Controlled by Propaganda and The Money GPS

Federal Government Forgets I am a man

This week reminds me of why Martin Luther King, Jr. was in my home town when he met his untimely murder. It was because of the garbage strike, I suspect many folk don’t know about it to even care, or even understand its corollary with today’s US economic crisis.

Ask any Black person, and they will say the economy is growing. They will also say that it is all because of the policies of President Barack Obama. Ask the same folk how the dollar is doing in the world and the present US economic picture for employment prospects, and they will say he is doing his best and that it will take time, or that he is not just the President for Black Americans. But you never hear such pronouncements with respect to Jewish people, Gay or Lesbians or even Hollywood. They get mentioned and African Americans are conveniently left out of the conversation.

Now I am writing about the economic situation America finds itself in but I want to make this lucidly terse - I was objectively as critical about former commanders in chief starting with Regan and I will continue to be until my dying years as long as I can both read and write. But never have I been attacked prior (and I expected to be attacked) by my own folks for pointing out mathematical facts. For I know some uppity progressive, quasi-liberal, libertarian hating black political pundit will take aim and me and ridicule my suppositions, even if they don’t have facts on their side, all to protect the current Teflon President.

Again, proponents blinded by party affiliation will say the economy is growing and will give the President Props and if it is doing bad will blame it on the GOP. I think both are equally responsible but if it is so good, then tell that to the average African American or college student who is under employed or unemployed.

Fact is many recent college graduates are working at coffee shops and tend to be very skilled workers with higher degrees. In addition, each day they are increasingly ending up in lower-skilled jobs that don't really require a degree. This means they are making it even harder for unskilled workers who usually get such jobs out of the work force and yet, the present administration has offered no policy response to deal with this phenomenon. And by the way, the unskilled can be a synonym for the African American worker.

The US Labor Department reports that approximately 280,000 Americans with bachelor’s degrees and 37,000 with advanced degrees were working minimum-wage jobs in 2012 and that the number of college-educated Americans working such jobs has risen 70 percent in the past 10 years ( a figure double the number who worked minimum-wage jobs before the Great Recession).

The reality is that the high-wage, middle-skilled job — the thing that sustained the middle class in the past no longer exist. Although the mantra of the economy is getting better is batted around like a whiffle ball, the math shows us that the U.S. economy is in a bubble inflated by money created out of thin air by the federal reserve, and all of this money, instead of creating jobs, is going into the stock market by already well-off and wealthy folks. And this cannot and will not last. Obama’s approach is just as Regan’s economic approach - “trickle down.” When the Federal Reserve prints new money, it is basically reducing or stealing the value of the dollar (all the money you have in your bank accounts and wallet).

The math shows us that the Federal Reserve Bank is buying approximately $85 billion in assets every month, while at the same time keeping its key interest rate near zero. This does nothing to reduce unemployment or create jobs but rather only serves investors and big wig traders in the various stock and bond markets. This is why corporate profits and Stock prices are up. The question remains, why isn’t anyone hiring?

Fifteen percent of Americans are on food stamps according to the latest USDA report for November 2012. To put it plainly, in America, there are two economies - one for the rich, and the other for everyone else. The number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming." If one is lucky to have a job, it goes on deaf ears that the average worker’s hourly wages, after accounting for inflation, were nearly 2 percent lower this year than last year, and in total is taking home less than $800 a week.

As it stands one in four of every US citizens that is employed has a job that pays $10 an hour or less and for the first time ever, more than a million public school students in the United States are homeless. To top it all off, the U.S Dollar is losing its status as the world reserve currency. Just last week, five of the top ten economies in the world, decided to no longer use the dollar as an intermediary currency for trade. Last week the BRICS (Brazil, Russia, India, China and South Africa) agreed to set up a development bank to compete with the IMF, indicating it's gearing up to compete in a post-dollar world. In addition, Australia (the world's 12th-ranked economy), China (2nd behind the U.S.), Japan (3rd), Brazil (6th), India (9th), and Russia (10th), have agreed to bypass the dollar in bilateral trade with China.

President Obama and Geithner’s toxic asset plan has enabled one of the biggest transfer of wealth in history allowing for big banks to transfer their toxic debts from fraudulent activities to the American People. All the banks are doing is redistributing the nation’s wealth to shareholders and their top executives. This what President Obama has done, even with all his flossy rhetoric is assist the wealthy in get richer at everyone else’s expense. All of the monetary and economic policy of the last 3 years has helped the wealthiest and penalized everyone else. Wall Street is good but Main Street isn’t. How can it be when the richest 10% own 98.5% of all financial securities like stocks and bonds?

