On February 10, New York City’s new mayor,
Democrat Bill de Blasio, gave his first State of the City speech. Two days
later he presented his proposed budget for the 2015 fiscal year, which begins
July 1. Both the speech and the budget starkly illustrate the contrast between
his campaign rhetoric and reality—he has always represented the city’s
financial-corporate elite.
De Blasio’s plans are carefully designed to
satisfy the city’s corporate and financial establishment. When he presented his
budget he said, “There is nothing mutually exclusive between being both
fiscally responsible and economically progressive.” In translation, this means
that workers and the poor can expect at most a few crumbs and a few gestures,
while the needs of Wall Street are carefully attended to.
REALITY of HOPE & CHANGE…. will
we survive Wall Street’s ongoing looting?
State of the Union: A bankrupt
ruling class talking to itself
30 January 2014
President Barack Obama’s State of the Union speech was a cynical
propaganda piece, filled with fraudulent claims and promises that no one, least
of all his audience at the US Capitol, believes in the slightest.
With Obama’s speech Tuesday night one had more than ever the
sense of the president as chief representative of the financial aristocracy that rules America, speaking to a
house filled with millionaire congress members and bought-and-paid-for
representatives of big business.
The net worth of America’s billionaires
reached $1.2 trillion last year, more than
double what it was in 2009. Meanwhile,
median household income in the US
plummeted by 8.3 percent between 2007 and
2012.
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