Bernanke says we’re not poor enough

Posted on

Bernanke prays to his gods of destruction.

US Fed Chairman Bernanke demands austerity

In remarks Monday to a conference on Asia and the global economic crisis held by the San Francisco Federal Reserve Bank in Santa Barbara, California, Federal Reserve Chairman Ben Bernanke called for austerity policies to rein in US budget deficits and the ballooning national debt.

In the name of reducing global economic imbalances between debtor countries with large trade deficits, such as the US, and creditor nations with large trade surpluses, such as China and Japan, Bernanke demanded that the US government adopt policies in the medium-term to cut domestic consumption and reduce social spending. At the same time, he called on China and other export-oriented Asian countries to reduce their trade and current account surpluses by encouraging a growth in domestic demand.

Bernanke declared that Asia was leading a world economic recovery, but warned that the recovery could not be allowed to produce a renewed growth of “unsustainable” imbalances in trade and capital flows. While couched in diplomatic and technical terminology, his remarks had definite and ominous implications for the working class, above all in the United States.

Reflecting the consensus within the American ruling elite, and the class policy of the Obama administration, the central bank chief was implicitly insisting that the economic crisis be used to carry through a drastic and permanent lowering of the wages and living standards of the American working class. In essence, the United States is to be transformed into a cheap-labor center for the export of industrial and other goods to the world market. The living standards and conditions of American workers are to be brought more closely into line with those of super-exploited workers in Asia.

He neglected to note that the major factor in the explosive growth of the federal deficit is the multi-trillion-dollar bailout of Wall Street, which he and the Obama administration are carrying out.
{more – Barry Gray at wsws}

Austerity = slavery


Rural ‘Stimuli’

Posted on

Although not from current ‘stimulus’ money, Homeland Security did contribute to our town’s ‘safety’ through the funding of surveillance cameras. All 252 of the ‘townies’ should be relieved.

Stimulus money will soon be coming to rural America but it seems like more of the same old ‘Homeland Security’ schemes. More militarization of the local police and an increase in the ‘big brother’ social services.

More Federal Stimulus Grants for Cannon County
With the local economy in a slow down and a lot of Cannon County folks out of work, our local elected officials would be wise to sharpen their pencils and start looking for as many of the federal stimulus grants that local governments can apply for. There are several of these grants that local governments can apply directly to the federal government for (which means they have to ask for the funding or they won’t get the money!).

As there are numerous federal agencies that are administering stimulus grants, our local officials should keep their eyes peeled for funding opportunities to help our community through these rough economic times.

If the grants are available why not?

Here are three stimulus fund local grants that just opened up that Cannon County can apply for now…

Assistance to Rural Law Enforcement to Combat Crime and Drugs

Office of Victims of Crime grant to combat violence against women & children

Recovery Act Byrne Competitive Grant: Cannon County has been allocated $10,884 under this grant already!!!

Helicopters are handy in these down times. You never know when those ‘domestic terrorists’ will need to be tracked down. An infrared system may even help find those ‘hot spots’ of activity deemed not appropriate for making a little money among the unemployed.

We’ve got a new helicopter to fight crime, assist in rescue efforts, and emergency management in the Cookeville District THP which includes Cannon County.

A Bell Jet Ranger THP helicopter is now stationed in Crossville. more

Tennessee will be receiving an estimated $5 billion in tax debt money and getting broadband access in rural areas is on the table.

Another program funded by stimulus money is Connect TN, according to state Sen. Bill Ketron who sponsored legislation for statewide cable TV franchises. Connect TN is to improve Internet connections. It and related programs funded by the federal government have been compared to rural electrification.

“Broadband is a huge chunk of the stimulus program,” Ketron said.

Some $4.7 billion is to be distributed nationally by by the national Telecommunications and Information Administration “to build out broadband in unserved and under-served areas for public safety and training and education.”

I wonder if there will be stipulations regarding the filtering of ‘undesirable’ websites in the package.

What I see missing from the stimulus package is any money for assisting new manufacturing of essential items. Since the US manufacturing base has eroded, one might think this would be an area of opportunity. Making things here instead of China, Mexico, etc. would spread the wealth around but I guess the globalists have other ideas.

Of course individuals can apply for some stimuli through .gov websites. A friend recently spent a lot of time putting together a proposal for a sustainable farming project. In the mission statement he said that this project would be a good alternative to GMO seed crops.
Opps, that may have been a mistake in going against the Monsanto crowd.
Sorry man, no free money for you.