The Real Obama Emerges Again
by JILL STEIN
Jan 16, 2013 | 1093 views | 2 2 comments | 5 5 recommendations | email to a friend | print

The Real Obama Emerges Again







Jill Stein

If you’re having political déjà vu as Obama’s second term in the White House gets underway, you’re not alone.



The supposedly populist candidate — who won re-election promising to tax the rich, protect Social Security, and make the economy fair — has morphed back into an invaluable ally of the economic elite. Yet again, he’s willing to let you fall under the bus.



In carving out 2013′s first round of self-inflicted budget pain, President Barack Obama has laid the groundwork for much worse to come. By making most Bush tax cuts permanent, he gave away the massive bargaining chip he could have used to protect safety net programs in the next negotiating round. Now, thanks to his pre-emptive capitulation, austerity advocates hold all the cards.



While the deal extends unemployment insurance, this temporary relief is overwhelmed by massive, permanent gifts to the super-rich. Estate taxes have been repealed for all but the wealthiest 0.1 percent with a whopping $10.5 million per couple exemption. The agreement also locks in low capital gains and dividends rates of 15-20 percent, ensuring that billionaire bosses everywhere will pay lower tax rates than their secretaries.



Among new corporate favors, the deal retained one of the loopholes that multinational firms are using to dodge taxes on their foreign subsidiaries — an incentive to export jobs that cost us $1.1 billion in 2012. Meanwhile, vulnerable workers are hit with a big increase in Social Security payroll taxes, as rates revert to 2010 levels.



barack-obama-second-term

Barack Obama/Flickr



The fig leaf Obama provided to cover this surrender is a token tax increase on wealthy households earning over $450,000 per year. This marks a brazen retreat from his promise to raise taxes on those earning over $250,000, a meager reform to begin with in a tax system already rife with favors for the rich.



In this past round of budget bargaining,Obama proposed alarming cuts to key safety net programs that will be considered in upcoming negotiations. This tossed aside another key promise: to protect Social Security. It comes as nearly half of Americans are either low-income or living in poverty, and one in three seniors relies on Social Security to stay out of poverty.



Obama also offered to slash needed reductions in bloated military spending from $500 billion over 10 years, the amount included in the 2011 budget deal, to a mere $100 billion.



Obama’s abandonment of his progressive base repeats 2008 post-election history, when the hope-and-change candidate suddenly devolved into a fearless defender of economic privilege. His early White House appointments of Wall Street darlings Larry Summers and Timothy Geithner were followed, with breath-taking irony, by the naming of General Electric CEO Jeffrey Immelt, America’s leader in layoffs, to head the jobs council.



Team Obama then led the charge for trillions in Wall Street bailouts, corporate-driven trade agreements that send jobs overseas and depress U.S. wages, health care reform that locked public options out of the debate, drill-baby-drill energy policies, the sabotage of international climate accords, foreclosure neglect, surging immigrant deportations, drone attacks, assaults on civil liberties, and more.



As Obama’s second term begins, he’s again undermining the progressive base, paving the way for more austerity, disparities, war and corporate power.



Washington’s failure to deal justly and effectively with the fake fiscal cliff calamity leaves little hope it will resolve the real looming crises — the unraveling economy and accelerating climate catastrophe. The enormity of these threats compel solutions of equal magnitude — like the Green New Deal I promoted as the Green Party’s presidential candidate in 2012. It would obliterate the fiscal cliff while putting America back to work, greening the economy, cutting the oversized military, saving trillions through Medicare for All, and taxing the wealthy.



Fortunately, grassroots movements and non-corporate political parties have begun to lead the way. It’s time to join them while we still can, putting our voices, bodies, and votes behind real solutions that can truly deliver a peaceful, just, green future for us all.





Jill Stein won half a million votes as the Green Party's presidential candidate in 2012. JillStein.org Distributed via OtherWords (OtherWords.org)

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January 16, 2013
WHY ISN'T ANY OF PEOPLE SAYING ANYTHING ABOUT THIS..

HE SAID NOT TAXES ON MIDDLE CLASS..

This is worth reading and thinking about. Pay attention to your next Social Security income, whether you get a check or an electronic deposit....note what it is now called...see below.. Have you noticed, your Social Security check is now referred to as a "Federal Benefit Payment"? I'll be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it. The government is now referring to our Social Security checks as a “Federal Benefit Payment.”This isn’t a benefit – its earned income!Not only did we all contribute to Social Security but our employers did too.It totaled 15% of our income before taxes.If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security.If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employer’s contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3 million dollars saved! This is your personal investment.Upon retirement, if you took out only 3% per year, you'd receive $39,318 per year, or $3,277 per month. That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the Social Security Administration (Google it - it’s a fact).

And your retirement fund would last more than 33 years (until you're 98 if you retire at age 65)!I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did.They took our money and used it elsewhere. They “forgot” that it was OUR

money they were taking. They didn’t have a referendum to ask us if we wanted to lend the money to them. And they didn’t pay interest on the debt they assumed. And recently, they’ve told us that the money won’t support us for very much longer. But is it our fault they misused our investments? And now, to add insult to injury, they’re calling it a “benefit,” as if we never worked to earn every penny of it. Just because they “borrowed” the money, doesn't mean that our investments were a charity!

Let’s take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government –Find a way to keep Social Security and Medicare going, for the sake of that 92% of our population who need i
btw...
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January 16, 2013
just so you all know.. it was not only obama, it was your cherished republicans that slip it in you as well..

but in the end obama signed the bill..

there u go..