Everywhere you look, the media narrative is that President Obama is “capitulating” to Republicans by agreeing to cuts in Social Security benefits.
And I have to ask, where is this collective political amnesia coming from?
Obama has made a deliberate and concerted effort to cut Social Security benefits since the time he took office. FDL reported on February 12, 2009 that the White House was meeting behind closed doors to consider ways to cut Social Security benefits, and that the framework they were using was the Diamond-Orszag plan, which was co-authored by OMB Director Peter Orszag when he was at the Brookings Institute.
The birth of the now-ubiquitous “catfood” meme came on February 18, 2009 with this FDL headline:
As I wrote in August of 2010, Peterson’s keynote spot was the worst kept secret in town; I knew about it because I had been on a conference call with about 40 representatives of various DC interest groups, many of whom had received written notice from the White House that Peterson was scheduled to headline the event. But nobody wanted to go on the record for fear of jeopardizing their relationship with the administration in its early days.
After FDL broke the news, Peterson was “disinvited” from the summit. Both he and the White House denied everything, but Robert Kuttner subsequently confirmed in the Washington Post that Peterson had, in fact, been scheduled as the keynote speaker that day.
The administration backed off its immediate plans for reforming Social Security. The New York Times reported that they were “running into opposition from his party’s left” who are “vehement in opposing any reductions in scheduled benefits for future retirees.” But NYT columnist David Brooks reported that shortly after the summit, “four senior members of the administration” called him to say that Obama “is extremely committed to entitlement reform and is plotting politically feasible ways to reduce Social Security.”
Undeterred, the White House began telling journalists off the record that they were interested in “establishing an independent commission (outside the congressional committee structure) to look at creating a specific reform plan.”
In January of 2010, a bill sponsored by committed Social Security slashers Judd Gregg and Kent Conrad which would have created an official commission to make recommendations about the nation’s deficit was defeated by the Senate on a bipartisan vote — 22 Democrats and 24 Republicans voted no.
After the Senate defeat, on February 18, President Obama issued an executive order creating what subsequently became known as the “Catfood Commission” anyway.
Unlike Bill Clinton’s Danforth Commission, which ended in deadlock, Obama set this commission up in such a way that it was stacked with deficit hawks who largely agreed on what needed to be done: 12 of the 18 members were to be appointed by Senate and House leaders in each party, and 6 would be appointed by the President. This virtually guaranteed that Social Security privatization fetishist Paul Ryan would be on the commission, as would Gregg and Conrad.
Among the President’s six appointments:
- Chairman Erskine Bowles, described by Business Week as “corporate America’s friend in the White House.” Bowles had negotiated the deal between Newt Gingrich and Bill Clinton to create “private social security accounts” where “taxpayers get some choice as to how to invest their contributions.” The deal fell through when the Monica Lewinsky episode jumped into the headlines.
- As Bowles’ Republican Co-Chair, the President appointed loose cannon Alan Simpson, the former rich kid GOP Senator from Wyoming once famously said that those who were complaining that Social Security needed protection were “people who live in gated communities and drive their Lexus to the Perkins restaurant to get the AARP discount.”
- Alice Rivlin was appointed by Obama to be chief wonk of the Catfood Commission, a Brookings Institute fellow who had been funded by Pete Peterson and a strong supporter of raising the retirement age to 70 — resulting in a 20% benefit cut to Social Security recipients.
- David M. Cote, the Republican CEO of defense contractor Honeywell
The composition of the Commission was conveniently stacked with 14 of the 18 members committed deficit hawks looking to start balancing the federal budget on the backs of old people.
And who supplied the staff to the commission? Why, Pete Peterson.
Are we to believe that the President was blissfully ignorant of the agendas of the people he appointed to this commission, created with the goal of bypassing Congressional process?
With the exception of a few public dog and pony shows, the Commission conducted its deliberations in secret. But on June 16 of 2010, Alex Lawson of Social Security Works blew a hole in that secrecy on the front page of FDL when he caught Alan Simpson on live streaming video as he was exiting a meeting of the Catfood Commission. In real time, Alex got Alan Simpson to say what everyone in the room was thinking but wouldn’t say publicly. Simpson told Alex that the commission was “really working on solvency”:
We’re trying to take care of the lesser people in society and do that in a way without getting into all the flash words you love dig up, like cutting Social Security, which is bullshit. We’re not cutting anything, we’re trying to make it solvent.
The Catfood Commission ultimately failed it is mission, due in no small part to the work of people like Alex, Nancy Altman and Eric Kingson of Social Security Works who have consistently been out there informing and uniting interest groups and educating the public to the fact that, yes, the White House has an agenda of cutting Social Security benefits.
I don’t know why Obama wants to cut Social Security benefits. I do know that Obama has been honest about it from the start. In January of 2009, even before he took office, he told the Washington Post that he believed Social Security was a broken system and that “entitlement reform” was something he wanted to achieve during his tenure in office:
Obama said that he has made clear to his advisers that some of the difficult choices–particularly in regards to entitlement programs like Social Security and Medicare – should be made on his watch. “We’ve kicked this can down the road and now we are at the end of the road,” he said.
Perhaps Obama wants to do what Bill Clinton couldn’t do. It’s clear the oligarch class has decided that this is what must happen, and that in order to be considered a “serious” person, this is what a President must do. Perhaps Obama simply wants to be considered a “serious person” by those in the ruling class.
