, and equality? Regardless of what party wins, the die is always set against us (the Black people in America).
3 Injustice, crooked politics, and the breeding of corruption under crooked politics have been practiced ever since Adam to the present day rulers. Adam was the first crook. There has not been justice for the Black man in this race of people, and this is why the race suffers from the effect of chaos today. There are Black politicians who would like to use their Black people for selfish greed and will throw them behind any crook with money. Black politicians of this type have sold their Black brothers to suffering and shame for self elevation with the crook. This election is one of the most serious in the history of American government, because either party that seeks the office of presidency is faced with the problem of saving the lives of the people of America. If the present party (Democratic) remains in office, you know the answer. If the Republican party takes over, you should know the answer. There will be a lull before the storm. The storm can be delayed and every hour and day that it can be delayed is to your benefit. The Black man should be very serious and careful about his voting because 90 per cent of the Black votes cast are cast by ones who do not have the knowledge of what they are casting their vote for.
[Mr. Elijah Muhammad circa 1970s]
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Permalink Reply by Byard Pidgeon on
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Well, things have certainly got worse...I'd wager that now, 90 percent of ALL votes cast in Presidential elections are cast by ones who do not have the knowledge of what they are casting their vote for.
Most votes are not cast by the human brain, but by the lizard brain.
Saleem Shah said:...The Black man should be very serious and careful about his voting because 90 per cent of the Black votes cast are cast by ones who do not have the knowledge of what they are casting their vote for.
[Mr. Elijah Muhammad circa 1970s]
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Permalink Reply by Osirian on -
The writer of this article would not have even known about the lending of the federal reserve if it were not for the wall street reform act of the Obama administration. And if it is well known that wall street interest took the bailout money and are 'holding it', well infact investing it in foreign interest, why is the writer convienantly leaving that point out. If the Obamas hate poor people so much, why hold on to the funding for pell grants since that is the main funding which conservatives want to eliminate. Most Black people should remember that it was a progressive ideology which gave birth to eugenics, so it is no wonder that they protest any program or policy which takes away or hinders absolute govt control.
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Permalink Reply by Byard Pidgeon on
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The Pell Grants have been extended only to 2013...just enough time to get halfway through college, then be stranded and at the mercy of the loan sharks...because the federally guaranteed loan programs are being eliminated, putting students at the mercy of the banks. That's what so-called conservatives really wanted, and of course, they got it.
In terms of hindering or taking away "absolute government control", we're moving toward absolute corporate control of government, a melding of the two, the classic definition of Fascism.
Osirian said:The writer of this article would not have even known about the lending of the federal reserve if it were not for the wall street reform act of the Obama administration. And if it is well known that wall street interest took the bailout money and are 'holding it', well infact investing it in foreign interest, why is the writer convienantly leaving that point out. If the Obamas hate poor people so much, why hold on to the funding for pell grants since that is the main funding which conservatives want to eliminate. Most Black people should remember that it was a progressive ideology which gave birth to eugenics, so it is no wonder that they protest any program or policy which takes away or hinders absolute govt control.
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Permalink Reply by LibyaWest on -
I can't help but wonder...would there be so much anger against Obama, if all the progressive or leftist people who voted for him had actually listened to him, and thought about what he really said?...
Yes, I'd still be as angry at o'bomber but it wouldn't be compounded with the anger I feel at myself for having voted for the SOB!
I'm in the habit a casting an honest vote for the candidate I think is best. Of course, that
candidate usually loses but I end up with a clear conscience. This time I didn't and I can't believe
I let myself down like this!
From family and friends, I heard, "Oh, you never are with us!" Oh, why can't you give the brother a chance? Oh, you vote for white people." There were discussions in the community, my side generally in the minority. But there was no way that I EVER was supposed to be persuaded by those pleas because I KNEW! I heard the bastard and what he was saying! And, I knew that he was nothing but a houseboy!
Now I'm pissed that we got what I thought we were going to get and I can't say, "It's not my fault!" I cast that vote knowing that the Black community was courting disaster.
"Oh the humanity!" ...All those people o'bomber has murdered...all the suffering he's caused...
What's left to do? Fight The Power!
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Permalink Reply by Bri'on on -
MATRIX - Blue Or Red Pill? You Choose
LibyaWest said:
I can't help but wonder...would there be so much anger against Obama, if all the progressive or leftist people who voted for him had actually listened to him, and thought about what he really said?...
Yes, I'd still be as angry at o'bomber but it wouldn't be compounded with the anger I feel at myself for having voted for the SOB!