But for some reason or another, our economic prowess is always, or in most cases obviated by the inability to be critical of the current administration. For it seems as for most black folk, politics involved talking about President Obama and even his policies in the affirmative only, Trayvon Martin or the GOP. I don’t hear any of the TV propagandists of the African American community dare mention the president’s name in the same sentence with growing equity disparities, employment and poverty as a function of race. And you shole wont here nothing asserting that under the Obama administration, crony capitalism has gotten worse. As President, Obama is prosecuting fewer financial crimes than Bush, or his father, Clinton or even Ronald Reagan.

I recall of this as I said, on the week in which one of the greatest men to ever live was killed. King was in Memphis, marching with sanitation workers on strike for a living wage when he was killed. No one remembers the words he stated while delivering a speech a Stanford University a year before his death: “In this America people are poor by the millions. They find themselves perishing on a lonely island of poverty in the midst of a vast ocean of material prosperity.” And no one remembers how he frequently spoke about poverty and how that during his time, America had about 40 million people living in poverty. Obama seems to ignore that in America, the richest nation in the world today, there are almost 100 million people who are in poverty.

The sanitation strike in Memphis started because two sanitation workers, Echol Cole and Robert Walker died when they were crushed to death with the garbage and nobody noticed – crushed in the back of a garbage truck because during a sever rain storm, they were not allowed by the city to seek shelter from storms. Why because white folks in Memphis at the time didn’t like or want any of the all black sanitation workers to stop in their neighborhoods. Cole and Walker couldn’t fit inside of the truck, so they crawled in the back where the garbage was placed and a broom fell on the lever which resulted in them being crushed to death with the garbage.

I would wish that folks knew this and would never forget this, for this is where the slogan “I am a man. I am a man, not a piece of garbage" originated. It seems that the Federal Government in all of its aspects seems to forget that African Americans are people and that we are men, not the refuse and waste or cheap labor for the rich.

Video: Afghan Heroin Brings CIA $50 Billion A Year, Covers US War Expense

Sen. Elizabeth Warren Gets Ben Bernanke to Admit Government Still Helps Big Banks Be Too Big to Fail

President of the Few Exaggerates Impact of Sequestration

Now I know that for many folk, the sequestration is either serious or not. Although I do accept the ramifications of the process, it is hard to get real involved in make believe political nuance. But as such, It is equally as hard not to weigh in on the inside the beltway kabuki theater we surmise as Washington politics. First, what get me is the big deal folk make out of this entire thing per an economic issue. If anything it is an issue of national security first and foremost (42 percent of cuts will come from defense). But I suspect this is what President Obama anticipated when he first proposed sequestration for whatever reason in 2011 (which in itself is another essay). I say this because I think he really believed that Congress would bow down to protect their cash cow “defense spending.” But they have since then taken his player card.

Truth be told from a federal agency perspective, it only $85 Billion (north of $40 billion this year), that they have to cut. I think what is missed mostly in all of this is that our issue really isn’t related to debt or the deficit, but rather credit and borrowing. Yes we spend too much no question, but ours is a credit problem – we borrow too much which makes economics ignore what is essential – that one can address the debt and deficit and encourage economic growth by leasing in on cutting wasted and duplicated spending.

Again it is just $85 billion. AIG got two times as much when the government bailed them out, yet we can find money to bailout Wall Street but not cut from what we already spend? I find that hard to believe because the average individual, family and small business owner, if had to, could cut less than three cents from each dollar earned without going bankrupt or homeless. I know less than 3 percent is possible from history alone. If FDR could cut the federal budget by almost 40 percent at the start of WW II in one year, surely we can locate 3 pennies of each government dollar currently spent.

Maybe this is why the theater. Three cents on the dollar won’t hurt if done correctly (end waste and duplication.) But if it hurt anybody it will be us, the poor folks in America who depend on services like head start and similar provisions. President Obama knew he was taking a risk, but instead of the wealthy he pretends he wants to tax, he put folk on the hook who live pay check to pay check, struggling to survive in poverty and who depend on head start on the hook as bait for house republicans. And they didn’t take it because they only grab on behalf of rich lobbyist (as well as democrats). Now we are back to Washington at its best, seeing that pointing fingers is more important to the administration and the congress than moving pencils and using erasers. The result is all outside in real America being stuck in the weeds on this matter.

