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The new abdication has arrived April 1, 2009

Posted by vsap in Blogroll, Financial Crisis, Uncategorized, US Politics.
Tags: , ,

PresBo pandering in London at G-20. Just when you thought it was too pathetic on this side of the pond, he panders to the Euro-wienies. But don’t believe me, check out The New York (Liberal All The) Times today:

“LONDON — President Obama attempted to play down evidence of a continuing rift with allies over how to revive the global economy on Wednesday, only to be undercut by new demands from Germany and France for sweeping global financial regulations that could reach well inside American borders.

At the same time, Mr. Obama issued a caution that the United States was unlikely to return to its role as a “voracious consumer market” that could anchor the world economy, and warned that other nations needed to do more to revive growth in their home markets.”

The USA is not likely to return to its role as a dominant consumer market? Did I miss the memo? Hey, I know the Chinese have us out-numbered but, whoa, PresBO, you’re slippin’ down that slope of “Gee, we’re just like all y’all” way too fast!

But there’s more from the Op-Ed page of the NYT on March 31, 2009:

“What the Obama administration is doing is far worse than nationalization: it is ersatz capitalism, the privatizing of gains and the socializing of losses. It is a “partnership” in which one partner robs the other. And such partnerships — with the private sector in control — have perverse incentives, worse even than the ones that got us into the mess”

Perverse indeed!

Check this out (an excerpt) and I’ll tell you who penned it after the quotation:

“At the moment, there is a feeling of shock, disbelief, anxiety, fear and depression. But that will not last forever. There is a profound questioning of the very system taking place, and eventually, fear and frustration will be transformed into anger and a desire to take action. Already we see a rise in unionization rates, as workers start to band together to collectively fight the attacks of the bosses. And like a lightning bolt from the clear blue sky, a U.S. factory was occupied for the first time since the 1930s, a time of tremendous turmoil and open battles between the classes.

Even Newsweek declared “We’re All Socialists Now.” And although their understanding of socialism has nothing to do with genuine socialism, that the very idea of socialism is so prominently discussed is indeed a sign of the times – and the dangers facing the capitalist system.

Obama comes to power at a time of capitalist decline. His task is to preserve a rotting system whose historic task has been exhausted. Capitalism has ceased to play any progressive role for the vast bulk of humanity. It has already served its historical purpose: to lay down the material foundations for socialism. We will build on the technology and productivity of labor achieved by humanity under capitalism in order to build a new society, free of exploitation and based on the common interests of the working class majority. However, the capitalist class will not give up their power and privileges without a fight. This handful of individuals is determined to continue their domination and exploitation of billions of humans around the world. Their system is increasingly incompatible with the continued existence of humanity itself. We can either replace it with socialism on a world scale, or the entire “experiment” of human civilization could be thrown into a very violent and horrific reverse.”

Was it a PresBO speech-writer? A Democrat position paper? A PresBO internal memo? Sadly, no, but it sure sounds like it could have been.

In truth it was published on March 11, 2009, by the US Socialist Appeal Editorial Board under the title “Can Obama Save Capitalism?”

The real question is will he save a system he does not believe in?

That gets us back to the G-20 report at the top of this post. He wants to “socialize” the rhetoric. We’re not fighting a war on terror anymore. We don’t have enemy combatants anymore. We aren’t as big and strong as we used to be and, shucks, guys (2d & 3d world nations), we’re no different than you.

I don’t have to apologize for my nation being the best on earth. PresBo can change the rhetoric, but he won’t change the heart.



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