Obama announced that the U.S. will station 2,500 U.S. troops in northern Australia.
SYNDICATED COLUMN: 7-7-7
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Jobless? Face It: Obama’s Not That Into You
Forget Herman Cain’s 9-9-9. The battle cry for every American ought to be 7-7-7.
7-7-7: for the $7.7 trillion the Bush and Obama Administrations secretly funneled to the banksters.
Remember the $700 billion bailout that prompted rage from right to left? Which inspired millions to join the Tea Party and the Occupy movements? Turns out that that was a mere drop in the bucket, less than a tenth of what the Federal Reserve Bank doled out to the big banks.
Bloomberg Markets Magazine reports a shocking story that emerged from tens of thousands of documents released under the Freedom of Information Act: by March 2009, the Fed shelled out $7.77 trillion “to rescuing the financial system, more than half the value of everything produced in the U.S. that year.”
The U.S. national debt is currently a record $14 trillion.
We knew that the Fed and the White House were pawns of Wall Street. What’s new is the scale of the conspiracy.
Even the most jaded financial reporters were stunned at the extent of collusion: “The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates.”
Citigroup earned an extra $1.8 billion by reinvesting the Fed’s below-market loans. Bank of America made $1.5 billion.
Bear in mind, that’s only through March 2009.
“Many Americans are struggling to understand why banks deserve such preferential treatment while millions of homeowners are being denied assistance and are at increasing risk of foreclosure,” wrote Representative Elijah Cummings, a ranking member of the House Committee on Oversight and Government Reform who is demanding an investigation.
Indeed we are.
This stinks. It’s terrible economics. And it’s unbelievably cruel.
First the economics. The bank bailouts were supposed to loosen credit in order to encourage lending, investment, job creation and ultimately consumer spending. It didn’t work. Banks and corporations alike are hoarding cash. President Obama, who promised 4 million net new jobs by earlier this year, has been reduced to claiming that unemployment would have been even higher without the bailouts.
Ask any business executive why nobody is hiring and they’ll blame the lack of consumer demand. If the ultimate goal is to put more money into people’s pockets, why not just, you know, put more money into people’s pockets?
Bank executives used federal taxdollars to pay themselves tens of billions in bonuses and renovate their corporate headquarters. We the people got 0-0-0. What if we’d gotten 7-7-7 instead?
Every man, woman in child in the United States would have received $24,000.
A family of four would have gotten $96,000.
And that’s without an income test.
New data from the U.S. Census Bureau shows that 100 million American citizens—one of out of three—subsists below or just above the official poverty line. Demographers, statisticians and economists were stunned. “These numbers are higher than we anticipated,” Trudi J. Renwick, the bureau’s chief poverty statistician, told The New York Times. “There are more people struggling than the official numbers show.”
For four decades progressive economists have warned that the middle-class was being eroded, that the United States would become a Third World country if income inequality continued to expand. They can stop. We’re there.
These poor and “near poor” Americans comprise the vast majority of the uninsured, un- and underemployed, and foreclosure victims. If Bush-Obama’s 7-7-7 Plan had gone to each one of these 100 million misérables instead of Citigroup and Bank of America, the IRS would have mailed out 100 million checks for $77,700 each.
This would have paid off a lot of credit cards. Kept millions in their homes, protecting neighborhood property values. Allowed millions to see a doctor. Paid for food.
A lot of the money would have been “wasted” on new cars, Xboxes—maybe even a renovation or two. All of which would have created a buttload of consumer demand.
If you’re a “99er”—one of millions who have run out of unemployment benefits—Obama’s plan for you is 0-0-0.
If you’re one of the roughly 20 million homeowners who have lost or are about to lose your house to foreclosure—most likely to a bank using fraudulent loan documents—you get 0-0-0.
If you’re a teacher asking for a raise, or a parent caring for a sick child or parent, or just an ordinary worker hobbling to work on an old car that needs to be replaced, all you’ll get is 0-0-0.
