Tuesday, June 9, 2009

Return to Hopelessness

Tens of millions of people where fooled into voting for Obama and the Democrats last November in the hope that the Democratic Party would reverse the policies of the Republican Party: militarism, attacks on democratic rights and the destruction of the living standards of working people. But the promises of "hope" and "change" have proven to be illusions. In this case, Obama has been a major disappointment.Some 13.5 million people are unemployed, according to the Bureau of Labor Statistics. In addition, another 6.7 million people were working fewer that 35 hours a week because of "slack work or business conditions," and more than 2.1 million are classified as "discouraged" and not seeking work. That brings the total unemployed or underemployed to more than 22 million people. It is critical for working people to understand the political meaning of these figures. Obama has summed up his economic philosophy as putting an end to unsustainable levels of consumption spending. It is clear whose consumption is to be cut: Not the luxuries and perquisites of the super-rich, but food, shelter, clothing, transportation, education and other basic necessities of the broad masses of working people.In this manner Obama has betrayed us. He has taken Single Payer health Care off the table. Recently he appointed an Internet Czar. Clearly a patronage job with a frivolous endeavor.So I must ask, where is that Anti Poverty Czar? Where is the Hope for the working Class and poor? Working people must recognize the Obama administration for what it is—the spearhead of an assault by the financial aristocracy. Obama's policies are not the result of inadequate understanding or bad advice. He is a conscious and willing political servant of the multimillionaires, doing what is necessary to defend their class interests both at home and abroad. We have now another inflationary economy coming this way. With gas prices up more than 75% again. Now we have another right turn. The Obama administration said there would be Trails for the people who tortured detainees at Gitmo. Here is a clear violation of Human Rights. This is the worse occurrence in world history since Nazi Germany. Yet The Democrats will not prosecute.This is a clear display of how the Democrats are complicit with the Republicans. And it is the two party system duopoly in conspiracy.How can we continually support an administration and Government that doesn't understand us anyway? Affordable housing to these are home valued at $150,000 here in New Jersey. While the same home in other states are priced at $54,000.
Of course the Democrats say we must support the CIA and Pentagon. The CIA and Pentagon are Secret Governments that shouldn't exist in a Democracy.The Tea Parties had no credibility since they where an example of getting our government to spare the wealthy of taxes.I went to the Tea Party Protests. They seemed like a celebration of ignorance. The signs where racist, low minded, and generally insulting. No one carried signs saying that the wealthy costs New Jersey close to eight billion dollars in taxes. And the citizens. The poor and workers have to pick the tab. Many communities are paying $9,000 in taxes. And some have no Fire department or Police. Yet there is no money for State Police.The Mortgage Bankers Association reported that 5.4 million of the 45 million US home loans were either delinquent or in foreclosure in the first quarter of 2009. The 12.07 percent delinquency and foreclosure rate is expected to rapidly rise under the impact of rising unemployment and underemployment. The Subprime and adjustable-rate mortgages are no longer the principal force of the foreclosure crisis. In the first quarter of 2009, the foreclosure rate for prime fixed-rate mortgages doubled, in comparison to 2008. It is now 6.06 percent, and these loans for the first time make up the largest share of new foreclosures. Home prices dropped 18.7 percent in March, compared to2008, according to Standard & Poor's Case-Shiller Index, covering 20 largest metropolitan areas. The defense of jobs, living standards and basic democratic rights begins with a decision to break with the two party system. This political situation can play out over and over again. Remember, in the 1970's Gerald Ford pardoned Nixon's Criminal administration. Than Gas Prices went up and many never recovered. That much need hand up never seems to come but for the few, who are already privileged.


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