The seeds for President Obama’s demagogic press conference on Thursday were planted last summer when he assigned his right-wing Committee of 13 the role of resolving the obvious and inevitable Congressional budget standoff by forging an anti-labor policy that cuts Social Security, Medicare and Medicaid, and uses the savings to bail out banks from even more loans that will go bad as a result of the IMF-style austerity program that Democrats and Republicans alike have agreed to back.
The problem facing Mr. Obama is obvious enough:
He has double-crossed them - smoothly, with a gentle smile and patronizing patter talk, but with an iron determination to hand federal monetary and tax policy over to his largest campaign contributors:
President Obama’s solution has been to do what any political demagogue does:
So here’s the deal the Democratic leadership has made with the Republicans.
The Republicans will run someone from their present gamut of guaranteed losers, enabling Mr. Obama to run as the “voice of reason,” as if this somehow is Middle America.
This will throw the 2012
election his way for a second term if he adopts their program - a set of
rules paid for by the leading campaign contributors to both parties.
They are even
further to the right than
George W. Bush could have achieved. At least a
Republican president would have confronted a Democratic Congress blocking
the kind of program that Mr. Obama has rammed through. But the Democrats
seem stymied when it comes to standing up to a president who ran as a
Democrat rather than the Tea Partier he seems to be so close to in his
President Obama signaled this long in advance, at the outset of his administration when he appointed his Deficit Reduction Commission headed by former Republican Sen. Simpson and Rubinomics advisor to the Clinton administration Bowles to recommend how to cut federal social spending while giving even more money away to Wall Street.
He confirmed suspicions of a sellout by
reappointing bank lobbyist Tim Geithner to the Treasury, and tunnel-visioned
Ben Bernanke as head of the
Federal Reserve Board.
They represent predatory financial interests
that are impoverishing the economy. This is not democracy. It is financial
oligarchy. And oligarchies do not give their victims a voice.
There’s no solvable path within the way that the
economy and the political system is structured these days. Any attempt to
come up with a neat “fix-it” plan can only suggest bandages for what looks
like a fatal political-economic wound.
So earlier last week, voters brought steel oil
drums to their own Occupation outside the Althing and banged when the Prime
Minister started to speak, to drown out her advocacy of the bankers (and
foreign vulture bankers at that!).
Hence, any debts that are claimed, and any real
estate or public enterprises given sold off to the creditor powers under
distress conditions, can be reversed once voters are given a democratic
voice in whether to impose a decade of poverty on the country and force
The cure will follow logically from the diagnosis.
The role of OccupyWallStreet is to diagnose the financial polarization and corruption of the political process that extends right into the Supreme Court, the Presidency, and Mr. Obama’s soon-to-be notorious Committee of 13 once the happy-smoke settles from his present pretensions.