There isn’t any money to help you.
We don’t have the budget.
We’re broke.
You can’t get the bank to call you back about refinancing, much less the attention of your Congressman.
But not if you’re a banker.
Bankers get their calls returned. They get anything they want.
There’s always a budget for them.
They get 7-7-7.
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
SYNDICATED COLUMN: Our F— You System of Government
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Anti-Occupy Crackdowns Highlight Lack of Services
Governments are supposed to fulfill the basic needs of their citizens. Ours doesn’t pretend to try.
Sick? Too bad.
Can’t find a job? Tough.
Broke? Can’t afford rent? We don’t give a crap.
Forget “e pluribus unum.” We need a more accurate motto.
We live under a f— you system.
Got a problem? The U.S. government has an all-purpose response to whatever ails you: f— you.
During the ’80s I drove a yellow taxi in New York. Then, as now, there were no public restrooms in the city. At 4 in the morning, with few restaurants or bars open, the coffee I drank to stay awake posed a significant challenge.
It was—it is—insane. People pee. People poop. As basic needs go, toilets are as basic as it gets. Yet the City of New York, with the biggest tax base of any municipality in the United States, didn’t provide any.
So I did what all taxi drivers did. What they still do. I found a side street and a spot between two parked cars. It went OK until a cop caught me peeing under the old elevated West Side Highway, which later collapsed due to lack of maintenance. Perhaps decades of taxi driver urine corroded the support beams.
“You can’t do that here,” said the policeman.
“Where am I supposed to go?” I asked him. “There’s aren’t any restrooms anywhere in town.”
“I know,” he replied before going to get his summons book from his cruiser.
The old “f— you.” We create the problem, then blame you for the results.
I ran away.
In recent days American mayors have been ordering heavily armed riot police to attack and rob peaceful members of encampments allied with Occupy Wall Street.
Like NYC, which won’t provide public restrooms but arrests public urinators, government officials and their media allies use their own refusal to provide basic public services to justify raids against Occupations.
In the middle of the night on November 15th NYPD goons stormed into Zuccotti Park in lower Manhattan. They beat and pepper-sprayed members of Occupy Wall Street and destroyed the books in their library. Citing “unsanitary conditions,” New York’s billionaire mayor, Michael Bloomberg, then told reporters: “I have become increasingly concerned…that the occupation was coming to pose a health and fire safety hazard to the protesters and to the surrounding community.”
Four days before the police attack The New York Times had quoted a city health department statement worrying about the possible spread of norovirus, vomiting, diarrhea and tuberculosis: “It should go without saying that lots of people sleeping outside in a park as we head toward winter is not an ideal situation for anyone’s health.”
So why don’t they give the homeless some of the thousands of abandoned apartment units in New York?
Anyway, according to the Times: “Damp laundry and cardboard signs, left in the rain, have provided fertile ground for mold. Some protesters urinate in bottles, or occasionally a water-cooler jug, to avoid the lines at [the few] public restrooms.”
Of course, there’s an obvious solution: provide adequate bathroom facilities—not just for Occupy but for all New Yorkers. But that’s off the table under New York’s f— you system of government.
Doctors noted a new phenomenon called “Zuccotti cough.” Symptoms are similar to those of “Ground Zero cough” suffered by 9/11 first responders.
Zuccotti is 450 feet away from Ground Zero.
Which brings to mind the fact that the collapse of the World Trade Center towers released 400 tons of asbestos into the air. It was never cleaned up properly. Could Occupiers be suffering the results of sleeping in a should-have-been-Superfund site for two months?
We’ll never know. As under Bush, Obama’s EPA still won’t conduct a 9/11 environmental impact study.
Sick? Wanna know why? F— you.
One of the authorities’ most ironic complaints about the Occupations is that they attract the mentally ill, drug users and habitually homeless.
To listen to the mayors of Portland, Denver and New York, you’d think the Occupiers beamed in bums and nutcases from outer space.
When mentally disabled people seek help from their government, they get the usual answer: f— you.
