Obamanomics: Waging War on American Workers - by Stephen Lendman
Since taking office, Obama shamelessly betrayed his constituents by:
-- ignoring popular needs during America's greatest economic crisis since the Great Depression;
-- giving Wall Street crooks trillions of taxpayer dollars;
-- spending another $1.5 trillion annually on militarism, imperial wars, and related policies at a time America has no enemies;
-- waging war on organized labor and public education, as well as civil and human rights; and
-- claiming "tough choices" demand class warfare through neoliberal austerity for working Americans, mainly middle and lower income ones least able to afford it.
On April 13, he announced his latest plan through $4 trillion in largely social spending budget cuts over the next 12 years. More on them below.