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America's Deplorable State of the Union

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Stephen Lendman
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He deplores people needs. He believes whatever government does, business does better so let it. Reform on his watch is a four-letter word. Social justice is verboten. 

He enforces a repressive police state apparatus. Fundamental freedoms are eroding. 

He's heading the nation toward insolvency, tyranny and ruin. Roosevelt promised change and delivered. Obama prioritizes it solely for rich elites, Wall Street backers, war profiteers, and other corporate favorites.

He pretends he cares. He's a con man. He calls for job creation while destroying them. Over 25 million working age Americans are unemployed. Tens of millions more are underemployed. Poor jobs substitute for decent ones.

Wages don't keep up with inflation. Benefits are disappearing. Increasingly most Americans are on their own. The worst is yet to come.

Progressive Radio News Hour regular Jack Rasmus says except for America's wealthiest 10%, median household spending lags badly.

What's occurring transacts via credit cards, installment and student loans. Incomes are inadequate. Savings are fast depleting.

"Consumer spending based on real income gains is just not happening for the middle class." Expect conditions to "seriously worsen," he warns.

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VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

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