In four days we will have Armageddon as the president describes it. Although all parties agreed to it, why is it Armageddon now and it wasn’t then? America outside the beltway isn’t growing fast like Washington, DC and Wall Street. Since looking at what has happened from 2009 to 2011, more than twenty major corporations have paid no income taxes. Including the likes of General Electric, Boeing, Verizon and Amazon [Amazon made billions in sales in 2011, while paying nothing in corporate taxes]. The reality is that since Obama has taken office, corporate taxes in the U.S., at an all-time low in which we see the most profitable companies paying nothing at all. Yet instead of fighting for the payroll holiday to continue President Obama did not fight for it, for these people were on the hook as bait. In 2011, Facebook made billions and paid not taxes yet was given a rebate of more than $400 million dollars the same year.

The fact is all of the above demonstrates that both the present administration and the members on the hill have only corporate interest at hand. Not only is it government for the few, it is also President of the few. Drake almost got it right, but I would say “we started from the bottom and we still here.”

Ten Ways Barack Obama and Mitt Romney are more alike than Different

There are just a few months left before the November Presidential elections. The choice has been mad for many in the simple terms of Democrat or Republican and Obama versus Romney. However, what is not known to most is that these two individuals actually are more alike than different.  We know about the basics: that the both like Star Trek, attended Harvard Law School and the Television situational comedy Modern Family, but they are just as alike from a policy perspective.  The following are ten examples in which they are more alike than different.

1. The signature legislative accomplishment of Obama which Romney has said he will repeal and replace “ObamaCare” was “RomneyCare,” which was the model for The Affordable Care Act.

2. Both wants to expand federal spending on Medicaid to help each state cover residents who cannot afford health insurance.

3. The big Wall Street Banks who received TARP bailout money that were top Obama donors in 2008 are top Romney donors in 2012.

4. The Obama Administration has yet to prosecute a single Wall Street executive for malfeasance related to the 2007 – 2008 financial crash. Wall Street’s aforementioned donation patterns make for a compelling conclusion: A Romney Administration would be no different.

5. Both oppose a full, annual, transparent, audit of the Federal Reserve’s finances and activities, suggesting the need for “Fed independence” from Congress.

6. Both would like a Value Added Tax as a potential fiscal policy solution and support international cap and trade policies via global carbon regulatory treaty and are both supporters of strict gun control measures.

7. Both Barack Obama and Mitt Romney prioritize “reducing our dependence on foreign oil,” pursuing alternative energy sources, and setting regulatory efficiency standards as part of federal energy policy.

8. Mitt Romney also supports the continued raids and prosecution of medical marijuana dispensaries (and even patients) that have characterized Obama Administration as well as Bush-era policy on medical marijuana.

9. Neither Obama nor Romney has military experience and both support the Bush era doctrine of preemptive war.

10. Neither Romney, nor Obama have offered a plan of detailed, substantive spending cuts to the out-of-control federal budget.

These are just ten ways.  I could go on and speak of how they both support executive line item vetoes, support continuing drug prohibition and the forty-year-old, Nixon-era War on Drugs, the legitimate power of the president to execute American citizens by “targeted killing” done in secret without charges or trial, support the controversial practice of extraordinary rendition, and their mutual support for support the warrantless wiretapping of the Bush-era USA Patriot Act. The truth is outside of ethnicity, religious faith and party, they are the same

MegaUpload Fiasco Show DC Politicians Have No Gonads to Go After Wall Street

Riddlemethis? Would the Government or Obama administration arrest banking Presidents/CEOs and seize their assets because it contained the money of drug kingpins? Would the Government or Obama administration arrest and seize the assets of red W. Smith, the Chairman, President and Chief Executive Officer of Federal Express because their truck may transport 10 kilograms of cocaine or a warehouse may contain 20 tons of marijuana? I don’t thinks so.

It is obvious that the Federal Government do not have the gonads to tackle corruption and white collar crime objectively. Just last week, an action reminiscent of Elliot Ness pouring beer into a river occurred when the FBI and Justice Department seized the website Mega Upload accusing the owner of causing $500 million in copyright infringements. My query is why is doing the work of the motion picture and recording industries more vital than the work of the people?

Either Congress or the President is so brazen or so cretinous, that they cannot envisage what they are doing me their efforts to censor the website Mega upload. Maybe a little bit of bot now that I think about it. Brazen because it is pronounced their actions are mainly taken on the bequest of the motion picture and recording industry lobbies. Stupid because most politicians prefer to brag on their ignorance on internet technologies and their low level use of such resources that attempting to learn more about the – a myopia more prescient of Washington politicians dysfunction than seeing the desires and needs of the common, non-super Pac affiliated US denizen.

The Obama administrations seizure of the site and the owner’s assets is more an attestation and forewarning of America’s fascist future of protecting US oligarchs than the penchant of protecting liberty. I mean really, going after a site and using the FBI and department of Justice Resources for what is basically a cloud-based repository for data storage, is like the examples I cited in the beginning of this essay.

No bank or Delivery company or website can track all of the user lot, packages or uploaded data which it hosts. To assume that one could, is silly. Meaning - to arrest the site’s founders under the assumption that they knowingly participated in copyright infringement, is moronic if we’re blaming site owners for user uploaded content now, we’d better start arresting people affiliated with all industries from YouTube to Bank of America (THEY HAVE MORE THAN $1 BILLION IN TOXIC ASSETS).

Now I know inside the belt way folks don’t understand. As an artist, mega upload allows me to get 90% on all the music I write, make and produce without the need of a record company gatekeeper who wants to Romanesquly decide for the public if they should hear or have the right to purchase my music. Not to mention this 90% on every dollar made allows them to get my music for free.

Maybe it is about the loot. Former Democratic senator and current head of the Motion Picture Association of America Chris Dodd have given tons of loot to the campaign of President Barack Obama. DreamWorks CEO Jeffrey Katzenberg raised at least $500,000 for the campaign and the Democratic National Committee and contributed $2 million to a super PAC backing the president was his biggest donor. Not to mention the zillion times the President has held fund raisers held by Hollywood big wigs the likes of Miramax co-founder Harvey Weinstein and Sony Pictures .

I also think that we have ignorant folks making laws and talking about things they have no honest understanding about. I’m sure there are large numbers of individuals inside the beltway like Senator Ted Stevens describing said internets as “a series of tubes,” or Rep. Mel Watt who proudly asserts that declares proudly that he doesn't understand internet/computer technology.

The truth is that a host of variables and factors are involved with the recent and present this financial crisis including everyone from the rating agencies, the bankers and the brokers, and that there is strong evidence for criminal culpability. However, no Wall Street banker wreaking havoc via their exotic derivatives has been charge criminally. What Madoff did to individual investors is what the mortgage & banking industries and Wall Street did to the US taxpayer and the US economy. No one from Goldman Sachs, Lehman’s, Countrywide, Citi, AIG, Bea Sterns or Wachovia just to name a few have been charged criminally or prosecuted by the Obama Administration. Why because we do not count and although the majority of Americans would see greater value in using the FBI and department of Justice Resources by going after criminals that looted $100s of millions and even billions of dollars, congress and Obama do not have the gonads to do such and wag the dog by going after mega uploads $42 million.

Wall Street controls D.C. As long as the financial companies can donate as many dollars as they have been to both sides of the aisle, you will see little in the way of reform of the financial sector and even less in the way of prosecution of wrong-doers. Mayer Amschel Bauer Rothschild was correct when he said, "Give me control of a nation's money and I care not who makes its laws”

Shame on You, Washington Politicians

My America is land of the free and home of the brave. But this is only in theory. The actual truth is that the bravest folk in our great nation are those who think, read, who are of the middle and lower classes have no insurance or jobs and tend to be in the military. Yes this is the back bone of our great nation and all of the rest seem to be holding on milking other for their ride.

Take for example our politicians. All I can say is “shame on you.” You cannot do the work of the people and tend to only do what is best for your wealthy associates regardless of party affiliation for the simple truth in policy, action, and money there is no distinction between any politicians in Washington. Last I heard Obama was just as bellicose as Dick Cheney and has dropped more bombs from drones than Donald Rumsfeld ever did.

What if any, additional evidence do we need to see that our political system is completely broken? These super committee fools couldn’t even come up with at least $1.2 trillion in deficit cuts over the next decade in a two month period. Meanwhile back at the ranch, the U.S. national debt has passed the $15 trillion dollar mark and we are facing trillion dollar deficits – can you say national financial disaster. Now we are going to have automatically triggered budget cuts of $1.2 trillion in starting in 2013. And we will have to wait and see because mathematically, we may not have even this many in cuts since they include almost $170 million in savings projected to occur as a function of reduced interest cost on our national debt.

Yep folks, shame on them, they are too weak, ductile and fleecy to roll up their sleeves and do some actual work. They are not brave enough to do what needs to be done and should be ashamed since our men and women fighting over seas in wars they did not ask for are the epitome of bravery.