When people addicted to drugs—drugs imported into the U.S. under the watchful eyes of corrupt border enforcement officers—ask their government for help, they are turned away. F— you again.
When people who lost their homes because their government said “f— you” to them rather than help turn to the same government to look for safe shelter, again they are told: “f— you.”
And then, after days and years and decades of shirking their responsibility to provide us with such staples of human survival as places to urinate and defecate and sleep, and food, and medical care, our “f— you” government has the amazing audacity to blame us, victims of their negligence and corruption and violence, for messing things up.
Which is why we are finally, at long last, starting to say “f— you” to them.
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
Advances in Third World Healthcare
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NGOs are doing good work in the developing world. But the US government is working against them.
SYNDICATED COLUMN: Down and Out at 1600 Pennsylvania Avenue
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What I Would Do If I Were Obama
Jobs, jobs, jobs. Throughout the presidency of Barack Obama, Americans have been preoccupied with jobs. Unemployed people need work. The underemployed need more work. The employed want salaries that go up instead of down.
The rich are worried too. The Depression of 2008-? is killing their stock portfolios.
Most presidents struggle to find the pulse of the people. Trapped in the D.C. bubble, they try to find out what voters want. Obama was lucky. He didn’t have to do that. The U.S. was in the midst of an epic economic collapse in January 2009, and has been ever since. It’s the only issue that everyone, rich to middle to poor, cared about. It still is.
In this single-issue environment, any idiot could have been a successful president. All Obama had to do was express sympathy and understanding while announcing a bunch of jobs initiatives.
Not hard.
Weirdly, though, Obama has focused on everything else except jobs: healthcare, gays in the military, gays getting married, more war against Afghanistan, new war against Libya, secret wars against Somalia and Yemen, the dreary showdown over taxes, budget cuts and the federal debt ceiling.
According to the latest ABC News/Washington Post poll, Obama’s approval rating is down to 39 percent. The crappy economy—and Obama’s inaction—is the simple cause.
“What Happened to Obama?” Drew Westen asked in a much-passed-around New York Times op-ed. It used to be just me. Now everyone sane agrees that Obama’s presidency has failed.
This is my favorite part of Westen’s postmortem: “Those of us who were bewitched by his eloquence on the campaign trail chose to ignore some disquieting aspects of his biography: that he had accomplished very little before he ran for president, having never run a business or a state; that he had a singularly unremarkable career as a law professor, publishing nothing in 12 years at the University of Chicago other than an autobiography; and that, before joining the United States Senate, he had voted “present” (instead of “yea” or “nay”) 130 times, sometimes dodging difficult issues.”
Westen is nicer than I am. He left out the fact that Obama had an undistinguished career as a U.S. Senator.
Is Obama a secret pawn of evil plutocrats? Does he suffer a character flaw alluded to in Westen’s piece, that he doesn’t know who he is?
Maybe. But I don’t think so. I think eight years of George W. Bush caused Americans to make a mistake. Obama was calm, so they assumed he was wise.
Obama is calm. He’s calm that it’s hard to tell if he’s sentient. But that doesn’t make him smart. Based on his record before and after becoming president, there’s a better-than-even chance that he’s not very smart.
Let’s be logical. Let’s assume that appearances don’t lie—that Obama doesn’t lose a wink of sleep over the fact that he’s presiding over a disaster that makes 9/11 look like a joke.
Let us further stipulate, for the sake of argument, that Obama isn’t stupid. That he’s merely another cynical and/or corrupt politician. If nothing else, Mr. Cynical (But Intelligent) Dirtbag ought to care about getting reelected.
Right?
If I were in Obama’s shoes, and I had any brains, if I wanted to turn those lousy poll numbers around, I’d hold press conferences to talk about jobs every day. I’d talk about jobs until the media was sick of it. Then I’d do it some more.
I’d spend two or three nights every week couchsurfing with families who were suffering, cameras rolling as I pretended to care about their silly problems with mean bosses and evil health insurers.
Most importantly, I’d set up next year’s television attack ads. I wouldn’t let a single week go by without proposing some piece of legislation related to creating jobs, alleviating the problems of the jobless, and increasing wages.
I’d send Congress huge publics-works bills. I’d ask them to hire millions of unemployed people to work for federal agencies. I’d push for higher unemployment benefits, payments that don’t expire until you find a job. Tax breaks for companies that hire. Tax deductions for those that give raises. Penalties for outsourcing jobs. Keep the Bush tax cuts, but only for the poor and middle class.
Let the Republicans kill my ideas. All the better for my 2012 ad buy! “Republicans voted against new jobs for Americans 22 times. Against helping homeowners keep their houses 15 times. Republicans: They just don’t care about you.” You get the idea.
Of course, a president can accomplish a lot by executive order. Remember that story about how Apple had more ready cash than the U.S. Treasury? Since America obviously needs the money more than Steve Jobs, Obama could have nationalized it and given it to the states in order to bolster their unemployment compensation funds.
American voters are so defeated and disgusted that they no longer demand a president like FDR or LBJ who actually fights for them. They’ll settle for one who goes through the motions.
The question for Obama and his advisors is: Are they smart enough to pretend to care about the only issue that matters to voters?
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
SYNDICATED COLUMN: Boycott the 2012 Election
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Hey Liberals! Time to Stop Getting Rolled
We might as well have defaulted.
Regardless of where you stand politically, the deal to raise the federal debt limit came too late for the U.S. to achieve its main objective, avoiding the downgrading of debt issued by the U.S. Treasury that would have followed a default.
“The political and financial world surely thinks less of us now, and one demonstration of that will likely be a downgrading of the credit rating of the U.S., probably imposed in the next few months,” writes John Keefe of CBS’s Moneywatch. “The net result will be higher interest rates on U.S. government debt, which is likely to bleed through ultimately to higher costs for all sorts of other interest rates.”
The buzz on Wall Street says that Standard & Poor’s will soon downgrade T-Notes from a sterling “AAA” either to “AA+” or “AA”, the same as Slovakia. That’s exactly what would have happened had there been a default.
It is true: Our leaders are idiots.
“I have a home in Nevada that I haven’t seen in months,” said Majority Leader Harry Reid on the floor of the Senate. “My pomegranate trees are, I’m told, blossoming.” Too bad. He missed his pretty flowers for nothing.
Liberals got rolled.
Just like on healthcare.
Just like on everything else.
Everything about the way this deal went down, from the initial posturing to a compromise that will make the Great Depression of 2008-? even worse, along with Congress’ total lack of concern for the hardships being faced by the 20 percent-plus of Americans who are unemployed, has people disgusted.
“The big loser after this exercise is Washington,” Republican strategist Scott Reed tells The New York Times. The 2012 election “has the potential to be an anti-incumbent feeling in both parties.” Gee, ya think?
If any good comes out of the debt limit fiasco, it’s that this embarrassing showdown could serve as a long overdue wake-up call to liberals who still have faith in the Democratic Party. Maybe, just maybe, these ideological rubes will finally accept the obvious truth:
Those corrupt corporate-backed pigs just aren’t that into us.
So boycott the pigs. It is time for Real Liberals to kick Team Democrats to the curb. It isn’t hard. Next November all you have to do is…
Nothing.
Just.
Don’t.
Vote.
In other countries voter boycotts have a long and proud tradition as a way to effect pressure on a non-responsive political system. Think the politicians won’t care if you don’t vote? History proves you wrong. Even in dictatorships where only one candidate appears on the ballot, regimes go to desperate lengths to get people to turn out to vote. Why? It proves the government’s legitimacy.
Samuel Huntington cites the example of apartheid-era South Africa in his book “The Third Wave: Democratization in the Late Twentieth Century”: “In the 1988 municipal elections, the [pro-apartheid] South African government…clamped down on pro-boycott opposition groups and made it unlawful for individuals to urge a boycott.” The African National Congress then upped the ante, declaring its intent to “use revolutionary violence to prevent blacks from collaborating [by casting a vote].”
Extreme, perhaps. Effective, definitely. The ANC is now the majority incumbent party in post-apartheid South Africa.
Are you Real? Or do you play for a Team?
If you’re a Real Liberal, you espouse liberal values and policies that you think would make America a better place. If you’re a partisan of Team Politics, you only care about one thing—whether the Democrats get elected. You couldn’t care less about policy.
Which side are you on?
Like Clinton and Carter before him, Obama has sold out core liberal Democratic principles, such as fighting for the weak and poor and expanding the social safety net, as well as civil liberties. He can’t point to a single major liberal policy achievement. Heck, Obama hasn’t proposed a major liberal bill. Even so, Team Democrats will vote for Obama in 2012. Team Democrats are Democrats first, liberals last.
Real Liberals, on the other hand, have no reason to support the Dems. The debt limit deal makes this painfully clear.
Paul Krugman, the only reason to read The New York Times op/ed page, calls the debt limit deal “a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.”
Krugman is a Real Liberal. Real Liberals care about liberal policies—defending old liberal victories such as Social Security and Medicare, as well as struggling to achieve new gains like a public-works program to put the unemployed to work.
Real Liberals give Democratic politicians the benefit of the doubt. But after they prove themselves to be a DINO (Democrat In Name Only), Real Liberals withhold their support. Classic example: Joe Lieberman, the senator from Connecticut. Current version: Barack Obama and his allies.
Obama has been locked in an epic showdown with House Republicans for weeks. Matador vs. bull. Scary and exciting.
First and foremost, the debt ceiling debate was ridiculous from the start. The economy is at a standstill. Recent GDP numbers came in at a sub-anemic 1.9 percent, so low that the real unemployment rate of 21 percent will continue to increase. Foreclosures are emptying out whole neighborhoods.
The traditional, historically proven Keynesian response to Depression is for the government to spend more. Members of both major parties know this. Yet here they were, both agreeing to spend less, indeed to slash the budget by historic amounts. If the Democrats had an ounce of sense, much less principle, they would have refused to discuss budget cuts at all. (Although an end to the wars would be nice.)
Obama and Congressional Democrats went along with trillions in cuts, cuts that may lead to Soviet-style collapse. The Dems’ only demand was that a final agreement include tax increases on the wealthy.
In the end, the Hopey Changey matador hopped the fence and fled the stadium. The GOP got their cuts. The Dems didn’t get a cent of taxes on the rich.
OK, Real Liberals. It’s been three years. You know Obama’s record. Obama never fights. When he does, it’s for conservative values, like slashing the federal budget and giving our money to millionaire bankers.
Why would you vote for him, or any Democrat, next year?
I know, I know: the Even More Insane Evil Republicans would take over. Après nous, la deluge. To which I ask, really, truly, no sarcasm—what difference would it make?
What if John McCain had won in 2008? Do you think we’d be at war in more countries than Afghanistan, Iraq, Yemen, Somalia and Libya? Would the Republicans have done less than Obama for the unemployed and homeowners getting evicted from their homes?
How much longer are you going to tolerate the sellout Democrats? How many more times are you going to stand in line to cast a vote for these treacherous scum?
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
SYNDICATED COLUMN: Fool Us Twice?
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Can Obama Get Reelected?
Usually I don’t care about political horseraces. Yet I am fascinated by Obama’s reelection bid. Never mind what’s good for the country. I’m dying to hear him make his case for another four years.
I don’t pretend to be able to predict the future. But I have a rich imagination—and I still can’t begin to guess how the president can convince a majority of voters to choose him over the Republican nominee whether he be Mitt Romney or she be Michele Bachmann.
Obama is good with words. But what can he possibly say for himself after this first fiddling-while-Rome-burns term?
The president only has one major accomplishment to his credit: healthcare reform. However—assuming Republicans don’t repeal it—it doesn’t go into effect until 2014. Which, from Obama’s standpoint, actually helps him. After people find out how it transforms the First World’s worst healthcare system into something even crappier and more expensive, they’ll be burning him in effigy.
“Socialized” (if only!) healthcare has driven away the Reagan Democrat swing voters who formed half of Obama’s margin of victory in 2008. Unless the GOP nominates some total loon (hi Michele) or past-due retread (what up Newt) these ideological reeds in the wind will blow Republican.
The other major component of the Obama coalition, young and reenergized older liberals, see ObamaCare as a right-wing sellout to corporations. Nothing less than single-payer would have satisfied them. On other issues it seems that Obama has missed few opportunities to alienate the Democrats’ liberal base.
“The combination of Afghanistan and Libya could bring a bitter end to the romance between Democratic liberals and Obama,” Steve Chapman writes in Reason magazine. “Many of them were already disappointed with him for extending the Bush tax cuts, bailing out Wall Street, omitting a public option from the healthcare overhaul, offering to freeze domestic discretionary spending, and generally declining to go after Republicans hammer and tong.”
Chapman predicts a strong primary challenge to Obama’s left flank—someone like Russ Feingold.
Lefties are also angry about Obama’s other lies and betrayals: keeping Gitmo open, signing off on assassinations and even the torture of U.S. soldiers (PFC Bradley Manning), redefining U.S. troops in Iraq as “support personnel.” Just this week he reneged on his promise to get rid of Bush’s kangaroo courts and put 9/11 suspects on trial.
Everyone—left, middle and right—is furious about his Herbert Hoover-like lack of concern over the economy. While the multimillionaire president blithely talks about a recovery as he heads off to golf with his wealthy friends, unemployment is rising and becoming structural. Obama will surely pay for the disconnect between reality (no jobs, shrinking paychecks, hidden inflation) and the rosy rhetoric coming out of the White House and U.S. state media.
What, exactly, will be Obama’s 2012 sales pitch? I seriously want to know. Think about it: how many other presidents have been so disappointing that they had to distribute lists of their accomplishments so their supporters would have talking points?
Among the highlights of one of these enumerations going around the Internet are:
“1. Ordered all federal agencies to undertake a study and make recommendations for ways to cut spending.
“5. Families of fallen soldiers have expenses covered to be on hand when the body arrives at Dover AFB.
“14. Removed restrictions on embryonic stem-cell research.”
I’m in favor of these things. (Although I’m not sure why, with real unemployment over 20 percent and the NSA rifling through my email, I should care about numbers 76—”appointment of first Latina to the Supreme Court”—or 86—”held first Seder in the White House.” Really?)
Will micro-mini-accomplishment lites be enough to pry liberal asses off the sofa on Election Day? I think not. On the Big Issues That Really Matter—war, the economy, civil liberties—Obama is a right-wing Republican. He’s only a Democrat on the little stuff. Liberals won’t turn out big for Obama in 2012.
That goes double for the youth vote, a big bloc for O in 2008. From student loan debt to unemployment (which hits Americans under 30 even harder than other age groups), Obama hasn’t delivered. They’ll sit on their hands.
“We’ve always known that lasting change wouldn’t come quickly or easily,” began Obama’s official campaign announcement.
“Always known”?
Remember those Soviet-style “Hope” and “Change” posters from ’08, presenting the skinny Columbia grad as a postmodern Messiah for a nation ravaged by eight years of Bush? Just guessing, but somehow I doubt Obama’s propaganda would have gone over as easily with the caption “Change That Won’t Come Quickly or Easily.”
“It begins with us,” will apparently be one of the slogans for Obama-Biden 2012.
That’s the problem Obama faces next year. In 2008 he told us it was going to begin with him.
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
Gitmo: New and Improved
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Obama signs an executive order expanding the right of the government to hold prisoners without charging them and keeping Guantanamo concentration camp open.
Open Letter to Pro-Obama Liberals
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