The phony debt ceiling crisis was, from beginning to end, a con. It was an elaborate and successful hoax in which the nation's first black president, the Democratic and Republican parties, Wall Street and corporate media all played indispensable parts.
The object of the supposed “crisis” was to short circuit public opinion, existing law, democratic process and traditions of public oversight, in order to deal fatal blows to Medicaid, Medicare, social security, job growth and public expenditures for the common good. It worked. We've been conned.
The president could have prevented this “crisis” by passing a debt ceiling when he had a 50 vote majority in Congress for all of 2009 and 2010. He could have avoided it again by allowing the Bush tax cuts to expire. Instead the president renewed the Bush tax cuts when he had a 50 vote majority in Congress. The president could have defused it in the last month by any of a number of means, including simply calling it fake. But giving away the game is not what actors in a con do.
After two and a half years of waging war against the Left half of his own party, while seeking a “Grand Consensus” with the GOP, President Obama has finally set “in motion a rolling implosion of Roosevelt’s New Deal and Johnson’s Great Society.”
The final vote on the debt ceiling measure – actually a ruse to impose savage cuts in social spending – saw a substantial portion of the Congressional Black Caucus put the president’s prestige above their constituents’ vital interests.
Ninety-five House Democrats, including 15 Black Caucus members, “voted for the certainty of losing trillions of dollars for tens of millions of needy citizens, rather than risk the possibility of unknown financial dislocations.”
http://blackagendareport.com/content/barack-obama-and-debt-crisis-successful-con-game-explained
http://blackagendareport.com/content/ruin-nation-obama-catastrophe
The object of the supposed “crisis” was to short circuit public opinion, existing law, democratic process and traditions of public oversight, in order to deal fatal blows to Medicaid, Medicare, social security, job growth and public expenditures for the common good. It worked. We've been conned.The president could have prevented this “crisis” by passing a debt ceiling when he had a 50 vote majority in Congress for all of 2009 and 2010. He could have avoided it again by allowing the Bush tax cuts to expire. Instead the president renewed the Bush tax cuts when he had a 50 vote majority in Congress. The president could have defused it in the last month by any of a number of means, including simply calling it fake. But giving away the game is not what actors in a con do.
After two and a half years of waging war against the Left half of his own party, while seeking a “Grand Consensus” with the GOP, President Obama has finally set “in motion a rolling implosion of Roosevelt’s New Deal and Johnson’s Great Society.”
The final vote on the debt ceiling measure – actually a ruse to impose savage cuts in social spending – saw a substantial portion of the Congressional Black Caucus put the president’s prestige above their constituents’ vital interests.
Ninety-five House Democrats, including 15 Black Caucus members, “voted for the certainty of losing trillions of dollars for tens of millions of needy citizens, rather than risk the possibility of unknown financial dislocations.”
http://blackagendareport.com/content/barack-obama-and-debt-crisis-successful-con-game-explained
http://blackagendareport.com/content/ruin-nation-obama-catastrophe
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