About 99 percent of us have that sinking feeling

You know me and my wonky graphs.  You also know I blog a lot about rising income inequality and that I think it’s a huge problem.  So, this MOJO Power graph and the article it came with piqued my curiosity.  It’s from an article by Kevin Drum writing on a Timothy B Lee blogpost on the preemption of ‘genuine left wing voices’ by libertarians.   I’m not sure how libertarians could be confused for moderates, liberals or lefties but given that establishment conservatives have an orthodoxy so tight that few fit, I suppose everything else gets to wear the liberal label. But, maybe there’s more to it than that.

We talked about this a little on a thread yesterday.  Both Ariana Huffington and Kos used to be Republicans.  They left the party when the religious right took over and because, frankly, I don’t think they like the fact that so many blue collar Reagan Democrats had just up and joined their old country club.  There’s also the odd phenomenon of tea party populists that don’t seem to know where they are or where they belong either.  We’ve seen how a  lot of these folks have made their way into policy circles through their support or their horror of the current administration so I think it’s worth viewing three blog writers on that topic.  Why are so many people confused about their political identity any more?

Libertarian ‘insight’ used to the butt of jokes at academic cocktail parties where you discussed Utopian moonbattery and even worse fiction.  Now there seems to be an industry around producing what they call journals, institutions, and philosophy that is some how running loose in mainstream conversations demanding to be taken seriously.    It’s hard to do that because they don’t associate with data and they seem to thrive on passing memes that have no basis in reality.  (The ones on the FED just kill me.) They’re in the tea party, they’re all for Rand and Ron Paul, and yet, some of them have made their way to the liberal blogosphere.  What’s going on? Plus, what’s the deal with all these solid working class–in some cases UNION folks–heading to tea party rallies?  Haven’t they ever heard of Dick Armey?

Drum shows how the worst of the libertarian assumptions they hold up as facts just don’t hold up to the light of day.  He starts with a shared assumption from the right wing and libertarians as described by Will Wilkinson. This meme is the mild form libertarianism from the Hayek-Friedman sect.

It’s best to just maximize growth rates, pre-tax distribution be damned, and then fund wicked-good social insurance with huge revenues from an optimal tax scheme.

We’ve got scads of data that show this meme to be a completely false assumption.  We’d have a better economy right now if that were true.  In fact, the only time we had a decent economy in recent history was when that particular assumption was rolled back during the Clinton years.   But, don’t take it from me, read what Kevin Drum has to say.  Those assumptions are very wrong.

First, it contains an implicit conviction that libertarian notions of tax and regulatory structures will maximize growth rates. This is practically an article of faith on the right, but there’s virtually no empirical evidence to support it. As it happens, I’d argue that my preferred brand of the modern mixed economy is, on the whole, probably more efficient than a stripped down libertarian state, even one that includes lots of centrally-directed income redistribution. But not by much. Personally, I’d be pretty happy if both sides accepted the notion that within a fairly wide range of modern capitalist systems — from Sweden to the U.S., say — overall growth rates change very little. For the most part, we’re really arguing about other things.

Second, I suspect there’s no feasible path to Will’s state of the world. The problem is that a system that generates enormous income inequality also generates enormous power inequality — and if corporations and the rich are allowed to amass huge amounts of economic power, they’ll always use that power to keep their own tax rates low. It’s nearly impossible to create a high-tax/high-service state if your starting point is a near oligarchy where the rich control the levers of political power.

Third, look at the graph. We’ve had this trickle up to the one percent form of economic nonsense since the Reagan years and all it’s done is made things radically worse.   It’s led to this situation where the supply side of the curve completely craps all over the demand side of the curve in product markets.  The outright hostility to unions and the abuse and disempowerment of human beings–not human “capital”–have completely shifted  income levels and underlying market power to some place where you truly think you’d see some kind of general revolt, strike, or overthrow.

It should be patently obvious now that Wall Street has recovered, bonuses have recovered, and corporate profits have recovered while  any one not up at the top of that racket can hardly survive these days.  The unemployment rate, the numbers of foreclosures, and the numbers of bankruptcies are tips of the icebergs.  We’re not going to see growth rates of GDP that will clear that up too.  More frightening is that the powers that be don’t seem to even fake caring.

When you point all these things out to libertarians, they’ll shift the ground on you and say point me where it says in the constitution and mutter something about Wilson and the imperial presidency.  This is the place where they firmly intersect the right wing. Look, Wilson is dead.  The Bush legacy lives and the Obama legacy is still being written.  Still, some of them have crept over and become neoliberals and identified with the left.  Why?