I'm in the habit a casting an honest vote for the candidate I think is best. Of course, that
candidate usually loses but I end up with a clear conscience. This time I didn't and I can't believe
I let myself down like this!
From family and friends, I heard, "Oh, you never are with us!" Oh, why can't you give the brother a chance? Oh, you vote for white people." There were discussions in the community, my side generally in the minority. But there was no way that I EVER was supposed to be persuaded by those pleas because I KNEW! I heard the bastard and what he was saying! And, I knew that he was nothing but a houseboy!
Now I'm pissed that we got what I thought we were going to get and I can't say, "It's not my fault!" I cast that vote knowing that the Black community was courting disaster.
"Oh the humanity!" ...All those people o'bomber has murdered...all the suffering he's caused...
What's left to do? Fight The Power!
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Permalink Reply by Bri'on on
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@Byard:"The Pell Grants have been extended only to 2013...just enough time to get halfway through college, then be stranded and at the mercy of the loan sharks...because the federally guaranteed loan programs are being eliminated, putting students at the mercy of the banks. That's what so-called conservatives really wanted, and of course, they got it.
In terms of hindering or taking away "absolute government control", we're moving toward absolute corporate control of government, a melding of the two, the classic definition of Fascism."
Life ain't fair when you are poor and hungry! It appears as it's always been!
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Permalink Reply by Osirian on
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The govt now controls student loans, that is one of the reasons as to why conservatives are trying to repeal the health care act. Your second premise is on point.
Byard Pidgeon said:The Pell Grants have been extended only to 2013...just enough time to get halfway through college, then be stranded and at the mercy of the loan sharks...because the federally guaranteed loan programs are being eliminated, putting students at the mercy of the banks. That's what so-called conservatives really wanted, and of course, they got it.
In terms of hindering or taking away "absolute government control", we're moving toward absolute corporate control of government, a melding of the two, the classic definition of Fascism.
Osirian said:The writer of this article would not have even known about the lending of the federal reserve if it were not for the wall street reform act of the Obama administration. And if it is well known that wall street interest took the bailout money and are 'holding it', well infact investing it in foreign interest, why is the writer convienantly leaving that point out. If the Obamas hate poor people so much, why hold on to the funding for pell grants since that is the main funding which conservatives want to eliminate. Most Black people should remember that it was a progressive ideology which gave birth to eugenics, so it is no wonder that they protest any program or policy which takes away or hinders absolute govt control.
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Permalink Reply by Osirian on
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It is obvious from what you typed that your inferiority complex was the devil on your shoulder whispering in your ear, "you know niggaz aint shyt, and your one". But you decided to listen to the angel on the other saying, "for once stop the self hate, and recognize a voice that is truly of the people", so you voted for the President. But once that devil jumped back in your ear with all of the failure rhetoric put forth by the media, your inferiority complex felt vilified, and thus began your downward spiral into becoming the perpetual 'devils advocate'.
To tell the truth I myself questioned voting for Obama because of his stance on israel during the campaign, but I am happy to say that although he has not been as firm on that policy as I would like to see, he hasn't outright kissed they ass like all the other presidents. I knew on social issues their would be little he could do because of the buzz saw of white supremacy he would face, of which I knew of from experience, and he may not have believed of until now. Another truth, I personally do not support 80% of the policies he has put forth, and that is due to my ideology of Black segregationism (the only true period in the history of this country where Black people actually were a prosperous communal unit) but I credit the brotha, and will support the brotha for his intentions of doing the greater good.
LibyaWest said:I can't help but wonder...would there be so much anger against Obama, if all the progressive or leftist people who voted for him had actually listened to him, and thought about what he really said?...
Yes, I'd still be as angry at o'bomber but it wouldn't be compounded with the anger I feel at myself for having voted for the SOB!
I'm in the habit a casting an honest vote for the candidate I think is best. Of course, that
candidate usually loses but I end up with a clear conscience. This time I didn't and I can't believe
I let myself down like this!
From family and friends, I heard, "Oh, you never are with us!" Oh, why can't you give the brother a chance? Oh, you vote for white people." There were discussions in the community, my side generally in the minority. But there was no way that I EVER was supposed to be persuaded by those pleas because I KNEW! I heard the bastard and what he was saying! And, I knew that he was nothing but a houseboy!
Now I'm pissed that we got what I thought we were going to get and I can't say, "It's not my fault!" I cast that vote knowing that the Black community was courting disaster.
"Oh the humanity!" ...All those people o'bomber has murdered...all the suffering he's caused...
What's left to do? Fight The Power!
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