Tuesday, June 16, 2009
Obama to California: Drop Dead
Apparently, there are a few people in the White House who have awakened to the fact that the California budget crisis imperils any possible economic recovery. But, faced with a choice between strict adherence to neoliberal policy, or preventing the complete evisceration of California's safety net, such as, for example, the elimination of welfare, as well as the reduction of public education to a skeletal system of warehousing children, they are still, of course, choosing the former. Trillions for banks? No problem. 24 billion for California, and possibly billions more for other states in a similar situation, like Michigan? Forget about it.
Labels: Bailout of Finance Capitalists, Barack Obama, California, Global Recession, Neoliberalism
