by Nancy Spannaus
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Nov. 19—The worse the political crisis for Barack Obama, the better are the prospects for the policies which, as a British puppet, he has devoted his Presidency to blocking—starting with the re-enactment of FDR’s Glass-Steagall law. That reciprocal process came clearly into focus over the last week, as Obama’s fortunes tanked, and significant new initiatives for ramming Glass-Steagall through the Congress were taken.
As Lyndon LaRouche has emphasized in recent days, Obama is now in real trouble, with Democrats starting to defect on “issues” such as murderous Obamacare. But, while Obama is the face of the evil Americans see, as they observe their society falling apart, the President is not the enemy per se. Rather, he is only a tool of the international financial oligarchy, centered in the Anglo-Dutch monarchy and its U.S. extension, Wall Street. These financial forces have enormous power—and at least some of them would not hesitate to even provoke a thermonuclear war confrontation, in order to “save” their empire.
Glass-Steagall, however, would take that power away, reducing Wall Street to the bankrupt husk that it is, and restoring the sovereignty of the U.S. government over its economy and finances. It was not simply rhetoric, when a British official told a U.S. economist in the Spring of 2010 that his government would consider the re-establishment of Glass-Steagall a “hostile act.”
Congress is not yet in a state of open revolt against the President, but, increasingly, the U.S. population is. If you actually face the reality of the threat to the United States, economically, politically, and strategically, that rage is totally appropriate. But, every delay in taking the measures required to remove Obama and implement Glass-Steagall, puts the nation and the world in more danger.