Tuesday, November 09, 2010

Now The Democrats Have To Sell Out Too

Though hardly reported by the mainstream “for profit” media, there's been a major change at the White House.


Every once in a while, buried within the news reports, are gems of information that (taken together) tell a bigger story of what is really going on. The days right after the 2010 mid-term elections hold historic evidence of the response to the Republicans winning control of the House of Representatives.


For instance; when the Democrats lost big, what did President Obama do? He went to India. Was he just sick and tired of those damn fool wing nuts who vote against their own best interests – and had to get away? Well, maybe. But more likely he realized he had to take action to hold onto what power he had left.


It had become obvious that some of the powers-that-be who propelled him into office were now working against him. In 2008, Barack Obama enjoyed hefty contributions from the big banks. In 2010, the tables appear to have turned. American Crossroads and Crossroads GPS spent 38 million dollars running attack ads etc. to defeat Democratic candidates. MSNBC News reports the bulk of funding for the Karl Rove-founded groups American Crossroads and Crossroads GPS “came from a small circle of extremely wealthy Wall Street hedge fund and private equity moguls... These donors have been bitterly opposed to a proposal by congressional Democrats – and endorsed by the Obama administration – to increase the tax rates on compensation that hedge funds pay their partners...”


It appears that Obama has lost his friends in high places.


Talk about fickle. Even after President Obama hired the Geithner team of ex-bankers to run the U.S. Treasury, wealthy Wall Street moguls still turned on him. Apparently, these moguls are insisting on total control. And it looks like they bought it. The mid-term elections have shown us something – the elections can be bought by the highest bidder. The Democrats were simply out bid.


So, what's the most powerful (elected) man in the world to do? Find some new wealthy supporters – fast. Which brings us to India.


Supporters in India would be nice, but not very politically expedient. No. President Obama was in India to support corporations back at home. One of those corporations was likely Monsanto, who wants to turn all of India's rural farms into big agribusiness cash cows. But even more importantly, Obama was likely in India to support our military/industrial complex. In the past, America stopped trading arms with India as a result of India's nuclear weapons development. Most likely, President Obama was in India to assure them that no matter what happens – no matter what India does; America will never halt arms trade to India again.







President Obama needs powerful friends to counter the angry Wall Street moguls who are trying to take him down. Apparently, those friends are from agribusiness and the military/industrial complex.


So, when it comes to the inevitable austerity measures the new House will be insisting on; don't expect the subject of across-the-board cuts to even be mentioned by the Obama administration. (And you might as well forget about us getting out of Afghanistan any time soon either.) As Obama must see it; waste at the Pentagon will just have to be tolerated to keep him from being forced out of power by Wall Street moguls.


We saw something very similar happen during the Presidency of Bill Clinton. After the fall of the Soviet Union, there just wasn't the need for such high military spending to fight a Cold War (that was over). President Clinton initially made a few cutbacks in military spending, and then changed his spending habits significantly during the Monica Lewinsky scandal. You may remember Bosnia. It appears that President Clinton gave in to the military/industrial complex to keep his job. It appears that to avoid a coup d'etat, Clinton spent our peace dividend.


It also appears that President Obama is now selling arms for our military/industrial complex in order to keep his job. That might not be so controversial had it not been for the fact that we have troops in Pakistan – and a nuclear war between India and Pakistan is far from out of the question. One can only wonder if Obama promised to keep selling U.S. arms to India even if India were to start a nuclear war.


But there's more...


What most Americans don't realize is that we are already involved in a covert war – a world war – a currency war.


We are only beginning to discover just how greedy some Wall Street moguls have become. This isn't just an American issue anymore. Worldwide, financial techniques are being used to take over. What's worse is that this underhanded buyout frenzy is being financed on the backs of ordinary Americans. The Federal Reserve Bank just keeps printing all that money (for the banks, not for us). This is not good. We have even been warned that the last time these techniques were used was just before World War II.


Former Wall Street economist and University Professor Michael Hudson states: “The object of warfare is to take over a country's land, raw materials, and assets... In the past, that used to be done militarily, by invading them. But today, you can do it financially, simply by creating credit, which is what the Federal Reserve has done.”







The big question is; now that President Obama knows what Wall Street wants to do to him (and the world), will he fight back? I believe the answer to that question lies with us. Will we fight back? President Obama has stooped to supporting big business and arms dealers because so many Americans have given up on supporting him. Many have lost their faith in Obama. But that doesn't mean we should lose faith in ourselves.







The mid-term elections aren't the end of the world, but they just brought us a lot closer – at a time when we are running out of time.


At stake or our “entitlements.” You know; those social programs which the U.S. supported U.N. Universal Declaration of Human Rights declared as human rights back in 1948.


And also at stake; those pesky environmental laws that were written to keep us all from being poisoned.


And very likely also at stake; the political stability of the world.


If we don't fight back now, we could wind up in an endless world war, with no social safety nets, and pollution everywhere. What we are risking here in America is millions of untreated illnesses, persistent hunger and need, mass poisonings, wide spread aggravation and violence, and the untimely deaths of Americans by the tens of thousands – if not far more... This future is the opposite of what we want. In fact, this sure looks like we're in the process of creating a man-made hell.


This is worth fighting.



4 comments:

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