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US Senator Elizabeth Warren is an honest politician. And she sounded like a champion of the 99 percent during an interview with Salon.com when she bashed President Obama for kowtowing to the interests of Wall Street ahead of the American people.

Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws. However, Obama’s financial ties with the elites of Wall Street came under closer review.

Warren told Salon that “there has not been nearly enough change” in the wake of the U.S. financial crisis.

“He picked his economic team and when the going got tough, his economic team picked Wall Street. …They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over.”

On lobbyists: Banks spend millions on “armies of lobbyists and lawyers,” she told Salon, but there are few people at “the decision-making table” representing the concerns of everyday Americans.

“And when that happens — not just once, not just twice, but thousands of times a week — the system just gradually tilts further and further.”

Under Obama, during the greatest crisis since the Great Depression, in which massive fraud and money laundering for drug cartels and other crimes were committed by Wall Street executives and their employees, not a single person was charged by Obama’s Justice Department. “I’m the only one standing between you and the pitch forks,” Obama told a group of Wall Street executives during the height of the crisis. He was right, and he did his job for them. Goldman Sachs was the largest of his campaign financiers.

Under George W. Bush, people actually were charged with crimes in corporate scandals, and sent to prison, such as the Enron and Worldcom scandals. Under President George H.W. Bush and President Bill Clinton, over a thousand people were convicted of felonies for their parts in the savings and loan scandal.

This indicates how corrupt to the core the government of the United States has become, and  it’s not just Obama. It’s both major political parties, all Republicans in congress, and 90 percent of all Democratic lawmakers. The system is awash in money and corruption, all the way to the corporate wing of the US Supreme Court. The political and economic games are completely corrupted and rigged against the middle class.

For the complete interview, click on the link below.

Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over”–Salon.com

 

 

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The GOP has just set a new world record for “Insidious.” The Republicans have cut food stamps for the poor – only in Democratic states.

Here is how they did it. Food stamps, a/k/a the Food Supplement Program, is limited to the needy. Neediness is calculated based on family income. Income is calculated after subtracting deductions. One of those deductions is the “Full Standard Utility Allowance,” or FSUA, which is $644. Families who receive Low-Income Heating Assistance Program (LIHEAP) payments are automatically eligible to take the FSUA deduction. That reduces their income, and makes them more likely to qualify for food stamps.

In the farm bill that just passed the House, the sole GOP food stamp cut was a change in the qualification rules to prevent LIHEAP recipients from automatically qualifying for the FSUA deduction. This is a $9 billion cut.

What do Vermont, New York, Rhode Island, Massachusetts, Illinois and Maine have in common? They’re cold, and they’re Democratic. What do Alabama, Louisiana, Texas and Mississippi have in common? They’re warm, and they’re Republican.

Are you starting to get the picture?

In fact, Democracy for America has calculated that 97% of this cut in food stamps falls on blue D.C. and 15 blue states: the New England states, New York, New Jersey, Pennsylvania, Delaware, Michigan, Wisconsin, Montana, Washington, Oregon and California. All of them but Montana voted for President Obama twice. Twenty-eight of their 32 Senators are Democrats.

So basically, the GOP Farm Bill cuts food stamps for lots of Democrats, and only some Republicans. And those impoverished Democrats now have to choose between heating and eating.

First the GOP allegedly shuts down access to the busiest bridge in America, to punish a Democratic mayor who wouldn’t endorse a Republican governor. Now they cut food stamps, but just in Democratic states.

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