But it’s clear that he did not arrive at the decision to “reform” Social Security and cut benefits because he is a poor negotiator, or because of Republican arm twisting. It defies all logic and reason to look at his actions over the years and think that the President is now “capitulating” on Social Security.
The President has been very forthcoming about the fact that cutting Social Security benefits is something he wants to do. When he said during the debate that he didn’t differ from Mitt Romney on entitlement reform, he meant it. It’s time for people to remove the rose-colored glasses and stop projecting their own feelings on to the man. It’s time to take him at his word.





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Don’t forget that Obama was the only D.C. politico who showed up, back in 2006, at the opening of the Pete Peterson-funded Hamilton Project. Has someone like Ezra Klein asked the President why he wants to cut Social Security benefits?
I definitely always, and we are talking ’08 primary always, have taken him at his word on social security. But I did expect other Democrats to stop him.
Obomba *promised* to cut/gut Soc Sec & Medicare in the 2d “debate” this fall. Where’s the surprise? No one, and I mean no one other than the 1% who are venal greedy shitheads, is holding Obomba’s feet to the fire.
This ain’t a capitulation to ReThugs, nor is it some bipartisany bullshit. It’s simply what Obomba WANTS to do: stick it to the middle and working class because he can.
Bend over & get ready for the shaft.
If anyone’s “surprised,” then either they’re lying or they weren’t paying any attention.
Can We Please Stop Pretending Obama is “Capitulating” on Social Security?
Yes We Can !!!
Ah yes, “the United States of Amnesia”, as Gore Vidal said.
Worse than the pretense is the … “surprise”.
Thank you, Jane< for pointing out the truth that so many choose, expediently, and profitably, presumably, to ignore.
One also notes how convenient the recent tragedy is, in regards to shifting attention away from the truth which you underline … (let no crisis go unused, perhaps?).
DW
Right? Yesterday I did a little timeline of sorts:
http://www.dailykos.com/story/2012/12/18/1171572/-Are-Your-Eyes-Open-Yet
2006:
“Too many of us [on the left] have been interested in defending programs the way they were written in 1938.”
January 2009:
I asked the president-elect, “At the end of the day, are you really talking about over the course of your presidency some kind of grand bargain? That you have tax reform, healthcare reform, entitlement reform including Social Security and Medicare, where everybody in the country is going to have to sacrifice something, accept change for the greater good?”
“Yes,” Obama said.
February 2010
President Obama on Thursday officially established a bipartisan commission to propose ways by December to rein in the growing national debt…As he did so, he was flanked at the White House by his choices for co-chairmen, Alan K. Simpson, a former Republican Senate leader from Wyoming, and Erskine B. Bowles, a centrist Democrat from North Carolina who was President Bill Clinton’s White House chief of staff.
July 2011
President Obama is pressing congressional leaders to consider a far-reaching debt-reduction plan that would force Democrats to accept major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue.
July 2011
…what we had offered Speaker Boehner was over a trillion dollars in cuts to discretionary spending, both domestic and defense. We then offered an additional $650 billion in cuts to entitlement programs — Medicare, Medicaid, Social Security.”
October 2012
It won’t be pleasant. But I am absolutely confident that we can get what is the equivalent of the grand bargain that essentially I’ve been offering to the Republicans for a very long time, which is $2.50 worth of cuts for every dollar in spending, and work to reduce the costs of our health care programs.
December 2012
This morning, The Wall Street Journal, The New York Times and a gazillion other major media outlets are reporting that President Barack Obama’s newest offer, like Boehner’s, embraces the use of the “chained consumer price index,” a formula for calculating inflation that would reduce the growth of Social Security benefits by making annual cost-of-living adjustments smaller.
of course there were many people who have been telling the rest of us who obama really is but they are not part of the MSM.
EVERY PROGRESSIVE VOICE I READ HAS SINCE OBAMaS ELECTION BEEN SOUNDING THE ALARM ABOUT THIS EVIL FRAUD OBAMA.
well…now it has come to pass and he has no worry of every having to face the voters.
the entrenched democrats will gladly throw their own under the bus to achieve what i maintain has ALWAYS been obamas main goal, the DESTRUCTION of the democratic party.
obama is a right wing republican and its to late to stop him.
Exactly which Democrats did you have in mind? I wrote to Dick Durbin (my senator) on this issue two years ago, saying that if he tried to balance the budget on the backs of those who have the least in society, I would not only never vote for him again but would actively work against him. I received a letter back with the usual tripe about everyone “having to sacrifice”. You don’t have any representatives in Congress anymore. Neither do I. Doesn’t matter whom you vote for; they’re all out for themselves.
This article is a perfect example of why I love FDL and find it indispensibe reading: it’s fact-based and unflinching, even when it comes to the President.
In our culture of celebrity worship and horse-race political reporting, there’s such willingness to accept the political scripts as dictated by parties, leaders and pundits and so little attention paid to what politicians actually do and actually say. Except here on FDL.
Thanks so much for all you do to keep us informed about facted-based reality.
I don’t know. Wishful thinking I guess.
The big O is just doing what he intended to – gut the safety net – - the only way to stop it is to pressure the FEW progressives in the senate to – - dare I say it – - fillibuster any cuts, and chained CPI for cola is a cut.
