As the stock markets around the globe plummet due to the downgrading of US credit rating, president Obama steps up to the podium today in a special address to the nation. I thought I'd listen in...
The president begins with an explanation that even though the US credit rating was downgraded from AAA, it is not so much that the agency doubts our ability to pay our debt, but, rather, they doubt our political system's ability to act. The markets think our credit rating is AAA. Warren Buffet, a man who knows something about the market, would give the US a AAAA rating if possible, or so the president says.
In other words, pay no attention to the reality of our current credit rating - pay attention to the IDEA of our credit rating. As an insider in the Bush White House said not so many years ago, "we're an empire now, so we create our own reality" and the reality the president wants you to believe in is that our credit rating is not what it actually is. He repeats that we are a AAA country.
He follows with, "we need a balanced long term approach to deficit reduction". One certainly can't argue with that. He mentions that gridlock in Washington has not been constructive and that the threat of default was used as a bargaining chip and slowed the pace of recovery.
This certainly seems to be the case, however, isn't that what happens when pathological people seek out and retain positions of power? The underlying message here is, "now look what you've done". One gets the distinct impression that the downgrade in credit rating is a slap on the wrist from the system, or is it a coordinated move to ensure that things progress as currently planned?
Back to the speech, since we're in "look what you've done" mode, now comes the remedy - or is it the hostage demand? The president states that two new steps need to be taken. There needs to be a tax reform, asking those who can afford it to pay their fair share and a 'modest' Medicare reform.
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Regarding those who 'can afford it', we'll have to wait and see if they ever actually "pay their fair share". At this point in US history, that seems like quite the fantasy - but then again, so is our AA+ credit rating.
The president continues with the idea that it's not a lack of plans or policies, it's a lack of political will in Washington and the insistence on drawing lines in the sand instead of putting what's best for the country ahead of ideology and party. He states that his hope is that Friday's news will give a renewed sense of urgency. Again, the tone of a man punishing those who do not agree with him, and if you think he, or anyone in the upper echelon of the US government, was surprised by this credit downgrade, you've taken your eye off the ball. All of this is by design.
He addresses the need to create jobs and extend the payroll tax cut so companies will hire and retain workers. He follows with, "markets may rise or fall but this is the United States of America and no matter what an agency might say we'll always be a AAA country". Believe in the idea of our credit rating, just like you believe in the idea of your freedom and the idea of our role in the world as the 'good guys', because just like our credit rating, none of that is based on reality either.
As if on cue, no matter how ultimately unrelated, he ends this brief speech with mention of those killed over the weekend in Afghanistan and how military men and women embody what is best about America and that we will press on until we succeed in making sure that Afghanistan is not a safe haven for terrorists.
What speech to a drowning country would be complete without a hat tip to those most mired in the illusion and a mention of the invisible enemy that keeps us frightened and believing in the idea that anything at all is as we are told it is.
quote from article above: "Regarding those who 'can afford it', we'll have to wait and see if they ever actually "pay their fair share"."
Well actually we don't really have to wait, because the rich have NOT been paying their fair share and they mostly never do.
See here: [Link]
Also, reading this article under "Corruption" [Link]
It states that most of Obama's government employees DID NOT pay their taxes either or stole money in one way or another! People like, Annette Nazareth, Tom Daschle, Nancy Killefer, Rahm Emmanuel and Adolfo Carrion. I'm sure there are others that this article didn't state, but it goes to show... The rich who are mostly composed of psychopathic individuals in places of power, have NO intentions in helping the everyday American. Not ONE BIT. People need to wake up and start realizing the government has never had their best interest at heart - only their OWN.