Monday, November 10, 2008

Obama: A Euphoric Feeling that Change will Occur

"Obama is no different. He will soon be exposed the person he really is; just another wolf in sheep clothing. Obama’s promises to protect the middle class are just empty promises. This was obvious after he approved the $700 billion (plus interest) bailout to give more tax money to corrupt bankers, who will use that money to buy weaker banks. The money should have been used to pay portions of the mortgages the middle class owe to the banks, so they could keep their homes. His acclaimed tax cut promise to the middle class means nothing to its unemployed members. The official unemployment rate is 6.5% not counting those, who are not receiving unemployment benefits and are thus not counted. In 2008 alone Americans have lost 1.2 million jobs to outsourcing. Obama’s solution to outsourcing is offering corporations tax cuts as incentives to keep the jobs in the US. Such incentive is nothing compared to the huge savings, in the forms of benefits and retirement funds the corporations are saving by employing very cheap labor force unprotected by any labor laws in third world countries lacking any environmental laws. Obama never talked about the poor Americans. For him they don’t exist."