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Obama: Money Power's Point Man

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Obama is money power's point man. He takes orders and salutes. He prioritizes destroying America's social contract. Domestic budget cuts will be made on the backs of ordinary people.

On January 14, he did what he does best. He lied. He's a serial liar. He's a moral coward. In the White House East Room, he held his final first term press conference . Duplicity substituted for truth.

Republicans and Democrats agreed years ago to erode vital social benefits en route to eliminating them altogether. Obama pretends otherwise.

"They (Republicans) will not collect a ransom in exchange for not crashing the American economy," he said.

"The financial well-being of the American people is not leverage to be used. The full faith and credit of the United States of America is not a bargaining chip."

Remember years earlier. He stressed "shared sacrifice." Left unexplained then and now is who shares and who sacrifices.

Things haven't changed. Rhetoric belies hardline policies. Political theater conceals harsh realities.

Duopoly power runs America. Global monied interests own it. Not a dime's worth of difference separates Democrats from Republicans. On issues mattering most, they're in lockstep.

Ordinary Americans have been targeted for decades. Since the mid-1970s, average inflation adjusted incomes for most people fell. 

People struggle to get by. Growing millions are impoverished. Real unemployment is 23%. It nearly matches Great Depression levels. Hunger and homelessness are major problems. Force-fed austerity is planned when stimulus is vitally needed.

Obama doesn't explain. Media scoundrels don't hold his feet to the fire. Right-wing ones attack him for the wrong reasons. The Wall Street Journal headlined "Obama Escalates Debt Fight," saying:

His message was "confrontational." He drew "battle lines." They've "hardened ahead of the next budget fight." The Journal warned about hitting America's "borrowing limit."

The nation's debt ceiling is more illusion than fact. It's practically automatically raised when reached or shortly after. 

Neither party wants voters blaming them for crashing the economy. Reality takes precedence over bluster, scoring political points, and one-upsmanship.

Journal editors said more. They editorialized " The Next Tax Increase ," saying:

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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Mr. Lendman it is nice to read a man who so well k... by Skyler Trombly on Wednesday, Jan 16, 2013 at 12:52:19 PM