[lbo-talk] Paul Craig Roberts: Obama's 2012 Budget -- A Tool for Class War

[fernando cassia]

Obama’s new budget is a continuation of Wall Street’s class war against 
the poor and middle class. Wall Street wasn’t through with us when the 
banksters sold their fraudulent derivatives into our pension funds, 
wrecked Americans’ job prospects and retirement plans, secured a $700 
billion bailout at taxpayers’ expense while foreclosing on the homes of 
millions of Americans, and loaded up the Federal Reserve’s balance sheet 
with several trillion dollars of junk financial paper in exchange for 
newly created money to shore up the banks’ balance sheets. The effect of 
the Federal Reserve’s “quantitative easing” on inflation, interest 
rates, and the dollar’s foreign exchange value are yet to hit. When they 
do, Americans will get a lesson in poverty.
http://the-peoples-forum.com/cgi-bin/readart.cgi?ArtNum=22953