The phony debt ceiling crisis was, from beginning to end, a con. It was an elaborate and successful hoax in which the nation's first black president, the Democratic AND Republican parties, Wall Street and corporate media all played indispensable parts. The object of the supposed “crisis” was to short circuit public opinion, change existing law, gut the democratic process and traditions of public oversight, all in order to deal fatal blows to Medicaid, Medicare, social security, job growth and public expenditures for the common good. It worked. We've been conned.
When the Bush and Obama administrations bailed out the banksters in 2008, 2009 and 2010 they didn't print new warehouses of greenbacks and send them over in a fleet of trucks. The Federal Reserve simply opened its spreadsheets, and wrote numbers with lots of zeroes crediting the banksters' accounts. It literally created the new money by giving it away, and next proceeded to borrow those funds back from the banksters at interest. The debt ceiling crisis was nothing but those same banksters twirling their mustaches and oinking like pigs, “Hey, we don't think you (the government that created the money by giving it to them) can really afford to repay all these loans you've been taking out... We might have to downgrade your credit rating...”
The Second Actor: Corporate Media
The second key actor in the con was and is the corporate media establishment. Media is nothing less than the sum total of 'adjusting' the public conversation line up on one side or the other. Our corporate media is owned by a tiny group of greedy billionaires (5) and soulless corporations who get to decide what most of us see and hear, what gets in and what gets left out and what we THINK....thus driving supposedly public conversation in the direction THEY DICTATE. So corporate media cynically repeated the bankster's doubts about getting their free money paid back.
Over the years, corporate media moguls have manufactured an entire Matrix-like world of fake “money experts” and economists who assured us in the 90s that tech stocks would never go down, and in the 2000s that real estate prices would never decrease, and always that lower taxes on the rich would trickle down to create jobs for the poor.In reality, YOU HAVE BEEN HAD!
The Third Actors: Republicans and the Co-Opped tea party
Every good cop needs a bad cop. This is the role played by Republicans,throughout the Obama presidency (and the Democrats throughout the Bush years) and has been to refuse the president's pre-emptive compromises to meet them fifty, seventy, ninety percent of the way, moving the goal ever to more indebtedness. Along the way a secondary function is to gratuitously insult the president, sometimes in openly racist terms, thus enabling some of the president's backers to try to rally black and progressive support around him despite his utter abandonment of any progressive agenda...AND YOU FELL FOR IT!
The Fourth Actors, Hand Wringing Democrats, Progressives, and the Black Establishment
Last week we decided that Barack Obama, far from being weak, vacillating, and too spineless to stand up for the tens of millions of working and poor people who elevated him to office, was simply smarter than they were. Barack knows what side he's on.... only Democrats and so-called “progressives” don't know, or pretend not to know.
Every abusive relationship has two parts. There's an abuser, who does what he does, and there's an enabling victim who forgives and makes excuses for the abuser. When Democrats and progressives waste ink and air on President Barack Obama trying to “make him do it” or discoursing on his “weakness” and lack of progressive backbone, they are effectively enabling his serial abuse by ascribing it to curable causes open to democratic remedies rather than deliberate intent and the people-proof mechanisms of their own party and of US governance in general. They enable their abuser.
The Directors of the Skit: Wall Street and Corporate America
Was there every really any danger of the US going broke? The holders of US Treasury bonds didn't try to unload them with this horrific train wreck a mere 24 hours distant. That was because they knew the train and the tracks were imaginary, they knew it was a hoax. They knew that President Obama could have declared it a foolish stunt and ignored it. They knew they would get their money any ####ed way. If you don't think dependence on corporate money, as a politician, or say as the National Urban League, whose keynote address this weekend was delivered by billionaires Bill Gates, makes you subservient to a corporate agenda, you're living in some other world. All the actors in this drama live at the corporate trough. AT YOUR EXPENSE!
The Deal: Supercommittees, Automatic Cuts, and Default Governing By Budget Cutting
With all the players acting their parts, the rigged game produced its expected outcome. Contrived in the imaginary universe where trickle down economics are the accepted norm, The Deal contains no new taxes on corporations,banks and the wealthy.
President Obama announced that he has averted a crisis with more than a trillion dollars in immediate spending cuts, a number much higher than the value of the stimulus package passed at the beginning of his administration. A bipartisan “super-committee” of perhaps only a dozen Senate and House members will earmark a further $3 trillion in near term budget cuts, which will be submitted to Congress as up-or-down no-amendment, take-it-or-leave-it votes.... And should Congress reject them, a round of automatic budget cuts dictated by some unknown formula will ensue. Medicare, Medicaid, social security, environmental protection and much more will inevitably fall. NO MENTION OF THE FACT THAT THE DEBT WAS INCREASED BY ALMOST 8 TRILLION!
Thus on the strength of a single vote in Congress drummed up by this fake crisis, the will of the American people has been subverted. Medicare, Medicaid and social security, if put up for popular votes would all win. If Congress had to debate them under scrutiny and take votes in public on them, Wall Street and the corporations would lose and the people would win. But that's the purpose of a modern political “crisis:” to engineer the enactment of measures on behalf of elites that normal political processes would not allow.
Welcome to Fascism's future, where people still don't realize they are in A ONE PARTY SYSTEM where turns are taken playing 'good cop-bad cop' and at the hight of the contrived 'emergency' the day is saved by cutting rights and benefits. Where we continue to send sons and daughters to fight 'wars' that have NOTHING to do with freedom or honor and traumatize the participants for LIFE!
Let The flames begin!
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