Are
we there yet?� Have we rebounded from the downed economy
of two years ago?� Our dear President tells us that we�ve
made leaps and bounds from where we were.� We gained 100,000
new jobs last month, we had the foreclosure rate go down - down 26% from the year before. Driven by investigations by the
Fed, the FDIC and states banks' robo-signer foreclosure
process, Obama appears to be on the right track.
Now,
Obama has the answer: hire in two (or more) corporate heads
to help him jump start the economy�people who helped drive
our country�s economy into the ground, while their corporations
made out like bandits.� President Obama has done a 180-degree
turn�into a conservative.
Last week, Obama named Jeffrey Immelt, President and Chief Executive
Officer of Fairfield, Connecticut-based General Electric,
to head a new White House Council on Jobs and Competitiveness.
"We think GE has something to teach businesses all
across America," said Obama.��
What?� Is that because GE is about
to open an advanced battery manufacturing plant that will
employ 350 people?� Is it because GE located its renewable
energy headquarters at the GE campus, which employs more
than 650 people?� I surely hope not.� These facts don�t
outweigh the fact that GE has laid off over 21,000 workers
last year, closed 20 U.S. plants and currently has 53% of
its workforce outside the United States!� How does
that help us here at home?�
We don�t need Immelt or those of
his ilk in advisory, policy-making or legislation-creating
positions!� That old adage of �running government like a
business is bull!� That doesn�t help us here at home�Government
is for people�real, live people�not for getting rich; that�s
the role of corporations.
Obama thinks that being
corporation-friendly will win over the Right.� He�s sadly
mistaken.� It�s been proven that whenever corporation heads
flood government, the economy (the people) get raped.� Revolving-door
politics rarely leaves the country in a stronger position,
just a more bent over one.
Obama
has also replaced Chief of Staff Rahm Emanuel with William
Daley.� Daley is a senior executive VP with JP Morgan. He was
Emanuel�s mentor, and President Clinton�s
Secretary
of Commerce. And yes, he is a scion of the Daley
family�the famed family of Chicago politics.
Then there�s Sperling�Obama is replacing
his Chief Economic Adviser � Larry Summers � with Gene Sperling.�
Sperling is currently a counselor to Treasury Secretary Timothy Geithner,
and is now being appointed as Obama�s chief economic adviser.
He served as a consultant to Goldman Sachs, and in 2008
harvested sums reaching seven-figures for his work there
and in delivering speeches to the highest ranks of the financial
services realm.
Economist Dean Baker and the liberal
pundit Robert Kuttner wrote that a key item on Sperling�s
resume is the nearly $900,000 he earned as a consultant
for Goldman Sachs�at the very time the bank was playing
a leading role in the worst financial crisis since the Great
Depression.
A
group of House Republicans, last Thursday, introduced a
proposal to cut spending from more than 100 federal programs
and cut back spending levels by $2.5 trillion over the next
decade.� The bill would hold 2011. non-security discretionary
spending to 2008 levels, freeze non-defense discretionary
spending to 2006 levels for 10 years and cut the federal
workforce by 15 percent, according to the Republican Study
Committee, a group made up of conservative lawmakers.
While
Republican leaders like House Speaker John Boehner and Majority
Leader Eric Cantor offered kind words for the Study Committee�s
recommendations, they stopped short of endorsing them. That�s
like ethanol:� It was supposed to make gas cheaper, but
we ended up paying double the price!
In
his State of the Union Address, President Obama told us
that it�s all good.� The pep talk will get his ratings up
for a quick second.� But no matter what he says, the Republicans
are going to say otherwise.� Who do you trust?� What I know
is, as a black person, it never mattered what the economy
was doing!� I�ve always struggled�
The
economy is not doing well, and hiring corporate raiders
and cutting essential services to poor people won�t make
it better.� What I know is, the president�s policies are
looking more and more Republican.� It might get his poll
numbers up, but it won�t bode well come re-election time.�
I can�t see a reason to vote for someone who allows mechanisms
to stay in place that keep me poor.� We�re losing at home
and our options are few. What are you going to do?�
BlackCommentator.com
Guest Commentator Perry Redd is the former Executive Director
of the workers rights advocacy, Sincere Seven, and author
of the on-line commentary, �The
Other Side of the Tracks�. He is host of the internet-based
talk radio show, Socially Speaking in Washington, DC.
Click here
to contact Mr. Redd.
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