Thank You Jane and as Glen Ford said the more effective evil. If this was a repug doing this demodogs would be screaming blood murder but since its 0 doing it all they want to know is where to sign on to destorying Main Street for their puppet masters.
Reform?
No, this proposed change in the indexing formula is tinkering.
O is what his good friend Cass Sunstein would call a surprising validator:
I think many of us knew what was in the cards, thanks in part to FDL. But, what was to be done? No organization or prominent individuals with any clout endorsed a third party candidate, and even so, that was a long shot anyway. It doesn’t matter that a majority of people favor increasing marginal rates on those making over $250 to 40+%, enacting a Robin Hood tax on stock market transactions, increasing the dividend tax and severly cutting military spending. It just doesn’t matter what makes sense and there doesn’t seem to be a solution.
Bold Progressives/PCCC – surveying Congr. Dems and putting up responses from those they claim will oppose
the usual weasel wording abounds, eg, “I’m not happy with it”, “I don’t like it” blah blah blah
In the same way they stopped Bush on Iraq back in 2006 when given a Democratic majority? Or pushed the public option?
The Democratic Party is worse than useless. They are there to provide the illusion that we have a working democracy rather than a plutocracy.
Any day now there is gonna be some stern letter writing and feet held to fire…….*snort*
“please stop pretending”
Thank you, Jane.
And, it seems, the answer in “no” we can’t stop pretending because then the last shred of Obama the magnificent (or maleficent) would be severed.
Rex has a diary up today reminding that there’s a reconciliation resolution in play. If that’s the case, SS may not be part of the budget, but the CPI is used for more than SS – is this another potential problem in the next few days? Don’t know much about it, but may make any in the Senate who “don’t like it” even less believable.
And what does it do? Help balance the budget? No. Make SS and Medicare more ‘sound?’ No. It doesn’t do anything, it’s a bank robbery.
I’m still waiting to see who the pragmatists who insist that voting Democratic is essential are planning to put up in primaries for the candidates that are on the record saying they’d agree to cuts. Supposedly they plan on reforming the party through primary challenges.
A certain Nobel laureate in Economics apparently can’t stop pretending.
thanks
The majority of dems do not support the working class – their actions over the past 20 years clearly shows us that. The two party system does not work when both parties belong to the corp. I still can’t figure out why people are surprised with what is happening.
Third party organizers – they way to fix this is to primary the dems that are failing the 98% -
I hope that is what will happen – but the damage will already be done, sadly.
Yeah I saw that. Part of the inspiration.
Exactly. The world’s oldest political party is not only a continuing obstacle to progress, but it is an obstacle to the formation of a new, progressive party.
The mandarins of the Democratic Party are engaged in an endless loop. They tell progressives to STFU because the upcoming election is vitally important, and we can’t do anything that might elect Republicans. Then, after the election is over, they tell progressives to STFU because the next election is vitally important. And so on.
Great piece and as a loyal long FDL reader, I know all this. It’s a great point: the guy who created the Simpson Commission WANTS this to happen and he always has.
My question is why the lie?
Why is this meme of “he had to do it” or “he capitulated” coming about?
How does it help Obama? Does it make him look better to capitulate or to have always intended to destroy SS? I guess the later makes him slightly more evil but we’re talking about degrees, right?
Can someone explain this to me? Cuz I don’t get it.
Sad but true, this has been his plan along and this trumped up fiscal cliff is his chance to pull it off. I knew it was coming but hoped that seeing all the people come together for him would change his heart towards them. Unfortunately, we all know the democrats led by Nancy the WH poodle are going to turn their backs on their voters and support this. Sad- and in two years the boys on MSNBC will once again convince us that the republicans are so much worse. And worse we will fall for it again and reelect the party that voted to cut ssi and medicare benefits bcz we are so afraid of the republicans.
There seems to be something terribly cynical in Obama’s character. Once elected he’s right back at it, nominating Republicans for the cabinet, pursuing cuts to SS, expanding the drone wars…
Thanks to both Jane and David Mizner. CAF’s Roger Hickey and Robert Borosage need to read these short histories and stop sending me emails urging me to “tell Obama not to cave to Republican extortion.”
Behind that smile is a monster who eats the poor, the worker, the unionist, and all the rest of us who cant afford to or refuse to contribute to his campaign.
And every liberal or progressive who voted for Obama consented to this.
I’m sick of hearing people say they had no choice.
There is always a choice. A vote doesn’t come with a “yes, but” clause attached. Voting for Obama was a consent to all of his egregious policies.
Stop voting for democrats. Period. Stop consenting to right wing policy. Period.
Thank you very much, Jane, from the bottom of my heart. We never knew how many of George Bush II’s programs Obama was committed to carry forward until he actually sprang into action, but the signs were all there as you point out. It was simply unbelievable to me that after the long, long stretch of those two terms of violence and neocon chicanery we would simply transition to neoliberal continuance – wasn’t the mantra ‘change’? Change you can believe in, even. Oh, that’s it. He really meant ‘change I can believe in, as in fealty to the Magnificent RR.
No, they are not ‘making him do it’. He wants to do it.
Somehow GW with his ‘mandate’ couldn’t do it in his second term. We need to make that happen again. This will help.
