Come on, People

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barackcornell

Reading some of the discordant grumbling in the black blogosphere about the gratuitous “haterade” on our beloved President is both amusing and disconcerting.  It is as if some of y’all have been oblivious to the feel good fiction spoon fed to a naïve public in the course of the last campaign.  Disappearing Acts is not only Terri McMillan’s best novel; it could also be the title of any serious examination of the President’s record on issues important to progressives of any stripe, especially the working class and people of color.

Cornel West, in response to a question from Rolling Stone about joining the Obama Admin said:

That’s not my calling. Yeah, brother, you find me in a crack house before you find me in the White House. I’ll go into the crack house before I ever go that far inside.

I respect Cornel for his candor, however clumsily he stated it.  Remarks like that can get a brotha’s feelings hurt in the blogosphere.   I am quite sho’ his Princeton email box got blown up by overly sensitive Negroes who equate the interests of the black community with the corporate financed agenda of Barack Obama.

There are many things I could say concern me about the direction of this Administration so far:  indefinite detention, dramatic escalation of the Afghan War, dropping cluster bombs on Afghan civilians, preventing the victims of Bush-Cheney torture from suing for redress, failing to prosecute CIA torture and those who ordered it, but I’ll just stick to the economy for simplicity’s sake.

Granted, it ain’t been but four months, and he will be president for more than three and half more years, but our Commander-In-Chief has been gettin’ busy and doing the nasty.  Not with some empty headed ho, but with the Gucci wearing corporate whores that comprise the Administration’s high-ranking financial officials and their coterie of advisors.

This Administration has thrown away trillions down a bottomless rat hole to bail out the white investor class and the financial institutions that they control. These are the people whose speculative greed and racist indifference destroyed our economy.  Ain’t y’all been paying attention?   The civil rights establishment that you gleefully malign has filed landmark class action lawsuits against the sub-prime lending industry that deliberately targeted Negroes, Latinos and anybody else deemed ignorant enough to believe that deceptively marketed exploding adjustable rate mortgages were created to help the colored working class achieve the American Dream of homeownership. What they were really meant to do is generate windfall profits for the white investor class that they could pass down generation after generation.

Our Commander-In-Chief has not directed his Justice Department to join the NAACP in the class actions against some of his more generous campaign contributors.  This goes to the heart of the reparations argument being advanced by the Black Intelligentsia—people like Cornel West and Michael Eric Dyson.  Black Harvard Law Professor Charles Ogletree, who ain’t got nothin’ but love for Barack, has written extensively and persuasively on this topic.   The President told us over a year ago in the You Tube debate that he opposed reparations.

Honest white progressives like Krugman and Stiglitz and Warren have been eloquent about what this Administration is not doing to hold crooked speculators accountable for their unconscionably racist greed.  Real reform of the banking system is not in the works.

CPL, rikyrah, I love y’all with all my heart and soul, but attacking Cornel for some insignificant off handed comment is totally off base and changes the debate to who is hatin’ on Obama instead of what he is surreptitiously doing policy wise that the black community should hate.   We should be mindful of something that Maya Angelou said.  When people tell you who they are, believe them.   The President’s adherence to an insensitive white corporate agenda will not change.  Come on, People.  Let’s act like intelligent grownfolks and not like adolescents in the throws of puppy love.

Congressional Black Caucus: Selling us out

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If any of the following Congressional Negroes belongs to you, y’all might wanna drop them a line and let them know that you don’t appreciate their voting to bail out crooked bankers and the largely white investor class that lost their shirts speculating in mortgage backed securities. 

Rep. Maxine Waters D-CA
Rep. Laura Richardson D-CA
Rep. Eddie Bernice Johnson D-TX
Rep. Artur Davis D-AL
Rep. Sanford Bishop D-GA
Rep. Corrine Brown D-FL
Rep. Alcee Hastings D-FL
Rep. Kendrick Meek D-FL
Rep. James Clyburn D-SC
Rep. Mel Watt D-NC
Rep. Chaka Fattah D-PA
Rep. Danny Davis D-IL
Rep. Keith Ellison  D-MN
Rep. Gwen Moore D-WI
Rep. Yvette Clarke D-NY
Rep. Greg Meeks D-NY
Rep. Charlie Rangel D-NY
Rep. Edolphus Towns D-NY

Bankers consciously conspired to disproportionately saddle people of color (mainly Blacks and Latinos) with predatory loans and other dangerous loan products which ruined their lives and destroyed their credit.  They sold the loans on the open market to the investor class at a profit until their colored victims started defaulting on their adjustable rate mortgages when the loans reset.

The Bailout package which failed the other day left the issue of predatory lending unaddressed.   Naomi Klein, author of the Shock Doctrine, which explains the phenomenon of Disaster Capitalism, is a primer for political activists wishing to understand the predatory habits of the right-wing and their enablers in the Democratic Party.   Miss Klein, a Canadian National, writes about how the right has used the crisis surrounding disasters both natural and manmade to unleash free market schemes on an unsuspecting public worldwide.   The credit crisis is just the latest scheme and its being used to bailout the very same people who pushed for the deregulation of the banking industry and caused the problems that threaten global economic collapse.

Dennis Kucinich, as always, hit the nail on the head.  He said on the floor:

Why aren’t we helping homeowners directly with their debt burden?  Why aren’t we helping American homeowners faced with bankruptcy? Why aren’t we reducing debt for Main Street instead of Wall Street? Isn’t it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the Banks? Is this the United States Congress or the Board of Directors of Goldman Sachs?  Wall Street is a place of Bears and Bulls.  It is not smart to force taxpayers to dance with Bears or follow to closely behind the Bulls.

None of the aforementioned Negroes is running for President and none needs the support of Wall Street to get re-elected.  What is most interesting about this list is the progressive names on it, along with those of the corporate whores, like Artur Davis and David Scott that have been identified by our friends at Black Agenda Report.   Yvette Clarke, Keith Ellison, Gwen Moore, Maxine Waters, and Mel Watt don’t belong on this list–their progressive voting records indicate that they know damn better.

I am particularly peeved by Sistah Waters and Brotha Watt.  As the senior African Americans serving on the House Financial Services Committee, Mr. Watt chairs the Subcommittee on Oversight and Investigations and Mrs. Waters chairs the Subcommittee on Housing & Community Opportunity.  They know full well how hard Banking institutions chafed under the Community Reinvestment Act that monitors how banks redline communites of color and deny them credit.  This predatory loan crisis has been an onging outrage and this bailout package does nothing to remedy the situation.

Unlike their chairman, the brilliant Barney Frank, neither Mrs. Waters or Mr. Watt is beholden to the financial services industry.   Barney Frank has taken in excess of $2,259 907 from the financial services, real estate, and insurance industries since 1989.   Moreover, Barney hasn’t had a competitive re-election bid in 26 years.   There isn’t any reason for their betrayal of the black community except for their alleigance to one woman: House Speaker Nancy Pelosi.    I like Nancy. I admire Nancy, but this bailout bill is not what progressive Democrats sent the Democratic majority to Washington for.   For 18 of the 41 member Congressional Black Caucus to capitulate to this bailout betrayal gives new meaning to the epithet House Negro.