More on Obama's Capitulation and Betrayal

December 10th, 2010

by Stephen Lendman

With help from Democrats controlling both Houses, Obama put a criminal cabal in charge of furthering the greatest wealth transfer in history. In the process, he's hollowing out America, eliminating the middle class, centralizing power, eroding social services, destroying jobs and communities, and creating poverty, unemployment, homelessness, hunger, a permanent underclass, and depravation under militarized homeland repression.

A man of the people promising change, in fact, is a shameless demagogue, a serial liar, a hardline corporatist serving big money wealth and power against ideals candidate Obama professed. He facilitated a Wall Street coup d'etat, lavished handouts on other corporate favorites, and now his latest December 6 betrayal, capitulating to Republicans on tax cuts for the rich and super-rich, throwing crumbs at working Americans to soothe public anger. A previous article explained, accessed through the following link:

Read more »

Class Warfare or Financial Narcissism?

December 10th, 2010

Jeff Gates

Is America the target of class warfare? That claim, though widely made, misses the point. The problem is more serious and the long-term effects far more troubling. Though the facts are compelling, that conclusion is misleading.

In 2007, 1% of U.S. households claimed 24% of the national income. Those figures were compiled well before a debt-induced recession cost the jobs of millions of Americans. And well before the payment this year of a $144 billion bonus to Wall Street’s elite.
The topmost 1% now owns 34% of all private net worth; the bottom 90% owns 29%. Is that evidence of class warfare or is there something else at work?

Read more »

Voices Share this page submit to reddit
       

Your donation helps provide a place for people to speak out. thepeoplesvoice.org P.O. Box 159113 Nashville, TN 37215 Not tax deductible. editor@thepeoplesvoice.org

Search

Articles and Writers Old TPV
December 2010
Sun Mon Tue Wed Thu Fri Sat
 << < Current> >>
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

Referred by Liberty
Just Foreign Policy Iraqi Death Estimator

XML Feeds

b2
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor