OBAMA SEEMS TO BE "WRONG FOOTED" IN HIS APPROACH TO THE CURRENT CRISIS...
HE IS TRYING TO "STABILIZED" THE BANKING SYSTEM FIRST...
THEN, DO THE NEEDED MIDDLE CLASS "SOCIAL SAFETY NET" AGENDA... LIKE HEALTH CARE AND REBUILDING THE US PRODUCTIVE ECONOMY...AND FUNDING SOCIAL SECURITY....MUCH, MUCH LATER!!
THIS WILL NOT WORK...AND WILL TURN THE BAILOUT WEARY AMERICAN PUBLIC AGAINST OBAMA VERY QUICKLY!
HERE'S WHY:
THE UNDERLYING CAUSES OF THE CRISIS WERE TOXIC FREE TRADE WHICH ALLOWED THE ECONOMY TO BE LOOTED ...AND A LACK OF UNIVERSAL HEALTH CARE WITH THE RESULTING "DE-INDUSTRIALIZATION"...DURING 20 YEARS OF WRONG HEADED RAY-GUN-OMICS AND FREE TRADE BULLSHIT.
AND OF COURSE A GREENSPAN FED THAT WAS OUT OF CONTROL...IN FAVOR OF SPECULATION ON WALL STREET AND PERMA-ASSET BUBBLES AS THE WAY TO "GROWTH."
THE BANKS AND THE FED WERE THE "BAD BOYS" WHO DESTROYED THE SYSTEM...AND STOPPED ALL PROGRESSIVE IDEAS...LIKE UNIVERSAL HEALTH CARE...AND SENSIBLE TRADE AND INDUSTRIAL POLICIES...
SO JUST BAILING OUT THE GREENSPAN/RUBIN BANKING/HEDGE FUND THEIVES WILL DO NOTHING TO "RIGHT THE SYSTEM."
AND OBAMA'S STRANGE EMPHASIS ON "WEATHERIZING" FEDERAL BUILDINGS ASAP...IS PURE BULLSHIT...
I MEAN IS THAT THE BEST HE CAN DO FOR THE MIDDLE CLASS AT THIS POINT IN THE SYSTEMIC COLLAPSE...?
IF SO...WE ARE SO FUCKIN DOOMED!!
THE PROPOSED $700 BILLION IN PORK WILL NOT ONLY NOT SOLVE ANYTHING...IT WILL IMMEDIATELY MAKE THINGS MUCH MUCH WORST...AS MONEY IS SPEND ON COLLATERAL PET PROJECTS...AND THE REAL PROBLEMS ARE IGNORED YET AGAIN!!
CONSIDER:
ANY MIDDLE CLASS "TAX CUT" WILL LIKELY BE SAVED....OR SPENT ON SOARING HEALTH CARE COSTS...OR OTHER DEBT SERVICE.
AND EVEN IF IT IS "SPENT"... IT WILL ONLY INCREASE THE TRADE DEFICIT WITH CHINA...
BETTER TO SPEND THAT MONEY TO GIVE THE MIDDLE CLASS SOME REAL HOPE FOR THE FUTURE....
PERHAPS HOPE THAT THE HEALTH CARE SYSTEM WILL BE CHANGED...
AND THAT TOXIC FREE TRADE BULLSHIT WILL NOT CONTINUE TO LOWER WAGES AND CUT JOBS...
WITHOUT HOPE THAT THE "REAL PROBLEMS" ARE BEING ADDRESSED...JUST GIVING ORDINARY PEOPLE ANOTHER GOVERNMENT CHECK WILL BE COMPLETE BULLSHIT...
OBAMA WILL ONLY HAVE ABOUT 60 DAYS TO GET THIS RIGHT...
IF HE CONTINUES DOWN THE ROAD OF WAFFLING AND BULLSHITING...
THE AMERICAN PUBLIC WILL TURN ON HIM QUICKLY...
SIMPLY PUT...
OBAMA IS THINKING TOO SMALL...TOO TIMID
SO AS NOT TO "OVER-PROMISE"...
BUT THIS...SADDLY AT A TIME WHEN HE SHOULD BE OUTLINING "THE GRAND BARGAIN" THAT WILL QUICKLY UPLIFT THE PUBLIC MOOD...AND ESPECIALLY THE MIDDLE CLASS.
TRUST ME...PROCLAIMING INSULATION PROJECTS FOR FEDERAL BUILDINGS WILL NOT DO IT...
OBAMA SEEMS TO BE SAYING TO THE PUBLIC:
WE HAVE NOTHING TO FEAR EXCEPT POORLY INSULATED COURT HOUSES AND POLICE STATIONS...THEMSELVES...
IF THERE IS A GRAND BARGAIN FOR THE MIDDLE CLASS...LETS HEAR IT...
LEAVE THE "RECOVERY PLAN" A/K/A "PORK ON STEROIDS" FOR LATER.
