Five years of Obama’s “recovery”

by Patrick Martin, WSWS

This week marks five years since the New York Stock Exchange hit its low point at the bottom of the financial crash that erupted with the collapse of Lehman Brothers investment bank. On March 6, 2009, Dow Jones Industrial Average hit its post-collapse low of 6,443. Three days later, on March 9, 2009, the S&P 500 hit its post-collapse low of 676.

Yesterday, at the close of stock trading for the week, the Dow Jones average closed at 16,452, up a colossal 10,000 points over five years, or 154 percent. The S&P 500 stood at 1,878, rising even faster than the Dow, gaining 170 percent over five years.

These are only the most striking of a barrage of numbers reported in recent weeks, demonstrating that for the US financial aristocracy, the Crash of 2008 has been used to engineer a historic redistribution of wealth.

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A bankers’ plan for Detroit

from the WSWS

The proposal submitted late last week by Emergency Manager Kevyn Orr to the federal court overseeing Detroit’s bankruptcy is a blueprint for a devastating attack on the working class of the city. The “plan of adjustment” would be better termed the “plan of destruction,” targeting pensions, health care and core public assets, including the world-renowned Detroit Institute of Arts (DIA).

Orr’s plan confirms the central premise of the Workers Inquiry into the Bankruptcy of Detroit held by the Socialist Equality Party on February 15: A crime is being perpetrated, one that is the product of a political conspiracy involving both big business parties and all the institutions of the state.

A New York Times article over the weekend compared, approvingly, what is taking place in Detroit to the restructuring of New Orleans after Hurricane Katrina in 2005. Indeed, the devastation wrought by Hurricane Katrina was used as an opportunity to depopulate sections of the city and go after basic social rights, including the handing over of public education to for-profit charter schools.

[read the rest, here]

Neoliberal Terrorism Decimates Distracted Nation While the Terrorists Write the Laws

by Scott Creighton

While we are distracted by little pressure-cooker bombs, shaking in our boots over internet radicalized extremists, the real terrorists are skimming off the entire wealth of the nation into their pockets, one city at a time. And while we worry about cointelpro ops breathlessly hypothesizing about “weather weapons” making tornadoes, the financial oligarchs are writing more legislation in order to enable them to do commit even more terrorism against us and our future generations.

It’s reality of the absurd and there’s just no other way of looking at it.

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“Wall Street’s Favorite Democrat” Looks to Deregulate Derivatives Even More

by Scott Creighton

Former Goldman Sachs executive and current national finance chairman of the Democratic Congressional Campaign Committee, called “Wall Street’s Favorite Democrat” by Bloomberg, Rep. Jim Himes (D-Conn.), is pushing a new bit of legislation to make it easier for Wall Street and Goldman Sachs to make piles of money setting up the next financial catastrophe just like they did back when they got Clinton to repeal Glass-Steagall.

The bill would “allow banks to keep commodity and equity derivatives in federally insured units,” Politico reported on Wednesday, meaning that banks would no longer be forced to spin off their trading desks. It would weaken Dodd-Frank’s “push out” provision, otherwise known as the Prohibition Against Federal Government Bailouts of Swaps Entities, which bars federal assistance from being provided to any swaps entity.

Himes, who was recently named the national finance chairman of the Democratic Congressional Campaign Committee, is a former executive at Goldman Sachs, where he was a vice president.” Huffington Post

Jim, like President Obama, was born to do the “good work” of neoliberalizing America and Europe. His daddy worked for the Ford Foundation and UNICEF  in Lima Peru. His father worked under the presidency of Fernando Belaúnde who was particularly favored by the U.S. at the time because he basically handed over the nationalized oil industry to Standard Oil. Belaunde was forced to resign under threat of military coup in late 1968 and the new government did horrendous things like started a land reform program giving land back to the people and nationalized the oil industry again. They were also setting up  deals coming closer to Cuba and the Soviet Union. Eventually the Good old U.S. of A got their man back in the saddle again in 1980.

As you can see, a very similar path to greatness that our Glorious Leader had. Born to the Ford Foundation and neoliberalized dictators in far away lands and he ends up running things in the Democratic party. Small world for these oligarchs ain’t it?

Cop “Accidentally’ Fires Gun in School – Guards in School Program Ends

by Scott Creighton

How do you stop the armed cops in school program that is helping to dissuade the population from agreeing to a complete disarmament of the citizens? Well, one way is to get a cop to “accidentally” discharge his firearm in an empty school hallway when he has absolutely no reason to be messing with his gun in the first place. Then you stand back and screech “Won’t SOMEBODY think of the CHILDREN!” That’s how.

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Globalist Jesus Worshiped at Golden Globes While the “Other’ CIA Film Received It’s Award

by Scott Creighton

Globalist Jesus slipped out on stage at the Golden Globes yesterday and the idol worship and false praise rang out loud and clear from all those Hollywood elites who were afraid to be seen not rejoicing in his splendor. His background didn’t matter, his brutal corporate history didn’t matter, his lies and betrayal of his wife and the honor of his office didn’t matter. All that matters is the fact that he is as rich as the ancient dictators of old and the fact that his fascist fingers grip power with the help of Hollywood’s new team of acclaimed writers: the Central Intelligence Agency.

It was a despicable display of Orwellian servitude by a group of soulless, talentless hacks risen to the ranks of what is laughably called “the A-List” simply because they will bow to their new morally bankrupt neo-liberal god-king.

globalist jesus

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Oscar Unchained: Dark Thirty Approaches

by Scott Creighton

All across the country the debate is raging: gun “nuts” verses the rational, reasonable pragmatics who wish to enact gun “control” on our society in response to all the senseless violence of the past 6 months. The “liberal” left and the “moderate” right are coming together as they have in the past on issues like extending the FISA warrentless wiretapping, the Global Free Market Wars, the TARP banker bailouts plan, NDAA 2012, constant warmongering sanctions on the people of Iran, keeping Gitmo open and torture. The pragmatic center which houses the likes of Brennan and Panetta and Clinton and the Bush clan are teaming up with the Hollywood elites to push for gun “control” in order to make us a safer society. Now is the time they say to take action to end this senseless violence in America.

But while they do that, and I mean right in the middle of this push, out comes today’s Oscar nominees and what films do you think lead the pack in the category of Best Film? “Zero Dark Thirty”, “Argo” and “Django Unchained”

Two films of admitted CIA propaganda justifying horrific violence and one of gratuitous desensitizing gun violence taken too an unprecedented and even comedic level.

This is the best of the year that Hollywood has to offer a country that is sick of undeclared wars, random drone strikes killing children and mass shootings in theaters, malls and elementary schools?

All this while an early Oscar favorite, a film that received a 10 minute standing ovation at the Toronto Film Festival, garnered not one single Oscar nomination. Not one. It’s message, perhaps it’s warning, was simple and completely ignored:

“Our lives are not our own. We are bound to others past and present. And by each crime and every kindness we birth our future”

What are we becoming?

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