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Don't Get Snookered by Obama
Reforms
By
Junious Ricardo
Stanton
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Nearly two years
after the major
banks and financial
firms drove the
financial system and
the economy as a
whole into the
ground through their
reckless
profiteering and
speculation, the
so-called “reform”
avoids any genuine
reform of the
financial system and
places no serious
restraints on the
activities of the
most powerful
financial companies.
In important
respects, it
increases the power
of the biggest banks
and sets the stage
for even more
frenzied speculation
and risk-taking.—WSWS |
The US mind control apparatus
constantly cranks out the ruling
elite’s propaganda line, a lot
of
lies and disinformation for
public consumption. It's
designed so we will be more
easily duped, manipulated, and
controlled. Last week the media
reported on the passage of the
so called
financial reform legislation.
Keep in mind the media’s job is
to promote the ruling
oligarchy’s lies, not tell the
truth, so don’t be snookered.
Barack Obama raised almost a
billion dollars in campaign
funds most of it came from Wall
Street, the major hedge funds,
the insurance companies, the
pharmaceutical companies, the
military industrial complex
defense companies, lawyers and
other special interests. If you
doubt what I’m saying go to
Open Secrets to see
how much he raised, from what
sources and how much has been
spent. I say this so you will
not be snookered regarding the
legislation Obama and Congress
are supporting and passing now
and in the future.
For example, the so called
Health Care Reform bill was
really a
pay back to the insurance
companies for donating money
to the Obama and the Democrats.
It has nothing to do with
providing low cost, quality
health care to all Americans
because it won’t. All it does is
make it mandatory for all of us
to secure and pay for health
insurance. So called universal
coverage means we all have to
have it. Just so you know, the
health insurance trade
association actually wrote the
bill! Check it out for yourself.
Despite the numerous lies Obama
told us about his goals for
health care, the bill will not
reduce your health insurance
costs. In fact due to the hidden
taxes within the bill we
taxpayers will be hit with even
more taxes further draining more
of your money. Plus if you don’t
get health insurance, the IRS
will come after you. How’s that
for “change” you can believe
in?!
The so called Financial Reform
legislation the US Senate passed
last week fits the same mold as
Obama’s health bill scam, it’s a
pay off to the big financial
institutions. It’s the Democrats
repaying the very same sleazy
characters who caused the
banking and financial collapse
in the first place. This bill
does nothing to regulate or
control hedge funds or the
trillion dollar
Ponzi schemes that turned
Wall Street into a giant casino.
It didn’t restore the Depression
era
Glass-Steagall Act which the
Clinton administration repealed
to lay the groundwork for the
massive speculation, fraud and
the collapse we are now
experiencing. Nor does it create
anything like a
Glass-Steagall Act which
would prevent the collusion/
manipulation amongst commercial
banks, insurance companies or
investment brokers. Nor will it
eliminate the need for
additional bail outs in the
future. It’s all a big sham.
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It does not restore
the legal wall
between commercial
banking and
investment banking,
a central reform
carried out during
the Depression of
the 1930s to prevent
deposit-taking
commercial banks
from engaging in the
high-risk
speculation that is
the bread and butter
of investment banks
and brokerages. The
weakening and final
removal of this wall
in 1999 during the
Clinton
administration
encouraged the wave
of speculation and
swindling that led
to the collapse in
September 2008. It
does not cap
executive
compensation. It
does not eliminate
or seriously limit
trading in
derivatives, the
complex and opaque
financial
instruments that
played a central
role in the collapse
of American
International Group
(AIG) and threatened
to topple the entire
banking system.
Instead, the bill
sets up what some
have called a
Potemkin village of
regulatory
structures with
little real
substance, which
Wall Street banks
will have little
difficulty
manipulating and
gaming.—Obama’s
toothless banking
overhaul to become
law
(Barry Grey 16 July
2010)
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Don’t be snookered!
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Speaking of snookered, don’t be
fooled or caught up in the
corporate media’s promotion
of the
NAACP’s phony war on the so
called Tea Party. The NAACP
is a toothless tiger scratching
for headlines anyway and
anywhere they can get them. It
is trying to remain relevant in
an era when for most Africans in
America it is anything but. If
the NAACP was politically astute
they would realize the Tea Party
is no threat to black people. It
is a grass roots, divergent
group of frightened, white folks
who perceive their government
has betrayed them. If the NAACP
had done their homework they
would know
Dick Armey the former US
Congressman and Republican House
Majority Leader who as head of
FreedomWorks, an
organization dedicated according
to its Website to lower taxes,
less government, and more
freedom for everyone, is
actually funding many of the Tea
Party gatherings and rallies. In
fact they have one coming up in
September in Washington D.C.
The
Teabaggers, as they are
derisively called, are being
used by people like
Sara Palin and
Glen Beck to co-op very
legitimate anti-government
sentiment percolating beneath
the surface in this country to
give the illusion of grass roots
support for the Republican
Party; a party which but for the
distrust of government by
Teabaggers and assorted
right wingers would be extinct .
White folks are scared. They
are losing their homes, filing
for bankruptcy at higher rates
than ever before and they have
lost confidence in the
government to address their
concerns. This is the essence
of the
teabag phenomenon. They
aren’t even a real political
party.
Yes much of their
ire is because Barack Obama is
bi-racial which scares them
even more. Part of it is because
Joe and Jane Sixpack now
realize the ruling elites have
abrogated their covenant with
non-rich whites by deliberately
destroying the US economy with
casino capitalism, bailing
out the fat cat culprits and
leaving working class whites
like themselves holding the bag.