Read the rest of this entry »


Tuesday Reads

Good Morning!!!

It’s the end of a long weekend that celebrates the life of an American with vision, purpose, and fortitude in the pursuit of principle.   The news at the moment is as glum as the weather.  I will try to end the morning reads on higher and lighter ground.  I promise.

With that, I start with Glenn Greenwald at Salon and ‘The U.S. role in Gulet Mohamed’s detention’.  Thought we were done torturing people and denying them due process?  Dream on!  This is the story of a young American held in extraordinary conditions in the extraordinary country of Kuwait that basically still owes us their oil fields and freedom from the occupation by Saddam Hussein.  Gulet’s been held in some horrible situations that beg the question of who is responsible?  Is it some Sultan or President Obama?  Yes, this is change you can believe in if you’re Dick Cheney. Gulet and his family were led to believe that he would be released and sent home.  Home is the U.S. because he is a US citizen.  He deserves a lawyer and due process.  Now, he’s on the no-fly list and you know what that means.

As an American citizen, Gulet has the absolute right to return to and re-enter his country.  But by secretly placing him on the no-fly list while he was halfway around the world — and providing no information about why he was so placed — the U.S. Government is denying him his right to return.  Worse, they know that this action is not only preventing him from returning, but is keeping the 19-year-old in a state of absolute legal limbo, where’s he imprisoned by a country that admits it has no cause for holding him and does not want to hold him, yet which cannot release him.  The U.S. government has the obligation to assist its citizens when they end up detained without cause; here, they are doing the opposite:  they’re deliberately ensuring it continues.

If there’s any evidence that he has has done anything wrong, he should be charged, indicted, and brought back to the U.S. for trial.  What the Obama administration is doing instead is accomplishing what they could not do if he were in the U.S.:  holding him without a shred of due process, interrogating him without a lawyer present, and — if his credible claims are to believed — using beatings and torture to get the information it wants (or false information:  Gulet told me he was very tempted to falsely confess to make the beatings stop).  This abuse of the no-fly list is a common tactic used by the U.S. Government to circumvent all legal and constitutional constraints when it comes to its own citizens; this case just happens to be extra viscerally repellent.

Let’s see what our Secretary of State can do about this.

Not too long ago, our intrepid frontpager BostonBoomer took us down memory lane in pursuit of the vast criminal background that fills the resume of our head Inquisitor, Darrell Issa.  Now, it appears The New Yorker does the same. Just remember, your read it here first.  Skip the first two pages, those read like some blah blah blah  American Fairy Tale.  When you hit the rest, look for the pattern of insurance scams, crime, and a fortune that appears to be based in car theft.  The justice system is likely the force behind young Issa going into the military.   The unraveling of the Fairy Tale begins in 1998–like so many do–with a political tall tale that reflects the spin and not the facts.  Some one fact checked Issa’s campaign material.

In May of 1998, Lance Williams, of the San Francisco Examiner, reported that Issa had not always received the “highest possible” ratings in the Army. In fact, at one point he “received unsatisfactory conduct and efficiency ratings and was transferred to a supply depot.” Williams also discovered that Issa didn’t provide security for Nixon at the 1971 World Series, because Nixon didn’t attend any of the games.

A member of Issa’s Army unit, Jay Bergey, told Williams that his most vivid recollection of the young Issa was that in December, 1971, Issa stole his car, a yellow Dodge Charger. “I confronted Issa,” Bergey said in 1998. “I got in his face and threatened to kill him, and magically my car reappeared the next day, abandoned on the turnpike.”

Bergey died of lung cancer in 2002, but his widow, Joyce, recently said to me that she remembered her husband telling the story of the stolen Dodge Charger. She laughed when she heard that Issa is now a prominent member of Congress. “Well, he probably figured he was borrowing it from a friend,” she said. “But now we’re discussing politicians, so we all know how honest they are. When I meet a good one, I’ll let you know.”

Issa was transferred to a supply depot in the military.  That explains a lot.  For example, how does a guy coming out of the army find the funds for a really expensive sports car?   Only in America can this sort’ve  fractured fairy tale occur and play out in success.  Issa is bad news.   This is the second time I’ve linked to BB’s expose and it will not be the last.  We can muckrake with the best of them here and we intend to keep it up.

