In a speech delivered to mark Labor Day in the US, President Obama made clear that there will be no significant government measures to address the most severe jobs crisis since the Great Depression of the 1930s.
But what about the highly touted $50 billion Obama's announced for infrastructure repair? Well...
Speaking in Milwaukee, Wisconsin on Monday, Obama trumpeted a plan for investment in infrastructure and transportation as a significant jobs program. Despite efforts by the media to play up the announcement, it quickly emerged that the administration is simply asking Congress to reauthorize a bill that is routinely passed every five years. His proposal for spending is little changed from previous years.
The $50 billion is 'front loaded' from money already in the pipeline. Yes, it's better under the circumstances to go ahead and use the money, but what happens when those monies are spent? Will Obama have the political backing to up the ante? It doesn't look like he will, even if the Democrats retain control of the House and/or the Senate. The $50 billion is an election year political ploy juggling already earmarked money. It's smoke and mirrors.
Obama’s rejection of any serious jobs program is part of a conscious class war policy. Two years after the financial crisis and the multi-trillion dollar bailout of the banks, the administration is spearheading a campaign by corporations to sharply increase the exploitation of the working class, using the “new normal” of mass unemployment to force workers to accept lower wages, longer hours, and more brutal working conditions.
I'll let you read the rest of the article. There may be a few friends of workers in the Obama administration and the Congress. Both have shown through their relative inaction during the economic crisis that the majority are more concerned for the bosses and bankster frauds. Both major parties are wedded to financial and business interests for it to be any different. Until workers reach the conclusion that their interests are not served by either party nothing will change. Will another few years under a Republican Congress help to change workers' minds? And will a metaphorical bloodbath in November help to move the Democrats to the real left? The answer to both questions will help to show what direction the country will be taking in the next few years.


