Election day news predominates but if you really search you can find all the grim economic facts that are being relegated to the back burner for today, anyway.
No matter who becomes president he faces an economic crisis beyond repair. We are witnessing the implosion of a system resting on 500 years of plunder, slavery, genocide, rape and domination so that some could enjoy the resources of everyone else.
As the Mohawk Nation News recently put it, “The stock market crash could be the best thing that ever happened to save the planet…As we watch the demise of the exploitation of our lands and resources, we are seeing a show that is over and no one is clapping for an encore…It’ll never be the same again…”
All around the world people are indeed cheering the downfall of U.S. hegemony, even as many vainly hope that the Obama presidency will change the world.
Despite a momentary upward move by the U.S. and global stock markets things are dire.
Here are some of the headlines:
Bloomberg.com: September Factory Orders Slide More Than Forecast
New York Times: 2 European Banks Offer Gloomy Outlook
New York Times: Automakers Report Grim October Sales
Wall Street Journal: More Utility Bills Go Unpaid
Washington Post: Credit Card Losses May Surpass Historical Peaks
Jerusalem Post: Shipping news suggests world economy is toast
For all those still seeking change with Obama, just remember that he got most of his campaign contributions from Wall Street and he’s got to pay the piper now. His campaign finance chair Penny Pritzker and possible Secretary of the Treasury Robert Rubin are going to help him do just that. (See the “Obama Exposed” powerpoint at apscuhuru.org)
The Uhuru Movement is changing the world in a positive way, working for unification, justice and liberation for African people everywhere. For us from the white community the Uhuru Solidarity Movement offers us a lifeboat from the sinking Titanic. Climb in!