But what can we expect, my America is a nation that gives a single mother more time in federal prison for lying on her food stamp application than anyone involved in the Wall Street mortgage fraud, sub-prime lending or complex paper schemes that help produce Americas and the worlds debt based conundrums. Last week, U.S. District Judge Henry Wingate sentenced Anita McLemore, 47, the mother of two teenage children, to three years in prison. The mother of two pleaded guilty in July to one count of submitting a false claim to the U.S. Department of Agriculture Temporary Assistance and Food Stamps program.

Ms. McLemore, received $4,367 in benefits. This in comparison to six defendants in two related mortgage fraud cases involving fraudulent loans totaling about $5.8 million received sentences ranging from house arrest to 30 months in prison. In addition to the three-year sentence, Wingate fined McLemore $250 and placed her on supervised release for three years after serving her sentence.

These fools obviously do not get it, from Obama to the Congress, they do not have a clue; they cannot see that as a nation, there is a very good chance that we will suffer another major credit downgrade on U.S. debt. And if this happens, a large proportion of the financial transactions that occur worldwide would not be able to happen if that takes place. No one with the exception of Ron Paul (this is a must see video of Dr. Paul in 11/19/11). He would end the Federal Reserve and starts issuing debt-free money, and move to cut our budget deficits. All these folks on TV want to do is fix a broken system, without out acknowledging that it became broke in 1913, prior to the passage of the Federal Reserve Act, the national debt was only about $2.9 billion.

We are in the last days of the Euro and the Union possibly and we are no better as a nation. According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years and last year alone, as a nation we lost an average of 23 manufacturing facilities a day . Data reported by the Economic Policy Institute, notes that our economy loses more than 9000 jobs for every $1 billion of goods that are imported from overseas.

And what do we have to show for it? A dysfunctional Supper Committee, a dysfunctional Congress and a dysfunction White House Administration. I am sorry but shame on all of you Washington, DC politicians. We are suffering, we see the problems, but you don’t and will not listen to us. But why should they? The average net worth for a member of Congress is now approximately 3.8 million dollars and more than 50 percent of the members of the U.S. Congress are millionaires.

Jay-Z sells 'Occupy' T-shirts but will not share profits with the Movement

When we mention Hip-hop music is if difficult to get through any conversation without bring up the name of Sean “Jay-Z” Carter. He is a great lyricist, a business man and married arguably, to one of the most attractive women in America. Now he is getting involved with the Occupy movement that has sprouted in nearly every community across the nation. However, his actions maybe are more self serving than for the benefit of the masses.

It has been reported that Jay-Z will be releasing a new line of T-shirts in support of the occupy Wall Street movement (#OWS) via his Rocawear clothing label. Unfortunately he and his company will not be sharing any of the profits with the protesters according to his spokesman. According to a representative of his clothing company Rocawear, there is not an "official commitment to monetarily support the movement," which is taking a stand against corporate greed and corruption.
The rapper/mogul was even recently seen wearing one of the shirts, which tweaks the phrase "Occupy Wall Street" by crossing out the "W" and adding an "S" to make it read "Occupy All Streets."


I guess it should only be expected that another rapper is interested in avarice as equally as the big Wall Street banks. Neither gives back but only takes from those who cannot afford to live as they do to only become richer. In simple terms, this represents another concern with hip hop culture other than its strong focus of materialism, going for self and producing songs with lyrics that border of instructional psychpathy – I is more important that the we or community.

The spokesperson went on to add "The 'Occupy All Streets' T-shirt was created in support of the 'Occupy Wall Street' movement. Rocawear strongly encourages all forms of constructive expression, whether it be artistic, political or social. 'Occupy All Streets' is our way of reminding people that there is change to be made everywhere, not just on Wall Street. At this time we have not made an official commitment to monetarily support the movement."

Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush

Obama Panders to Cantor’s Mob

With the recent protest across America, one single observation that can be drawn is the level of two-faced hypocrisy evident in the elected leadership residing in Washington, D.C. The only consistent factor is the irony that both President Obama and the Tea Party Republicans were elected to implement change. Unfortunately neither has produced and continue to serve the oligarchs and plutocrats that fill their campaign coffers instead of the common citizenry of this once great nation.

Obama has done every shuck and jive dance move to pass his jobs bill that he only needs to wear black face to complete his vaudvillesque act. The Republicans namely Eric Canto and John Boehner have done everything in their power to make it seem as if they are actually working for the people when they are not, seeming to always leave their white sheets hanging in the closet at home as opposed to showing their true colors.