I don’t think he is lying. He couches everything he says in terms of “saving social security,” but Pete Peterson does the same thing and nobody is fooled about his agenda.
I think it’s just projection. People believing about Obama what they want to believe, even when he’s telling them straight to their faces that it’s not true.
White House contact page here.
Unless I’m missing something (which I probably am), Minority Leader (and noted sellout) Pelosi does not offer a similar contact page. You are able to sign up for her newsletter, however.
WTF?
The very fact that the Senate does have all those procedural roadblocks that could be used to delay this is why it is so transparent that there is not a single senator who is not a reliable servant of the plutocracy when it counts.
As in 2011, the only effective check on this would be a de facto coalition of those in the House of Representatives, progressive Dems and lunatic, teabag Repubs, who are not so thoroughly bought and paid-for.
The only horse-race, “political” coverage on this topic I’m interested in now is whether that may again be in the offing.
Sorry no time for links. Check my comment at TomThumb’s last diary. There’s an email to contact her. Don’t know if it works. Thanks.
I still know Dems friends of mine who want to believe Obama is just too nice or it is those evil GOPers. But I will say that number is getting smaller. I am hearten by people like Jane (I am not going to jump off my own cliff)Nancy Eric and Alex and others trying to get the word out.
Thanks Jane. I don’t mean HE’s lying, I mean the others are — who are spreading this false notion that it’s not something he wanted to do all along. But, yes, maybe projection. Or maybe people who voted for him don’t want to believe a Dem is so hell bent on cutting SS.
So do we contact our senators? Congresscritters? Or the white house directly?
At the very least the very serious pragmatists have basically lost their leverage by insisting that no behavior is too egregious to consider dumping a party that dumps on them. Because……..Republicans.
It’s pie in the sky idealism to insist that some principles are to important to compromise don’tcha know.
oldgold, you must have income that seniors barely surviving on their Social Security income don’t have, so you can’t see that proportionally these cuts are major. I read your comments last night that this new way of sizing down wouldn’t hurt low income seniors – those are precisely the ones it will hurt. The exceptions are for a certain special group plus the very elderly, 80 plus, which to become many will not survive that long if they cannot take care of themselves in the years prior to that. Once again the hidden imperative is: die quickly – only now it is not just the Republicans saying this, it is the duopoly.
At this historical moment, what a coldhearted government we have!
Indeed. And obviously the way to make Social Security a successful program is to cut benefits enough so that at the end, when the last person retires, there’s as big a balance as possible remaining in the trust fund. That was the point of the program all along, right?
No, with respect, that’s lying, Jane. It’s subterfuge. He wants people to believe what they believe, and that’s the worst kind of lying in my book.
Here is an example of the Unions are trying to shift the blame from Obama to the GOP. This is just red meat for the Dems supporters to deflect them away from Obama
http://www.huffingtonpost.com/2012/12/19/unions-fiscal-cliff-ad_n_2325752.html?ref=topbar
Crossroads is already targeting Senators.
http://www.huffingtonpost.com/2012/12/11/crossroads-gps-senate-2014_n_2277314.html
I mean, can you believe what that guy I’ve never heard of said about rape twenty-two and forty-six months from now?
Stellar, stunning, fact based, linky rich and to the truth.
Why I love this town and Mz. Hamsher.
Posted to FB.
Can’t believe there are people out there who still think these types of coverage are ‘Obama Bashing’ . . . LeSigh.
Thanks, once again, Mz. Hamsher . . . simple and clear, even a bluedog could get it. ;-)
The key is to keep that balance high because it gets “invested” into all the other fun things like war, oil subsidies, etc, etc.
If you have to pay that money out to seniors then it means you either have to raise taxes to cover those things or cut stuff like your 10 trillion dollar defense budget.
Wonderfully researched article. Thank you.
Priceman over at Kos:
http://www.dailykos.com/story/2012/12/19/1171811/-Chained-CPI-is-a-Cut-You-Either-Care-About-People-or-You-Don-t
The reason this post had to be written is because the propaganda machine that is MSM is couching everything as R v. D and the Obamabots are eating it up with a spoon. Over at burnt Orange they are blaming everything on Boehner and the R’s like Obama is FDR. Definitely Mittens was chosen so the more effective evil could finish the job he was hired to do.
Excellent article.
That’s absolutely right. I realized after I submitted my comment that it didn’t really work as snark because basically that is exactly what’s going on: collect money for SocSec through regressive taxation, keep benefits stingy, then make them stingier, and shovel the money to the rich (with a decent portion set aside for wars that also benefit the rich). And you get to do all the above in the name of “saving” SocSec!
Let me try the snark once more: it’s natural that our leaders are so preoccupied with how SocSec finances will look 50-75 years from now, since they are incredibly concerned with how climate change and environmental degradation will make the planet look in that time frame.
