WE ALL KNOW THAT BARACK OBAMA IS NOTHING MORE THAN GEORGE BUSH IN DRAG! His agenda of “change” is nothing more than no-strings bailouts for his bankster donors, and endless push for OPEN BORDERS, NO E-VERIFY, NO ENFORCEMENT OF LAWS PROHIBITING THE EMPLOYMENT OF ILLEGALS, AND ENDLESS HISPANDERING FOR THE ILLEGALS’ VOTES!
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BOTH FEINSTEIN AND BOXER voted to HAND SOCIAL SECURITY TO ILLEGALS, even as OBAMA CUT SSI to LEGALS, AND GOES OUT TO BORROW FOR THAT!
THERE ARE NOW 38 MILLION ILLEGALS IN OUR COUNTRY, AND 40 MILLION AMERICANS WITHOUT A JOB AND LIVING IN POVERTY!
“If the Republican Party is expected to make political gains, it is not because of any growth in popular support for its right-wing program of tax cuts for the wealthy, the slashing of spending on Social Security and Medicare, deregulation of business and increased militarism.”
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“Capitalist governments all over the world have followed the same course, borrowing huge sums to prop up the banks and investment houses. Now they are all engaged in efforts to make the working class pay for the bailout through wage cutting, the elimination of jobs, and drastic austerity policies aimed at dismantling what remains of the welfare state.”
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WSWS.org … get on their free no ads E-NEWS.
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US election campaign ends amid deepening economic crisis
By Patrick Martin
1 November 2010
The campaign for the midterm US election Tuesday is coming to an end under the shadow of an intractable and deepening economic crisis and the evident inability of the Obama administration to develop any policies to overcome it.
All 435 seats in the House of Representatives, 36 of the 100 seats in the Senate and governorships in 39 of the 50 states are at stake. The Democratic Party, which holds a 59-41 edge in the Senate and a 255-178 edge in the House, is expected to lose a significant number of seats in both houses, with media projections of a Republican takeover of the House but not the Senate.
These predictions are highly uncertain, however, since the exact scale of a Democratic Party defeat depends on the turnout, particularly among those groups, such as youth and minorities, who voted in huge numbers for Barack Obama in 2008.
Moreover, there is an enormous degree of manipulation in the media speculation about an impending “wave” election that would return the Republicans to power after two elections, in 2006 and 2008, in which they were repudiated massively by the American people and lost control first of Congress and then the White House.
The media coverage, particularly the incessant promotion of Tea Party elements as the supposed harbingers of a major shift in public opinion to the right, seems to be directed towards producing the desired result: a Republican takeover of at least the House of Representatives.
Careful examination of the opinion polls suggests a more cautious projection, with some 20 to 25 House Democratic incumbents significantly trailing their Republican opponents, little over half the 39 seats required to deliver a majority to the Republican Party.
The outcome for both House and Senate could come down to the counting and recounting of ballots for dozens of closely contested seats, with the inevitable appeals for court intervention to include or exclude ballots.
This is an increasing trend in American politics. The vote on November 2 comes ten years after the stolen election of 2000, when right-wing elements in the Republican Party, the military, the media and the US Supreme Court stepped in to suppress the counting of ballots in Florida and award the White House to George W. Bush.
If the Democratic Party does contrive to lose control of the House and/or Senate, it is fundamentally because of the widespread and justified sense of betrayal among working-class voters. The greatest disillusionment comes over the refusal of Obama and the Democrats to take any serious action to deal with the growth of mass unemployment, the explosive increase in foreclosures and evictions, and the spread of poverty on a scale not seen since the Great Depression.
In the election campaign that is concluding, the Democrats and Republicans have sought to conceal the objective realities of the capitalist crisis amid a barrage of media manipulation, distortion and mudslinging, fueled by an unprecedented outpouring of corporate cash.
More than $4 billion have been expended for and against the candidates of both parties, with the population bombarded with attack ads, smears and diversions whose effect is to deepen the alienation of the people from both parties and the entire electoral charade.
The election campaigns of the two big business parties have entirely avoided such critical issues as the war in Afghanistan, the continued US occupation of Iraq, the environmental catastrophe in the Gulf of Mexico brought about by BP, and the intensified assault on the democratic rights of the American people carried out in the name of fighting “terrorism.”
If the Republican Party is expected to make political gains, it is not because of any growth in popular support for its right-wing program of tax cuts for the wealthy, the slashing of spending on Social Security and Medicare, deregulation of business and increased militarism.
Pre-election polls have consistently shown that the Republican Party is even more despised than the Democrats, and that increasing numbers want an alternative to the existing political system. Nor is there any great upsurge of support for the Tea Party, an ersatz “movement” largely bankrolled by a handful of ultra-right billionaires.
