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The sellouts in the White House and Congress voted for and signed a deal that will lead inevitably to a deeper depression, no additional tax cuts for the rich, more, not less military spending and more, not less, austerity.   
The next round of sellouts will begin when the ‘Trigger’ committee meets and will duplicate the sellout by Obama’s deficit reduction commission (National Commission on Fiscal Responsibility and Reform), by his compromising twice on Bush tax cuts for the rich and this latest manufactured deficit crisis.  
There is no deficit crisis that can’t be quickly and permanently solved by taxing the rich at the 90% rate they were taxed during the Truman and Eisenhower administrations.  
48 of 50 states and many large cities are on the verge of bankruptcy. Unemployment is up steeply and economic growth is virtually nil. Europe is on the verge of total economic collapse and thanks to Congress and Obama the US is at a tipping point, ready to fall deeper into economic depression.

As conditions worsen the pressure for revolutionary change will come to the US without much notice and develop very quickly when it does. That’s partly because most venues for dissent have been closed. Leftwing parties are kept off the ballot. Unions are being busted by Obama and a coalition of Democrat and Republican governors and legislatures. Whistle blowers like Brad Manning are being publically tortured while Obama and Hillary Clinton smirk and call it ‘necessary’. Bipartisan support for FISA means that wiretapping of phone and internet messages of opponents of the WH continues unabated. And etc.  
Their attempts to dampen the tectonic levels of rage against these repeated sellouts just won’t work.  The growing pressure for change will find new ways to express itself just as it did in 1775 and again in 1860.   
Right now working people are in shock and demoralized because of the Clinton depression; Obama’s deliberately maintained high under/unemployment and other government policies that driven  our standard of living down. They’re also in deep shock over this latest betrayal at the hands of Obama and his Democrat/Republican/Teabagger partnership. The last time we saw this level of shock was after Bush and Obama twisted arms and got most Democrats and some Republicans to vote for TARP.    
That shock won’t last forever. We’re already seeing templor. For the second time in as many months the AFL-CIO has issued a clear warning to Obama and the Democrats – support unions, workers and the poor or get dumped. Wisconsin was another preshock. And theres’s this from today’s NY Times: “Breaking News Alert – Thursday, August 4, 2011 –Disapproval Rating of Congress at a Record 82 Percent, Poll Finds …” The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News poll.  A record 82 percent of Americans now disapprove of the way Congress is handling its job — the most since The Times first began asking the question in 1977...”

The fallout begins. Obama and his Democrat, Republican and Teabagger allies in Congress just committed suicide. It may take a while for that to sink in.

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Bill Perdue

Bill Perdue