Eric Cantor and Barack Obama are both bought and paid for by the people they claim to dislike on behalf of Obama, and protect on behalf of Cantor. From the recent discussion on Israel, it is obvious that they care and want to give more loot without any query to Israel equally than they do the American people. Just ask Benjamin Netanyahu who Eric Cantor tried to play against the President. The problem is that American voters, in particular black folk do not understand that people like Eric Cantor or Barack Obama do not represent mainstream American interests or the interest of the American citizenry in generally.

Obama talks a better game about main street and the common man but all the ambassadors he has appointed and the majority of his cabinet members all gave his campaign $500,000 or more. He as cantor, have stood by and enabled America's Wall Street and Corporate criminal elite resulting in this economic imbalance in our nation. Do not get me wrong, this includes every national politicians since Andrew Jackson since in my locution, he was the last President who genuinely understood the plight of the people albeit he was a crooked white supremacist. The sad reality is that with the assistance of the media, both the leadership of the democratic and Republican Party’s act as if their only public duty is to tell us regular folk what and how to think.

We on the ground level see what our elected leadership does not – that our social structure only is efficient and works to service the desires of a few and is inequitable for the majority. In addition it is more than obvious that this approach they foster is not sustainable forever, unless they intend to rule by brute force.

These, our elected official via policy are more concerned with the views and support of the market manipulators on Wall Street than the American people. The same Wall Street that has bought our Congress and the President for they are merely corrupted element within an otherwise legitimate system. So what he have learned from the occupy Wall Street protest is that the America police will do what these oligarchs of wealth and power desire before they serve the poor and middle class. They will arrest, beat and pepper spray regular Americans who only desire to exercise their constitutional rights to assembly and free speech although they are paid to protect and serve the innocent.

To Eric Cantor and the police departments around the USA we are mobs and in the eyes of Obama, we only deserve to be pandered to in an effort to be re-elected. Mobs as opposed to Americans protesting injustice, political corruption and corporate fascism. House Minority Whip Eric Cantor, who openly states that flood, hurricane and tornado victims must pay for their own recovery by cutting social programs so his party and their supporters can continue to rape the middle class. It is clear that Eric Cantor, from his voting record and spends without repute his donations, that he represents big business, executives on Wall Street, and those who have power no differently than the democrats who go to Washington.

Cantor serves to helps companies abuse their employees by opposing unemployment benefits. He has consistently with banks that fund his campaign even voting to bail out a bank that his wife works for, and sits on the board of directors. A bank in which the minimum account balance for its wealth management division is $40 million. He has side with big oil and is one of the best fund raisers in the Republican Party. Open records indicate that he spent $7,400 of donor money on gourmet chocolates last year alone. But that is possible when you are getting money from lobbyist for Genworth Financial and AstraZeneca PLC. When asked if he would pass any elements of the Obama Jobs bill, he said yes - a provision that allows government contractors to collect all the money that is due to them rather than have 3% withheld for taxes (costing US tax payers $14 million over next ten years).

Obama is just as bad. As I wrote earlier this year, “ though Obama vowed to end “special interests” from his administration, nearly 200 of his biggest donors have landed plum government jobs and advisory posts, and/or won federal contracts worth millions of dollars for their business interests. Just for raising $50,000 to $500,000 for his campaign. In total, 184 of 556, or about one-third, of Obama bundlers or their spouses joined the administration in some role. In fact, 80 percent of those who collected more than $500,000 for Obama took key administration posts. Also, President Obama's appointment of William Daley as his chief of staff is another example. Daley was an executive at JPMorgan Chase, the investment bank that received a $12 billion bailout during the financial crisis”

As I write this, forty-six states are trying to keep the poor, elderly and minorities from voting in the next election by putting up roadblocks to them getting a "valid" photo ID, all under the guise of republican leadership. Just last night, Obama, after he said he understood the protestors, attended an Upper East Side DNC fundraiser to wine and dine Wall Street big wigs that cost attendees $35,800 each. An event that raised him $2.4 million from more than 60 financiers running the top funds on Wall Street. Yes, our current President claims to be for change and the people but he gives billions to Banks and corporations like Solyndra.Wall Street has trampled the American dream and politicians on both sides of the aisle are the reason us regular folks continue to have night mares.

Pundit See Pundit Do

I am writing this in response to the commentary published in the July, 9, 2011 issue of your newspaper written by George Curry, “Ostracizing Black Leaders Who Criticize Obama.” Specifically, I am nonplussed and take issue with the author’s garrulity in the suggestion that Cornell West reference to Obama as “a black mascot of Wall Street Oligarchs” was “over the edge.”

West Statement is accurate. Even if the adjective “black” is removed from the statement, Obama would still remain a “mascot of Wall Street Oligarchs” just as all of the senators and congressional representatives within the beltway, as well all Presidents before him.

