imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Obama's Grand Bargain 2.0

by Stephen Lendman Thursday, Aug. 01, 2013 at 7:43 PM

class war

Obama's Grand Bargain 2.0

by Stephen Lendman

Obama's job creation plan targets social justice. It's old wine in new bottles. It prioritizes corporate tax cuts.

It scorns fairness. It ducks reality. It's same old, same old. It doesn't work. It never did. It's not designed to. It won't now.

Don't expect media scoundrels to explain. They're in lockstep with what helps business. They're comfortable with rich elites benefitting at the expense of most others.

In collusion with Republicans, Obama proposed more trickle down. He claims what never worked before will this time.

His ideas aren't new. He's selling snake oil. He's packaging it. A scam is a scam is a scam. He wants nominal corporate tax rates cut from 35% to 28%. He wants manufacturers paying 25%.

Average corporate taxes are 12%. Loopholes facilitate avoidance. US companies pay the lowest developed economy rate. It's half what they paid from 1989 - 2008.

Obama claims years of budget fights diverted attention from restoring middle class health. It's disappearing altogether. Gene Sperling heads Obama's National Economic Council.

He served Bill Clinton in the same capacity. He said Obama's "putting forward a new kind of 'grand bargain.' "

He claims business handouts will create jobs. They'll raise revenue for infrastructure. Other public works projects will follow.

So will manufacturing innovation centers and community college training. They'll close skill gaps. They'll stimulate economic growth.

They'll do none of the above. They never did before. They won't now. Claiming otherwise rings hollow.

Republicans dismissed Obama's plan. They did so out of hand. They're insatiable. They want more. Don't bet they won't get it. According to Senator Mitch McConnell:

Obama's plan "represents an unmistakable signal that the president has backed away from his campaign-era promise to corporate America that tax reform would be revenue-neutral to them."

In other words, cut corporate taxes, provide generous handouts, and make ordinary people bear the burden.

An unnamed administration official claims jobs will be created by a one-time transition fee. Supposedly it'll be on trillion in foreign earnings held abroad.

Don't bet on it. Details aren't known. Money amounts generated may be meager at best. No one knows. No one's sure. No one's saying.

Obama proposed a permanent small business expensing increase to million annually. He'll hold a two-day October 1 - November 1 conference.

He wants foreign companies encouraged to locate in America. He plans meeting with corporate CEOs. He'll urge them to hire longterm unemployed.

He tried similar stunts before. They didn't work earlier. They won't work now. They're like expecting business to self-regulate responsibly.

It's impossible. It's believing what never worked before will succeed brilliantly now.

Obama will meet separately with House and Senate Democrats. Lawmakers face FY end September 30 economic decisions.

They include federal spending levels. Raising the .7 trillion debt limit will be debated. Republicans demand spending cuts like they always do.

Expect Obama to cave like before. He's a pushover. He will again. Relief for beleaguered Americans remains more illusion than reality.

Economic conditions are weak. Main Street's in Depression. Things are getting worse, not better.

Economist John Williams reengineers economic data. He does so responsibly. He does it based on early 1980s modeling. He does it before calculations were corrupted.

Doing so belies reality. He pegs real unemployment at 23.4%. It's the highest since the 1930s. Real inflation's at 9.4%.

People who eat, drive cars, pay rent, have medical bills, heat and/or air condition homes, and have kids in college know inflation better than talking head tout TV economists. They're paid to lie, tell half truths and exaggerate.

Millions of working age Americans struggle to get by. They endure unemployment, poverty, homelessness, hunger and despair at record levels or close to it.

Privileged elites benefit enormously. They've done so more than ever on Obama's watch. Wealth disparity's at unprecedented levels. Bipartisan complicity worsens things. War on America's social contract rages.

Obama's plan assures widening the wealth gap. Grand bargain 2.0 assures betrayal. Force-fed austerity accompanies corporate handouts.

It's typical Obama. He's a con man. He's money power's point man. He sacrificed economic growth for Wall Street. He's got more of the same in mind.

His FY 2014 budget slashes another 0 billion from Medicare and Social Security. He plans trillions of dollars more in domestic spending cuts. He wants them when millions need help.

He showers it on corporate America. He shuns people needs. He's in lockstep with Republicans. They plan massive tax code changes. Business will get hundreds of billions more in benefits.

Ordinary people will pay more. They've be hung out to dry for years. They'll be thrown under the bus again. It's coming as America's economy heads south. It's when global economic conditions are weakening.

High-pay/good benefit jobs keep hemorrhaging. Low-pay/poor or no benefit ones replace them. In the past year, union membership declined by 500,000. Organized labor's fast disappearing.

Deficit cutting assures greater economic weakness. It's the new normal. It's trouble for middle America. It's disappearing. It's disaster for disadvantaged households.

