International Writers Magazine - Our Tenth Year: Politics
to a Proposal for Serfdom: Criticism of Barack Obama
economic, buyout plan of the United States government is made with
the thought that the New Deal of Roosevelt ended the depression;
but the unemployment during the "New Deal" only worsened
during this period, and continued to worsen during Roosevelt's "Second
New Deal." [*1]
then, there is a tremendous difference in allocating taxes for public
works, and paying for non-productive "toxic assets." When
we choose to pay for the debt of these private firms, in their miscalculated
business endeavors, we are taking a gigantic opportunity cost. The value
of these firms, once we have paid for them, will be cut several fold.
It is equivalent to buying a lottery ticket as a means of guaranteeing
economic success. There are a million other alternatives to prosperity
besides "scratch it tickets" and worthless assets.
It's the oldest, economic truth: everything is worth what it's buyer
is willing to pay for it. So after we buy some worthless companies,
they won't be worth half of what we paid for them, because nobody is
willing to pay that much -- nobody, that is, except the economic "genius"
behind the Democratic Party.
The value of these assets, under their current debt, is a negative number.
We lose our tax funds, but we gain a debt. With increased federal loans,
taxes will either increase, or the value of the dollar will drop. This
is going to accelerate at the very moment that our society takes one
trillion dollars and, in a single transaction, devalues it to less than
zero. This is similar to the economic recession of 1990 [*2]. This was
also caused by the United States government knowingly allow banks to
operate without regulatory enforcement. The value of billions of dollars
suddenly vanished from the world market, costing jobs of millions.
Our economy is worsening on a day-by-day basis. This situation was produced
by White House economists. Those who were so certain that their policies
would create prosperity in the 90's are now silent. Greenspan was once
giving speeches at the rate of over a a hundred thousand dollars --
the failed economy, while at first it showed artificial signs of vitality
in the 90's, certainly did not fail Greenspan. It did not fail the Bush
or Clinton adminstration, when they both made illegal wars in Haiti
and Iraq. It did not fail the CEOs and the masters of industry, whose
wages are sometimes five thousand times that of the minimum wage worker.
[*3] This is the case with Robert M. Delvin, president of American General
Corporation. Ironically, this is the same exact company now seeking
billions of dollars from public tax funds -- maybe paying CEOs forty
million dollars yearly is inadvisable?
There is no change-of-plan in any of these bailouts. These companies
continue to import products from Burma, where an illegal military dictatorship
has created forced work camps. [*4] The funds that came from this dictatorship,
like that of the Chilean, Malaysian, or Iranian dictatorship, come from
American corporations and tax dollars. In fact, it was the grandson
of the New-Deal president Roosevelt, who had caused an Islamic-Republic
revolution in Iran. [*5] Such acts continue to be hailed today by US
presidents as "liberalism" and "freedom." Perhaps
we should borrow a phrase from Orwell: "War is Peace; Freedom is
Slavery; Ignorance is Strength." [*6]
Nothing is going to change in how these companies operate. Wal-mart
and other international distributors still have the incredible rates
of sexist discrimination. [*7] Companies continue to emit unregulated
amounts of toxins into the air, filling our oceans with mercury and
toxins. Forced labor camps in China and the Third World still use child
labor. In the United States, the police and the army are still used
violently against unionists -- as recently as 2002. [*8] Not one single
bit of any of this is mentioned. It's not because Obama wants things
to change -- it's to guarantee that they won't ever have a single chance
of changing. Now that these activities, from third world death squads
and genocide to exploitation and dictatorship, shall receive endless
funds from my taxes.
Obama opposes any change to these policies of Capitalists. And once
the buyout goes through, it will go from the practiced law, to the official
law. Our tax dollars will be turning the machines that grind children's
bones into dust. He was offered a bill to cut the hundreds of millions
of dollars that were used for corporate bonuses of the buyout businesses.
These companies are being criticized for their high CEO payout, their
death squads, and their sweatshops. But when Obama had a bill to cut
their bonuses, he refused. We cannot "govern out of anger."
It is governing out of anger, I suppose, when people want food to give
their children, instead of paying out millions to those living on yachts
and in mansions. Yes, Obama -- Bread Riots Are Very Angry! I can only
hope that these rioters are not betrayed by the memory of their children;
I only hope that they have enough strength to rip down the tyrant who
wants to chain their futures to murderers and thieves. Meanwhile, the
bonuses also keep flowing into the personal coffers of the Obama administration,
as well. [*10] This is hardly surprising. I couldn't imagine King Louis
the 16th letting the aristocrats exploit and pillage the peasantry,
without himself receiving some of the loot.
Now when I work, I can say, "Ah, yes, I am working! And that twenty
percent tax of my income will keep those sweatshops going -- it will
keep the ground polluted -- and it'll keep both the government and the
economy out of my hands! The state supports the Capitalist, the Capitalist
pays for the campaign financing of the government. What a wonderful
little power-sharing circle, but alas, I have been left out of it, with
neither a voice nor any freedom. Those murderers in South America and
Africa, those overseers of forced labor camps and those government officials
-- never again shall their deathsquads run low on bullets, because I'm
ready to work, and I'm ready to be taxed!"
None of the policies of these corporations have changed, and Obama is
resisting these efforts stubbornly, calling them "governing out
of anger." A prohibition on child labor, guaranteeing the right
to unionize and strike, and the right of a people to self-determination
-- ah, yes! I can see how all of this is "governing out of anger."
According to UNICEF, one out of every five children in the United States
lives on less than one dollar a day. [*11] But Obama is quiet about
it; perhaps his opinion is that widespread, child starvation is "governing
out of love."
The bought-out businesses are operating exactly in the same manner that
brought them to bankruptcy and debt. A store that sells sand in the
desert has a better economic outlook.
Obama for Change? I'll call it how I see it: Obama for Forced Labor,
and Children in Poverty.
*1. Hopkins, Eric. Industrialization and Society: A Social History,
1830-1951. Routledge, 2000. p. 197.
*2. "Dirty Money: BCCI - The Inside Story of the World's Sleaziest
Bank," by Mark Potts, Nick Kochan, Robert Whittington, March 1992.
*3. Source: The Houston Chronicle.
*4. "The Burma road to ruin," Guardian.Co.Uk, by Mark Tallentire,
Friday 28 September 2007 14.17 BST.
*5. "A Very British Coup" British Broadcasting Corporation.
*6. "1984," by George Orwell, published June 8, 1949.
*7. "Wal-Mart And Sex Discrimination by the Numbers," by Dan
Ackman, 06.23.04, 9:40.
*8. "Bush orders 'cooling off' period at United," United Press
International, Jan 21, 2002.
*9. "Obama: We Can't 'Govern Out Of Anger'," by Philip Elliott,
March 23, 2009 11:17 AM EST, Associated Press.
*10. "Obama's Campaign Staffers Get Bonuses," by New York
Daily News, November 14, 2008 11:26 AM.
*11. "Young child survival and development," by UNICEF.
© Andy Carloff April 5th 2009
all rights reserved - all comments are the writers' own responsibility
- no liability accepted by hackwriters.com or affiliates.