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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Obama Meets his Prestitute Megaphonies to Prep “Fiscal Cliff” Compromise Propaganda

by Scott Creighton

Barack Obama has every intention of betraying his base… once again, this time on the subject of crippling “austerity” measures (read as “IMF structural reform package”) that will be “needed” to avoid the ever looming mythical fiscal cliff. So he called a special meeting with some of the left-wing propaganda peddlers to have a little off-the-record meeting at the White House. The idea is to get the talking points directly to the megaphonies so there’s no communication divide while at the same time expressing to them their personal importance to the administration, capitalizing on their feelings of entitlement in order to ensure they will strive their hardest to convince their audiences that something that is in their worst interest is actually in their best interests. To lie to their fans for the president and his neoliberal agenda in other words.

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Real Danger of “Obamacare”: Insurance Company Takeover of Health Care

by Naomi Pins

Election rhetoric shuns the big picture in favor of the bigger platitude. Now that The Show is over, we are left with the equivalent of a Sunday morning hangover following a binge of promises and lies. We leave the theatre of political spectacle on steroids for the real world of unstable economy, a globally and publicly subsidized financial sector, and increased costs of living on everything from food to education to health-care; outpacing declining median incomes. The average cost for health insurance for a family is $15,745 per year vs. a median income of $50,502, or about half post-tax take-home pay.

“Obamacare” is the name commonly used for the Patient Protection and Affordable Care Act (PPACA) of 2010. The very moniker is indicative of how name-and-image-centric our world has become; Medicare was never called “Johnsoncare” when President Johnson signed it into law in 1965 and Johnson was not exactly a man of small-personality. At any rate, Obamacare or the PPACA ranks as one of the most misrepresented issues from the campaign, by both sides of the ever-slimming aisle.

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Charter Schools Save Money? Think Again – $500,000 Bonus to a Failed Charter Principal

by Scott Creighton

student at Young’s Motel 6 High School

School didn’t have computers, a library or even cafeteria services and the money the for-profit school saved by cheating 181 kids out of a decent education, they apparently divided up among themselves when the gig was finally up in Orlando. Christ, according to their recent evaluation, they couldn’t even teach English!

When you think about charter schools, you think about someone trying to sell the “public/private partnership” in terms of saving taxpayers some money. It’s simply not true. It costs more per student to educate through a charter school system and most studies show the education they receive is rather substandard at best. No accountability, no morals.. the WalMartization of Education is at hand.

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Spanish Townsfolk, Our Monster: Now What Are We Going to Do About It?

by Scott Creighton

UPDATE 3:The French, Spanish and Greek governments all announced multibillion-euro austerity plans yesterday in the face of massive popular opposition.”

UPDATE 2: Slavery in the UK. The unemployed are being forced to work for major British corporations, for free, just so they can continue to receive their unemployment benefits. This plan is the same as one attempted here in the states, one that still has a great deal of support in congress. Imagine the profits retailers could pocket if they got free seasonal workers during the holiday buying season.

UPDATE: In Dubai, one of our close economic allies, they call slave owners “sponsors” and fine their slaves if they attempt to take their own lives when the desperation of their true situation becomes too unbearable to live with.

I found myself thrown away and I thought of my poor family back home. I felt desperate and decided I should die,” she said. The National

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While Americans cheer for the return of  zebra striped officials to the NFL games today, the Spanish, the Greeks and many others across Europe are fighting for their very lives and the freedom to determine the quality of them on their own. Our apparent lack of concern is understandable when you consider that what they are desperately struggling against is in a large part, our creation. Not only is Dr. Frankenstein disinterested in the harm his creation inflicts on the people around him by choice, but the townsfolk themselves willingly turn a blind eye and a deaf ear to the cries of their neighbors in nearby villages just so long as the monster feeds elsewhere.

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Spainish Anti-Austerity Protests Spreading

by Scott Creighton

The IMF “austerity measures” are nearly the exact same thing that we have imposed on other nations for decades. They were called the “economic brick” when Milton Friedman and his Chicago Boys imposed them on the people of Chile in 1973 after Kissinger and the CIA orchestrated the violent overthrow and murder of their elected president Salvador Allende on Sept. 11th, 1973.

The people of Spain are saying “no”. Let’s hope the rest of the world will as well and soon. We have to get off our asses here as well. Left cover or not, these fascists will take everything from us, no one is safe. The sooner you understand that, the better we will all be.

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Pure Brutality: Riot Police in Madrid Attack Auterity Protesters

by Scott Creighton

The Dark Knight pictured this the other way around and for that I called it pure propaganda. The riot squads across the world are using brute force to repel the people of their own communities as they struggle for social and economic justice in the face of the same crushing austerity measures that Obama himself will be pushing during the lame duck session of congress this year. They were swinging away at young girls and hitting men in the back as they tried to calm the crowds.

“Skirmishes continue between protesters and riot police in Madrid, with cops firing rubber bullets and tear gas at the crowd. Fourteen people have been injured and 22 arrested, local media report.

Madrid emergency services have confirmed that at least 14 people, including three policemen, have been injured in clashes between police and protesters. One of the wounded is believed to be in critical condition, according to local news.

Riot Police belted protesters, dragging some them by the arms and legs, who had tried to get through police lines. An uneasy order was restored and police have brought in reinforcements and have begun to try and disperse the crowd.

Thousands of activists have congregated in Madrid’s Plaza de Neptune, 100 meters from the Congress building, to protest Spanish austerity measures.” RT

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The War on Drugs is Just a Turf War: Feds Arm Cartels and Banks Reap the Profits

by Scott Creighton

Our society is run by insane people for insane objectives. I think we’re being run by maniacs for maniacal ends and I think I’m liable to be put away as insane for expressing that. That’s what’s insane about it.” John Lennon

Many people know that Wachovia Bank had to admit to laundering 378.4 billion dollars in drug money between 2004 and 2007 and that they paid a mere 160 million in fines to avoid prosecution. What they don’t know is that the money was from a drug cartel in Mexico that the DEA and the Justice department supported as part of a program called “Divide and Conquer” which was designed to weed all the other drug gangs out and leave the one cartel, our cartel, in place.

In short, our banks laundered the money while the government looked the other way or even helped the Sinaloa Cartel bring the drugs into Chicago (there’s that town again) while providing thousands of illegal weapons to the cartel under programs like “Fast and Furious” which they used to murder other drug lords, police, and everyday citizens (and more than a few journalists and politicians who dared to open their mouths).

Now to me, if it’s the US government providing the weapons, the logistics, the protection from prosecution, the lethal hits on the competition, and the resources to launder the cash, then it’s the US government who is actually the drug cartel with the Sinaloa’s providing nothing but cover.

I mean, after all, we are guarding the heroin fields in Afghanistan. Guess someone wants a monopoly on all the illicit drugs in the world just like they want a monopoly on the oil fields, healthcare, GMO corn,  and the central banks.

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Various Spin on the Terrorist Bombings in Syria as the Destabilization Campaign Rolls On

by Scott Creighton

The recent bombings in Syria and their deadly civilian toll has brought a great deal of attention to the U.S./NATO destabilization campaign in that country. Some news agencies like Press TV have now taken to referring to the situation in Syria as a “destabilization campaign” and that’s a good start though I wouldn’t expect Fox and CNN to follow suit anytime soon. And don’t expect “dissidents” on the left like Amy Goodman or Chris Hedges to point this out either. Maybe in 25 years when the files are declassified the American public will get the truth but by then there will be none of us conspiracy theorists left to report on it.

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