Aren’t the tea party house republicans the ace in the hole for progressives?? Aren’t they mandated to oppose ALL things Obama agrees to and can Boehner really get house repubs to agree to any Grand Bargain? After all, if it’s Obama, it’s socialism, regardless of what Boehner wants them to do. I still don’t think it can be done….the “Grand Bargain”. The tea party is beholden to the illusion of democracy more than anyone. It’s all propaganda, 100 percent of it. I think the rot is so complete a right wing plan that they agree with 98 percent of it, they won’t be able to agree to it. Really, the best thing for all of us is for complete tea partyism to take hold right now.
edit
I’ve been trying to remember who brought the theme here that Obomba is actually ‘the necessary evil’. If you consider the triangulation he’s managed among the putatively Good Guy Dems/Libruls, and factor in Buffy Sainte Marie’s: ‘if the Bad guys don’t get ya, the Good Guys will’…then stir in Edmund Burke’s “All that is necessary for the triumph of evil is that good men do nothing”…we might see why Obomba the People Pleaser/Elite Wannabe…is necessary to further the heists of our saftey net, educations, jobs, housing, etc. to the already uber-wealthy who really run the place.
Factor in Obomba and Congress’s 2013 NDAA,…and it’s pretty alarming for us.
Rec’d, Jane Hamsher, and thanks.
Juliania, My less than enthusiastic acceptance of this change to the index is conditioned upon a meaningful mitigation of its impact on low income seniors.
Also, it is worth noting that individuals over 65, as a group, are the wealthiest Americans. And, the gap between these individuals and the rest of America in terms of wealth has been growing over the past few decades.
The whole Obama gambit is basically working out beautifully for those who played it. If I were Mrs. Corey Booker I’d be thinking about Oval Office decor.
That group of over 65s probably contains a lot more of the obscenely wealthy Pete Petersons of the world than the younger group can claim. The ones who have over the last 30 years made sure that their lapdog legislators have passed the laws that enabled them to extract and hold on to that wealth.
The younger group has grown up in the days of falling wages and benefits, the export of their jobs and skyrocketing health insurance premiums.
That gap is getting wider all the time.
Saw someone saying yesterday that the total savings would be more or less commensurate with the 2008 bank/brokerage giveaways? Anyone got a handle on that? Rough justice!
According to the 2011 Census numbers when you use the new formula which takes into account medical coverage and cost of living 16.1 of the 65 or older set are living in poverty.
http://www.huffingtonpost.com/2011/01/13/elderly-poverty-rate-census_n_808797.html
It essentially concludes what we have now is too meager. So, of course, the solution is to cut benefits. D’oh.
Heh. I was just over at BAR, and Glen Ford‘s saying that Obomba’s ‘within harpooning distance of his Great White Whale: Social Security.
I admit I’m starting to feel more numb than angry at the corruption and rot at the center of this administration; I hope it’s a temporary condition. I can almost get riled over the 2013 NDAA and Feinstein’s amendment. Whooosh.
One of the drivers behind the original idea of Social Security was the fact that 50% of seniors were at or below poverty levels and the wealthiest Americans didn’t care then and they obviously don’t care now. Our putative Democracy needs to become a real democracy to implement solutions to our problems because the aristocracy running things now is going to kill us all (including themselves).
FDL should get behind Real Progressive candidates for 2014 and be the Quarterback not just commenting from the sidelines. Let’s begin a Nordquistlike litmus test for progressives.
What a mess. How did we come to this? We have surrendered our lives to business interests and the oligarchs.
Old Gold? do you remember the video where Obama cried to his staff, and look at those young people and said you all will be a much better person than me! “he was telling the truth here?”
http://www.democraticunderground.com/10021769478
Old GOld? those young people learned a valuable lesson yesterday! there are no good DEVILS!!! all Devils are evil.
Old Gold? I loved Obama crying act? it was tremendous? Oscar worthy!
Like Jane said? no one should be shocked by this! Obama the 1st black president wants to cut Social Security? Medicare? Medicade? programs that a real Democrat created name FDR!!!
Old Gold? Obama will never be FDR!
Old Gold? it is going to be joy watching these Dems squirm over this issue? all of them knowing, that a primary challenge from the LEFT will probably end their careers.
Old GOld? the indirect effect of GOP gerrymandering, was creating very, very, Dem districts.
Old Gold? you must be a sprinter! this is a marathon! and we will win!
because we view the GOP as MORONS, nothing else, Nothing more
Old Gold? how many of the Phony Dems, Trojan Horse Dems, will follow Obama toward the un-employment lines?
The sad thing is that they don’t need to do anything, nothing at all. We are not insolvent and never will be. If we do anything at all we should tax the rich to help reduce the difference between the upper classes and everyone else. Besides that, nothing. Oh but if we had few statesmen out there, which we do not, maybe we could fix some of the rusting bridges out there or even increase SS. Oh well !
Old Gold? how do you feel about the Fed giving Banks 16 trillion dollars?
http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
How did we avoid this Cliff?
Old GOld? can you Obama shed a tear about this? :)
Tearful President Obama: “I’m Really Proud of All of You.”
http://www.democraticunderground.com/10021769478
Old Gold? a lot of USA citizens know this fact?
how was this CLIFF avoided? only the 99% has to worry about Fiscal Cliffs?
the 1% always get the RAINBOW!!! or what ever they want? :)
Thanks for the link. The comments from the (few) Obot dead-enders are priceless, like this one:
No, really.
” The gap is getting wider..” That is the big problem of our time.
Nifty.
Too bad that some of my friends over 80 – 2 of whom still HAVE TO WORK (and are damn grateful that they have a job) – aren’t part of the lucky ducky group of Seniors over 65 who don’t have a care in the world – because they’ve RIPPED OFF the rest of us. Some of my friends over 80, including the 2 who work, are just *barely* getting by, and most of them even have some kind of tiny “pension,” to boot.
