Dear America: Please. Wake. Up.
He's not the one running the show, but rather, his strings are being pulled by Wall Street bankers and hedge fund managers like Pete Peterson , who is most of the wallet behind the corporate-funded "Fix the Debt" sham campaign. Even one of Fix the Debt's key spokesmen admitted that their goal was to create an " artificial crisis " that would justify gutting Social Security.
Jack Lew, Obama's Treasury secretary, is leading the administration's doublespeak on austerity. In Europe, he's told political leaders to lighten up on austerity measures. But in America, Lew is telling Congress to endorse President Obama's proposals to cut earned benefits for vulnerable Americans who need them to survive, even though Social Security doesn't contribute to the deficit. Lew is also a pawn of the corporate and financial string-pullers, coming from Citigroup before his years in the Clinton administration's division of budget. He was even guaranteed a bonus by Citigroup if he was able to secure a "high-level" federal job.
The corporations running our government want our public resources, too. The White House is currently mulling a proposal to sell off the Tennessee Valley Authority, which FDR's New Deal established as the nation's largest publicly-owned power company. Privatization of public resources is one of the key austerity measures being forced by the European Union right now, particularly in scorched-earth economies like Greece and Spain. Privatization of public resources, the selling-off of a public good for corporate profit, means that the people who depended on that service are usually subject to frequent price gouging, while under the thumb of an unaccountable private corporation.
Privatization is especially high on the agenda, considering the 10 oil spills that happened in America over just two weeks' time and the Senate's recent endorsement of the Keystone XL pipeline. A large public drinking water supply was tainted with 5,000 barrels of tar sands oil in Mayflower, Arkansas. Yet Bill Clinton, the only former US president from Arkansas, has been noticeably silent on Exxon's catastrophe even though Little Rock is just 25 miles North of Mayflower.
The silence from both Clinton and Obama on Mayflower is deafening, especially as Exxon has declared the area over the spill a no-fly zone, which has been enforced by Obama's FAA. Arkansas attorney general Dustin McDaniel, a Democrat, has even privatized oil spill cleanup, allowing a company that investigative journalist Steve Horn recently revealed is notorious for oil spill coverups. And since a loophole in federal law says that Exxon's spilled tar sands oil is bitumen and not oil, they won't have to pay for the cleanup.
The cleanup and coverup job for Mayflower will be paid for by the taxpayers, while the corporations that created the entire mess draw more record profits. BP did the same thing after the Deepwater Horizon oil spill that ruined an entire region's economy, Deepwater wrote it off on their taxes as a loss, shifting the cost to suckers like us. The corporations who run our state and federal governments don't care which party is in power, as long as they can still control their agenda..... More here.