Telecom executive Donald H. Gips a vice president of Colorado-based Level 3 Communications LLC, delivered more than $500,000 in contributions for the Obama campaign. After being in charge of hiring in the Obama White House, in 2009, Obama named him ambassador to South Africa. In addition Level 3 Communications, received millions of dollars of government stimulus contracts for broadband projects in six states.

—though Obama vowed to end “special interests” from his administration, nearly 200 of his biggest donors have landed plum government jobs and advisory posts, and/or won federal contracts worth millions of dollars for their business interests. Just for raising $50,000 to $500,000 for his campaign. In total, 184 of 556, or about one-third, of Obama bundlers or their spouses joined the administration in some role. In fact, 80 percent of those who collected more than $500,000 for Obama took key administration posts. Also, President Obama's appointment of William Daley as his chief of staff is another example. Daley was an executive at JPMorgan Chase, the investment bank that received a $12 billion bailout during the financial crisis.

Former director of the Office of Management and Budget Peter Orzsag, for instance, resigned from his post and took a job at Citigroup. Incoming National Economic Council Chair Gene Sperling earned nearly $1 million from Goldman Sachs in 2008. Former Chief of Staff Rahm Emanuel, for instance, in a short stint out of politics, earned reported $16.2 million working in investment banking for Wasserstein Perella, now part of Dresdner Kleinwort.

Moreover, I perceive this essay to be a dirigible attempt to misdirect attention from what is important for people to objectively evaluate political actions and policy, as well as advance the supposition that these people are ordained “leaders” by some amorphous corpus of out of touch people, as if we black folk are a monolithic group whom cannot think for ourselves.

In summary, Mr. Curry’s purview reflects the myopia and tolerance for tedium that makes most African Americans vote for democrats without question, or even a Presidential candidate because of his race, yet won’t even read the policies they proffer.

Yes the President is a mascot for the interest of a government in which a small group of people exercises control for selfish purposes. Yes, these people mainly thrive due to their involvement on Wall Street. I do not know of anyone who benefited from stimulus money. The members of his inner circle benefited from stimulus money, troubled asset relief programs and even comprise his core staff.

Unlike Mr. Curry, I can see this and still believe that the Preamble of this nation reads We the People, not we the corporation; something Obama seems have to intentionally forgotten albeit an expert in constitutional law.

When Clinton Let the Foxes Run the Hen House

Imagine if I told you that during sometime in the first ten years of the twenty first century that a savvy plutocrat from a southern state would get this country on a path to economic collapse by implementing laws that would allow banks to run amuck. If I asked you to name this person, this public relations officer in chief of the most powerful nation in the world, would you concede that he would be a democrat names William Clinton?

Yep, Bill Clinton. Too me, the two most egregious actions against our economic prosperity was put in place by him. And what makes this so bad is that he was smart enough to know better, being vehemently more competent and astute as President in comparison to his replacement; for he should have known that Wall Street Bankers were merely a monopoly. Albeit they fly different flags – a pirate is still a pirate.

The first was the commodities Futures Modernization act, which II have written extensively about in past years. Although put in place in the late 1990s and the brain child of Senator Phil Graham of Texas, this is not what I am targeting, but rather Clinton’s abrogation of the Glass-Steagall Act.

Sure there were inordinate acts signed into law before and after the great depression including the Underwood Tariff Act, the Robinson-Patman Act and the Sherman Anti-trust. All were relatively ineffective, especially the last one. Glass-Steagall is (or was) the most instrumental and effective of all the banking or anti-trust laws implemented after the great depression. Politicians were always aware of the powers of the big banks, especially since the times of the Greenback. But as early as 1911, politicians were aware of the amassed power the Wall Street Banking Cartels had and is why Woodrow Wilson at the time called the “money monopoly.”

Prior to it becoming law, the Pujo Committee noted that the concentration of credit in the hand of a few on Wall Street was both a threat and danger to the nation. In particular since bankers were both capital users and capital supplying entities that made their loot using the loot of others (sounds familiar?) Practices that had been growing since the 1890s with the proliferation of investment banks and finance capitalism. By finance capitalism investment banks were both responsible for the selection and issuing of stocks and setting their prices. Meaning for the investment banker, a guaranteed return on invested capital was more important than national economic progress.

