Monday, August 1, 2011

Boy in the Hood

In honor of the pimp's Big Deal.

Chris Floyd.
So the deed is done. The "debt ceiling" crisis has been "resolved" by a further maniacal destruction of the commonweal, in a bipartisan pact that completely ignores the murderous imperial wars as the primary drain on the nation's treasury. The deal also sets up an unaccountable politburo (the special "Super Congress" committee) that will remove further coddling of the rich from the democratic process altogther.

However, I do feel I must defend our president from the charges of "weakness" and "cowardice" and "capitulation" that are pouring in on his noble head from all sides. Many learned Thebans are advancing the idea that Barack Obama has somehow "capitulated" to "extremists" who "forced" him into this "terrible deal."

The truth of course is that the Republican "extremists" served the same function for Obama as the "fatal vision" of the daggers did for Macbeth: "Thou marshal'st me the way that I was going." Obama came into office declaring his intent to strike a "grand bargain" on the deficit, eagerly putting Medicare, Social Security and other programs on the table for "reforms." He made clear from the start that his first and foremost allegiance was to the elite institutions of the financial markets (and the militarist oligarchy they feed); hence the $13 trillion offered up to Wall Street as compared to the transparently inadequate $700 billion offered as "stimulus" to the rest of the country -- money that was like tossing a few grains of sand into an ocean of economic need ... and which is now gone anyway.

Obama had many options for avoiding this "crisis," long before it came to a head. He didn't take those options because, like all good disaster capitalists, he wanted and needed a crisis of this sort to enact the brutal economic agenda he has openly advocated from the beginning. The result, of course, will be further impoverishment and diminishment in the lives of millions of ordinary people, for years to come -- and, ironically, the eventual collapse of the monstrous system that supports the ravenous elite that Obama serves with such panache.

History affords few examples of the political elite of a country commiting such an act of national suicide in order to protect the already super-rich from the slightest impingement of their already colossal fortunes.

I suppose Easter Island might serves a pertinent precursor.