The Republicans will profit from the failure of the Obama administration because the two-party system keeps the working class effectively disenfranchised, with official politics limited to the alternation in office of two right-wing, pro-Wall Street parties.
The Republican candidates have denounced the Obama administration for its failure to address the rising tide of joblessness. Obama and the Democrats have responded that their opponents want to turn the clock back to the policies of the Bush administration, which created the conditions for the Wall Street crash of September-October 2008.
The truth is that neither party has any solution to the crisis of American and world capitalism. The trillion-dollar bailout of Wall Street, begun under Bush and continued by Obama, temporarily stabilized the financial system and enabled the banks and hedge funds to reap huge profits and restore their outlandish CEO salaries and bonuses, but did not resolve the crisis.
Capitalist governments all over the world have followed the same course, borrowing huge sums to prop up the banks and investment houses. Now they are all engaged in efforts to make the working class pay for the bailout through wage cutting, the elimination of jobs, and drastic austerity policies aimed at dismantling what remains of the welfare state.
These austerity policies do not and cannot offer a way out of the crisis, since they are predicated on slashing domestic consumption, and consumer spending generates the bulk of economic activity. Nor can all the countries engaged in world trade simultaneously increase their exports and reduce their imports.
Instead, the slashing of labor costs to gain a competitive advantage for export industries results in a race to the bottom and the driving down of wage levels to the lowest common denominator.
Even the United States, the largest national economy, is subject to the dictates of the world market. This subordination to global forces is expressed in the steady decline in the value of the American dollar, which threatens to trigger a global crisis of confidence in the US currency and in US financial assets generally.
In the past month, the American dollar has for the first time in history fallen to below par against both the Canadian and Australian dollars, and to well below a 1-1 ratio with the Swiss franc. The dollar’s value against the yen has fallen to a 15-year low, and it now requires $1.40 to buy a single euro.
Under these conditions, the next US Congress, whether controlled by the Democrats or Republicans, or shared between them, will be compelled to embark on radical austerity policies. This is likely to be accompanied by a rise in interest rates at the hands of the Federal Reserve, carried out to defend the value of the dollar. Such a move will have a drastic impact on economic activity.
The stage has been set for austerity measures by Obama’s appointment of a bipartisan panel on the federal deficit, which is to report back to the White House and Congress December 1. The panel is expected to recommend some combination of increased consumption taxes, such as a national sales tax, and major cuts in benefit programs like Social Security, Medicare and Medicaid.
In his final appeals to the electorate, President Obama again signaled a turn to the right by his administration following Tuesday’s vote. He pledged in his Saturday radio address to “seek out common ground” with his Republican opponents. “There are some practical steps we can take right away,” he said, “not Democratic or Republican ideas, but proposals that have traditionally been supported by both parties.”
Under conditions where the US ruling class and both its parties are moving ever further to the right, and the American working people are moving to the left, a political break with the existing structure is the only way forward. The working class must make a decisive break with the two-party system and build an independent mass socialist party of its own.
In the struggles of the working class that erupt after the elections—against the destruction of jobs, living standards and democratic rights, and against imperialist war—the necessity for an independent political alternative will be directly posed before millions. The critical question is the building of the Socialist Equality Party to provide the necessary program and leadership.
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Shaping up to be the most corrupt
administration in American history:
• Obama’s team: Not the “best of the Washington insiders,” as the liberal media style them, but rather, a dysfunctional and dangerous conglomerate of business-as-usual cronies and hacks
• In the first two weeks alone of his infant administration, Obama had made no fewer than 17 exceptions to his “no-lobbyist” rule
• Why the fact that the massive infusion of union dues into his campaign treasury didn’t trouble him in the least reveals Obama’s credibility as a reformer
• The lack of unprecedented pace of withdrawals and botched appointments -- and how getting through the confirmation process was no guarantee of ethical cleanliness or competence, even as Obama’s cheerleaders were glorifying the Greatest Transition in World History
• Inconsistency: How Obama, erstwhile critic of the campaign finance practice known as “bundling,” happily accepted more than $350,000 in bundled contributions from billionaire hedge-fund managers
• How Obama broke his transparency pledge with the very first bill he signed into law -- helping make hostility to transparency is a running thread through Obama’s cabinet
• Michelle Obama: Beneath the cultured pearls, sleeveless designer dresses, and eyelashes applied by her full-time makeup artist, is a hardball Chicago politico
• Joe Biden: It’s not just that he lies, it’s that he lies so well that you think he really believes the stuff he makes up
• Treasury Secretary Geithner: His ineptness and epic blundering -- including how he nearly caused the collapse of the dollar in international trade with a single remark
• The appalling story of Technology Czar Vivek Kundra, the convicted shoplifter in charge of the entire federal government’s information security infrastructure
• Obama’s “Porker of the Month” Transportation Secretary, Roy LaHood: An earmark-addicted influence peddler born and raised on the politics of pay-to-play
• SEIU: Responsible for installing a cabal of hand-chosen officers who exploited their cash-infused fiefdoms for personal gain and presided over rigged elections -- in the process, becoming all that they had professed to stand against as representatives of the downtrodden worker
• How Obama lied on his “Fight the Smears” campaign website when he claimed that he “never organized with ACORN”
• ACORN: How the profound threat the group poses is not merely ideological or economic -- it’s electoral
• ACORN’s own internal review of shady money transfers among its web of affiliates: How it underscores concerns that conservatives have long raised about the organization
• Liar, liar, pantsuit on fire: How Hillary Clinton has already trampled upon her promise not to let her husband’s financial dealings sway her decisions as Secretary of State
• How even a few principled progressives are finally beginning to question the cult of Obama -- even as Obama sycophants in the mainstream media continue to celebrate his “hipness” and “swagga”
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GET THIS BOOK!
