The Debt Deal: Our Masters Win Againby Art Jacobson on Aug. 02, 2011, under Economics, Federal Budget, Journalism, Politics, Right to Strike, Working Poor
It is too soon after the resolution of the great debt crisis “compromise” to predict its consequences. It might after all turn out that money and jobs trickle down from the coffers of the protected banks, corporations and ultra rich.
Perhaps in the new America of fiscal responsibility the working class will be inspired to hitch up its collective britches and realize the American dream unhampered by the cost of compulsory of health insurance; unsnarled in safety nets; and freed of the cruel domination of labor unions. And all at the minimum wage.
In other words we might actually realize, and come to adore, the great conservative heaven
Of course there is always the chance that we will watch a process of slow decay as we produce a permanent under-class of the unemployed, and underemployed, whose lack of buying power eats away at small business, by denying those businesses customers.
Keith Olbermann has offered an excellent analysis of what the nation has been put through. He doesn’t think polite letters to our congressmen are going to turn things around.
… the only response is to be organized and unified and hell-bent in return. We must find again the energy and the purpose of the 1960′s and early 1970′s and we must protest this deal and all the God damn deals to come, in the streets. We must arise, non-violently but insistently. General strikes, boycotts, protests, sit-ins, non-cooperation take-overs – but modern versions of that resistance, facilitated and amplified, by a weapon our predecessors did not have: the glory that is instantaneous communication.