On January 20, 2009, addressing a small gathering of political activists in Arlington, Virginia, I pointed out that Obama’s first inaugural was vastly inferior to the speech given by Franklin D. Roosevelt upon assuming the presidency in the midst of the previous world economic depression. Many are familiar with Roosevelt’s famous observation that “the only thing we have to fear is fear itself,” but his 1933 speech went much further. In the depths of the Depression, Roosevelt did not hesitate to indict Wall Street bankers and financiers as those responsible for the tragic economic collapse of the country:
“… the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish. The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.”
This was a devastating indictment of the crimes of Wall Street high finance. Speaking under similar circumstances in 2009, Obama graphically illustrated his own tragic moral and intellectual inferiority to his famous predecessor.
“That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.”
So who was responsible? Perhaps, a few greedy and irresponsible people in Wall Street, but the larger failure seems to belong to the American people. This is known as blaming the victim. “Our collective failure” in Obamaspeak means a failure to mercilessly cut Social Security, Medicare, Medicaid, unemployment insurance, food stamps, and other meager social safety net programs – the obsession of Peter Peterson of the now-extinct Lehman Brothers.
These expenditures played absolutely no role whatsoever in the world derivatives and banking panic of 2007-2008, which was caused by an orgy of speculation in derivatives known as credit default swaps, collateralized debt obligations, and structured investment vehicles – the latter a specialty of Citibanker Jack Lew, whom Obama has just tapped to be Secretary of the Treasury. Here Obama was preparing his relentless campaign to cut the social safety net to ribbons under the pretext of reducing deficits and debt. …
“Our nation is at war, against a far-reaching network of violence and hatred.” It’s not hard to see who he’s talking about here: domestic dissidents of all political persuasions who are outside the propaganda matrix of “hope and change.” Currently public enemy number 1 is the so-called “right wing”, people who support the constitution (all of the constitution) who used to be called liberals years ago. Eventually it will focus on the so-called “left wing” who haven’t lost sight of the goal of bringing the troops home and getting wall street out of government. Each subgroup will be larger than the one targetted before. And beneath it all is the ongoing undeclared war on the family, the nucleus of human community and the substrate of empathy and camaraderie on which a national identity is based.
Just ask yourself, what kind of government would allow, much less promote the exportation of its own industrial infrastructure abroad? A colonial government. A government which is subversive to the ideals it purports to uphold. And it has nothing to do with democrats vs republicans. The takeover is comprehensive and no more in evidence than in the bipartisan consensus which continues to wage the so-called war on drugs while agents of the state and wall street continue to bring the most toxic and life-destroying drugs in on a wholesale basis. Even without the repeated exposure and whistleblowing, it’s clear that the law enforcement apparatus of the federal government must be controlled by wall-street drug cartels. Who else can bypass customs? Who else can launder the proceeds, which amount to hundreds of billions per year. If the war on drugs was serious, all they’d have to do is shut down the banks which launder the money (citibank, wells fargo and wachovia, to name a few). And look at what the WOD has done to our cities and communities. Bin Laden or Hitler would have been proud of what our own government has accomplished: a comprehensive program of internal degradation and external militarism. Not surprising given that both of them were creations of the wall-street/intelligence nexus. Truely a picture of a puppet regime.