Read the rest of this entry »


Tuesday Reads: The Anniversary of FDR’s Second Bill of Rights

Good Morning!!

History Reads

Ever so often, we need to be reminded of history.  I read a tweet yesterday by one of our long time news anchors down here in New Orleans.

normanrobinson1 norman robinson

Wondering if we as Americans really value what we have and whether we really care about leaving a future for the generations to follow.

This started me thinking about what future was left to me by the generations directly before me.    Of course, we’re living in a world mostly free of NAZIs and Fascists because of the greatest generation.  We’re living in a world where the Jim Crow Laws of Separate-But-Equal were torn down by the generation after that with the sacrifice of the heroic leaders of the civil rights movement.   I have the right to vote because of my grandmother’s generation and her mother’s generation and what they did for us.  I’ve also had consistent access to family planning and birth control because the first women of the baby boom generation and several generations of women before them worked hard for it.  Stonewall made a tremendous difference in the lives of GLBTs.  Then, there are programs like Social Security and institutions like the United Nations that came from the vision and leadership of  FDR and the people who served in his cabinets like Francis Perkins, Henry Wallace, Cordell Hull and many others.  They cared enough to build us quite a legacy.

Today is the 67th anniversary of a speech that was to convey that vision of a post-war America.  The Second Bill of Rights was part of a State of the Union speech.  I’m bringing this up for two reasons.  First, because it clearly provides a road map–even today–for “what Americans really value”. I say that because poll after poll shows that the majority of American’s agree with these values even though our government doesn’t seem to reflect that at the moment.   For that reason, I share with you today, the words of a leader with a vision and a gift for elocution.

From the FDR American Heritage Center Museum’s Website:

On January 11, 1944, in the midst of World War II, President Roosevelt spoke forcefully and eloquently about the greater meaning and higher purpose of American security in a post-war America. The principles and ideas conveyed by FDR’s words matter as much now as they did over sixty years ago, and the Franklin D. Roosevelt American Heritage Center is proud to reprint a selection of FDR’s vision for the security and economic liberty of the American people in war and peace.

The second reason I want to share this is that we’re coming close to President Obama’s third State of the Union Address. It is scheduled for January 25th.  My guess is that FDR’s Second Bill of Rights and the vision he elucidated will officially die on that day. I am not expecting any thing close to the utterance of ‘Necessitous men are not free men’ or “People who are hungry and out of a job are the stuff of which dictatorships are made”.

Despite the obvious parallels between right now and  the Great Depression–the high unemployment rates, the incredible number of foreclosures, and the breadth of necessitous men and women and children–I’m expectting many of the vestiges of FDR’s vision that prevent future calamities to be assaulted during Obama’s third State of the Union Address.  Look closely at the list I put up top because so much of what was handed us has been trickling away.

As Norman Robinson contemplated via tweet, do we really value what we have today? Will we witness the destruction of what was handed to us and hand our children and grandchildren broken infrastructure, no hope for upward mobility, and useless institutions drained of funds by the greedy?  Will any shell of what was envisioned for us in both the first bill of rights and the second remain? Frankly, I am expecting an ‘austerity’ speech that endorses the findings of the cat food commission. I also expect we will hear nothing of overreaching intrusion by the Patriot Act into our internet and cell phones. We are expected to diligently watch Football and bail out billionaires while everything else trickles up and away.

Read the rest of this entry »


Monday Reads

Good Morning!!

I’m heading back to the Boston area this morning, so this will be brief. I’ll be on the road for two days, but I’ll try to check in when I stop for the night. So let’s see what’s happening out there.

Here’s a hysterically funny story: Former Bush/Cheney mouthpiece Judy Miller says Julian Assange is a “bad journalist.”

A former New York Times reporter assailed for her incorrect reports about Iraq’s purported weapons of mass destruction is criticizing Julian Assange for being a “bad journalist.”

Judith Miller took on the WikiLeaks founder during an appearance on Fox News Watch Saturday, arguing that Assange was a bad journalist “because he didn’t care at all about attempting to verify the information that he was putting out, or determine whether or not it hurt anyone.”

For many critics of the war in Iraq, that claim is likely to set off irony alarms. Miller has become famous for being the author of a 2002 New York Times article — now debunked — suggesting that Saddam Hussein had an active nuclear weapons program.

Miller now writes for Newsmax.

The Air Force has a new surveillance toy, according to the Washington Post.