They know the
kleptocrats on Wall Street,
in D.C. and London are sending
their jobs overseas, allowing
millions of illegal immigrants
to take jobs for less money at a
time when their union benefits
and pensions are in danger of
being taken away. They are angry
because their wages still remain
stagnant or they are losing
their jobs altogether. They see
their standard of living
collapsing before their very
eyes and it frightens them. They
hear talk of austerity and
cutting their benefits while the
US government wages ever more
costly wars around the globe.
This is why they are so vocal at
their rallies and
demonstrations. They are
directing their anger, angst,
and frustration at Obama, who
they see as the symbol of a US
government gone wrong. (For
black folks this is business as
usual except for a token brown
family in the White House.) Poor
whites see
Wall Street getting away
with major larceny yet reaping
huge compensation packages. They
see mining companies,
BP and
Haliburton getting away with
safety violations, they see them
endangering their workers and
despoiling the environment with
impunity while the government
agencies that are supposed to
regulate them were asleep at the
switch or their workers were
caught watching porn on their
work computers.
At the recent NAACP convention,
in an effort to get some press
coverage the NAACP attacked a
bunch of scared and duped white
folks. Then to make matters
worse they failed to do their
due diligence and got caught on
the wrong side of the
Shirley Sherrod issue. When
the truth came to light, the
NAACP leadership made themselves
look even more pathetic by
saying a
Tea Party representative
snookered them. If the Tea
Party was so racist and such a
bad organization, why didn’t the
NAACP do their own research to
find out what was going on at
the
Department of Agriculture?
The NAACP leadership also
claimed Fox News snookered them!?
Duh, that’s what Fox news does
on a daily basis, snooker its
viewers on behalf of a right
wing fascist agenda. If the
NAACP hasn’t figured that out by
now, they are even more out of
it than I thought.
From The
Ramparts
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The Life of the Tea Party: There
are conflicting polls about the
tea party rank and file
Poll Finds Tea Party Backers
Wealthier and More Educated
Meet Joe and Jane [Six-Packs]
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'The Rachel Maddow Show' or Wednesday, July 21st, 2010
(Transcript)
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Roots of the Southern strategy /
Negrophobia: The Republican strategy for winning future
elections
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Negrophobia—blanqueamiento, mestizaje, moreno, indio, de
color—Negrophobia is an intense and profound fear of
black people and of blackness. It is the companion to
the ideology of blanqueamiento, or whitening
intergenerationally through reproductive and
acculturating practices denominated mestizaje, which is
at the core of Latin American and Caribbean racial
systems. Because of this, Negrophobia has generally
assumed paradoxical forms. On the one hand, blackness is
a stigmatized socioracial status, and blacks are
subjected to racist stereotyping. On the other hand,
race mixture is implicitly encouraged in the service of
blanqueamiento. Thus, there is often a dissonance
between negrophobic ideology and actual reproductive
practices.—JRank
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How the GOP Became the White Man’s Party /
The Southern Strategy Comes of Age
Steele Admits "Southern Strategy" /
Rachel Maddow—Steele admits GOP southern strategy
The Southern
Strategy /
Nixon's Southern Strategy
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Super Rich: A Guide to Having it All
By Russell Simmons
Russell Simmons knows firsthand that
wealth is rooted in much more than the
stock
market. True wealth has more to do with
what's in your heart than what's in your
wallet. Using this knowledge, Simmons
became one of America's shrewdest
entrepreneurs, achieving a level of
success that most investors only dream
about. No matter how much material gain
he accumulated, he never stopped lending
a hand to those less fortunate. In
Super Rich, Simmons uses his rare
blend of spiritual savvy and
street-smart wisdom to offer a new
definition of wealth-and share timeless
principles for developing an unshakable
sense of self that can weather any
financial storm. As Simmons says, "Happy
can make you money, but money can't make
you happy." |
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The New Jim Crow
Mass Incarceration in the Age of
Colorblindness
By Michele Alexander
Contrary to the
rosy picture of race embodied in Barack
Obama's political success and Oprah
Winfrey's financial success, legal
scholar Alexander argues vigorously and
persuasively that [w]e have not ended
racial caste in America; we have merely
redesigned it. Jim Crow and legal racial
segregation has been replaced by mass
incarceration as a system of social
control (More African Americans are
under correctional control today... than
were enslaved in 1850). Alexander
reviews American racial history from the
colonies to the Clinton administration,
delineating its transformation into the
war on drugs. She offers an acute
analysis of the effect of this mass
incarceration upon former inmates who
will be discriminated against, legally,
for the rest of their lives, denied
employment, housing, education, and
public benefits. Most provocatively, she
reveals how both the move toward
colorblindness and affirmative action
may blur our vision of injustice: most
Americans know and don't know the truth
about mass incarceration—but her
carefully researched, deeply engaging,
and thoroughly readable book should
change that.—Publishers
Weekly |
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The White Masters of the
World
From
The World and Africa, 1965
By W. E. B. Du Bois
W. E. B. Du Bois’
Arraignment and Indictment of White Civilization
(Fletcher)
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Ancient African Nations
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If you like this page consider making a donation
* * * * *
Negro Digest /
Black World
Browse all issues
1950
1960
1965
1970
1975
1980
1985
1990
1995
2000
____ 2005
Enjoy!
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The Death of Emmett Till by Bob Dylan
/
The Lonesome Death of Hattie Carroll
/
Only a Pawn in Their Game
Rev. Jesse Lee Peterson Thanks America for
Slavery /
George Jackson /
Hurricane Carter
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The Journal of Negro History issues at Project Gutenberg
The
Haitian Declaration of Independence 1804
/
January 1, 1804 -- The Founding of
Haiti
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ChickenBones Store
(Books, DVDs, Music, and more)
posted 27
July 2010
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