Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   3 comments

General News

Still in search of the American dream

By       Message Pepe Escobar     Permalink
      (Page 2 of 2 pages) Become a premium member to see this article as one long page.
Related Topic(s): ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Well Said 2   Valuable 2   Must Read 1  
View Ratings | Rate It Headlined to H2 9/6/12

Author 73066
Become a Fan
  (162 fans)
- Advertisement -
The collapse of Lehman Brothers -- the US' fourth largest investment bank -- will be four years old next week. That was the straw that broke the financial camel's back -- unleashing a global disaster that still lingers. To quote Rimbaud, this financial Drunken Boat is what actually swallowed what would have been a global epiphany; Obama's 2008 victory. 

True, expectations were so immense he could not possibly meet them, even though he appeared, and positioned himself, as the ultimate personification of Hope. Eventually, Obama seems to have been reduced to the role of just a cog in the infernal machine. 

The bottom line -- despite all the soaring heights reached by Michelle and Bubba; Obama won't be the new Roosevelt. There won't be any New Deal -- among other reasons because Republicans have done the impossible to sabotage it. 

Still, Michelle and Bubba were brilliant enough to make legions forget that Obama didn't crack down on Wall Street; the Justice Department, for instance, won't prosecute Goldman Sachs. That income inequality in the US keeps getting worse. That some of the US' most profitable corporations paid less than zero taxes between 2008 and 2010.[3] That only five too-big-to-fail mega-banks control 56% of the US economy. That the absolute majority of jobs created during the Obama administration are only low-wage. 

Yesterday's gone ... yesterday's gone. Michelle and Bubba, at least rhetorically, have relieved the American dream. But how equipped is Obama -- the man and the leader, not the myth -- to deliver the real deal? 

1. See  here  
2.  Hillary reinforces US-China mistrust, Global Times, Sep 4, 2012
3.  Thirty Of America's Most Profitable Companies Paid 'Less Than Zero' In Income Taxes In Last 3 Years: Report, The Huffington Post, March 11, 2011 
- Advertisement -
- Advertisement -

Next Page  1  |  2


- Advertisement -

Well Said 2   Valuable 2   Must Read 1  
View Ratings | Rate It

Pepe Escobar is an independent geopolitical analyst. He writes for RT, Sputnik and TomDispatch, and is a frequent contributor to websites and radio and TV shows ranging from the US to East Asia. He is the former roving correspondent for Asia (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Why Putin is driving Washington nuts

You Want War? Russia is Ready for War

Why Qatar wants to invade Syria

All aboard the New Silk Road(s)

It was Putin's missile?

Where is Prince Bandar?