This winter, the Air Force is set to deploy to Afghanistan what it says is a revolutionary airborne surveillance system called Gorgon Stare, which will be able to transmit live video images of physical movement across an entire town.

The system, made up of nine video cameras mounted on a remotely piloted aircraft, can transmit live images to soldiers on the ground or to analysts tracking enemy movements. It can send up to 65 different images to different users; by contrast, Air Force drones today shoot video from a single camera over a “soda straw” area the size of a building or two.

With the new tool, analysts will no longer have to guess where to point the camera, said Maj. Gen. James O. Poss, the Air Force’s assistant deputy chief of staff for intelligence, surveillance and reconnaissance. “Gorgon Stare will be looking at a whole city, so there will be no way for the adversary to know what we’re looking at, and we can see everything.”

Isn’t it interesting how the government can find the money for exotic military toys, but they need to cut back on the safety net for old and disabled people?

At Antiwar.com, Scott Horton interviewed Bryan Bender of the Boston Globe on

the very high percentage of retired high-ranking US military officers going to work for defense contractors; the Pentagon’s limited oversight on conflicts of interest that seems based on the assumption retired generals have an unshakable code of ethics; how private equity firms – specializing in defense industry investments – give compensation to rent-a-general firms for privileged information about Pentagon contracts; why Eisenhower should have gone with the military-industrial-Congressional complex version of his famous farewell address; and how retired Army Gen. Jack Keane – on behalf of AM General – helped overturn the Army’s decision to repair instead of replace Humvees.

Give it a listen.

Also at Antiwar.com, there’s an article by Kevin Carson on why Bradley Manning is a hero.

Manning, like many young soldiers, joined up in the naive belief that he was defending the freedom of his fellow Americans. When he got to Iraq, he found himself working under orders “to round up and hand over Iraqi civilians to America’s new Iraqi allies, who he could see were then torturing them with electrical drills and other implements.” The people he arrested, and handed over for torture, were guilty of such “crimes” as writing “scholarly critiques” of the U.S. occupation forces and its puppet government. When he expressed his moral reservations to his supervisor, Manning “was told to shut up and get back to herding up Iraqis.”

The people Manning saw tortured, by the way, were frequently the very same people who had been tortured by Saddam: Trade unionists, members of the Iraqi Freedom Congress, and other freedom-loving people who had no more use for Halliburton and Blackwater than they had for the Baath Party.

For exposing his government’s crimes against humanity, Manning has spent seven months in solitary confinement – a torture deliberately calculated to break the human mind.

[….]

He’s impaired the U.S. government’s ability to lie us into wars where thousands of Americans and tens of thousands of foreigners are murdered.

He’s impaired its ability to use such wars – under the guise of promoting “democracy” — to install puppet governments like the Coalition Provisional Authority, that will rubber stamp neoliberal “free trade” agreements (including harsh “intellectual property” provisions written by the proprietary content industries) and cut special deals with American crony capitalists.

[….]

Let’s get something straight. Bradley Manning may be a criminal by the standards of the American state. But by all human standards of morality, the government and its functionaries that Manning exposed to the light of day are criminals. And Manning is a hero of freedom for doing it.

At Corrente, there’s a great post by Letsgetitdone: Fairy Tales of the Coming State of the Union: The Government Is Running Out Of Money

In “All Together Now: There Is No Deficit/Debt Problem,” I warned against the message calling for deficit reduction that the President will probably deliver in his State of the Union Address next month. I argued that there was no deficit/debt problem and that it is essential to reject the President’s framing of the issue and move on cope with the real problems of the economy and American Society. That piece stands alone. But I also think it would be useful to examine each of the specific fairy tales the President is likely to tell in making his case justifying austerity measures which are certain to be counter-productive. This post focuses on one these fairy tales; the narrative that the Government is running out of money.

Check it out.

Finally, Crooks & Liars has the video of Lindsey Graham on Meet the Press threatening to shut down the government until he gets cuts in Social Security.

As Mike Malloy used to say, “have I told you lately how much I hate these people?”

So, what are you reading this morning?


The Latest Self-Serving Village Narrative: Screw the Baby Boomers.

