While the Dow hit 14,000 and Wall Street cheered, economic indicators cast a broadening dark shadow. Wall street is partying like it is March 2000. Yet Q4 GDP showed economic contraction.
Past the final hour the House finally passed a bill to avert the fiscal cliff. The Senate had passed the legislation in the wee hours of New Years Day and after much brew ha-ha the House allowed an up and down vote on the Senate bill. We have listened to months and months of squabbling, bringing the economy to the brink over a very simple final result that could have been passed months ago.
There is a war on social security and America is losing the battle. One constant in the fiscal cliff negotiations is the agenda to cut your retirement benefits by a ruse, a lowering of the inflation adjustment.
International corporations use “free market” capitalism ideology to justify globalization and create a “world-market-state.” Supposedly, “free market” capitalism makes America’s economy efficient and, therefore, far more prosperous. In practice, however, international corporations promote laws based on “free market” capitalism—for their own benefit.
We have lobbyists controlling the fiscal cliff debate and the messaging:
By posing as populists hostile to “government social engineering,” the Right succeeded in duping large numbers of middle-class Americans into seeing their own interests – and their “freedom” – as in line with corporate titans.
Corporations are literally posing as grassroots activists with media appearances, twitter accounts, social media, major articles and dedicated websites, all in an effort to hoodwink the American people into signing onto having their social security cut along with their health benefits.
Pundits and Lobbyists all make huge riches ranting and prattling on how someone is stealing food stamps or how Grandma should have her social security benefits cut and denied health care. Corporate controlled financial press puts biased choices for their 1% audience. Those still ethical and objective cannot type fast enough to confront all of the lies on the fiscal cliff. We are being barraged with corporate money funded digital bitstream lies on an minute by minute basis.
Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used.
The fiscal cliff is the result of the inability to close the federal budget deficit. The budget deficit cannot be closed because large numbers of US middle class jobs and the GDP and tax base associated with them have been moved offshore, thus reducing federal revenues. The fiscal cliff cannot be closed because of the unfunded liabilities of eleven years of US-initiated wars against a half dozen Muslim countries–wars that have benefited only the profits of the military/security complex and the territorial ambitions of Israel. The budget deficit cannot be closed, because economic policy is focused only on saving banks that wrongful financial deregulation allowed to speculate, to merge, and to become too big to fail, thus requiring public subsidies that vastly dwarf the totality of US welfare spending.
The main stream media has finally caught on that Congress will cause a major recession through economic blackmail in addressing the Fiscal cliff. Now there are calls for compromise. Ever notice when we hear the call for compromise there are few specifics? That's our problem with D.C. generally, policies based on facts, statistics and their effects not only are ignored, we hear plain lies on what these agendas actually do.
The blueprint for a deal to avoid a fiscal nightmare early next year may be found in the failed debt negotiations between President Barack Obama and House Speaker John Boehner in mid-2011.
Part of their talks on a $4 trillion deficit-cutting plan included a gradual increase in the Medicare eligibility age to 67 and an alternative yardstick for calculating inflation that would reduce annual Social Security cost-of-living adjustments.
The spending was obscene. The campaign was an astounding 18 months of drum beats and cable noise over an electoral map where most states are not competitive for both parties. The Center for Responsible Politics estimates this election cost $6 billion.
Past the final hour the House finally passed a bill to avert the 
There is a war on social security and America is losing the battle. One constant in the 
We have lobbyists controlling the fiscal cliff debate and 
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The spending was obscene. The campaign was an astounding 18 months of drum beats and cable noise over an electoral map where most states are not competitive for both parties. The
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