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Grand Bargain Betrayal Coming

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  • job cuts and greater unemployment;

  • increased deficits and debt; and

  • destruction of safety net protections.

Combined assures third world status. Black said Obama prioritizes it. We're forewarned but does it matter? Few Americans understand what's coming. 

Grand bargain betrayal is planned. It's come in stages like boiling a frog. It doesn't know it's dinner until too late. 

Social America is on the chopping block for elimination. It's been happening incrementally for decades. Democrats are in league with Republicans. Their agenda assures intolerable pain and suffering for ordinary people.

Standard & Poor's and other rating agencies endorse it. They're corporate tools. They mostly represent Wall Street and other financial interests. S&P's marching orders called for downgrading US credit to AA+. It did so in August 2011, saying:

"The markets have spoken and anyone who continues to insist that entitlements or taxes are off the table is condemning the US to second rate economic status and a permanent downgrade."

"America's credit rating is at a crossroads. We can choose to heed this message by finishing the deficit reduction job with a balanced plan that is composed mainly of entitlement cuts, closing tax loopholes and defense cuts, or we can squabble while our global standing continues to sink." 

"The markets have spoken and anyone who continues to insist that entitlements or taxes are off the table is condemning the US to second rate economic status and a permanent downgrade."

S&P targeted safety net protections. Including defense and tax loopholes reflected pro forma deception. Whatever benefits America's imperium, Wall Street, other corporate favorites, and super-rich elites is sacrosanct and untouchable.

Expect fast and loose deception to conceal it. Obama's an old hand at it. He's a con man. He's Wall Street's man. They chose him and expect four more years of subservience. He won't disappoint.

Forewarned is forearmed. "(W)e do not need to unravel the safety net and doing so would harm our nation," said Black. Ideologues are wrong about what's best for America. 

Throughout his political career, Obama's been a stealth Republican. His voting record proves it. Reelecting him serves elitist interests well. They know what they want and got it.

Stephen Lendman lives in Chicago and can be reached at Email address removed

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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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Third world status indeed! This has been careful... by Paul Repstock on Sunday, Nov 11, 2012 at 8:15:50 AM
Obama doesn't OWE the 'money powers' as much as he... by MadAngel on Sunday, Nov 11, 2012 at 11:06:29 AM
Then KumbayaBama will cave in to everything the fi... by 911TRUTH on Sunday, Nov 11, 2012 at 11:32:56 AM
 Mr. Lendman,  What is the story on Arge... by Ad Du on Sunday, Nov 11, 2012 at 4:43:52 PM
Get stuffed!... by Hunter McClain on Sunday, Nov 11, 2012 at 7:13:48 PM