Don’t tell me the White House isn’t behind this. Both the New York Times and ABC News are pushing this right now, but the Washington Post jumped on it first with this op-ed by Robert Samuelson on December 26: On Medicare and Social Security, be unfair to the boomers Samuelson, just turned 65 himself, and says he is “part of the problem.” Except he probably doesn’t need Social Security and Medicare, unlike most baby boomers, who never could afford a lifestyle like that of their parents or who lost their retirement investments in the crash of 2008. Samuelson writes:

There has been much brave talk recently, from Republicans and Democrats alike, about reducing budget deficits and controlling government spending. The trouble is that hardly anyone admits that accomplishing these goals must include making significant cuts in Social Security and Medicare benefits for baby boomers.

If we don’t, we will be condemned to some combination of inferior policies. We can raise taxes sharply over the next 15 or 20 years, roughly 50 percent from recent levels, to cover expanding old-age subsidies and existing government programs. Or we can accept permanently huge budget deficits. Even if that doesn’t trigger a financial crisis, it would probably stunt economic growth and living standards. So would dramatically higher taxes. There’s a final choice: deep cuts in other programs, from defense to roads to higher education.

Yet, neither political party seems interested in reducing benefits for baby boomers. Doing so, it’s argued, would be “unfair” to people who had planned retirements based on existing programs. Well, yes, it would be unfair. Indeed, it’s hard to imagine a worse time for cuts. Unemployment is horrendous; eroding home values and retirement accounts have depleted the elderly’s wealth. Only 19 percent of present retirees are “very confident” of having enough money to live “comfortably,” down from 41 percent in 2007, reports the Employee Benefit Research Institute.

Blah, blah, blah. But of course it isn’t “unfair” to reduce taxes on the richest Americans–people who most likely will invest their extra tax money in other countries, people who can easily afford to live in other countries once this one goes down the tubes. Those rich people who control most of the money in the U.S. economy–they aren’t selfish are they? No, of course not. It’s the baby boomers who are selfish, always out for “me, me, me,” and never considering anyone else. But wait…aren’t baby boomers also the sandwich generation–caring for their aging parents as well as their millennial generation children? I think my head is going to explode.

According to a new Marist poll, most Americans think baby boomers should keep working after 65; yet there is evidence that baby boomers are not as healthy as their parents’ generation. Of course that must be the boomers’ fault–just like everything else that has happened during our lifetimes. We’ve been blamed for juvenile delinquency, excess materialism, hippies, illegal drugs, self-absorption, and being horrible parents to the Millennials, who are supposedly highly narcissistic and lacking in empathy.

The fact that we’re supposedly less healthy than our parents couldn’t possibly have anything to do with environmental pollution or increasing income inequality in our society, now could it? No, of course not. It must be because we’re so selfish and self-absorbed. We brought it on ourselves by demanding to be born right after WWII. Oh wait…we didn’t ask to be born. Well, somehow it must be our fault.

Well, I’m not buying it. We paid for our retirement benefits all our lives and now the richest of the rich want to take that away from us too. Supposedly the baby boomer social security “problem” was taken care of by adjustments made in the 1980s under Reagan. It’s not our fault that George W. Bush and Barack Obama decided to steal our money. But this is the narrative we are going to hear from now on until the Villagers manage to destroy Social Security and Medicare.

Here’s The New York Times today: Boomers Hit New Self-Absorption Milestone: Age 65.

In keeping with a generation’s fascination with itself, the time has come to note the passing of another milestone: On New Year’s Day, the oldest members of the Baby Boom Generation will turn 65, the age once linked to retirement, early bird specials and gray Velcro shoes that go with everything.

Though other generations, from the Greatest to the Millennial, may mutter that it’s time to get over yourselves, this birthday actually matters. According to the Pew Research Center, for the next 19 years, about 10,000 people “will cross that threshold” every day — and many of them, whether through exercise or Botox, have no intention of ceding to others what they consider rightfully theirs: youth.

This means that the 79 million baby boomers, about 26 percent of this country’s population, will be redefining what it means to be older, and placing greater demands on the social safety net. They are living longer, working longer and, researchers say, nursing some disappointment about how their lives have turned out. The self-aware, or self-absorbed, feel less self-fulfilled, and thus are racked with self-pity.

I’ve got news for Dan Barry, the author of that article. It isn’t a “generation” that was “fascinated with itself.” It’s a lazy media that pretends that 79 million people are all alike. Give me a break. Even Barry admits that “[a]scribing personality traits to a bloc of 79 million people is a fool’s endeavor,” so why do so many media and government fools keep doing it. I’ll tell you why. They want to turn our Social Security funds over to Wall Street.

