Geithner says it’s Wrong to Cap Bankers Bucks. It’s WROOOOONG!

by Scott Creighton

"It's wrong! WROOONG!"

"It's wrong! WROOONG!"

Well, it’s official; there will be no caps set on the salaries of the CEO’s and top officials of the banks that received TARP funds.  That, according to Team DLC Obama™ Brand, would just be wrong. “It’s wrooong!”

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Barack Obama is Not “the greatest man of our generation”

The Miracle of Chile comes to America

by Scott Creighton (reposted on March 12th 2012)

Recently I communicated with someone I knew from a previous life; back when I had a future.  This friend is a liberal and an accomplished artist who is committed to the craft of his work and the teaching of others who are lucky enough to learn from him.  “A Life in the Theater”; it was a noble ambition of mine but an achievement of his. And for that he deserves great respect.

In an advisory position, he once tried to get me to step outside myself, to look at a situation from a different perspective and to put aside my previous prejudices, my fears, and my anger just long enough that I may avert a pending disaster.  I tried but ultimately failed and thus a great turn took place in the direction of my life, the repercussions of which were immeasurable. Had I the wisdom or the openness to understand his warnings at the time, perhaps a different life would have been mine. Perhaps not.

But in so much as I should have heard the words of my then adviser and taken them to heart, for my sake as well as for those around me, I have to ask the same of that man now.

I have to ask that he hear not the anger, not the bitterness, not “political euphemisms” or “personal animosities” that make it altogether too easy to dismiss the validity of my claims and the claims of millions of others.

I have to ask of him what he did once of me;  just listen.

Barack Obama is not “the greatest man of our generation“.

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What’s good for GM…

by Jerry White, WSWS

The bankruptcy of General Motors is a major turning point in the history of economic and political life in the United States.

The industrial giant—once the largest and most profitable enterprise in the world—defined American capitalism for much of the 20th century. Its massive presence in the US economy inspired the famous 1953 remark by GM Chief Executive Charles Wilson: “What was good for the country was good for General Motors and vice versa.”

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Obama administration targets the working class

by Patrick Martin, WSWS

In compelling GM to file for bankruptcy, Obama is giving the signal to all of corporate America to attack the jobs, wages, pensions and health benefits fought for by working people in the course of more than a century. The full power of the US government is being used to set an example of making the working class pay for the crisis of capitalism.

[read the rest, here]

Chrysler workers oppose more concessions

“He was a Trojan horse…”

For the woman at the end of the video, for her and all the UAW workers who don’t know what their future holds, I made the following cartoon when I read your comment “He was a trojan horse…” in an article at WSWS a couple days ago and I am re-posting it again today.

The Obama Horse!

The Obama Horse!

Obama’s auto task force: a collection of Wall Street investors and asset strippers

by Jerry White, WSWS

President Obama’s auto task force has a March 31 deadline to approve updated restructuring plans by General Motors and Chrysler LLC under terms of the federal loan agreement. The task force—which has the power to revoke the loans and has not ruled out the use of the bankruptcy courts—is pressing for sharp reductions in the wages and benefits of autoworkers and a drastic downsizing of the auto industry.

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General Motors to Invest $1 Billion in Brazil Operations — Money to Come from U.S. Rescue Program

Russ Dallen, Latin American Herald Tribune

General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”

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