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FORD
02-18-2011, 03:21 PM
Wall Street versus the Poor and the Middle Class: Obama’s FY 2012 Budget Is A Tool Of Class War

By Paul Craig Roberts

Global Research, February 18, 2011

Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class.

Wall Street wasn’t through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve’s balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks’ balance sheets.

The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.

Now the ruling oligarchies have struck again, this time through the federal budget. The U.S. government has a huge military/security budget. It is as large as the budgets of the rest of the world combined. The Pentagon, CIA, and Homeland Security budgets account for the $1.1 trillion federal deficit that the Obama administration forecasts for fiscal year 2012. This massive deficit spending serves only one purpose--the enrichment of the private companies that serve the military/security complex. These companies, along with those on Wall Street, are who elect the U.S. government.

The U.S. has no enemies except those that the U.S. creates by bombing and invading other countries and by overthrowing foreign leaders and installing American puppets in their place.

China does not conduct naval exercises off the California coast, but the U.S. conducts war games in the China Sea off China’s coast. Russia does not mass troops on Europe’s borders, but the U.S. places missiles on Russia’s borders. The U.S. is determined to create as many enemies as possible in order to continue its bleeding of the American population to feed the ravenous military/security complex.

The U.S. government actually spends $56 billion a year, that is, $56,000 million, in order that American air travelers can be porno-scanned and sexually groped so that firms represented by former Homeland Security Secretary Michael Chertoff can make large profits selling the scanning equipment.

With a perpetual budget deficit driven by the military/security complex’s desire for profits, the real cause of America’s enormous budget deficit is off-limits for discussion.

The U.S. Secretary of War-Mongering, Robert Gates, declared: “We shrink from our global security responsibilities at our peril.” The military brass warns of cutting any of the billions of aid to Israel and Egypt, two functionaries for its Middle East “policy.”

But what are “our” global security responsibilities? Where did they come from? Why would America be at peril if America stopped bombing and invading other countries and interfering in their internal affairs? The perils America faces are all self-created.

The answer to this question used to be that otherwise we would be murdered in our beds by “the worldwide communist conspiracy.” Today the answer is that we will be murdered in our airplanes, train stations, and shopping centers by “Muslim terrorists” and by a newly created imaginary threat--”domestic extremists,” that is, war protesters and environmentalists.

The U.S. military/security complex is capable of creating any number of false flag events in order to make these threats seem real to a public whose intelligence is limited to TV, shopping mall experiences, and football games.

So Americans are stuck with enormous budget deficits that the Federal Reserve must finance by printing new money, money that sooner or later will destroy the purchasing power of the dollar and its role as world reserve currency. When the dollar goes, American power goes.

For the ruling oligarchies, the question is: how to save their power.

Their answer is: make the people pay.

And that is what their latest puppet, President Obama, is doing.

With the U.S. in the worst recession since the Great Depression, a great recession that John Williams and Gerald Celente, along with myself, have said is deepening, the “Obama budget” takes aim at support programs for the poor and out-of-work. The American elites are transforming themselves into idiots as they seek to replicate in America the conditions that have led to the overthrows of similarly corrupt elites in Tunisia and Egypt and mounting challenges to U.S. puppet governments elsewhere.

All we need is a few million more Americans with nothing to lose in order to bring the disturbances in the Middle East home to America.

With the U.S. military bogged down in wars abroad, an American revolution would have the best chance of success.

American politicians have to fund Israel as the money returns in campaign contributions.

The U.S. government must fund the Egyptian military if there is to be any hope of turning the next Egyptian government into another American puppet that will serve Israel by continuing the blockade of the Palestinians herded into the Gaza ghetto.

These goals are far more important to the American elite than Pell Grants that enable poor Americans to obtain an education, or clean water, or community block grants, or the low income energy assistance program (cut by the amount that U.S. taxpayers are forced to give to Israel).

There are also $7,700 million of cuts in Medicaid and other health programs over the next five years.

Given the magnitude of the U.S. budget deficit, these sums are a pittance. The cuts will have no effect on U.S. Treasury financing needs. They will put no breaks on the Federal Reserve’s need to print money in order to keep the U.S. government in operation.

These cuts serve one purpose: to further the Republican Party’s myth that America is in economic trouble because of the poor: The poor are shiftless. They won’t work. The only reason unemployment is high is that the poor had rather be on welfare.

A new addition to the welfare myth is that recent middle class college graduates won’t take the jobs offered them, because their parents have too much money, and the kids like living at home without having to do anything. A spoiled generation, they come out of university refusing any job that doesn’t start out as CEO of a Fortune 500 company. The reason that engineering graduates do not get job interviews is that they do not want them.

