As Cities Disintegrate, Obama Pushes More Cuts - Restore Glass-Steagall Now
July 15, 2010 -- I've been seeing through my campaign a very disturbing picture emerge, of the collapse of local governments, layoffs of police, firefighters, and municipal workers, cutbacks in local libraries and schools, and a growing sense of hopelessness. This is what economist Lyndon LaRouche meant in July 2007, when he forecast that we were headed into a dark age, if we allowed the financial disintegration to continue uncontrolled.
The treacherous actions of Barney Frank to prevent the reinstatement of Glass-Steagall from being included in the Frank-Dodd bill, is now devastating cities and towns around the country, as these cities, with less state aid and less tax revenues, are now in deepening levels of bankruptcy.
The intent of how the Obama administration will deal with this crisis was made clear last weekend by members of Obama's hand-crafted austerity commission, the National Commission on Fiscal Responsibility and Reform, while addressing the conference of the National Governors Association in Boston. “There will be no more bringing home the bacon,” warned Republican head Alan Simpson, “the pig is dead,” referring to Federal aid to states. When questioned by Gov. Doyle of Wisconsin about a future plan to restore “intense needs that have been denied that must be met” should the economy recover, he was told by Democratic chair Erskin Bowles, "No matter how much our plan succeeds, states can't anticipate any help from the Federal government for 10 years..."
This is an open endorsement of fascism from Obama and his administration, as dictated by London-based financial interests. The premise on which this commission was established, and on which their recommendations are based, is a fraud. There is another option besides budget-cutting or raising taxes; namely, increasing physical production and productive employment. The restoration of Glass-Steagall will allow us to write off the worthless derivative obligations of investment banks, while freeing up newly-separated commercial banks to extend credit to the real economy.
My campaign represents a fight to save the nation. This can only be done by removing British puppet Obama from office, and implementing Glass-Steagall, immediately. LaRouche recently forecast a point of global, genocidal economic disintegration to occur, by no later than September of this year. Under this time-frame, “waiting for the election” means the nation will already be dead.
It is time to reverse this process, and defend our citizens. A solution is possible, but we must act now.
--Rachel Brown

