In spite of Obama’s assurances that a recovery is underway and that he can see the light at the end of the tunnel the outlook for working people is bleak. What he really sees a political locomotive called the radicalization coming at him at full steam.
Six million have been out of work for over six months, 14 million are totally unemployed and another 10 million plus are underemployed. Because of union busting, austerity measures, and high, permanent, deliberately maintained unemployment wages are down across the board and profits are up. For youth and people of color this is the worst job market on record, surpassing the figures of the earlier depression. Unemployment continues to rise, jobs are being cut and wages reduced and now Obama and his Republican and Democrat cousins are going to slash Social Security and Medicare.
The WH and Congress are out of touch. Everything they do makes matters worse.
After 30 years of bipartisan attacks on unions, beginning with Carter and continuing under every president including Obama the living standards of the vast majority of working people have been severely reduced. The new jobs are mostly McJobs – 23 percent of the jobs lost in 2008 paid $9-$13 an hour while 49 percent of new jobs added are McJobs. 40 percent of the jobs lost paid ($19-$31 an hour and of the new jobs only 14 percent pay decent wages according to the National Employment Law Project. http://www.nelp.org/page/-/Justice/2011/UnbalancedGrowthFeb2011.pdf?nocdn=1
With the help of political prostitutes like Obama and the Congress ( with the probable exception of Bernie Sanders), the looters and banksters are using the new Depression to get richer. At a recent fundraiser for Obama in New York, where well to do Obots shelled out $35,800 per plate to have the ear of the man who’s given them trillions in bailouts and handouts, John Emerson, an Obama backer who’s president of Capital Guardian Trust Company, said “the president’s support for the Troubled Assets Relief Program and the measures that tightened financial regulations has bolstered his position with Wall Street… Candidly, the financial services industry hasn’t done too badly in the last year and half.”
Bloomberg Business Week reports “In the boardroom, it’s as if the Great Recession (sic) never happened…The typical pay package for the head of a company in the Standard & Poor’s 500 was $9 million in 2010…That was 24 percent higher than a year earlier.”
What to do, What to do?
The recovery, such as it is, is limited to the profitability of the banksters and big industry. Continuing a trend begun by Carter and continued by Reagan, the Bushes and Clinton, Obama is busting unions, exporting jobs, ignoring unemployment and poverty and giving handouts to the rich. Perhaps that explains that more than half of people in the U.S. consistently tell pollsters that the economy is in either a recession or depression. http://www.reuters.com/article/2011/04/28/us-usa-economy-gallup-idUSTRE73R3WW20110428
There is no recovery for working people and the BS from the WH claiming there is one has the effect of making the depression that much worse. They continue to impose austerity, refuse to grapple with unemployment and keep their eyes on their main prize – giving trillions to the rich and getting rich themselves in the process. The behavior or both Democrats and Republicans and the looters and banksters they serve is criminal. Obama’s rape of the UAW and his attack on federal workers combined with attacks by Cuomo, Brown, Walker and others on state public workers is driving the economy further and further towards further economic disaster.
The deficit obsession in Washington is an excuse to ramp up attacks on working people as Democrats and Republicans become increasingly blind to the reality on the ground – massive unemployment, poverty, homelessness, anger and unease over military escalation. In DC the password is “let them eat cake”.
The password for socialists and revolutionists is “Pour les vaincre, messieurs, il nous faut de l’audace, encore de l’audace, toujours de l’audace…!” The massive radicalization now underway is a bell that tolls for Democrats and Republicans alike. On Tuesday, November 6th, 2012 vote socialist, vote left or just sit it out. Instead of worrying about which right wing candidate wins concentrate on building mass movements to win our agenda.