I just read the presidents big speech tonight and it struck me. There were some key lines left out of the speech. You may have had the same response. For the sake of clarity and fairness, I’ve tried to reconstruct the missing lines. I’m sure that the omissions were just an accident. Or maybe that Robert Gibbs may be up to his old tricks again. My insertions are in italics, following the president’s words from the official White House transcript. White House, August 31, 2010 Here goes.
THE PRESIDENT: Good evening. Tonight, I’d like to talk to you about the end of our combat mission in Iraq, the ongoing security challenges we face, and the need to rebuild our nation here at home. But before I do that, we need a moment of truth. The Iraq war was based on a deliberate lie involving the White House distorting the National intelligence estimate on Iraqi Weapons of Mass Destruction (WMD). The report got it wrong on WMD. There were none. But it concluded that the only way the nonexistent WMD would be used against the United States was in retaliation for a US attack on Iraq that threatened Saddam Hussein. By deleting this information, the Bush-Cheney White House justified a preemptive invasion without any basis, a crime under international law that our nation helped establish after World War II. Continue reading
Posted in Constitution, Human Rights Civil Liberties, Neoliberalism, Region: Asia
Tagged afghanistan, congress, depression, iraq, Middle-class, obama, Recession, speech, war, war crime, White House
By anaxarchos posted by Michael Collins
Capitalism does not elevate… it expropriates and impoverishes. Its urban slums and shanty towns are a step down from the rural, quasi-capitalist material it begins with. Worldwide, it expropriates wealth from the many instead of creating “prosperity”. (Image)
The original American reference to a “middle class” probably comes from Britain. It referred, as on the continent, to the propertied but untitled yeomanry of the countryside, the rising burghers in the cities, and the mercantile classes as a whole. It was an accurate naming. Originally, what was to become the bourgeoisie really did stand between the aristocracy and the property-less classes.
Posted in Economy Economics, Labor, Neoliberalism, Slavery
Tagged absolute monarchies, burghers, empire, local power, means of production, Middle-class, production, property, shanty towns, transformation, urban slums, yeomanry
Average Americans today aren’t hurting because the economy has stopped generating wealth. Average Americans are hurting because the wealth the economy is generating continues to cascade disproportionately to the top.
By Sam Pizzigati April 27, 2010
The Great Recession, new research shows, has left wealth in the United States even more concentrated at America’s economic summit.
Average American households have been riding an economic roller coaster over the last quarter century. The stock market has boomed and collapsed. Housing has boomed and collapsed. The entire economy has boomed and collapsed.
Where has this wild ride left the typical American family? Back to square one. And then back some more. The typical American household, as of mid 2009, held less in real net worth — that’s assets minus debts, adjusted for inflation — than the typical U.S. household held back in 1983.
But the even bigger story may be the reason why. New York University economist Edward Wolff tells that story in a new analysis of the Federal Reserve’s latest household wealth data research just published by the Bard College Levy Economics Institute.
Posted in Economy Economics, Human Relationships, Neoliberalism, NWO, Obama and Company
Tagged Concentration of wealth, Debt, federal reserve, Manipulation, Middle-class, Peonization, Rigged system, Transfer of wealth