Engaging in magical thinking that somehow or others “most” Seniors are just ducky-dandy these days is just that: magical thinking.
Try again.
Great, great post Jane. Well said and absolutely necessary.
Obama Frustrated He Doesn’t Get Credit For Wanting to Cut Social Security and Medicare
If he doesn’t want to cut these programs, then why on Earth is he upset that more people don’t know he tried to cut them???
Hi Jane.
Thanks for your continued excellent reporting on this matter, beginning in January 2009. I was already getting worried about Obama when he pulled his FISA betrayal and when I saw the batch of Rubinites he was appointing to his economic team. But the alliance with Pete Peterson tore it for me.
You were similarly out ahead of the everyone else on reporting his healthcare betrayals.
Thanks for you fine work.
That percentage is bound to increase. The 2007-08 financial crash hit younger members of the Baby Boom generation very hard. Many of them took a triple whammy: their home lost a big chunk of its value, their stocks lost a big chunk of their value, and they got pushed out of their jobs and into lower-paying work or none at all. Many of them were well below age 65 and have little chance of recovering their losses before officially reaching retirement age.
By the time that BHO is done so few Liberals will admit they voted for him that Jill Stein can claim she actually won the 2012 election. If Willard had become our Ruler we might have had a chance to slow the imposition of this agenda, now we can only sit back and whine as we are hearded Forward.
There is some warped justice in this outcome since we all share some responsibility for supporting this agenda when it was applied to other countries, it only became unbearable when we are the ones suffering.
I think you can trace it to Ike, when he had part of the White House lawn torn up and converted into a practice putting green. What sort of POTUS would do such a thing? The sort who was the first short-timer, the first POTUS who had term limits. I mean, the term limit 22nd Amendment was a Constitutional repudiation of the New Deal.
Don’t accept it, oldgold. See Eli’s good post calling for eliminating the cap and lowering eligibility. We desperately need to expand, not shrink, at this point of time. As Eli points out succinctly (and I love OmAli’s responses) it is crazy to think this ‘deal’ will solve anything in this present short moment we call the days of our lives.
I’m beginning to think that like his idol, Obama is showing signs of early Alzheimers. But I wouldn’t really know. I stopped listening to him way, way back.
You were similarly out ahead of the everyone else on reporting his healthcare betrayals.
Speaking of which, Jennifer Granholm had an interesting tidbit in her memoir, A Governor’s Story. Before the 2008 election, she asked Obama whether, as president, he would give Michigan a federal waiver to establish a version of RomneyCare in her state. Obama told her that if elected, he planned to make RomneyCare–not single-payer or the public option–a national program.
Yes, I must say I am totally thrilled that most of the 1%ers are in my group.
We shall all march up to the pearly gates together.
The median income of people over age 65 is less than $20,000 a year.
Remember, the median is the point that half the population is below, so half of our senior citizens are living on less than $20,000 a year. And the president wants to cut their Social Security payments??? What an *******.
Does ******* = asshole?
And that debate position nearly cost him the election. He went from a comfortable lead to a sizeable deficit in just one night. Probably the biggest drop in debate history.
If he goes through with his obsession to cut SS, it will cost him his legacy.
Yes, I didn’t know if FDL would let me type that so I censored myself.
I think FDL allows a little salty language if it’s appropriate. :)
Boehner and Obama’s respective staffs haven’t talked in a couple of days.
That means Obama may not get his grand bargain, and that’s a good thing.
http://www.huffingtonpost.com/2012/12/19/fiscal-cliff-negotiations_n_2330991.html
We really need to ask at this late date WHO it was who was financing Obama’s run for the White House to begin with. I think it is important to know. We do know about how the Bradley Foundation bankrolled Cory Booker’s political career, and I want to know WHO it was who started Obama on his way. It is clear Obama was a mole for the other side or for corporate interests; he is in no way a Democrat.
Or at least to the Gated Communities. ;o)
I’m sure he’ll have a nice cushy job doing the speech circuit for the 1%ers to console himself with. Look at W. It’s not like the fact that over 50% of historians view him as a failure stops him from anything.
Wait, I remember something about Giuliani hating BO because he’s a socialist community organizer. That’s what I remember. And he’s weak on defense, isn’t he? He’s a damn liberal, right? I remember that, for sure. And he’s black, right? So he’s a muslim islamist who hates white people like Reagan. I remember that, for sure!
Yep. Contrary to widespread belief, Romney would NOT have been worse because the Democrats in Congress would have shot any far right proposals down.
Honestly, the Congressional Republicans, with their intransigence, have become a more socially progressive force than the Obama Democrats on economic issues.
Obama is very aware that cutting SS is still the 3rd rail.
If he can make it look like he was “forced”…
Both parties will be to blame, so neither can be punished by the voters.
But DW he is the lessor of two evils right? Romney would have been so much worse. Good thing he wasn’t elected because he would have gutted the safety net.
Well, there’s this:
Top Contributors to Barack Obama, 2008
University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
https://www.opensecrets.org/pres08/contrib.php?cid=N00009638
If you have one individual who is worth 100 million and 99 dependent on SS, what do you think the average wealth is?