Popular needs are ignored. Business is favored. A race to the bottom continues. Doublespeak duplicity hides reality. Obama's notion of change is double downed harshness.

He's in lockstep with Republicans. So are most Democrats. They pretend otherwise. Social injustice deepens. So does institutionalized inequality. It's happening in plain sight.

It's ugly. It's real. It hurts millions needing help. Hard times are getting harder. It's happening when America's privileged class benefits. It never had it so good.

Obama plans more of the same. He serves wealth, power and privilege alone. He ignores people in need. He's waging financial war on humanity. He's heartless, soulless and cruel.

He supports capital's divine right. Money power runs America. What it wants it gets. It's happening when 80% of US adults are financially insecure. They face unemployment, poverty or close to it, and welfare to survive at times in their lives.

It's a shocking indictment of social injustice. It's getting worse. America's being thirdworldized. According to Washington University/St. Louis Professor Mark Rank's survey data, 85% of US adults will experience financial insecurity at times in their lives by 2030.

It's defined as having income below 150% of the poverty line, being unemployed, and needing welfare to survive for a year or longer.

Hardship's growing among whites. It affects 90% of people of color. For the first time in 38 years, the number of "white single-mother households living in poverty with children" equaled or surpassed African-Americans enduring similar conditions.

According to Professor William Julius Wilson:

"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position."

"(I)nvisible poor" people fill urban, suburban and rural America. They're out of sight and mind. Their numbers are growing. They face deepening hard times.

They struggle to get by. They don't earn enough to do it. They earn nothing when unemployed. They need welfare much of the time. It's on the chopping block for elimination.

Medicaid, food stamps, and other benefits are eroding. In a decade or sooner, they may be entirely gone. Obama targets them. So do most Republicans and Democrats.

They're transforming America into a ruler - serf society. It's unfit to live in. It's beautiful for the privileged few alone. It's nightmarish for most others.

It's a monument to social injustice. It's institutionalized. It's a race to the bottom. It's a fast track to dystopian harshness. It's the new normal. It's the American way.

Stephen Lendman lives in Chicago. He can be reached at

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

Visit his blog site at

Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.

It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

Report this post as:

Local News

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

Watch the Debate: Excluded Candidates for Governor of California M31 5:20AM

Change Links June 2018 posted M28 7:41AM

The Montrose Peace Vigil at 12 Years M22 8:01PM

Unity Archive Project M21 9:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 10:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 9:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 8:57PM

California police agencies violate Brown Act (open meetings) M02 8:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 11:47PM

Change Links May 2018 A27 8:40AM

Worker-Owned Car Wash on Vermont Closed A27 5:37AM


lausd whistle blower A11 6:58AM

Website Upgrade A10 10:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 8:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 6:58PM

Change Links April 2018 A01 6:27PM

More Local News...

Other/Breaking News

OUR HOUSE Grief Support Center Celebrates 25 Years with the House of Hope Gala S24 7:10PM

Against the Rent Madness and For a Nonprofit Orientation! S24 11:56AM

Cybermonde, cyberguerre, cyberespace, cyberterrorisme S24 6:35AM

Paraphysique de psychosomatique S22 6:58AM

Chuck Grassley: Women Abusing, Animal Murdering, Illegal War Supporting Criminal S22 2:58AM

Finance Capitalism and the Digital Economy S21 4:45PM

Muselières syndicales, muselières patronales S21 7:19AM

Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc S21 2:50AM

Why Choose Nut Milk Over Cows' Milk S21 1:01AM

Antrhopocène, le grand effondrement S19 9:53AM

Abolir l'économie S18 11:18AM

The Dictatorship of Corporations S17 5:26PM

18 Lethal Consequences Of Hunting S17 3:13PM

Paraphysique de l'outplacement déontologue S15 6:51AM

Shopping du bashing S14 8:42AM

After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again S13 8:28PM

“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen S12 9:30PM

Probabilités de fin d'humanité S12 6:49AM

Florida Area of Migrant Farmworkers Denied Right to Construct Health Clinic near NaplesCIW S11 2:57AM

Steer clear of work morality! S09 12:10PM

The Shortwave Report 09/07/18 Listen Globally! S06 11:23PM

August 2018 Honduras Coup update S06 12:28PM

Brett Kavanaugh Filled The 5th Circuit With Execution Judges S06 6:14AM

Augusta Georgia Woman Gets 5 Year Prison Sentence for Writing About Russians Crime Acts S05 8:29AM

Paraphysique de contextualité S05 8:29AM

Crisis Regulation in Global Capitalism S03 3:39PM

Ex-voto de réification S03 10:24AM

Please Oppose Warmonger, Execution and Torture Supporting Bush Operative Brett Kavanaugh A31 10:45PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy