A diary of a Obama voter!
(Written by an American expat who holds a M.B.A. degree and lives in the E.U.)
Updated and republished.
WELCOME TO GOVERNMENT BY THE BANKS FOR THE BANKS!!
Have banks through corporate personhood become sovereigns rivalling the power to destroy the power of the voter and the nation state? This diary looks at what the cost of total capitalism is for America!
Der Spiegel: Total capitalism is America's true ruler, and it has the power to destroy the country!
Der Spiegel:American abyss, the debt drama of the next few months, the showdown and duel between Democrats and Republicans over which party can blame the other one for a NATIONAL BANKRUPTCY.Please note:O8 was only the 1st phase of the financial crisis! GET READY FOR A 2ND CRASH.
Der Spiegle quote:Rarely has it been as roundly confirmed as during the first phase of the financial crisis, when homeowners deeply in debt lost the roof over their heads, while banks, which had gambled with their mortgages, remained in business thanks to taxpayer money.
DEATH OF THE AMERICAN DREAM
Just before the elections the German Der Spiegle wrote:
Spiegel quote:Germans see the US election as a battle between the good Obama and the evil Romney. But this is a mistake. Regardless of who wins the election on Tuesday, total capitalism is America's true ruler, and it has the power to destroy the country.Clearly the weak American social safety net has become an international badge of shame, worn with pride around the necks of American capitalist elites who have put America up for international pillory as a pariah state wherein estimates show 1.5 million Americans live on less than $2 a day, which is on par with many third world nations.
----------------------------------The U.S. has 59 million people medically uninsured; 132 million without dental insurance; 60 million without paid sick leave; 40 million on food stamps. Everybody in the European Union has cradle-to-grave access to universal medical and a dental plan by law. The law also requires paid sick leave; paid annual leave; paid maternity leave. When you realize all of that, it becomes easy to understand why many Europeans think America has gone insane.
Le Monde quote:
"on February 24, the USA Today daily published a feature on extreme poverty in the United States, reporting that the number of families living on less than $2 a day had more than doubled in 15 years, going from 636,000 in 1996 to 1.5 million in 2011."
KISS GOLDMAN SACHS GOODBYEAs over half the Members of congress are millionaires who favor the family values of the rich and their bank this has caused Der Spiegel to print headline asking has America become a OLIGARCHY?
November 7, 2012
by Barbara Ehrenreich
"We are a nation of the very rich and the very poor,.......”
"Rhetoric about an imagined universal “middle class” won’t cover up the gaps. I’m waiting for Obama to recognize the existence of widespread poverty — not just the 15 percent who are officially under the poverty line, but the 30 or more percent who barely getting by from week to week. Mr. President, kiss Goldman Sachs goodbye and bail out your real constituency!"
Der Spiegel quote:Has America Become an Oligarchy?Jobless Benefits That Never Run Out IN SUPPORT OF REAL WORKING CLASS FAMILY VALUES!
Unlike in the U.S., in Germany jobless benefits never run out. Not only that -- as part of their social safety net, all job seekers continue to be medically insured, as are their families.
In the German jobless benefit system, when "jobless benefit 1" runs out, "jobless benefit 2," also known as HartzIV , kicks in. That one never gets cut off. The jobless also have contributions made for their pensions. They receive other types of insurance coverage from the state. As you can imagine, millions unemployed Americans who have no benefits seems like a horror show to Europeans,which is made worse by the fact that the U.S. government does not provide any medical insurance to American unemployment recipients. EUROPEANS ROUTINELY RECOIL AT THAT IN DISBELIEF AND DISGUST!
Der Spiegel quote:“Writer Mark Twain coined the phrase "the Gilded Age" to describe that period of rapid growth, a time when the dazzling exterior of American life actually concealed mass unemployment, poverty and a society ripped in two ………….
WELCOME TO GOVERNMENT BY THE BANKS FOR THE BANKS!!
While they have you watching the left, right politics the true replacement
Governments, the Banks are taking over the world. While this is true
everywhere now, it is however remarkably worse in America. The unelected power of interest on the debt promulgated by the banksters rivals the power of the elected Government, and voters. As such forms a new sovereign shadow government that is corporatist and anti-democratic.
Der Spiegel quote:"Because governments are in disagreement, bodies are taking their place that are turning into ersatz governments: the central banks.Did total capitalism win the U.S. elections?
and therefore had to be rescued with taxpayer money."
In the United States, the national debt has grown in the last four years from $10 trillion to more than $16 trillion,as more and more municipalities FILE FOR BANKRUPTCY."
Despite the fact the 2012 elections cost over $2 billion dollars, essentially bought by private capital (primarily financial capital). These elections are essentially depoliticized, focusing instead on so called character qualities of the candidates largely in what may only be referred to as a media public relations extravaganza! Wherein issues that confront the great American working class in the GOP led class warfare are never substantively addressed except in all but the most forgettable sound bytes. Therefore the American public has become completely atomized at this turn of events, wherein millions are angry and confused, no longer knowing the way out.
This time mainstream European media sources have warned us of a coming second crash, which is being engineered at this moment by the Wall Street banksters.“Guardian.co.uk - Weakening the welfare state just doesn't add up-----------------------------------------------
“the US government is too ready to stimulate its economy with badly thought-out tax cuts or pork-barrel public spending increases, and to take appallingly stupid risks with monetary policy.”
“Rajan is no liberal softie; he is a former chief economist of the IMF – and one of the few economists who can honestly claim to have forecast the global financial crisis. America's weak social safety net, in which so many benefits are time-limited to make finding a job a life-and-death issue, is one of a series of deep global fault lines. Rajan admires well-designed, strong social safety nets such as those in Germany and Scandinavia, that do not remove work incentives but look after people out of work. They take the pressure off governments to take wild risks to create employment.”
New York Times quote:
“The United States is getting accustomed to a completely crazy level of inequality,” Mr. Piketty said, with a degree of wonder. “People say that reducing inequality is radical. I think that tolerating the level of inequality the United States tolerates is radical.”
ALMOST 2 YEARS AGO DER SPIEGEL WARNED OF A 2ND CRASH! NOW THESE WARNINGS CAN NO LONGER BE IGNORED EVEN BY THE CORPORATE U.S. MEDIA!
(Quote from Der Spiegel: "From Wall Street to be thrown onto the street")Of course in America the rich can never be asked to pay their fair share of the taxes.
"For many families the American dream became the American nightmare. Their falling into poverty placed them outside of the consciousness of American politicians, who placed greater value on campaign contributions than on the worries of the silent majority.
America seems to have a short memory.
BROKERS ARE CELEBRATING THE END OF THE CRISIS. WHILE THE CRISIS IS BEGINNING TO REPEAT ITSELF, THE BANKS ARE JUST SHAMELESS IN THEIR SPECULATION AS THEY WHERE BEFORE THE CRASH." (Block quote based on writer’s paraphrased interpretation of German text of the magazine Spiegel December 30th 2010 issue)
To win in America all we have to do is to care about each other and stick together!
If we are looking for change we must look to the Occupy movement to provide
that peaceful nonviolent approach to change in helping to elect better
progressive politicians to public office. The Occupy movement and the
American unions are the last great hope of the American working class dream!!