A full time minimum wage job (ha!) is $15,080 per year ($7.25 per hour x 40 per week x 52 weeks)
The average annual Social Security benefit is currently $14,844 per year (12 months x $1,237 per month)
Surtt @ 96
Yes, there is some of that, but the statistics show that the wealth differential is broad based. Here.Here.
LOL, I’d forgotten about that.
Take heart; if recent events are predictive once enough seniors have died from starvation and lack of heat/air conditioning Obama will appoint Biden to do a study and propose a solution. Once our children and grandparents are dead Obama is quite receptive to change, I hope.
FanFNtastic jane! Thanks! Go get ‘em!
I believe you may contact Pelosi if you are a constituent, based on your ZIP code. Here’s a couple to use on her contact form: 94114, 94117, 94110
Not that I’d encourage anyone to lie.
FYI, there is no Mrs Cory Booker (not that there’s anything wrong with that).
More proof that elections don’t matterI suppose…
and why my efforts (mostly unaddressed in the left blogosphere) – over years, not months – to get people to vote for anyone but Obama or Romney were a waste of time…
I suppose…
I am a dismal failure at realpolitik…
I suppose…
just ask TBogg…
meh…
Appreciate that. Not that I would ever stoop to fibbing about my zip code…
You are the foundation of the new world order; transitions take time. Vote progressive again.
Ok – I’m being a little selfish here but I’m tired of hearing how the proposed cuts in SS (by way of a chained CPI) will force seniors into the pet aisles in need of sustenance. Seniors are already receiving their earned benefits. They have already taken advantage of what society promised. It is the ones coming into the final decade of their careers that are going to feel the brunt of this legislation. Being the runt of the Boomer era, I feel I’m late again “to the party”.
Can we please stop pretending Obama is a leftist, a progressive, or a liberal?
When has he ever really advocated any of the beliefs that those descriptors are for?
On healthcare, he just took the low road and put together a mish-mash of nonsense with a lot of gifts to the corporations and the conservatives and pretended that the following years would improve on it. Either he was insincere, cynical, or lying to us.
On the stimulis, he sided with the blue dogs time after time, and ignorred the progressives and economists who said it was too little and misdirected.
On To Big To Fail, he has continually supported his friends on Wall Street through his former Wall Street people who are in the Treasury Department.
On so many things regarding justice, he has turned the other way and said “let bygones be bygones” and encouraged those who had done deeds in the past, like the GOP, to continue on knowing they wouldn’t be prosecuted.
On human rights, his record is sad. Whether it be here or abroad.
As for the military, he might as well be GWB mark II. More, more, more, and let us use it seems to be the cry, together with the development of the CIA as a totally uncontrolled and without oversight paramilitary organization doing acts that if anyone else was doing them would be called out as terrorism.
He’s “the best” the Democrats had to offer, and “better” than what the GOP was selling. But sadly not what we really need.
What has Obama done for me? After 4 years and voting for him twice, I can’t say anything positive. Jimmy Carter was a good and noble man, and a far better president than many gave him credit for. Obama ranks way down there with George W Bush.
Selfish is the new Compassionate. We will fulfill the projection that the next generation won’t do as well as the current generation…unless you’re rich.
Thanks. And I see I misspelled his name as well.
How quaint this conversation will seem in a few years when voting for him for president will be (choose one of the following according to preference):
*a transcendent moment of inspiring, historic meaning as we elect our second First Black President.
*a compromise all good liberals will have to make, even though he works for Wall St. and will probably start a war with [fill in the blank], because at all costs we can’t let that awful [Republican bogeyman TBA] win.
You aren’t late, at all. The pols and their elite bosses just want to continue to drink up all the wine that the rest of us brought. They are trying to turn out the lights and lock the door. It’s up to us to not let them do it. My mum taught me better than that.
The seniors on whose behalf everyone here is outraged is YOU, comrade.
Obviously anyone who right now is far along in years will have less time in which to be screwed by Obama’s warped crusade. You, God willing, have decades left to enjoy the benefits of his “balanced” approach.
from Cent Uger earlier this year
http://www.youtube.com/watch?v=-CCl-pNBTzY
Of course this is completely true.
Too bad the PTB at this site didn’t warn people not to vote for this charlatan and rather engaged in omerta about his policies while pointedly villifying Romney. That allowed people to project differences onto the candidates & parties that in reality don’t exist. That helped the more effective evil get elected. Fact. That congratulatory post about Obama’s “well-run campaign” that “left the republicans in the dust”-what are the odds we would have seen that directed at Romney had he won?
Hmmmmmm……
As for hero(/ine) worship-I dare say there are a few here who need to hold that mirror up to themselves.
… X 2
No, we could get our first gay president and he could be as awful a disappointment as the first Black one. :) And mindless liberals would probably fawn all over HIM as he proceeded with the racist neoliberal/imperial project, too. It’s all good as long as YOU’RE not going hungry.
If everybody had followed my Master Plan of writing in “Honey Boo Boo”, social security would be as safe as a baby nestled in Eleanor Roosevelt’s arms!
What Obama wants to do to Social Security is so fundamentally ugly that this capitulation bullshit is the best his amen corner can manage in terms of spin. There’s no way to put a smiley face on a Democratic president leading the charge to cut Social Security benefits, so (once again) the faithful trot out this tired, absurd “look at what the Republicans are making Obama do” routine.
