A remarkable speech by Robert Fitch puts Obama’s early career in a new perspective that explains the man we see now in the Oval Office: one who pretends to befriend ordinary people but sells them out again and again to wealthy, powerful interests – the banks, big Pharma and health insurers, and lately, the fracking-industrial complex.
Fitch, who died last year, was an academic and journalist, well regarded for his forensic and archival work, as described by Doug Henwood in an obituary in the Nation. He is best known for his book Solidarity for Sale, which chronicled corruption in American unions, but his work that is germane to his analysis of Obama is Assassination of New York. In that, he documented the concerted efforts by powerful real estate and financial interests to drive manufacturing and low-income renters out of Manhattan so they could turn it over to office and residential space for high income professionals.
Fitch gave his remarkable speech before an unlikely audience at an unlikely time: the Harlem Tenants Association in November 2008, hard on the heels of Obama’s electrifying presidential win. The first part contains his prescient prediction: that Obama’s Third Way stance, that we all need to put our differences aside and get along, was tantamount to advocating the interests of the wealthy, since they seldom give anything to the have-nots without a fight.
That discussion alone is reason to read the piece. But the important part is his description of the role that Obama played in the redevelopment of the near South Side of Chicago, and how he and other middle class blacks, including Valerie Jarrett and his wife Michelle, advanced at the expense of poor blacks by aligning themselves with what Fitch calls “friendly FIRE”: powerful real estate players like the Pritzkers and the Crown family, major banks, the University of Chicago, as well as non-profit community developers and real estate reverends.
Don’t take my word for it. Download the speech and read it. And then circulate it widely. And thank Michael Hudson, Fitch’s friend for over 30 years, for making this document available.
Big Ben wrote:Here is what Lou Prickett wrote:
Dear President Obama:
You are the thirteenth President under whom I have lived and
unlike Any of the others, you truly scare me.
You scare me because after much media exposure, I know
little about your past.
You scare me because I do not know how you paid for your
expensive Ivy League education and your upscale lifestyle
and housing with no Visible signs of support.
You scare me because you did not spend the formative years
of youth Growing up in America and culturally you are not
You scare me because you have never run a company or met a
You scare me because you have never had military experience,
thus Don't understand it at its core.
You scare me because you lack humility and 'class', always
You scare me because for over half your life you have
aligned Yourself with radical extremists who hate America
and you refuse to Publicly denounce these radicals who wish
to see America fail..
You scare me because you are a cheerleader for the 'blame
America ' Crowd and deliver this message abroad.
You scare me because you want to change America to a
European style Country where the government sector
dominates instead of the private sector.
You scare me because you want to replace our health care
system With a government controlled one.
You scare me because you prefer 'wind mills' to responsibly
Capitalizing on our own vast oil, coal and shale reserves.
You scare me because you want to kill the American
capitalist goose That lays the golden egg which provides
the highest standard of Living in the world.
You scare me because you have begun to use 'extortion'
tactics Against certain banks and corporations.
You scare me because your own political party shrinks from
Challenging you on your wild and irresponsible spending
You scare me because you will not openly listen to or even
consider Opposing points of view from intelligent people.
You scare me because you falsely believe that you are both
Omnipotent and omniscient.
You scare me because the media gives you a free pass on
everything You do.
You scare me because you demonize and want to silence the
Limbaugh's, Hannitys, O'Reillys and Becks who offer opposing
, Conservative points of view.
You scare me because you prefer controlling over governing.
You scare me since you have a family line of Muslims, I have never heard your story of how you became "Christian".
Finally, you scare me because if you serve a second term I
will Probably not feel safe in writing a similar letter.tt
Big Ben wrote:Looks like France has just elected a socialist PM. In addition, Greek citizens are not taking well to the reigning parties in Greece who are pushing fiscal austerity. People just don't like to face the truth. This is bad news for Romney, as many Americans will vote for the socialist/Marxist themed candidate, who formally initiated his reelection campaign on May 5th, Karl Marx's birthday.
DanMc wrote:I don't profess to know much about US economics, but the Eurozone which has largely pursued austerity policies is forecast by OECD - the Organisation for Economic Co-operation and Development - to see a reduction in growth of 0.1% this year followed by an increase of only 0.9% in 2013. The US economy is forecast to rise by 2.4% this year and 2.6% next year. Someone is getting it wrong and the figures suggest it isn't Obama.
Dan, that is a "forecast", not the reality, yet. Only the future will tell what went wrong.
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