Bill smacks down President Obama as a shill for the financial oligarchy.
This column was prompted by Charles M. Blow’s excellent column about the slanderous way that the term “lynch mob” is used by the right-wing to denounce Americans whenever we protest police violence against (primarily) people of color. The protesters want justice. They do not want to lynch anyone. The same is true of the American people’s demands that the banksters be brought to justice.
President Obama, however, began his term of office by slandering the American people who wanted him to restore the rule of law and bring the banksters to justice. Simon Johnson and James Kwak, the authors of Thirteen Bankers, cite Obama’s claim to the 13 bankers at the infamous March 31, 2009 meeting so close to the start of his term of office that he was all that was protecting them from the public’s “pitchforks” as the defining event of the administration on financial issues.When the political authority has to protect the security services and the plutocrats from the wrath of the people, the end is nigh. The wheels are coming off. The only what that the those in power can save the system is by imposing an authoritarian state through total surveillance and persecution of dissent. When dissenters become enemies of the state, the liberal democracy is dead.
New Economic Perspectives
President Obama Should Apologize for Labelling Americans a Murderous Mob
William K. Black | Associate Professor of Economics and Law, UMKC
The word "democracy" comes from the Greek. It means "rule by the people".
ReplyDeleteBut our betters see "the people" as "the mob", "the rabble", "the boorish proletariat".
Logically, for them, democracy means "mob rule".
It may not be pleasant to hear, if you are included among the brutes, but it isn't hard to understand.