US middle class wiped out.

Discussion in 'Economics' started by Debaser82, Jan 21, 2009.

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  2. talknet

    talknet

    Posted in other forum-:

    If you thought Obama was going to bring 'change' - think again:

    No 'change' for those clinging to their jobs:

    'As for the deepest financial crisis in the history of American capitalism, no one at the top bears any particular responsibility, at least in Obama's estimation. "Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some but also our collective failure to make hard choices and prepare the nation for a new age," he declared at the beginning of the speech.

    This formulation holds tens of millions of workers facing the loss of their jobs and homes through no fault of their own equally responsible for the present crisis as Wall Street executives and hedge fund managers whose financial parasitism and criminality helped drag their own institutions and the world economy into ruin.'


    No 'change' either for America's poor:

    'Now Obama is telling working people that they must take "responsibility" for the crisis that is destroying their livelihoods by accepting deeper attacks on jobs, wages and social benefits, even as trillions of dollars in public funds are used to bail out Wall Street while its CEOs continue to draw down their seven- and eight-figure compensation packages.'

    'Again, there was no specificity about what programs will be terminated, but in the past week he has indicated his intention to radically cut back bedrock social programs, including Social Security and Medicare, as a means of attacking the government's fiscal crisis.'


    And if you thought Obama was going to bring all the war-mongering to an end:

    'In the first substantive line of the speech, Obama declared, "Our nation is at war against a far-reaching network of violence and hatred." The implication was unmistakable: The "global war on terror," the pretext used by the Bush administration for launching two wars of aggression, carrying out torture, extraordinary rendition, unlawful detentions and domestic spying, continues unabated.'

    'He issued a rhetorical challenge to "those who seek to advance their aims by inducing terror and slaughtering innocents," vowing, "We will defeat you." Coming in the wake of Israel's three-week onslaught against Gaza in which thousands of Palestinian innocents were killed or maimed with US supplied weapons and the tacit support of a silent Obama, these words reeked of hypocrisy.'

    So no 'change' will come, after all.

    http://www.wsws.org/articles/2009/jan2009/pers-j21.shtml
     
  3. That looks like fun bro, what you be looking at :cool: