Friday, October 17, 2014

BARACK OBAMA - BUSH'S THIRD AND FOURTH TERMS ON STEROIDS - The US midterm elections and the bankruptcy of the capitalist system

The US midterm elections and the bankruptcy of the capitalist system

Obama replaced George W. Bush, who left office the most reviled president in US history. The election campaign was accompanied by an enormous amount of media marketing, with a candidate who had no significant political history packaged as the agent of “hope” and “change.”

Upon coming to office, however, Obama pursued the most right-wing agenda in US history. It quickly emerged that whatever vague promises he made were insincere, and that his administration was committed to an acceleration of the policies of the Bush administration—overseeing a historic transfer of wealth to the rich, escalating military violence abroad, and deepening the attacks on democratic rights within the United States.

UNIONS PARTNER WITH OBAMA AND WALL STREET TO
ASSAULT THE AMERICAN WORKER WITH AMNESTY
AND OPEN BORDERS… It’s all about keeping wages depressed

For their part, US trade unions such as the United Auto Workers have functioned as junior partners in the impoverishment and exploitation of the working class, suppressing any opposition to the attack on living standards.


In this corporate America has enjoyed the full backing of the Obama administration and both big business parties, which have slashed food stamps and long-term unemployment benefits. The White House, which orchestrated the slashing of wages in the auto industry restructuring of 2009, has made the lowering of living standards for US workers the centerpiece of its so-called revival of American manufacturing.

“The stock market is booming, the Forbes 400 are richer than ever, yet the conditions for youth and workers are disastrous. War continues without end, and Obama has gone far beyond Bush in rendering the Bill of Rights a dead letter.”


OBAMA: SERVANT OF THE 1%


Richest one percent controls nearly half of global wealth


The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.

 


The report found that the growth of global inequality has accelerated sharply since the 2008 financial crisis, as the values of financial assets have soared while wages have stagnated and declined.

Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.


THE FORBES 400 ARE LOOTING AMERICA FOR EVERY DROP OF BLOOD THEY HAVE NOT ALREADY STOLEN!

The Rise of bankster-owned Barack Obama and the final looting of the American middle-class.


.. and Hillary Clinton has vowed to banksters that the best is yet to come!


BARACK OBAMA will finally leave office having destroyed the American middle-class, leaving a nation with staggering debts and open borders invaded and looted by NARCOmex.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.

This “Hope and Change” clown who was nothing more than Bush’s third and fourth terms on steroids will continue to blame the republican party he hoped to destroy with amnesty for 40 million looting Mexicans.


IMF report: No end to economic breakdown


Almost six years after the eruption of the global financial crisis, the International Monetary Fund has effectively ruled out any return to the economic growth rates that preceded September 2008.


Barack Obama… the man that conned a nation and still called it “CHANGE”… but was only Bush’s 3rd & 4th terms.


THE YEAR WAS 2009…


At the town hall in New Orleans, Obama appealed for patience. He said, “Change is hard, and big change is harder.” Is that the excuse? Now where have I heard that before? Oh, yeah. From George Bush.

 

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