The failure by the Obama administration to use the bailout and stimulus money to build public works such as schools, libraries, roads, clinics, highways, public transit and reclaiming dams, as well as create green jobs, has snuffed out any hope of serious economic, political or environmental reform coming from the centralized bureaucracy of the corporate state. And since the government did not hire enough auditors and examiners to monitor how the hundreds of billions in taxpayer funds funneled to Wall Street are being spent, we will soon see reports of widespread mismanagement and corruption. The rot and corruption at the top levels of our financial and political systems, coupled with the increasing deprivation felt by tens of millions of Americans, are volatile tinder for a horrific right-wing backlash in the absence of a committed socialist alternative. Chris Hedges ☀
Tuesday 14 September 2010
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