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Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses
BY TIMOTHY P CARNEY
Editorial Reviews
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.
Congressman Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.” And Johan Goldberg, columnist and bestselling author says, “Obamanomics is conservative muckraking at its best and an indispensable field guide to the Obama years.”
If you’ve wondered what’s happening to America, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.
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Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.
Investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics. In this explosive book, Carney reveals:
* The Great Health Care Scam—Obama’s backroom deals with drug companies spell corporate profits and more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics
If you’ve wondered what’s happening to our country, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages” that create make-work government jobs, this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.
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Praise for Obamanomics
“The notion that ‘big business’ is on the side of the free market is one of progressivism’s most valuable myths. It allows them to demonize corporations by day and get in bed with them by night. Obamanomics is conservative muckraking at its best. It reveals how President Obama is exploiting the big business mythology to undermine the free market and stick it to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide to the Obama years.”
—Jonha Goldberg, LA Times columnist and best-selling author
“‘Every time government gets bigger, somebody’s getting rich.’ With this astute observation, Tim Carney begins his task of laying bare the Obama administration’s corporatist governing strategy, hidden behind the president’s populist veneer. This meticulously researched book is a must-read for anyone who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama
“Every libertarian and free-market conservative who still believes that large corporations are trusted allies in the battle for economic liberty needs to read this book, as does every well-meaning liberal who believes that expansions of the welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul
“It’s understandable for critics to condemn President Obama for his ‘socialism.’ But as Tim Carney shows, the real situation is at once more subtle and more sinister. Obamanomics favors big business while disproportionately punishing everyone else. So-called progressives are too clueless to notice, as usual, which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History
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• Hardcover: 256 pages
• Publisher: Regnery Press (November 30, 2009)
• Language: English
• ISBN-10: 1596986123
• ISBN-13: 978-1596986121
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ARE AMAZED AT HOW UTTERLY BRAZEN THESE CORPORATE OWNED POLITICIANS ARE?
GET THIS BOOK!
Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
by Michelle Malkin
Editorial Reviews
In her shocking new book, Malkin digs deep into the records of President Obama's staff, revealing corrupt dealings, questionable pasts, and abuses of power throughout his administration.
From the Inside Flap
The era of hope and change is dead....and it only took six months in office to kill it.
Never has an administration taken office with more inflated expectations of turning Washington around. Never have a media-anointed American Idol and his entourage fallen so fast and hard. In her latest investigative tour de force, New York Times bestselling author Michelle Malkin delivers a powerful, damning, and comprehensive indictment of the culture of corruption that surrounds Team Obama's brazen tax evaders, Wall Street cronies, petty crooks, slum lords, and business-as-usual influence peddlers. In Culture of Corruption, Malkin reveals:
* Why nepotism beneficiaries First Lady Michelle Obama and Vice President Joe Biden are Team Obama's biggest liberal hypocrites--bashing the corporate world and influence-peddling industries from which they and their relatives have benefited mightily
* What secrets the ethics-deficient members of Obama's cabinet--including Hillary Clinton--are trying to hide
* Why the Obama White House has more power-hungry, unaccountable "czars" than any other administration
* How Team Obama's first one hundred days of appointments became a litany of embarrassments as would-be appointee after would-be appointee was exposed as a tax cheat or had to withdraw for other reasons
* How Obama's old ACORN and union cronies have squandered millions of taxpayer dollars and dues money to enrich themselves and expand their power
* How Obama's Wall Street money men and corporate lobbyists are ruining the economy and helping their friends In Culture of Corruption, Michelle Malkin lays bare the Obama administration's seamy underside that the liberal media would rather keep hidden.
Product Details
• Hardcover: 376 pages
• Publisher: Regnery Publishing (July 27, 2009)
• Language: English
• ISBN-10: 1596981091
• ISBN-13: 978-1596981096
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