Thank you, Jane! I cringe every time I see the words: cave, capitulate, surrender, weak, not a fighter, etc. with regards to 0bama. This is his agenda! Has been from the very beginning.
They give trillions to foreigners.
http://www.youtube.com/watch?v=n0NYBTkE1yQ
The print all the money “they” need out of thin air. QE 1,2,3
They allow trillions to be offshored so the heaviest users/profiteers of the system don’t have to pay taxes.
But they have to take money from old people that they actual paid into. WTF
We are being robbed by these Fed REserve monsters and Obama is absolutely one of them. Wake Up America. You are being robbed and told to behave while it’s happening.
By regarding society from a class perspective, one can see through the machinations of the rich. Marx explained that “in any epoch, the ideas of the ruling class are the ruling ideas…” The ruling class insists on control. Hence it demands unchallenged domination of the political system. It acts to mold all social institutions — including schools, media, & political parties — to serve its own interests. Any group that might oppose it (such as militant labor unions, leftist intellectuals, antiwar types, consumer & environmental advocates, etc) it tries to marginalize, coopt or destroy.
The political system that best serves the interests of the rich is the one that A) obediently does their bidding, while B) posing theatrically as a “democracy,” in a convincing enough way so that most people don’t catch on that they’re simply being played. Objective “B” serves to greatly reduce resistance.
The illusion of “choice” and “free elections” is very important to the ruling class. They recognize that this pretty illusion makes their job much easier, so they want to preserve it. The rituals of campaigns & elections function to con most of the population into believing that “they’re free.” Most people will never clearly recognize that the choice they’re being offered is a highly contrived one. They’re being forced to choose between 2 parties which are united against them, rigged to serve the interests of their oppressors.
In today’s US, especially at the national level, elections are worse than worthless — they simply perpetuate illusions & waste time. They are degrading & repulsive exercises in Madison Avenue PR techniques, where “the truth” is off limits from the get-go. Effort should be directed not at participating in this system, but at bringing it down, exposing its corrupt essence, & building genuinely constructive alternatives.
Just sent this to the president via the whitehouse email.
Obama is really a Democrat. He is supporting big business as all Dems do and have done historically. They are not greater or lesser evils they are auxiliary subdivisions of the same evil- capitalism
Read my post above and see if it makes sense based on the reality not the illusion.
This is true. I understand.
Well said and true, Jimbo.
DW
Man, can Jane write! Personally, I just wish she’d believed the topic important enough to make an issue of DURING the summer, before leaderless Democrats bought into Obama’s (only) reelection strategy that he would be better for Independents than Romney.
We’ve all known the simple truth for some time. Aren’t we all well aware that a Democratic Senate would have checked Romney. Anyone care to tell us few remaining Progressives who’s going to check Obama now?
What I don’t understand is, why is this issue worth discussing now? Wasn’t last summer the time to rinform and ally readers to the real stakes of the election? As I recall FDL CHOSE to sit out the election. It hardly seems fair for it to choose now to explain the obvious.
Obama won, he’s earned the right to lead us in the direction he (and his supporters he cares about) feel is in the Country’s best interest. The answer is really simple, Democrats lost, forget Obama: focus on incumbents up for reelection in 2014 and finding new faces who care a little more about the values the Party was built on.
Oh Jane ,thank you so very much for letting me know I’m not alone in this progressive world of self-delusion and clinical denial that refuses to adapt a class-warfare perspective .I’m so tired of this apologia about Obama’s lack of spine ,his timidity,his inept negotiating skills ,his cluelessness ,and myriad other cop-outs to keep from facing the truth :this guy is the logical DLC follow-up to Clinton ,insofar as performing the filthy deeds that would cause a palace coup if advanced by formal pubs .
We are trapped in the corporate media parameters of conflict between these two political brands,and I sincerely believe we are doomed unless our thinking can transcend this duopoly’s dichotomized fabrications .When I was listening to Amy in her post-election discussion ,my most disheartening moment was when several guests began ranting about a progressive mandate .This reflects a psychological disorder that only interests me in the sense that it obstructs a crystal-clear imperative to create economic security so we can focus on saving the planet .
Thanks for all of your great and heroic work .
Social Security is not part of the deficit writes mary mccurnin.
Well, since 2010, trust fund interest has been redeemed to make up for the cash shortfall. This necessitated the use of new general revenues, the way we pay all government expenses.
It was an immediate budget expense, and did raise the deficits.
So, what are you referring to?
Don Levit
Thanks Jane, good post. I cannot agree with you more. Your reporting on this has kept me (and others) well informed so I’m certainly not shocked by Obama’s actions.
At this point I hold the President and the Democratic party responsible for any cuts to SS and the further destruction of the programs and laws which realized the American dream. Cuts like these cannot happen without the consent and action of the President and Senators. So much for the party of the people.
Obama has always wanted a legacy – the President that destroyed the Middle class, wrecked the American dream, and left us with Third World America.
Some legacy…
Excellent post.
Democrats, including ‘progressive’ Democrats cannot be described as part of the left as long as they swim in the sewers of bigotry, misogyny, union busting, wars of aggression and union busting that are at the center of Democrat party politics.