Here’s Diane Sawyer’s silly “report” on the baby boomer “problem.” Susie already wrote about it at Suburban Guerrilla:

You have to watch this video to see how insidiously the Villagers are spreading the narrative: Those Baby Boomers are sucking all the money out of the Treasury because they’re just so damned selfish! And only some of them served in Viet Nam! Watch as Diane Sawyer puts on her Very Serious Face and says the deficit is a big problem. Pay attention to the lies scattered throughout.

You can read the rest and watch the video of the oh so very serious Diane Sawyer at Susie’s place or at Crooks & Liars.

I saw this coming a long time ago, back when Obama started beating up on baby boomers and the ’60s during the 2008 primaries. I summarized Obama’s anti-baby boomer narrative in a post a couple of years ago. I’ll get the link for you in a bit. Here are just a few examples of Obama’s attacks on boomers.

From the New York Times: Shushing the Baby Boomers

THE time has come, Senator Barack Obama says, for the baby boomers to get over themselves.

In taking the first steps toward a presidential candidacy last week, Mr. Obama, who was born in 1961 and considers himself a member of the post-boomer generation, said Americans hungered for “a different kind of politics,” one that moved beyond the tired ideological battles of the 1960s. [….]

Mr. Obama calculates that Americans of all ages are sick of the feuding boomers and ready to turn to the generation that came of age after Vietnam, after the campus culture wars between freaks and straights, and after young people had given up on what überboomer Hillary Rodham Clinton (who made her own announcement on the Web yesterday) called in a 1969 commencement address a search for “a more immediate, ecstatic and penetrating mode of living.”

The Times also quotes from Obama’s book The Audacity of Hope, in which Obama used the self-absorbed baby boomer narrative to attack the Clintons.

In his second book, “The Audacity of Hope,” Mr. Obama is critical of the style and the politics of the 60s, when the psyches of most of his potential rivals for the White House were formed. He writes that the politics of that era were highly personal, burrowing into every interaction between youth and authority and among peers. The battles moved to Washington in the 1990s and endure today, he says

“In the back and forth between Clinton and Gingrich, and in the elections of 2000 and 2004,” he writes, “I sometimes felt as if I were watching the psychodrama of the baby boom generation — a tale rooted in old grudges and revenge plots hatched on a handful of college campuses long ago — played out on the national stage.”

Of course Obama also talked about “the excesses of the ’60s and ’70s” in his interview with the Reno Gazette-Journal before the Nevada primary.

“I don’t want to present myself as some sort of singular figure. I think part of what is different is the times. I do think that, for example, the 1980 election was different. I think Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not. He put us on a fundamentally different path because the country was ready for it. They felt like with all the excesses of the 60s and the 70s and government had grown and grown but there wasn’t much sense of accountability in terms of how it was operating. I think he tapped into what people were already feeling. Which is we want clarity, we want optimism, we want a return to that sense of dynamism and entrepreneurship that had been missing.”

Finally, Obama attacked baby boomers in his Inaugural Address.

His harshest language on domestic matters actually seemed directed — not for George W. Bush or specific Republican policies — but more for an entire generation, the baby boomers who have been running this country for the past 16 years (and, of course, that has to include Bill Clinton too). He seemed more interested in identifying the generation that he saw as responsible for the more systemic problems facing the country:

On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.

On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.

Those words were reminiscent of the “turn the page” language he used effectively against Hillary Clinton in the primaries. This time, though, it was quite clear that he wasn’t singling out the Clintons, but was making a broader, more pointed claim against the excesses of an entire generation of leaders. And, on the financial front, Bill Clinton signed the law that overturned Glass-Steagall, while George W. Bush signed the law that quote-reformed-unquote bankruptcy laws. So, Obama may well be on strong footing there. He’s demontrating an unwillingness to hear excuses from either Democratic or Republican partisans.

Anyone who thinks all of this was or is accidental is delusional. Obama was told all along by his advisers and probably by his Wall Street donors that he would have to be the one to destroy Social Security and Medicare. These two programs are the only large source of taxpayer funds for the wealthy and corporations to steal from us. We’ve known that for a long time, but most Americans probably don’t–many still think Obama is a liberal.

Reportedly Obama will embrace the findings of his Catfood Commission in his upcoming State of the Union Address. It’s going to be a full-out media assault and we’d better figure out a way to combat it. It’s the old divide and conquer tactic that has always worked so well. Those of us in the bottom 90% of incomes had better get together and fight back or we’re dead.