In essence, Glass-Steagall was a means to liberate credit systems from Wall Street control and end the perceived special privileged enjoyed by this sect via a rigged credit system. It was also an attempt to address the massive maldistribution of wealth and engaged reckless speculation of Wall Street investment houses. Moreover, the insider trading, pyramid schemes, speculation, unloading worthless securities and the fact that the general misuse of buying power had been responsible for the economic meltdown put a bright light on the obvious criminal practices of the banks such that laws had to put on the books to keep it from happening again. More importantly, it assisted in ending the incessant discrimination against small business in terms of access to credit, especially if they were outside of New York or Washington, D.C.

Glass-Steagall was signed into law in June of 1933. We have to give both Carter Glass and Henry Steagall of Alabama big props for this. Especially Steagall – who was responsible for instituting the FDIC into law to insure customer deposits? Strange is like today, Republicans who described insuring deposits as “socialism.” I would also have to give props to Duncan Fletcher and Sam Rayburn for their bill to regulate Wall Street and thee stock market. Here two, republicans and bankers argued that Wall Street could police itself.

Glass-Steagall prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities. With one deft stroke of a pen, Clinton actions would proffer to show how Keynesian economic theory was wrong: that trying to obtain maximum employment was good and that liquidity, profit expectation and consumption are not enough to propel economic growth. Why, because equilibrium and underemployment are incompatible theoretical suppositions when conjoined. Clinton ended Glass-Steagall in essence letting the fox guard the hen house,

Yet we still act as if such is the Michael Jordan of economic jump starts, when we ignore the truth that no matter how much loot the government drop as stimulus, folks just gone buy stuff made in other nations, creating jobs over there, because we do not make anything that we or any other nation wants to buy – what we do make (movies and music) can be bootlegged (LMBAO).

Blackmail Economics

I have never been partial to the phrase blackmail, when historically, it seems like white oligarchs are the ones mainly undertaking such actions and folk the color black aint have no part in defining. But that is another story, and for lack of something new to assist in the accretion of incident promoting a general comity of understanding, blackmail will have to suffice.

Now *I must admit, over the past four years I was troubled by the economic landscape prior to the abyss instituted via the Bush administration, and likewise, suspect of the assertions made by the Obama administration to solve these issues. Even worse is what I see on the side of the GOP that seems to purport that verbose vehemence objecting to any action by any party is what America needs to grow jobs.

My main consternation is that the GOP offers no solutions to solving the problems of the economy or creating jobs and that Obama obviously has no real comprehension of economics. Not that I do, but my layman understanding seems to be advanced placement compared to the house GOP and the present administration. Also is the observation that in order to prove a point, even if it is to get Obama out of the Whitehouse, it seems they will do anything – even black mail. I mean no matter how you look at it saying they will not raise the debt ceiling without spending cuts is extortion.

As the debt ceiling fight continues, Republicans are playing down the effect a default could have on our national economy. Rep. Ron Paul (R-TX), when asked about what would happen if we pass the August 2nd deadline without raising the debt ceiling noted that it could be a “positive thing” because it would show we’re “serious.”

Yes it is serious out here Mr. Paul. This while recent housing and employment data notes we are struggling and may even is close to a double dip recession. Albeit under employed folk like me see the dips melted together for it still feels the same. Not to mention I suspect home prices have much further to fall. The President is not out of the clear either. Just this week he indicated that the US would provide US financial support to bail out Greece. This after he has tripled the US deficit and we have 9.1 percent unemployment.

After a meeting with German Chancellor Angela Merkel, The president said, “I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.

“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”

I find it hard to believe that the Democrats or Republicans, regardless in the House or Pennsylvania Avenue do not see that they are holding the American citizenry hostage. Things are not getting any better for most of us and it will only get worse. Three years ago I wrote an essay describing these times called “Real n the Field.” It is that time.

Just this past Memorial Day weekend, across the nation looked like places in the Middle East. There were reports of serious violence in Miami, New York, Chicago, Charlotte, Myrtle Beach, Nashville and even Boston. In Washington recently a teenager shot her Dad with a hunting bow when he took her cell phone. Approximately, 45.1 percent 4 of all unemployed Americans have been out of work for at least six months. That is a higher percentage than at any point during the Great Depression.

Not to mention that the average price of a gallon of gasoline in the United States was is a little under $4.00 compared to $1.88 in 2009 and the cost of food and energy have risen at an annualized rate of 17 percent over the past six months. According to the World Bank, the global price of food has risen 36% over the past 12 months. And this doesn’t include the problems with floods, natural disasters, droughts, food shortages or our actions abroad. Yea, we are being black mailed by politicians on both side of the aisle and the only thing that makes them different from us is that they are inside the beltway with a direct flight to Wall Street.