Obama unleashes the most brutal attack on working people throughout U.S. history
The U.S. has just increased its ability to follow feeding with trillion dollars the imperialist war machine and the biggest yankee capital as a whole. The costs of this operation will be paid initially with the increasing of social misery in the country. The Democrat Obama administration will go down in history as the one that carried out a biggest attack against the proletariat in the U.S., threatening all social reforms achieved in the twentieth century.
To "save the rich" of the economic crisis between 2007 and 2010, the imperialist state "borrowed" 16 trillion dollars* (according to the audit by the Government Accountability Office, GAO, about the Fed, the Federal Reserve yankee) to the great financial capital. As a sign of the times, or rather, of the setback in the classes struggle post-USSR, after the 2008 crisis, the same state of "super social welfare" for the great capitalists, will destroy what remains of the social assistance to U.S. poor, set up after the crisis of 1929 and expanded by the pressure of the struggles in the 60's (the moment of greatest rise in social struggles in that nation). Just the opposite of what was done by the "New Deal" to avoid a greater humanitarian catastrophe at the time, now the White House will withdraw perversely the minimum conditions of health and welfare of a population miserably sacrificed with the recent economic crisis. For the poor it means to be punched after falling.
This is the biggest adjustment plan and spending cuts made in state planet. In relation to Europe and Latin America, that has already its cuts, Obama's cuts will occur relatively late. But this will encourage other governments to promote new attacks. Since the middle of last century are the United States that regulate the dynamics of the global capitalist offensive. However, the new anti-worker offensive was not exactly a newness. In early 2011, the alarm was sounded by the governor republican of Wisconsin, Scott Walker, who made measures against wages and union rights of public employees.
The petty bourgeois left-revisionists, at most, mentioned that the measures of U.S. government will hit the poors. However, the problem of poverty and
destruction of historic achievements now are under threat is much more serious deeply and of global impact. To defend the weakest and most vulnerable sectors of the working class makes part of the defense of the proletariat that should be preserved at all cost of decay and ruin. We need to stop this attack on the poors
of the richest country in the world. If it successful, this will hit on cascading on the oppressed masses around the world under imperialist domination.
So, throughout history, the war has been the main cause of increased the national debt. One of reason for the huge debt of the yanke nazi-imperialist state is the militarism. At the same time, the militarism is the dynamo of the capitalist economy in its decadent phase.
Right now, the U.S. has been making a profound increase in its military policy. While shamefully suspend spending on space missions, the Obama administration is savings money to unleash a new war crusade in the planet.
* According to audit of the Government Accountability Office, GAO, of the Federal Reserve, announced by Senator Bernie Sanders, between December, 1, 2007 and July 21, 2010, the FED providede loans to U.S. and foreign banks totaling $ 16,1 trillion, a sum greater than the Gross Domestic Product (GDP) of U.S. Look who were the beneficiaries:
Citigroup: $ 2.5 trillion ($ 2.500.000.000.000)
Morgan Stanley: $ 2.04 trillion ($ 2.040.000.000.000)
Merrill Lynch: $ 1,949 trillion ($ 1.949.000.000.000)
Bank of America: $ 1,344 trillion ($ 1.344.000.000.000)
Barclays PLC (United Kingdom): $ 868 billion (868 billion U.S. dollars)
Bear Stearns: $ 853 billion ($ 853,000,000,000)
Goldman Sachs: $ 814 billion (814 billion U.S. dollars)
Royal Bank of Scotland (UK): $ 541 billion (541 billion U.S. dollars)
JP Morgan Chase: $ 391 billion (391 billion U.S. dollars)
Deutsche Bank (Germany): $ 354 billion (354 billion U.S. dollars)
UBS (Switzerland): $ 287 billion (287 billion U.S. dollars)
Credit Suisse (Switzerland): $ 262 billion ($ 262,000,000,000)
Lehman Brothers: $ 183 billion (183 billion U.S. dollars)
Bank of Scotland (UK): $ 181 billion (181 billion U.S. dollars)
BNP Paribas (France): $ 175 billion (175 billion U.S. dollars)
Wells Fargo & Co. $ 159 billion (159 billion U.S. dollars)
Dexia SA (Belgium) $ 159 billion (159 billion U.S. dollars)
Wachovia Corporation $ 142 billion (142 billion U.S. dollars)
Dresdner Bank AG (Germany) $ 135 billion (135 billion U.S. dollars)
Societe Generale SA (France) $ 124 billion (124 billion U.S. dollars)
All others: $ 2.6 trillion ($ 2.639.000.000.000)
Total: $ 16.115 trillion ($ 16.115.000.000.000)