What all this leads to is an assault on “entitlements”, which means Social Security and Medicare. The elites have programmed, through their control of the media, a large part of the population, especially those who think of themselves as conservatives, to conflate “entitlements” with welfare. America is going to hell not because of foreign wars that serve no American purpose, but because people, who have paid 15% of their payroll all their lives for old age pensions and medical care, want “handouts” in their retirement years. Why do these selfish people think that working Americans should be forced through payroll taxes to pay for the pensions and medical care of the retirees? Why didn’t the retirees consume less and prepare for their own retirement?

The elite’s line, and that of their hired spokespersons in “think tanks” and universities, is that America is in trouble because of its retirees.

Too many Americans have been brainwashed to believe that America is in trouble because of its poor and its retirees. America is not in trouble because it coerces a dwindling number of taxpayers to support the military/security complex’s enormous profits, American puppet governments abroad, and Israel.

The American elite’s solution for America’s problems is not merely to foreclose on the homes of Americans whose jobs were sent offshore, but to add to the numbers of distressed Americans with nothing to lose the sick and the dispossessed retirees, and the university graduates who cannot find jobs that have been sent to Chine and India.

Of all the countries in the world, none need a revolution as bad as the United States, a country ruled by a handful of selfish oligarchs who have more income and wealth than can be spent in a lifetime.


Link (http://www.globalresearch.ca/PrintArticle.php?articleId=23265)

Nitro Express
02-18-2011, 03:29 PM
The New York Stock Exchange has merged with the German stock exchange so it's corporate globalism and not just Wall Street anymore. Basically the western banking system has collapsed and they are trying to steal everything not nailed down. Obama is in bed with these guys so the Democrats better wake up and get rid of Obama and run someone else this next election. Obama has sold his own party and everyone else out.

FORD
02-18-2011, 03:52 PM
Dean/Feingold 2012 !

FORD
02-18-2011, 06:57 PM
http://www.youtube.com/watch?v=NFtaDD0JA_c

FORD
02-18-2011, 08:20 PM
http://www.youtube.com/watch?v=d3wAOViOItg

ELVIS
02-18-2011, 09:32 PM
Does Hartmann think his dirty wrinkled queer jeans are helping his image ??

FORD
02-18-2011, 09:38 PM
That's the only comment you have after watching that clip?:duh:

Terry
02-18-2011, 09:51 PM
The rich don't give a shit about the poor.

Fairly obvious, but worth saying anyway.

Now that the economy is global, US corporations don't have to rely on a goal of a fully employed American workforce in order to ensure their profits. Most of these financial institutions don't really involve themselves with tangible products, anyway. Why bother opening a plant in America when they can just invest in Chinese products and companies?

However, the American public willingly stuck their heads in the sand for so long, content to scramble for the crumbs and vote for political hacks who promised easy quick fixes to intricate problems that we're pretty much getting what we deserve.

Nobody's got the balls to organize, and even if they did the entire power structure (police, lawmakers, military, banks) has already been bought and paid for.

It's useless to resist.

Have a nice day:)

kwame k
02-18-2011, 10:03 PM
http://i286.photobucket.com/albums/ll103/realtodd/resistance-is-futile-demotivational-poster-1224896780.jpg

BigBadBrian
02-19-2011, 06:00 AM
Dean/Feingold 2012 !

:lmao: :lmao: :lmao: :lmao: :lmao:

Nickdfresh
02-19-2011, 09:28 AM
Wall Street versus the Poor and the Middle Class: Obama’s FY 2012 Budget Is A Tool Of Class War
...
China does not conduct naval exercises off the California coast, but the U.S. conducts war games in the China Sea off China’s coast.

The U.S. also doesn't mass large numbers of missiles, occasionally firing them near their foe, in order to menace a "renegade province" despite the fact that the majority of people in said renegade province do not want to be governed by the Chinese Communist Party (of corrupt, autocratic capitalists)...


Russia does not mass troops on Europe’s borders, but the U.S. places missiles on Russia’s borders....

Apparently, this guy is ignorant of Chechnya and a little European nation called Georgia...

ELVIS
02-19-2011, 10:40 AM
Nobody's got the balls to organize, and even if they did the entire power structure (police, lawmakers, military, banks) has already been bought and paid for.

It's useless to resist.

Have a nice day:)

I hope you enjoy being a slave...

ELVIS
02-19-2011, 10:50 AM
That's the only comment you have after watching that clip?:duh:

Creepy eyes Hartmann blaming hopelessness and corruption on Reagan,,,whatever...

It's sad that you believe that...

Then, creepyeyes heartmann says "we no longer have a democracy."

We never did...the clip is bullshit!


:elvis:

FORD
02-19-2011, 01:33 PM
It's time to put the criminal banksters in prison cells next to Bernie Madoff. They make him look like an amateur.


http://www.youtube.com/watch?v=NaChvg7habI

ELVIS
02-19-2011, 01:39 PM
*yawn*

ELVIS
02-19-2011, 01:40 PM
Mike Mallow is gonna be jealous of you licking the nuts of Creepy Eyes Hartmann...:biggrin:

FORD
02-19-2011, 01:51 PM
Mike Mallow is gonna be jealous of you licking the nuts of Creepy Eyes Hartmann...:biggrin:

Oh don't worry about that. Mike's still on the same page with Thom and myself.......


http://www.youtube.com/watch?v=woLPcCee2Y4

ELVIS
02-19-2011, 01:53 PM
The creepy page...

FORD
02-19-2011, 02:29 PM
Good thing this is the Sabbath, because I have a feeling JC would send you straight to Hell if He saw you siding with the criminal banksters. :(

ELVIS
02-19-2011, 02:51 PM
I don't side with anyone...

FORD
02-19-2011, 04:03 PM
Matthew 25 (http://www.biblegateway.com/passage/?search=Matthew+25%3A31-46&version=NIV) makes it clear who you should side with here.

What would Jesus do, Gregory?

ELVIS
02-19-2011, 04:06 PM
I have oil in my lamp...

I don't need to rely on the system to take care of me...

I learned that from Jesus, fool...

FORD
02-19-2011, 04:12 PM
“Then he will say to those on his left, ‘Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels. For I was hungry and you gave me nothing to eat, I was thirsty and you gave me nothing to drink, I was a stranger and you did not invite me in, I needed clothes and you did not clothe me, I was sick and in prison and you did not look after me.’

“They also will answer, ‘Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?’

“He will reply, ‘Truly I tell you, whatever you did not do for one of the least of these, you did not do for me.’

“Then they will go away to eternal punishment, but the righteous to eternal life.”

I suggest you learn how to play "Hell Ain't A Bad Place To Be" on guitar. You're gonna need it.....


http://www.youtube.com/watch?v=77TOYSiIoMI

Terry
02-19-2011, 08:07 PM
I hope you enjoy being a slave...

I try not to think about it too much...how do you cope?

Seshmeister
02-19-2011, 09:10 PM
I have oil in my lamp...

I don't need to rely on the system to take care of me...

I learned that from Jesus, fool...

That's not true at all though is it?

You need the system to provide cops because if there was anarchy you would be fucked.

You need the system to look after the roads so that you can get around and so that you can have your shops supplied.

You need the system to provide a tax and legal framework so that you can make money from BP.

You need the system to ensure you have utilities including safe water and electricity.

You need the system to educate the general population so that the country can generate wealth.

You need the system to test and protect you from dangerous drugs and food.

You need the system to promote religious superstitions.

I could go on for hours but I'm boring even myself... :)

ELVIS
02-19-2011, 09:36 PM
I'm very supportive of local and state government...

But I don't need the system to provide me with a job, healthcare or retirement...

FORD
02-19-2011, 09:47 PM
I'm very supportive of local and state government...

But I don't need the system to provide me with a job, healthcare or retirement...

Well, you admitted that your job doesn't provide you with healthcare, even though your job IS healthcare.

So if that's the case, who will?

Seshmeister
02-19-2011, 10:20 PM
I'm very supportive of local and state government...

But I don't need the system to provide me with a job, healthcare or retirement...

I don't know what you do for a job but since 40% or 50% of people work for the system I think it's really likely that without them you would be in trouble.

Also remember that the way that pensions work is that the money you are putting in just now is being spend on pension payments.

ELVIS
02-19-2011, 10:53 PM
I haven't worked as a nurse in nearly two years...

I work for myself...

ELVIS
02-19-2011, 10:55 PM
Everyone depending on the government dole is wrong and unsustainable...

Nitro Express
02-19-2011, 11:05 PM
Everyone depending on the government dole is wrong and unsustainable...

Especially the bankers and corporations who are on the government dole. You have to love that welfare for the rich. You can run the company into the ground but the government will save you.

Nitro Express
02-19-2011, 11:06 PM
The lazy poor are on the dole and the rich are on the dole. The middle class gets ruined paying for both.

Nitro Express
02-19-2011, 11:08 PM
Anyone who thinks the government cares about them or expects the government to take care of them deserves what's coming to them.