BDBoop
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Joseph A. Palermo: The Perils for Obama of Not Talking About Poverty in America
I'm sending this article to Obama.
Did Obama really think he could "jump start" the economy by leaving millions of home "owners" to the tender mercies of Chase, Wells Fargo, and Bank of America? Did he really believe he could "stimulate" the economy with a largely Republican package of tax incentives when virtually every dollar of federal "stimulus" money was erased by draconian budget cuts at the state and local levels? Does he really think that "triggers" inside the debt ceiling "deal" are going to have a moderating influence on his nemeses among the Far Right?
Without a significant tax hike on the richest people in this country the $825 billion bailout of the big investment banks and insurance companies of September 2008 represents a massive transfer of wealth from working people to Wall Street and another hit against ordinary taxpayers. Where's the fairness in that? Where's Obama's sense of outrage toward those who ransacked the middle class? Why doesn't he feel any righteous anger toward those who promulgated the terrible policies during the Bush years that kicked the country to its knees economically? Why is Obama so implacable and emotionless in the face of those who have done so much damage to the country he supposedly loves? That guy really must have ice water running through his veins. He simply takes in stride the onslaught that has so crippled the nation, destroyed the lives of millions of unemployed Americans who had no responsibility whatsoever in bringing about this sorry state affairs. He and other "leaders" sit on the sidelines while many of our most important public institutions that bind us together as a people are ruined or cut back to nothing including public schools, public health, public services, public parks, public safety.
I'm sending this article to Obama.